Jan 15, 2013 09:51 AM IST | Source: CNBC-TV18

Stocks in news: TCS, M&M, Bajaj Fin, JSW Energy, SpiceJet

TCS | Crompton Greaves | M&M | Bajaj Finance | JSW Energy | Magma Fincorp | SpiceJet | Strides Arcolab | Yes Bank | IndusInd Bank | Lupin and Kingfisher are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results Today: Axis Bank, Essar Oil, NIIT Technologies, Reliance Industrial Infra, DCB, South Indian Bank, Bajaj Finance, Bajaj Finserv, Den Networks, Gruh Finance, Jai Bharat Maruti

TCS Q3 (QoQ)
-Profit at Rs 3,551.8 crore versus Rs 3,512.1 crore
-Operating income at Rs 4,380.9 crore versus Rs 4,178.8 crore
-Operating margin at 27.3% versus 26.75%
-IFRS revenue at Rs 16,069.9 crore versus Rs 15,620.8 crore
-Net margin down 38 bps at 22.1%
-Dollar revenue at USD 2,948 million versus USD 2,853 million
-Dollar revenue up 3.3% at USD 2,948 million
-IFRS revenue up 2.9% at Rs 16,069.9 crore
-Net profit up 1.1% at Rs 3,551.8 crore
-Operating income up 4.8% at Rs 4,380.9 crore
-Operating margin up 2.1% at 27.3%

TCS says:
-To Pay Rs 3/share dividend
-Added 2 clients of over USD 100 million in Q3
-Overall attrition at 11.2%, IT services at 9.8%
-Utilisation rate, excluding trainees at 81.7%

TCS CEO says:
-'Had an excellent quarter of well rounded performance'
-Clients will invest in making operations 'digital ready' in 2013
-'Overall performance in line with what we had outlined'
-Seen superior execution in seasonally weak quarter
-Q3 deal closures 'very good'
-Current deal pipeline strong
-Added 31 new clients in Q3
-'Very confident' about growth in Q4 and FY14
-Expect FY14 to be better than FY13
-No cause of worry on clients' spending
-Deal pipeline, growth momentum in Europe strong
-No change in pricing environment

Also Read
Morning cues: Will Q3 earnings give legs to market rally?
Bull's Eye: Buy Essar Oil, HDIL, DCB, Voltas

Kingfisher Airlines (KFA) employees say: Sources
-Set to serve legal notice to management
-Association not satisfied with Mallya's letter
-No concrete plan on clearing salary dues
-Threaten winding up petition if notice ignored

KFA engineers
-Working on legal notice similar to pilots'
-Likely to send legal notice early next week
-Legal notices to seek reply on salaries from KFA management

Mylan gets final USFDA nod for generic version of Antara
Alert: Antara is Lupin’s branded Cholesterol lowering drug
-Received final nod for 43 mg & 130 mg dosage forms of gAntara
-Antara launch to hit Lupin’s Market Share, Margins
-Antara had sales of USD 45 million for Lupin
-3 other filers for gAntara are Dr Reddy's, Paddock, Apotex
-Lupin had filed appeal asking US FDA to withhold final approval
-Lupin may seek injunction to stop Mylan’s launch of Antara

Ambuja Cements
-Seeks shareholders' ok for royalty payout to Holcim
-Royalty pay out to Holcim to remain firm for 2 years
-To review royalty pay to Holcim before end-2014

CCI modifies apartment buyers' agreement in 2 more DLF projects: PTI
Alert: 2 DLF projects include Park Place & Magnolia

Other stocks and sectors that are in news today:
-Yes Bank, IndusInd Bank in talks to acquire Indian retail assets of RBS: ET/BS
-Spicejet rakes in Rs 130 crore with lean season discount offer: ET
-Qatar Airways may buy stake in SpiceJet: TOI
-Strides promoter to back Skanray Tech to acquire L&T’s medical equipment business: TOI
-JSW Energy get green nod for HP power project: ET
-Magma Fincorp board to meet on January 17 to consider raising funds
-SEBI clears Bajaj Finance rights issue to raise up to Rs 750 crore
-M&M hiked capacity of Quanto, XUV500 & Rexton per month to reduce waiting period
-Dalmia Bharat Sugar open offer by Dalmia Bharat for 19.50/share, offer opens January 14, closes January 28
-Crompton Greaves has signed a MoU with Gujarat govt to setup a transformer manufacturing unit
-RBI extends interest subvention for exporters till March 2014: PTI
-BSNL will not participate in upcoming 2G spectrum auction starting March 11: PTI
-SEBI seeks clarification on Videocon's D2H arm Bharat Business Channel’s Rs 700 cr IPO
-BSNL, MTNL to surrender part of 2G spectrum to cut the load of one-time spectrum fee levied on them: Sources say to PTI
-CAG finds irregularities in disbursement of funds under the Rs 52,000 crore farm debt waiver scheme, 2008: PTI

Rashtriya Ispat: NewsWire18
-To raise Rs 2000 crore debt in 2 years or expansion of Vizag unit
-To up steel capacity to 7.3 mt in 3 years
-To buy low-grade coal from US, Canada & Australia

NHAI sources say
-To cut FY13 highway construction aim to 4,700 Kms: NewsWire18
Alert: NHAI was aiming at 7,500 Kms highway construction in FY13

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