Stocks in focus: Aviation, Tata Communication, Yes Bank

Jet Airways: Foreign airlines FDI limit at 49 percent, no change. Etihad still cannot raise stake beyond 49 percent. Government has only raised foreign investment limit from 49 percent to 100 percent.Aviation in focus: May passenger growth very strong. May passenger growth rise 22 percent at 87 lakh passengers. Spicejet May load factor at 93.5 percent; Highest in sector for 5th month in a row.Interglobe: May maintains market share leadership at 38.5 percent versus 38.7 percent in April.Tata Communication: Reports suggests that Tata Communication subsidiary puts  ATM business on block. ATM business sale eyes valuation of Rs 1,000-1,350 crore. Company approaches buyers in Japan & US. Tata Communication appoints BNP Paribas as investment banker. ATM business revenue of Rs 1,600-1,800 crore, verge of break even.FSSAI: In a new development, Food Safety and Standards Authority of India (FSSAI) has finalized a new list of 11,000 permissible food additives.
This will allow companies manufacturing food products to use additives allowed on the list without approval and would significantly ease approvals.Earlier, companies needed to obtain product-wise approval for launching food products.Speaking to CNBC-TV18, FSSAI CEO Pawan Kumar Agarwal said the food regulator has removed two additives from the list, one of which is potassium bromate, which was in the news recently for its supposed carcinogenic properties.

On the other carcinogen of the two named in bread fiasco, FSSAI's scientific panel is still studying the impact of potassium iodate, Agarwal said.Dish TV and Den Networks: FDI increased to 100 percent from 74 percent. FPI Holding March        PercentDish TV        11.3Siti Cable     13.1Hathway Cable 33.7Den Networks    21.99 Yes Bank: CNBC-TV18 broke the story of USD 1 bn QIP. Management to CNBC-TV18 QIP will result in dilution of a 12-13.5 percent stake. Bank is in talks with Goldman Sachs for fund raising. Sources told CNBC-TV18  'Not so soon'.Other stocks in focus are Voltas and M&M Financials.