Stocks in news: Asian Paints, Tata Power, Ansal Properties.

Stocks in news:

• Results today:
  Asian Paints, Bharat Bijlee, Finolex Cables, S Kumars and Tamilnadu Petro
• Ex-dividend:
  Foseco India (Rs 2/sh), State Bank of Bikaner & Jaipur (Rs 5/sh) and Ganesh Housing Corp (Rs 2.70/sh)
• Reliance to unlock treasury stock, to issue FCCB at conversion price of Rs 1900-2100/sh, at time of conversion to use treasury stock and not to issue fresh equity - HT
• Government to reduce oil subsidy burden on upstream oil companies by Rs 5000 cr for FY07; maximum benefit to ONGC - FE
• NSE adds 31 new stocks to F&O; most cos. from real estate, cement and infra stable
• Maruti stake sale announcement today
• Finmin says FBT will be applicable to all stock options completed after March 31
• Tata Power to raise USD 600 mn for Bumi acquisition - ET
• Bharti, Hutch fined Rs 50 cr each for launching 2-in-1 service in Delhi in 2005 with regulatory approvals - EF
• NSE bars further F&O positions in Parsvnath as 95% of marketwide limit reached (Nagarjuna Fert, Arvind Mills already in curb)
• Binani Cement IPO closes today; issue subscribed 0.17 times
• Hindustan Motors to revoke suspension of work notice today
• Ansal Properties signs MOU with UAE-based Deyaar Development to develop properties in India
• Fin Min sources say no direction issued on bank merger; mergers to be bank board-initiated
• Government aide says Tatas have written to telecom dept on 3G policy: NW18
• Anti-dumping duty on Chinese zinc oxide extended by 5 years: NW18
• Industry for lowering value-added-tax on biscuits to 4% from 12.5%: NW18