Stocks in news: Asian Paints, 3M India, IFCI, Natco, Bharti

Here are stocks that are in news today:

P Chidambaram, Kamal Nath and Manish Tewari to address media at 10.15 today in Press Information Bureau

DMK ministers resign, submitted letter to President last night withdraws support to UPA
DMK sources say
-DMK says will stick to all 3 of their demands in resolution
-Will ask for inclusion of genocide, war crimes
-Will ask for independent international investigation

UPA safe for now, depends heavily on Mulayam Singh and Mayawati

Cabinet clears panel draft on Food Security Bill
-Food Security Bill cleared without any changes
-Cabinet panel defers decision on sugar decontrol

Food Minister KV Thomas:
-Will introduce Food Bill in parliament before March 22
-Food Bill to keep grain quota at Rs 7/kg/person/month for poor

Govt says:
-Food Security Bill to push up subsidy to Rs 1.30 lakh crore
-Historic initiative for ensuring food security
-Initial food subsidy implication of Rs 23,800 crore
-75 percent rural population, 50 percent urban population to be covered
-State-wise coverage to be determined by plan commission
-Eligible household to be identified by states
-States may use own criteria or SECC data
Alert: SECC is Socio Economic & Caste Census
-Subsidised prices to be applicable for 1st 3 years

Bharti Airtel reaction:
-CBI asserted that they haven't found any conspiracy evidence
-No evidence of conspiracy against any individual
-All other telecom companies including MTNL, BSNL received additional spectrum
-All telecom companies got additional spectrum under policy of February 1, 2002
-Saddened by summons being issued to Sunil Mittal & Co
-Have always practised highest standards of corporate governance
-View chargesheet as an attempt to tarnish company's reputation
-'Confident our position will be vindicated before courts'
-Govt many times stated additional spectrum granted as per policy
-Department of Telecommunications has also filed affidavits before courts confirming same
-Spectrum allocated in 2003 during Arun Shourie's regime
-Arun Shourie has already been given a clean chit

Essar group reaction:
-Order in relation to excess spectrum shocking, surprising
-Conducted biz in accordance with the laws of the land
-Will take up appropriate legal proceedings to challenge order

M&M:
-To observe no production days at Jaipur tractor plant for 5 days
-To observe no production days at Rudrapur plant for 2 days
-No production days will be during March 24-31
-M&M says do not envisage any adverse impact on tractor availability

Delhi HC allows Natco to make, sell anti-cancer drug Sunitinib
-Delhi HC vacates stay on making, selling Sunitinib drug
Alert: Delhi HC vacated stay since Sunitinib is now no longer patent protected
Alert: Delhi HC had stayed launch of generic Sunitinib by Natco in June 2012
Alert: Pfizer’s patent on Sunitinib was revoked in October 2012

BGR Energy says JVs with Hitachi are intact
Alert: Media reports L&T-Mitsubishi JV may buy BGR-Hitachi Venture

Other stocks and sectors that are in news today:
-Empowered group of ministers to decide price band for SAIL offer for sale (OFS) today (meeting at 9:45 am)
-Asian Paints acquires 51 percent stake-acquisition in Sleek Group for undisclosed sum
-Finance ministry plans to sell majority stake in IFCI: ET
-Chettinad Cement delisting offer closes tomorrow, floor price Rs 540/share, maximum bids at Rs 700-705/share
-PNB gets shareholders’ nod to issue shares worth Rs 873 crore
-Lloyds Steel allots 15 crore equity shares at Rs 15.13/share on conversion to IDBI Bank
-3M India promoter to sell 1.13 lakh shares via offer for sale on Thursday