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ING Q3 net profit at euro 499 mn
Dutch financial services firm ING today reported euro 499 million profit for the third quarter, helped by strong performance in banking and insurance business.

Commodity futures mart set for big changes
The commodity futures market, which has a turnover of over Rs 50 lakh crore, will see more changes and a deepening of the market with the entry of two new exchanges in the second half of 2009.

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IDBI Bank homes in on Federal Bank for acquisition
State-owned IDBI Bank is believed to have zeroed in on Kerala-based private sector lender Federal Bank for acquisition.
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GVK ties up with QS for selling clinical trial data bases

Contract research services provider, GVK Biosciences today said it has entered into a strategic partnership with US-based Quantitative Solutions (QS) to develop and market clinical trial outcome data base. - Glenmark Generics files IPO prospectus with Sebi - Dr Reddy"s recalls four products from US market - Taro files lawsuit against Sun in US - Bharat Biotech gets patent for Lysostaphin - Opto Circuits" US arm signs multi-year supply contract with US firm - Vitamins, diabetic drugs to cost Sensex pares gains; Hindalco up 4% The Indian firm would market the existing data base of the American company in therapeutic areas such as rheumatoid arthritis & psoriasis, chronic HCV, neuropathic pain, osteoporosis and major depressions, it added. Besides this, GVK and QS plan to jointly develop and market additional databases in dyslipodemia, schizophrenia, alzheimer"s and in other areas shortly, the company said. "We have seen significant increase in demand for this type of analysis and are excited about the opportunity to work with GVK Bio to expand product offerings in clinical outcome databases," QS Founder and CEO Jaap Mandema said. QS is a leading scientific consultancy to the pharmaceutical and biotech industry.


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