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Markets open in the green
The Indian markets have opened in the green on the back of positive global cues. The Sensex is quoting at 17,134, higher by 33 points and the Nifty is up 4 points at 5113.

QIP shares jump 23%, IPOs lag
Investors who bought shares in the primary market through qualified institutional placements (QIPs) have reason to celebrate as their money in 50 QIPs has grown 23 per cent in 2009. On the contrary, investments in initial public offers (IPOs) during the period have come down 3 per cent. It means that Rs 37,040 crore of investments in 50 QIPs have risen by Rs 8,545 crore, while IPOs saw a value erosion of Rs 268 crore.

News of the day

Before the wedding bells ring
Think of what can go wrong — insurance companies have a list and the answer.
International Business

Strides Arcolab launches anti-swine flu drug

Pharmaceutical company Strides Arcolab has launched an anti-swine flu drug. - Cipla to raise Rs 676 cr via QIP issue - Venus Remedies, Korean firm sign out-licensing deal - Nektar, Astrazenca sign licensing agreement - Zandu Pharma gets shareholder nod for merger with Emami - Pharma market in global top 10 by 2015: Report - Sun, Caraco to file 30 marketing applications for generics The company has launched Starflu capsule, the cure for swine flu, the pharma firm said in a filing to the Bombay Stock Exchange. Starflu is the generic version for Tamiflu-Oseltamivir and is available at all licensed pharmacies at a maximum retail price of Rs 460 for a bottle of 10 capsules, it further said. "Strides has the requisite stocks of Starflu to adequately supply and service the retail demand for this drug," Strides Arcolab President Nitin Ghadiyar said. The company"s move is subsequent to the Indian Government"s approval of restricted retail sale of Oseltamivir (tamiflu) for H1N1 treatment, it added. Shares of Strides Arcolab were trading at Rs 175.05 on BSE, up 6.87 per cent from previous close.


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