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Asian markets off day's lows
Asian markets are trading in the negative, albeit off their day"s lows.

Tourist dollars rise 3% depite fall in traffic
In spite of foreign tourist inflow adversely hit in aftermath of 26/11 terror attack and economic slowdown, the foreign exchange earning from the sector has witnessed a three per cent increase this year, Union Minister of State for Tourism Sultan Ahmed has said.

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Reserve Bank rejigs top portfolios
Along with Subir Gokarn’s appointment as the fourth deputy governor, the Reserve Bank of India (RBI) today reshuffled some of the key portfolios of its deputy governors and executive directors.
Corporate

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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