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The year that was...
The year 2009 saw the industry combating the shadows of global slowdown. A year full of challenges, which kick-started with the Vibrant Gujarat summit, was also a blessing in disguise in some cases especially with pharma companies returning homewards to Gujarat or brain drain from the reputed insitutes like IITs and IIMs being contained for the time being. While acquisitions and mergers gained some momentum in the later half of 2009, some of the special economic zone projects were hit. Companies responded with more innovative solutions while waking up to newer challenges. Problems in land acquisitions continue to remain although the process has been far more peaceful in Gujarat as compared to other states. This can be guaged from the fact that the first Nano by Tata Motors at Sanand got ready this year

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.

News of the day

Centre's policy is to strengthen PSUs: Pranab
Describing reports that government was trying to privatise the public sector as a "malicious propaganda", Union Finance Minister Pranab Mukherjee today said the Centre"s policy was to strengthen PSUs and not weaken them.
Business Ideas

Sensex regains 17K mark

The Sensex has now re-gained the 17,000 mark and is now at 17,007, up 376 points. The NSE Nifty is at 5,061, up 119 points. Jaiprakash Associates, Bharti Airtel, Tata Power and ICICI Bank added over 2.5% each at Rs 221, Rs 292, Rs 1,361 and Rs 874, respectively. The other prominent gainers include Mahindra & Mahindra, HDFC, ONGC, DLF and TCS, up 2% each. All the sectoral indices are now in green, the metal index has soared 3% to 16,241, followed by realty and TECk indices, up over 2% each. The market breadth is positive, out of 2,523 shares traded, 1,903 have advanced and 559 have declined on the BSE so far.


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