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Reliance Cap net drops 52%
Reliance Capital, the financial services arm of the Reliance-Anil Dhirubhai Ambani (R-ADA) group, reported a 52 per cent fall in consolidated net profit at Rs 63 crore for the quarter ended December 31, 2009, against Rs 132 crore in the same quarter the previous financial year.

Barclays to increase workforce by 10% in Asia
UK-based Barclays today said it would increase workforce in merchant banking segment across Asia by 10 per cent during 2010.

News of the day

Lupin gains on $100 mn FCCB issue
The stock settled at Rs 1,438, up 2% from its previous close. The counter clocked volumes of 25,792 shares as compared to the two-week daily averegae traded volumes of 49,619 shares on the BSE.
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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