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Oil weakens in Asian trade on profit-taking
Oil fell in Asian trade today on profit-taking after overnight gains driven by hopes for improved demand as the global economy recovers, analysts said.

Setback for Reliance Power's Dadri plant
HC quashes use of emergency power for land buys; ADAG firm says it’s a procedural issue.

News of the day

LIC, HDFC Life miss rural obligations
The state-owned insurance giant Life Insurance Corporation of India (LIC) and private sector insurer HDFC Standard Life missed out on rural sector obligations during 2008-09. While two non-life insurers, Bharti Axa General Insurance and Apollo DKV, did not meet both the rural as well as the social sector obligations during the last financial year.
Management

New drug fights flu as well as Tamiflu does: Study

Researchers delivered a double dose of good news today in the fight against flu — successful tests of what could become the first new flu medicine in a decade, and the strongest evidence yet that such drugs save lives, not just shorten illness. - IIM-A guides schools, academia to fight swine flu - Stop calling it "Swine Flu", says US agriculture secretary - CCMB to set up BSL-3 facility to test swine flu - WHO warns of winter surge of Swine Flu in South East Asia - Swine flu will expose global health inequality: WHO - Japan has flu treatment drugs for 50 million people: govt A single intravenous dose of the experimental drug, peramivir, cleared up flu symptoms as well as five days of Tamiflu pills did, a large study in Asia found. An IV treatment is badly needed because many sick people can"t swallow pills and because illness hinders the body"s ability to absorb oral medicines. Several other studies showed the value of treatment with Tamiflu. In one study of hundreds of people stricken with bird flu around the world, half of those given Tamiflu survived, while nearly 90 per cent of those not given flu medicines died. Other research showed Tamiflu improved survival from regular seasonal flu, too. "There has been an accumulation of evidence over time that the antiviral drugs can save lives," and the new studies confirm that hope, said Nancy Cox, flu chief at the US Centres for Disease Control and Prevention. Results were reported today at an American Society for Microbiology conference in California. It is the first big meeting of infectious disease specialists since the new H1N1 swine flu emerged in April.


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