India's Supreme Court in April rejected a patent for Novartis AG's cancer drug Glivec, saying it was an amended version of a known molecule called imatinib, setting the precedent for more such cases in the country.
The Hyderabad-based drugmaker said consolidated net profit rose to Rs Rs 361 crore (Rs 3.61 billion) for the fiscal first quarter ended June, from Rs 336 crore (Rs 3.36 billion) a year earlier.
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Global pharmaceutical firms have had a series of patent disputes with Indian makers of generic drugs and several recent Indian rulings have gone against the international giants.
Acquisition to boost its generics business in developed markets.
Claims that no customer data was stolen from it.
Supreme Court will give its verdict on April 1 on whether Swiss giant Novartis AG's cancer treatment drug Glivec deserves a patent in the country not it doesn't.
Since two cases against clinical trials started in SC, govt is overly cautious.
Korean multinational, Samsung said it has decided to focus on tier II and tier III markets in India by introducing customisation in products for the Indian market with an aim of driving 26 per cent of its revenues this year to come from these markets.
La Nina, a weather pattern arising in the Pacific Ocean that causes heavy rain in South Asia, is assuming a neutral condition, senior India Meteorological Department officials have said. This suggests the country will have a near-normal southwest monsoon.
German automobile giant Volkswagen Group has found in John Chacko a natural successor to Joerg Mueller as the new chief representative for India as well as president & managing director, Volkswagen India. The 58-year-old BTech from Indian Institute of Technology-Madras (Class of '73) has been a part of the Volkswagen Group since 1978.
Websites that appeal to every taste and hobby help create virtual hang-outs for the young.
Whoever said only adults can be entrepreneurs? SIES Clinic, founded by two professors, is out to prove them wrong. SIES Clinic encourages children to throw up ideas that can be turned into successful business ventures.
Aditya Verma, Chief Operating Officer, Makaan.com speaks to Business Standard about the findings of its latest survey Pune's real estate market and the way ahead.
Wilfried Aulbur, MD & CEO of Mercedes-Benz India speaks about his plans for India
Pune Open Coffee Club or POCC is a free-form organisation which exists on the web and helps budding entrepreneurs realise their dreams.
This year, the date falls on a Sunday, which is a holiday for most companies. But it has not deterred BPO firms from celebrating in advance.
Things are beginning to look better for the hospitality industry across the country, with an increase in occupancy levels to 10-30 per cent and hotel rates getting closer to the pre-recession ones.
The company estimates its saving from such activities as Rs 17 lakhs (Rs 1.7 million) in 2006-07, rising to Rs 56 lakhs (Rs 5.6 million) in 2007-08 and Rs 82 lakhs (Rs 8.2 million) in 2008-09.
Developed by Pune-based Great Software Laboratory Pvt Ltd (GS Lab), this virtual classroom tool "kPoint" is a concept which is fast catching up in the city.
The same development would benefit the progress of the north-east monsoon, also known as the 'reverse monsoon'.
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