The Sensex plunged into the red after opening with a gain of 13 points at 7,693.
In comparison, Indian companies received only 23 out of 139 final approvals (16.54 per cent) in the corresponding period in 2006.
A recent court ruling in the US on allowing the declaratory judgment provision in the US patent law has come as a boost to Indian pharmaceutical companies such as Ranbaxy, Dr Reddy's, Sun Pharma and Lupin.
The Andhra Pradesh government has decided to strengthen the police force in the state in view of terror attacks and Maoist violence.
Ranbaxy is understood to have pulled out of the race to acquire German pharmaceutical company Merck's generic business on concerns of over-valuation.
As many as 15 companies across the world have lined up generic variants of Pfizer's Zoloft (Sertaline HCL), for which the exclusive six-month marketing period granted to the successful patent challenger, Teva of Israel, ends on Tuesday.
Not too long ago, authorised generics were used by the big US-based pharmaceutical companies to thwart competition from makers of generic drugs
This will be the largest M&A by an Indian firm, to be complete by January-end.
A war of words between Chandrababu Naidu and YSR Rajasekhar Reddy lead to commotion in the House.
The Apollo Hospital in Hyderabad said it was not aware of any threat being issued to one of its doctors, who treated tennis star Sania Mirza.
The 50-share NSE Nifty after moving between 10,374.30 and 10,307.30 settled flat at 10,348.75, up 6.45 points, or 0.06 per cent.
The district revenue authorities have taken possession of the surrendered lands.
MSR had decided to quit the Ministry owning moral responsibility for the party's defeat at the hands of Telangana Rashtra Samithi president K Chandrasekhar Rao.
Dr Reddy has also cleared a proposal for a centre to provide training and guidance to meritorious minority youth both in civil services and other higher echelons.
Tata Consultancy Services along with Bharti Televentures and National Thermal Power Corp was on Friday adjudged among the best employers in India by leading global human resources management firm Hewitt Associates.
Indian Council of Medical Research Director General Balram Bhargava said the purpose of the COVID vaccine drive would be to break the chain of viral transmission.
Thirty stocks from various sectors form the Sensex.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
On December 4 last year, the stock of the world's largest drugmaker, Pfizer, fell 10.6 per cent, wiping out more than $21 billion in market value in a single day.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
Face NPPA fine for overcharging on anti-asthma drug
While companies continue to face regulatory pressure leading to higher costs, they see an uptick from the launch of differentiated and high-margin products
Better-than-expected financial results in Q3 due to higher revenue growth and margins in key markets fuel the rally
The Sensex closed up 22.50 points or 0.16% at 13,703.33, and the Nifty up 5.40 points or 0.14% at 3950.85.
The markets opened in the positive terrain but slipped and are trading flat as selling was seen in banking and pharma stocks
