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SC to hear Novartis case next week
The Supreme Court will hear Swiss drug maker Novartis AG"s plea against denial of patent for its blood cancer drug, Glivec, next week.

'Low-cost mobile devices will bridge digital divide'
Gartner, Inc. has evaluated and highlighted technologies that will have an impact on Indian enterprises as they look at increased technology adoption to support growth and competitive differentiation. The Gartner Hype Cycle for ICT in India 2009 is the company’s most comprehensive to date, featuring 31 technologies and topics such as massive array of idle disks (MAID), fibre channel over ethernet (FCoE), video telepresence in India, x86 server virtualisation, and software as a service (SaaS) in India.

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Nigeria expects hike in oil output after peace in Niger Delta
Nigeria, where Indian companies are exploring possibilities of participating in exploration and production of hydrocarbons, expects its oil production could reach 2.506 million barrels per day next year.
Home Business

Markets sideways; Nifty up 22pts

The markets are now exhibiting sideways movement, after initial volatility. The NSE Nifty is now at 4,546, up 22 points. Ambuja Cement, ITC, Cipla and ONGC have shed 1.5-2% each. The Sensex is now at 15,311, up 80 points. The market breadth is fairly positive - out of 2,193 stocks, 1,447 have advanced and 670 have declined so far.


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