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Merck acquires Bangalore Genei
German multinational drug major Merck KGaA has acquired Bangalore Genei (India) Pvt Ltd (BGIP), which specialises in new generation proteomic and genomic research technologies, the cutting-edge study of proteins and organisms. Merck, which acquired the company through its wholly-owned Indian subsidiary, Merck Specialities Private, did not disclose the deal’s size.

China's rise has enormous implications for US: Campbell
Obama"s top diplomatic nominee for East Asia said that the rise of China has enormous implications for the United States. And as the Obama Administration plans to engage China on a host of economic and diplomatic issues, human rights and Tibet would continue to remain a subject of concern, he said.

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Bharati Shipyard up 5%
The stock gained 5 per cent to Rs 233, after the foreign institutional investors purchased 1.12 per cent stake in the company from open market for Rs 7.08 crore.
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Sterlite Technologies Q2 net jumps nine-fold to Rs 54.67 cr

IT firm Sterlite Technologies today said its net profit jumped nearly nine-fold to Rs 54.67 crore for the second quarter ended September 30, 2009, over the same period last year. - Sterlite Tech Q2 net jumps nine-fold to Rs 54.67 crore - IT spending to grow 3.3% in 2010: Gartner - Valuing Intellectual Property - 'Not many first-time buyers purchase low-cost PCs' - NIIT Tech net down 12.4% - TCS: Banking boost Net sales declined to Rs 465.83 crore in the latest quarter from Rs 665.56 crore in the same period last fiscal, Sterlite Technologies said in a filing to the Bombay Stock Exchange. "Despite very difficult market conditions faced in recent months, our results are in line with our forecasts. The trend in both telecom and power sectors continue to point towards good growth in terms of volumes for our core products--optical Fibre and Power Conductors," Sterlite Technologies Director Pravin Agarwal said. Shares of Sterlite technologies today closed at Rs 312.95 on the BSE, down 0.90 per cent from its previous close.


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