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IT industry to return to growth in'10
The IT industry is exiting its worst year ever as global IT spending is all set to decline 5.2 per cent, according to Gartner, Inc, an information technology research and advisory company. However, the IT industry will return to growth in 2010 with IT spending forecast to total $3.3 trillion, a 3.3 per cent increase from 2009. generic levitra

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Sanofi bags order from US for supplying swine flu vaccine
Sanofi Pasteur, the vaccine division of Sanofi-Aventis Group on Monday said it has received order from the US Department of Health and Human Services (HHS) to supply antigen for 27.3 million doses of Influenza A (H1N1) 2009 monovalent vaccine for swine flu.

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Bharati Shipyard expects Sebi nod for open offer soon
On a takeover battle with ABG Shipyard for acquiring control of Great Offshore, Bharati Shipyard said that it was expecting the Sebi approval for the open offer soon.
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Sebi holds hearing on IPO scam

The Securities and Exchange Board of India (Sebi) had a hearing today on the controversial issue of the role of the National Securities Depository Ltd (NSDL) in the IPO scam of 2005. - MCA asks Sebi to provide details of RIL probe - "2009 was a good year, next will be brighter" - "Our profits will go up with diversification" - Govt to take Sebi on RIL share issue "seriously": Khurshid - 2009: Good for investors, tough on MFs - Monetary policy has limited role: Govt Details of the hearing could not be ascertained. Last month, Sebi had dismissed the recommendations made by a committee in two of three matters filed on the subject. The committee looked into NSDL’s role in the scam. It was set up after C B Bhave became Sebi chairman and then recused himself from hearing the three cases, as he had headed NSDL earlier. In the IPO scam, the committee had rapped both Sebi and NSDL. The scam, unearthed in April 2006, involved depositories, including NSDL, despository participants and market operators, who allegedly helped some entities use 59,000 fictitious demat accounts to get shares meant for small investors.


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