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Shyamal Majumdar: New-age brain drain
Shyamal Majumdar / Mumbai October 15, 2009, 0:52 IST

Biocon hums with plans, pitches for global top 3 slot
Biocon was scouting for more strategic alliances and exploring opportunities for outlicensing its biotech drugs under development, as it pitches for a slot among the top three bio-pharmaceutical players across the globe, said Kiran Mazumdar-Shaw, chairman and managing director.

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Banks can stand a bigger slowdown, finds EU stress test
A stress test of the European Union’s biggest banks showed they could withstand an even deeper recession, though with almost 400 billion euros ($581 billion) in losses, according to a report to EU finance chiefs.
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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. - Markets remain subdued - FIIs net buyers Rs 695cr in F&O on Tuesday - Railway stocks up 5-20% - "Challenges are more external than domestic" - Sebi panel for compensating victims of public issue scam - Flour mills to buy wheat from govt through e-auction Credit Suisse (Singapore) bought 308,000 shares of the company through block deal at a price of Rs 230.17 per share on NSE. The company has got good response to the open offer for Great Offshore. Bharati, which already holds 23.9 per cent in the company, will hold 43.19 per cent stake on completion of the offer, making it the biggest shareholder in Great Offshore.


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