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Sensex ends up 153pts
After an initial slide, the Sensex turned volatile on the back of mixed cues from the Asian markets. The index gained strength and touched a high of 16,910 - up 243 points from the day"s low of 16,667.

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Markets down in early trades
The Sensex opened weak this morning following subdued cues from its Asian peers. The Sensex opened at 16,827 and is now down 61 points at 16,798.

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As molecule deals fall, pharma firms see cure in late licensing
Indian companies engaged in discovery of new drugs have twisted the model as many molecules licensed to foreign collaborators failed to reach the market. This so-called outlicensing strategy has been revised and the domestic companies are conducting a larger part of the initial trials themselves, choosing to license out the molecules much later than they used to.
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Provogue India to buy back shares worth Rs 50 cr

Garments maker Provogue India today said it will buy back shares worth Rs 50 crore from its shareholders through open market route. - Sensex dips below 15K - Airlines stocks in red on ATF price hike - Markets extend losses - MIC Electronics to raise Rs 218 cr via warrants, GDRs - Reliance tops combined value chart - Elantas Beck soars on delisting move "The directors have approved to repurchase 50 lakh shares at Rs 100 a piece, aggregating to Rs 50 crore," Provogue India said in a filing to the Bombay Stock Exchange. The buy-back is subject to necessary regulatory approvals, the filing added. Shares of Provogue India were trading at Rs 66.50 on the BSE, up 1.99 per cent from previous close.


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