Glenmark settles row with Glaxo as its gets IPO nod from SEBI

Glenmark settles row with Glaxo as its gets IPO nod from SEBIThe row between Glenmark Pharmaceuticals Ltd. and GlaxoSmithKline (GSK) has come to a resolve, a statement said on Monday. The conflict which was covering patent actions regarding the usage of GSK's Malarone, malaria treatment tablets, finally came to an end with the settlement of the litigations.

Malarone is a generic version from GSK and it had filed a suit against Glenmark.

“Clash of the Titans” remains on top

“Clash of the Titans” remains on topThe Titans had not much to fight with as they continued to be on the top for two consecutive weeks. And it was not only in the US market alone that the movie was able to pull the crowds but also in the foreign markets as well.

As per the latest data available, the 3-D mythological epic was able to earn $54 million in the second week. This makes the total collection reach $119.2 million. Out of this 65 per cent of the income came from the 3D theaters.

Monday morning saw a modest climb in Oil prices

Monday morning saw a modest climb in Oil pricesAfter European leaders offered concrete terms on loans to Greece, Crude oil for May delivery climbed above $85 a barrel in New York Monday.

Greece was offered $40 billion in loans by finance ministers of the 16-nation eurozone, which are likely to be backed up by $20 billion in loans from the International Monetary Fund.

Silvio Peruzzo, an economist at the Royal Bank of Scotland told The New York Times that the concrete numbers were just the kind of clarification investors were looking for.

Toyota may be fined by Transportation Dept. again

Toyota may be fined by Transportation Dept. againIt was considering fining Japanese automaker Toyota a second time over its massive recalls, the National Highway Traffic Safety Administration said.

The New York Times reported on Monday that the agency issued the warning in a letter sent late last week.

Toyota was "safety deaf," as the NHTSA, the department's regulatory agency for U. S. roadways, levied a $16.4 million fine on the company, the largest ever levied on an automaker, Transportation Secretary Ray LaHood said last week.

In an effort to repair bilateral relations, Turkish officials to meet Armenian delegation

In an effort to repair bilateral relations, Turkish officials to meet Armenian delegationIt has been reported that Turkish officials are to meet in Washington with an Armenian delegation in an effort to repair bilateral relations.

It was also reported that Turkish Prime Minister Recep Tayyip Erdogan is to meet his Armenian counterpart Serzh Sargsyan on the sidelines of a nuclear conference in Washington.

If taken off from Washington hit list, Cleric will end anti-U.S. rants; assures father

If taken off from Washington hit list, Cleric will end anti-U.S. rants; assures fatherHis father has said in Sanaa that Yemeni cleric Anwar al-Awlaki will end his anti-American rhetoric if taken off a Washington hit list.

It was said by Washington last week that it was targeting Yemeni cleric and U. S. citizen Anwar al-Awlaki in part for his role as an ideologue for al-Qaida.

The rhetoric against the United States would stop if Washington took his son off its hit list, Nassar al-Awlaki, his father, told al-Jazeera Monday.

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