Drug maker Wyeth Ltd announced that its net gain in the last quarter increased 18.52% over the corresponding period, last year.

Vijay Mallya’s UB Group is in last stages of discussions for selling up to 14.9% risk in group company United Spirits Ltd (USL) to Diageo, the international drinks head.

The BSE Sensex was high with 206.84 points.

At present, Tata Steel trades at Rs.172.40, which is high by 6.05 points from its earlier ending of Rs.166.35 on the Sensex.

Cello Pens, Pen and stationery producer declared that it has sold 40% share to BIC for Rs.800 crore.

GAIL India, Government-led gas transmission entity has bagged the Supreme Court’s consent to set up a pipeline for carrying natural gas to a power project that will provide power for the Commonwealth Games in Delhi that are supposed to take place next year.

Reserve Bank of India’s Credit Policy is in focus today. Reportedly, the street is divided on a rate reduction even as the Macro Economic Report confesses to gruffly lower inflation and development due to more intense than likely international slump.

Maytas Infra has come forward with the lowest bid for the building rights of Bhutan’s Dagachu Hydropower Plant.

At present, Satyam Computer Services trades at Rs.46 high by 7.15 points from its earlier ending of Rs.38.85 on the Sensex.

The Sensex was high by 172.79 points.