Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

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Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy.  Full Article 

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Cabinet approves Boeing Dreamliner delivery

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787 Dreamliners, including an airplane for Air India (R), are seen on the production line at the Boeing Commercial Airplane manufacturing facility in Everett, Washington February 14, 2011. REUTERS/Anthony Bolante/Files

787 Dreamliners, including an airplane for Air India (R), are seen on the production line at the Boeing Commercial Airplane manufacturing facility in Everett, Washington February 14, 2011.

Credit: Reuters/Anthony Bolante/Files

Fri Aug 3, 2012 8:20pm IST

REUTERS - The cabinet on Friday gave a formal go-ahead to state-run Air India to start taking deliveries of 27 Boeing (BA.N) Dreamliners, a government statement said.

The government has not yet approved a compensation package agreed between Boeing and Air India and a group of government officials will take a call on the matter at a later date, the statement said.

Deliveries of the 787 Dreamliners are caught up in a dispute between the U.S. planemaker and India over compensation to the carrier, after production of the planes was delayed by four years.

(Reporting by C. K. Nayak in NEW DELHI; Editing by Mark Potter)
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