Drug Safety Settlement
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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Weekahead: Markets may extend gains on parliament vote
Reuters - Indian markets will closely track the vote on foreign direct investment in multi-brand retail in the parliament and manufacturing PMI for November next week.
The ruling Congress party-led alliance is expected to muster a majority in the lower house, but faces a tougher challenge in the upper house of the parliament.
Dealers say stocks may extend gains after a brief consolidation if the vote goes in favour of the government.
The Manufacturing PMI for November is also a key data to watch in the context of rising rate-cut expectations ahead of the RBI policy review on December 18.
KEY FACTORS/EVENTS TO WATCH:
Monday - India Manufacturing PMI for November
Wednesday: India Services PMI for November
Reserve Money data
Thursday - RBI board meet in Kolkata, likely followed by press briefing
Three-day International tax conference begins in Mumbai
Friday - RBI to release forex, bank lending data
Saturday - RBI Governor Duvvuri Subbarao and PM's Economic Advisory Council Chairman C. Rangarajan at IGIDR event in Mumbai
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