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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Weekahead: Markets may extend gains on parliament vote

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Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008. REUTERS/Punit Paranjpe/Files

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Credit: Reuters/Punit Paranjpe/Files

Fri Nov 30, 2012 4:14pm IST

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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