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)

Daiichi Sankyo says it was misled over Ranbaxy U.S. probes

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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Mon Dec 17, 2012 2:58pm IST 

* The BSE index is down 0.33 percent while the NSE
index falls 0.34 percent.   
* Tata Consultancy Services falls 3 percent on caution
ahead of a scheduled meeting between the management and analysts
later in the day amid concerns the software services provider
will deliver a downcast view on the sector. 
* Infosys falls 0.6 percent.
* However, some interest-rate sensitive stocks gain ahead of the
central bank's policy review on Tuesday.
* Although RBI is not expected to ease policy then, traders say
it could cut the cash reserve ratio or sound more dovish on
inflation. 
* Rate-sensitive stocks such as State Bank of India gains 1
percent while the ICICI Bank is up 0.8 percent.
* Tata Motors gains 0.8 percent, up for a third day on
JLR's November sales. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
India Markets
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