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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Wed Jan 9, 2013 8:58am IST 

* Nifty futures on the Singapore Exchange up 0.06
percent. The MSCI-Asia Pacific index, excluding Japan
 is up 0.35 percent. 
* Asian shares inched up on Wednesday but the upside was limited
as investors waited warily for the corporate earnings season to
kick off in full force, preferring in the meantime to book
profits from a sharp rally at the start of the year.         
* Foreign investors bought 8.87 billion rupees of stocks, while
domestic institutions sold 10.28 billion rupees of stocks on
Tuesday, when India's BSE index rose 0.26 percent.
* Traders say third-quarter earnings would be a key focus in the
near term, but don't expect any material positives. However, any
hint of positive earnings from IT major Infosys on Friday will
set a positive tone for the markets.
* Indusind Bank reports December quarter earnings
later in the day.
India Markets
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