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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MARKET EYE-India's Idea shares fall after Q3 earnings disappoint

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Wed Jan 30, 2013 10:42am IST 

* Shares in Idea Cellular Ltd shares fall as much as
2.6 percent after the mobile phone carrier posted
weaker-than-expected October-December net profit.
 
* Morgan Stanley says it could lower EBITDA estimates for Idea
in fiscal 2013 by around 4 percent. 
* The investment bank adds Bharti Airtel Ltd could
also miss EBITDA estimates for the October-December quarter.
 
* Shares in Idea Cellular fall 0.5 percent, while Bharti Airtel
shares fall 0.6 percent

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
India Markets
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