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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Fri Feb 1, 2013 8:35am IST 

* Nifty futures on the Singapore Exchange are down 0.1
percent. The MSCI-Asia Pacific index excluding Japan
 falls 0.07 percent.   
* Asian shares wipe earlier gains on Friday as a tepid Chinese
manufacturing report dents sentiment, leaving investors on
tenterhooks ahead of U.S. nonfarm payroll data due at 1330 GMT.
        
* Earnings on Friday: Bharti Airtel, Jet Airways
, Bharat Heavy Electricals Ltd and IDFC Ltd
. 
* India will launch a 10 percent stake sale in state-run Oil
India Ltd on Friday that could raise up to $550
million, as part of the government's divestment programme.
 

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