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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Exide to raise replacement auto battery prices

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MUMBAI | Fri Feb 8, 2013 1:20pm IST

MUMBAI (Reuters) - Exide Industries Ltd (EXID.NS) will raise prices for replacement auto batteries by 5-6 percent due to rising input costs, a company source with direct knowledge of the matter told Reuters on Friday.

The prices are meant to offset higher lead prices, said the company source.

Shares of Exide Industries were up 3.9 percent at 1:20 p.m.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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