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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A construction supervisor speaks on a mobile phone amid rolls of underground telephone cable pipes on the outskirts of Hyderabad November 29, 2010. REUTERS/Krishnendu Halder

A construction supervisor speaks on a mobile phone amid rolls of underground telephone cable pipes on the outskirts of Hyderabad November 29, 2010.

Credit: Reuters/Krishnendu Halder

MUMBAI | Mon Feb 11, 2013 1:03pm IST

MUMBAI (Reuters) - Mobile phone carrier Reliance Communications Ltd(RLCM.NS) said on Monday that it has awarded an eight-year contract valued at $1 billion to telecommunications equipment maker Ericsson(ERICb.ST) to manage its networks in the northern and western states of India.

Last month, Reliance Communications gave Alcatel-Lucent SA (ALUA.PA) an eight-year contract valued at more than $1 billion to manage its mobile and fixed networks in east and south India.

(Reporting By Aradhana Aravindan; Editing by Prateek Chatterjee)
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