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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Tue Feb 12, 2013 10:11am IST 

* The BSE index is up 0.25 percent and the 50-share NSE
index rises 0.16 percent. 
* Shares in India's state-run Oil and Natural Gas Corp 
rose 2 percent a day after its October-December net profit beat
market expectations, while Hindustan Petroleum Corp 
rose 0.6 percent ahead of its October-December results later in
the day.
* Jindal Steel and Power falls 1.4 percent ahead of
its October-December earnings later in the day.
* India will release industrial output data for December around
0530 GMT. According to a Reuters' poll of analysts, the worst is
probably over for flagging Indian factories and  industrial
production could grow an annual 1.1 percent in December. 

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