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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Mon Feb 18, 2013 8:48am IST 

* Nifty futures on the Singapore Exchange was up 0.05
percent. The MSCI-Asia Pacific index excluding Japan
 was down 0.2 percent. 
* Japanese shares rallied and the yen fell on Monday after Tokyo
escaped direct criticism from its G20 peers on its aggressive
reflationary plans that have weakened the currency.
 
* Foreign investors bought 2.47 billion rupees of stocks, while
domestic institutions sold 2.45 billion rupees of stocks on
Friday, when the BSE index fell 0.15 percent.
* India's three state-run fuel retailers- Indian Oil Corp
, Bharat Petroleum Corp and Hindustan
Petroleum Corp increased prices of petrol by 1.50
rupees per litre excluding local taxes, and diesel by 0.50
rupees per litre from Saturday. 

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