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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Wed Feb 20, 2013 1:39pm IST 

* Steel Authority of India shares gained over 5
percent after CNBC-TV18 newschannel quoting finance ministry
sources said the SAIL board will consider a buy-back of equity
shares on Feb. 25, several dealers said.
* The news channel also said the buyback was likely around 85-90
rupees a share.
* A SAIL spokeswoman declined to comment immediately.
* SAIL shares up 1.7 percent at 79.80 rupees at 0805GMT. 

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