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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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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Wagon makers fall; rail budget seen lacking spark

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A bicycle hangs from the window of a train at Parsha Bazar railway station in Bihar October 27, 2012. REUTERS/Navesh Chitrakar

A bicycle hangs from the window of a train at Parsha Bazar railway station in Bihar October 27, 2012.

Credit: Reuters/Navesh Chitrakar

Tue Feb 26, 2013 3:55pm IST

Reuters Market Eye - Shares of wagon manufacturers extend falls after the 2013/14 railway budget unveiled by the government was seen as lacking big announcements or projects.

Texmaco Rail and Engineering Ltd (TEXA.NS) falls 1.84 percent, while Titagarh Wagons Ltd (TITW.NS) ended down 8.3 percent.

Kalindee Rail Nirman Engineers Ltd (KALI.NS) slumps 11.2 percent, while BEML Ltd (BEML.NS) lost 3 percent. Stone India ended down 16.2 percent in trade.

(Reporting by Abhishek Vishnoi)
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