Mumbai: Ranbaxy Laboratories Ltd shares were down over 1 per cent in early trade on Tuesday after the generic drugmaker pleaded guilty to US felony charges related to drug safety and will pay $500 million in civil and criminal fines.
The settlement is its largest-ever with a generic drugmaker over drug safety, according to the US government.
Ranbaxy USA pleaded guilty to three felony counts related to the manufacture of drugs at two Indian locations that did not meet safety standards and to four counts of making material false statements.
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10:13 AM, May 14, 2013
Former Italian prime minister Silvio Berlusconi on Tuesday hit out at a panel of three "feminist and communist" female judges for ruling that he owed his estranged wife 200,000 euros per day as part of a divorce settlement. On December 28, the newspaper Corriere della Sera said the divorce ruling had been deposited just before Christmas, and that Berlusconi had been ordered to pay Veronica Lario, whom he married in...
11:45 AM, Jan 09, 2013
Former Italian Prime Minister Silvio Berlusconi has agreed to pay his estranged wife Veronica Lario 100,000 euros a day as part of a divorce settlement, the daily Corriere della Sera said on Friday. The newspaper said the 36 million-euro-a-year settlement, reached after three years of negotiations, was filed with a court in Milan around Christmas. ...
11:30 PM, Dec 28, 2012
San Jose: Apple Inc is claiming that more than a quarter of Samsung Electronics' $30.4 billion in US smartphone and tablet sales result from copying of the iPhone and iPad or infringe on other patents, a damages expert for the US company said on Monday. The Silicon Valley company is demanding up to $2.75 billion of damages from its Korean rival, which includes lost profits. The Korean company sold more...
02:54 AM, Aug 14, 2012
New York: The Federal Trade Commission voted to finalise its settlement with Facebook, resolving charges that the social network exposed details about users' lives without getting the required legal consent. Facebook Inc. agreed to submit to government audits of its privacy practices every other year for the next two decades. The company also committed to getting explicit approval from users before changing the types of content it makes public. The...
11:04 AM, Aug 11, 2012
Finance Ministry sources have said that Vodafone has indicated interest to settle the Rs 11,000 crore tax dispute. ...
09:26 AM, Aug 02, 2012
New York: Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, announced late Friday, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card. The pact, which is being...
07:38 AM, Jul 14, 2012
Washington: GlaxoSmithKline Plc agreed to plead guilty to misdemeanor criminal charges and pay $3 billion to settle what government officials on Monday described as the largest case of healthcare fraud in US history. The agreement, which still needs court approval, would resolve allegations that the British drugmaker broke US laws in the marketing and development of pharmaceuticals. GSK targeted the antidepressant Paxil to patients under age 18 when it was...
09:54 AM, Jul 03, 2012
London: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements (BIS) warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due to the increased weight of emerging markets in the world economy and in investment portfolios, the BIS said in its annual report. It urged central...
11:20 PM, Jun 24, 2012
California: Yahoo Inc and Facebook Inc believe settlement talks in a high profile patent lawsuit would be helped if a US judge pushed back certain deadlines in the case, according to a court filing on Tuesday. Yahoo sued Facebook earlier this year, claiming the social networking company infringed 10 of Yahoo's patents, including several that cover online advertising technology. In its lawsuit, Yahoo said Facebook was considered "one of the...
12:00 PM, Jun 21, 2012
London: NASA's road map for reaching Mars may be in flux, but a private Dutch space firm has announced it wants to colonize Mars and plans to send four astronauts to the Red Planet to start operations by 2022. MarsOne, founded by a Dutch energy entrepreneur, claimed that a new crew of four will join every two years as the explorers build their settlement, and that by 2033 there will...
11:11 AM, Jun 05, 2012
Loop Telecom moved the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) on Tuesday for compensation for its cancelled 2G licence. ...
07:22 PM, May 29, 2012
New Delhi: A CBI special court has decided to frame charges against 10 accused, including ex-officials of the Municipal Corporation of Delhi (MCD), for alleged lapses in the allotment of plots as part of the resettlement of slum dwellers. The accused were allegedly involved in allotment of plots in fictitious names under the scheme executed by the Slum and Jhuggi Jhopri Department. Central Bureau of Investigation (CBI) Special Judge Anoop...
08:59 AM, May 06, 2012
San Francisco: Apple Inc and Samsung Electronics Co Ltd agreed that their chief executives would participate in settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing. Apple sued Samsung in the United States last year, saying the South Korean company's Galaxy line of mobile phones and tablets "slavishly" copies the iPhone and iPad. Samsung then countersued Apple. In a court...
08:53 AM, Apr 18, 2012
London: Britain's deputy prime minister accused Israel today of carrying out "deliberate vandalism" by continuing to build settlements on land the Palestinians hope will form part of a future state. In an escalation of Britain's previous condemnations of Israeli construction, Nick Clegg warned that continued settlement building is jeopardising prospects for a peace deal. "Once you've placed physical facts on the ground that makes it impossible to deliver something that...
08:57 AM, Jan 17, 2012
San Francisco: Facebook is finalising a settlement with federal regulators over changes to its privacy policies enacted two years ago, the Wall Street Journal reported. The proposed settlement with the US Federal Trade Commission would resolve charges by privacy advocates that Facebook engaged in deceptive behavior. The settlement, which is awaiting final approval by commissioners, would require Facebook to obtain consent from its users for "material retroactive changes," according to...
08:36 AM, Nov 11, 2011
United Nations: UN Secretary General Ban Ki moon criticised Israel on Friday over reports that it plans to build 2,600 more housing units in East Jerusalem, saying further settlement activity was 'unacceptable'. "The Secretary General is deeply concerned at continued efforts to advance planning for new Israeli settlements in occupied East Jerusalem," Ban's press office said in a statement. "Recent developments in this regard have been unacceptable, particularly as efforts...
11:50 AM, Oct 15, 2011
New Delhi: The International Hockey Federation (FIH) on Friday dealt a major blow to Sports Ministry's effort of reconciliation between Hockey India and Indian Hockey Federation by rejecting the interim "working relationship" between the two warring bodies. The FIH said that it was "surprised and disappointed" to learn about the temporary arrangement and threatened to take away the hosting rights of men's Champions Trophy (in December) and next year's Olympic...
08:16 PM, Jul 29, 2011
New Delhi: The Land Acquisition Pre-settlement and Rehabilitation Bill 2011 suggests that under no circumstances should multi-cropped, irrigated land be acquired. The government put the Land Acquisition Pre-settlement and Rehabilitation Bill 2011 in public domain on Friday. The draft bill is now available on the Press Information Bureau website. The draft bill also says that the government can acquire land only for public purpose and that the land acquired for...
04:27 PM, Jul 29, 2011
New York: Facebook Inc won a dismissal of a second lawsuit by the Olympic rowing twins Cameron and Tyler Winklevoss seeking to boost their $ 65 million settlement with the company and its founder, Mark Zuckerberg. US District Judge Douglas Woodlock in Boston dismissed litigation over the accord, three months after a federal appeals court in San Francisco turned aside a related lawsuit. The 2008 settlement was intended to resolve...
01:03 PM, Jul 23, 2011
