-The Economic Times Japanese companies do not mind erring on the side of caution. They are known to think longer and harder than their counterparts in other countries about big decisions, especially when it comes to entering a new market or acquiring a foreign company. But Japan's third biggest drugmaker Daiichi Sankyo would now wish it had spent more time doing due diligence on Ranbaxy Labs, in which it bought a...

-The Business Standard Why have Indian authorities woken up to the Ranbaxy case only now? The matter had been simmering for several years The Ranbaxy affair is one of the darkest chapters of India's business history. The company has admitted it fudged data so that it could launch its products in the United States. It has now paid $500 million as a penalty to settle the case. It is worse than Ramalinga...

-The Hindu Ranbaxy, one of India's largest pharmaceutical companies, has agreed to pay $500 million fines levied by U.S. authorities for selling adulterated drugs and lying to federal regulators in a case that is part of an ongoing crackdown on the quality of generic drugs flowing into the U.S. The deal struck on Monday, said to be the largest financial penalty against a generic drug company for violations of FDA standards, came...

Elsewhere, people may be obsessed with the Commonwealth Games, but games of a different kind are being played in UP villages these days. Panchayat elections in UP are round the corner and these are being fought with an intensity not seen before. The poll are still three days away and at least eight persons have lost their lives in the last 15 days in the polls-related violence. Hoardings dot countryside; feasts...

More than a million people settled along the Kosi river in the Indian state of Bihar live an uncertain and nomadic life in "floating villages" because of frequent flooding. Whenever Babuji Sah walks towards his village, Birbar, he says he feels like an ageing camel struggling to find his new address in the sand-filled desert. That is because Birbar is forced to move location every three to four years. The pathways...