Dr. Reddy's oncology formulation plant in Visakhapatnam has received 13 observations from the USFDA for violation of norms. The stock is now close to its two year low, falling over 4% just today and down 10% since the beginning of the year. The 13 observations in the Form 483 issued by FDA investigations mean multiple violations at the plant of the US Food Drugs & Cosmetics Act. 

After Maruti Suzuki and Toyota, its now Tata Motors and Volkswagen's turn. The two companies have signed an in-principle agreement to explore the possibility of working together, to develop a new range of products. The Tata-Volkswagen alliance has been under negotiation for over a year, and the two companies will look at sharing of components and technologies. 

Stock in spotlight: Yes Bank, which hit a new 52 week high today in stock markets. The stock has been barrelling up since strong quarter results, with 38.7% YoY growth in advances, 63.3% YoY improvement in CASA deposits, and profitability growth at 30.6% YoY. 

Photo of the day: A student gets smeared with colored powder in Kolkata. Dibyangshu Sarkar/AFP/Getty