Following are the important reports carried by leading financial dailies and post market business news:

Business Standard

Ranbaxy staff get pay-cut shield in Sun buyout

The agreement agreed to by Sun Pharmaceutical Industries for a buyout of Ranbaxy Laboratories from Daiichi Sankyo provides for a year's 'cooling period' during which the pay of Ranbaxy employees cannot be lowered, it is learnt. Ranbaxy is said to have also budgeted around Rs 650 million for a retention bonus and identified 70-75 executives to distribute this.

Tata JLR plans factory in US

Tata Motors-owned Jaguar Land Rover (JLR) is working on an ambitious plan to set up a factory in the US, in a first for a British car maker in the world's second-biggest automobile market.

Business Line

SAIL commissions 2 major facilities in Bhilai plant

State-run steel maker SAIL today commissioned two facilities in its Bhilai plant as part of ongoing expansion and modernisation programme.

CBI registers fresh FIR against Jindal Steel

The Central Bureau of Investigation on Sunday filed an FIR (first Information Report) against Jindal Steel and Power (JSPL) in the coal block allocation case.

NLC pays Rs 4.23 bn dividend

Neyveli Lignite Corporation (NLC) has given the Government a final dividend of Rs 2.72 billion (18%) for 2013-14. Taking into account the interim dividend of Rs 1.51 billion paid during March 2014, the total dividend paid to the Government for the year 2013-14 works out to Rs 4.23 billion, says a company release.