Ripples Advisory, Opening bell: Asian markets open higher, RBI monetary policy today

In other news, the government is planning to overhaul the existing system of fixing drug prices in the country

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Asian markets open with gains

Asian shares bounced on Thursday as investors hoped a full-blown trade war between the world’s two biggest economies can be averted, reports Reuters. Overnight US stocks closed with gains. S&P 500 at 2,644 is up 1.16%.

RBI to keep interest rates on hold

The Reserve Bank of India (RBI) is expected to keep interest rates on hold for the fourth straight meeting but maintain a cautious tone

India to overhaul drug price control system

The government is planning to overhaul the existing system of fixing drug prices in the country. It will be discussed at a meeting on 10 April at the Prime Minister’s Office.

Lupin to restructure domestic business

Lupin Ltd plans to focus on chronic therapies, explore in-licensing opportunities and restructure its domestic business in the year ahead

Torrent Pharma drops plan to buy Sanofi’s Europe business

Torrent Pharmaceuticals has opted out of the bid for Sanofi’s European generic business, which was valued at € 2 billion (Rs160 billion)