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Banks to conduct special clearing operations for closure of govt accounts on Mar 31: RBI

by AIP Online Bureau | Mar 28, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  Mumbai: Banks will conduct special clearing operations for the annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said. The Reserve Bank has issued directions to the banks for smooth clearing...

India a potential market for Panamera sedan: Porsche

by AIP Online Bureau | Mar 28, 2021 | Eco/Invest/Demography, Facts

  Mumbai: Luxury sports car maker Porsche has said India is a potential market for its recently-launched new-generation Panamera sedan even as its focus will remain on all models across segments. Porsche India also said the launch of the new-format showrooms in...

Fire breaks out in govt hospital in Kanpur; no casualty

by AIP Online Bureau | Mar 28, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  Kanpur: Afire broke out at the cardiology department of a state-run hospital here on Sunday, the Uttar Pradesh government said. No casualties were reported till the filing of the report. Chief Minister Yogi Adityanath has taken cognisance of the incident and...

IPO gold rush: Buoyed by global liquidity, firms lap up Rs 31k cr in FY21

by AIP Online Bureau | Mar 28, 2021 | Eco/Invest/Demography, Indian News

Mumbai: Global liquidity and bull run in domestic equity market helped Indian companies raise over Rs 31,000 crore through initial share-sale in the ongoing fiscal year and the IPO pipeline remains strong for 2021-22 too, experts said on Sunday. This also marks the...

Amid Covid surge, RBI to opt for status quo in monetary policy: Experts

by AIP Online Bureau | Mar 28, 2021 | Eco/Invest/Demography, Indian News, Policy

Mumbai; Amid uncertainty created by surge in coronavirus cases, the Reserve Bank of India (RBI) is likely to maintain status quo at its next monetary policy review and wait for some more time before taking any action to spur growth. The RBI is slated to announce its...
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