Bank holiday today: Banks will be closed in Mumbai on Monday, September 8, 2025, to commemorate Eid-e-Milad, according to the Reserve Bank of India’s region-wise holiday calendar. The banks in the rest of the country will remain open on Monday, September 8, 2025. Eid-e-Milad bank holiday The RBI notified on September 4 that the listed…
Alongside, equity issuances took off in FY25, with non-financial companies raising ₹3.8 trillion, against ₹1.4 trillion in FY24. While domestic non-bank sources saw 35% growth, foreign sources of funding witnessed 33.5% growth in FY25. That apart, corporate bond issuances by non-financial companies rose 18% to ₹1.9 trillion in FY25. However, overall money raised by companies…
At its latest meeting, the GST Council decided to bring local delivery services offered through e-commerce platforms under the GST net, with a tax rate of 18%. If the delivery partner is unregistered, the responsibility for paying the tax shifts to the platform itself under the reverse charge mechanism, ensuring GST is collected at the…
Shaktikanta Das, the former Reserve Bank of India (RBI) governor, took the stage to address the gathering. Just weeks ago, the banking regulator had released tighter norms for digital lenders following complaints that lending apps were charging usurious interest rates, pursuing aggressive recovery practices, and committing fraud and breach of data privacy. The air at…
Air India, which has cut many of its flights following the deadly crash at Ahmedabad in June, is unlikely to get to its full schedule starting this winter. This comes within weeks of Campbell Wilson, its CEO, talking about full restoration of its international schedule from October 01, 2025 while sending out an email to…
Price hikes by leading platforms, as has recently been the case with players like Amazon Prime Video, could encourage a shift among premium users towards higher-tier plans offering ad-free experiences, 4K quality, and multi-device usage. However, these upgrades appeal mainly to urban households and tech-savvy viewers seeking elevated viewing conditions. For a large portion of…
With the festival season expected to bring in larger returns than the rest of the year, as is often the case, could 2025 end on a high note for Bollywood? Mint explains: Why is the festival season crucial for the box office? The festive season, especially from October to December, is regarded as the key…
The Maharashtra government announced on Thursday that it has shifted the public holiday on account of Eid-e-Milad in Mumbai city and suburban districts to September 8. The holiday, which was originally declared for Friday, September 5, 2025, will now be observed on Monday, September 8, 2025. Shortly after this announcement, the Reserve Bank of India…
Bank holidays this week, September 8-14, 2025: The Reserve Bank of India (RBI ) has declared several holidays in the month of September 2025. Banks across a few Indian cities will remain shut in the upcoming week due to festivals and observances. People who are planning any important activities related to banking transactions or other…
BANGALORE/MUMBAI : The recent cut in goods and services tax (GST) rates on several consumer items is expected to block the working capital for stockists, distributors and retailers holding inventory for a short period, experts said. This is because such firms would have paid GST to their suppliers at a higher rate under the older…