Bank Holidays 2025: Are banks open or closed on May 1? Details
The trend indicates increased public interest and interest in the Indian bank closures on Maharashtra Day 2025.BANK HOLIDAYS 2025: MAY 1 – MAHARASHTRA DAYMaharashtra Din, or Maharashtra Day, is celebrated every year on May 1 to commemorate the creation of the individual state of Maharashtra from the Bombay division's bifurcation on May 1, 1960.BANK HOLIDAY TODAY, MAY 1: CHECK WHERE BANKS ARE CLOSEDBanks will remain closed in the following Indian cities on Thursday, May 1, 2025, as per the RBI Holiday Calendar 2025:BelapurBengaluruChennaiGuwahatiHyderabad – Andhra PradeshHyderabad – TelanganaImphalKochiKolkataMumbaiNagpurPanajiPatnaThiruvananthapuramHowever, physical branches of banks could be closed, but online banking will continue to work, and clients can use net banking, mobile banking, and UPI facilities without any disconnection.advertisement
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The Hindu
9 minutes ago
- The Hindu
Telangana's next-gen Life Sciences policy to help attract large scale investments
Industries and IT Minister Babu on Wednesday said the next-gen Life Sciences policy that the Telangana government plans to soon unveil will be instrumental in attracting large scale investments. It will be a cutting-edge framework designed to attract large scale investments,' he said, adding that the State is pursuing an ambitious target to scale up its life sciences economy to $250 billion by 2030 and make Telangana the life sciences capital of Asia. The State's life sciences ecosystem is valued at $80 billion and it is the only region in the world to host more than 250 U.S. Food and Drug Administration (USFDA)-approved sites. Telangana is home to over 2,000 companies operating in the Life Sciences domain, Babu said, chairing the 6th board meeting of Telangana Life Sciences Foundation here. ₹54,000 cr. investment The life sciences sector in Telangana has witnessed remarkable growth under the leadership of Chief Minister Reddy. Since December 2023, the State has attracted investments worth ₹54,000 crore in the sector, in the process positioning Hyderabad as a global leader in life sciences. The investments have been across pharmaceuticals, biotechnology, cell and gene therapy, medical devices, vaccines and digital health. Hyderabad now ranks among the world's top seven life sciences clusters and it is the only Indian city to achieve this distinction. Global giants such as Eli Lilly, Amgen, MSD, Zoetis, Evernorth and Olympus have chosen Hyderabad as their preferred hub, he said. The progress made in the last year reflects our strategic commitment to creating a future-ready, knowledge-driven ecosystem. Two lakh jobs Robust policy support, industry-friendly infrastructure and strategic partnerships are factors behind attracting the investments that will result in potential employment generation of more than 2 lakh jobs by companies in areas such as sterile injectables, biosimilars, biologics, AI/ML and advanced healthcare services. The Minister also proposed preparing a feasibility report for establishing the Telangana School of Life Sciences. Board members of the foundation, including Dr. Reddy's Laboratories chairman Satish Reddy, Laurus Labs CEO Satyanarayana Chava, Special Chief Secretary Sanjay Kumar, Telangana Industrial Infrastructure Corporation vice-chairman and managing director and Telangana Lifesciences CEO Shakthi M. Nagappan participated in the meeting, the Minister's office said in a release.
Economic Times
9 minutes ago
- Economic Times
JeM uses E-wallets to bypass FATF, mini camps to evade Indian military strikes
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Economic Times
12 minutes ago
- Economic Times
Russian oil continues to flow to India: First Deputy PM Denis Manturo
Synopsis Russia aims to increase LNG exports to India, continuing fuel shipments including oil, coal, and oil products. Trade between the two nations is increasingly conducted in their national currencies, exceeding 90%. Both countries are set to enhance cooperation in the banking and insurance sectors, and also in the peaceful nuclear sector, building on the Kudankulam NPP project. iStock Russian oil and energy resources continue to flow to India as Moscow sees potential for LNG exports, Russia's First Deputy Prime Minister Denis Manturo said on Wednesday. "We continue to ship fuel, including crude oil and oil products, thermal and coking coal. We see potential for exporting Russian LNG," Manturov said, co-chairing the 26th session of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific-Technological and Cultural Cooperation (IRIGC-TEC). From the Indian side, the commission was co-chaired by External Affairs Minister S Jaishankar, who arrived here on Tuesday on a three-day visit. "We expect to expand comprehensive cooperation in the peaceful nuclear sector, including on the basis of the successful experience of the Kudankulam NPP construction project," the Russian leader said. Manturov noted that trade between Russia and India in national currencies has exceeded 90 per cent. "An equally important task, especially in the current realities, is to ensure seamless mutual settlements. We have already managed to transfer more than 90 per cent of payments between Russia and India to national currencies," Manturov said. India and Russia will continue to develop cooperation in the banking sector to further strengthen interbank cooperation and interaction in the insurance sector, he added. After the meeting, Jaishankar in a social media post said, "We had detailed discussions on our cooperation in a wide-ranging arena including trade & economic sector, agriculture, energy, industries, skilling, mobility, education and culture." "As we prepare for the Annual Leaders Summit, confident that the outcomes of the IRIGC-TEC meeting today will further drive the time-tested India-Russia partnership," he added. Jaishankar and Manturov signed the protocol of the IRIGC-TEC sessions; details of which would be released later by the governments in New Delhi and Moscow. Earlier, Jaishankar laid wreaths at the Tomb of Unknown Soldier at the Kremlin Wall to pay homage to Soviet people who died in World War II. He also met with experts of top Russian think-tanks to explain recent developments in India's foreign policy. Before leaving for home on Thursday, he will meet his Russian counterpart Sergei Lavrov to discuss current issues amid the global turmoil and Trump administration's sanctions on India. Lavrov and Jaishankar will also set the agenda for President Vladimir Putin and Prime Minister Narendra Modi's meeting on the sidelines of the Shanghai Cooperation Summit in China from August 31 to September 1. The relations between New Delhi and Washington are on a downturn after US President Donald Trump doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duties for India's purchase of Russian crude oil that will come into effect from August 27.
