Banks across multiple Indian states remained closed on September 5 due to Id-E-Milad and Thiruvonam, as per the RBI holiday calendar. While digital banking services continued uninterrupted, physical branch visits were necessary for certain transactions. Maharashtra, however, shifted the Eid-e-Milad holiday in Mumbai to September 8, 2025, impacting government securities and related markets.
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Jagdeep Dhankhar, the former vice-president, has vacated VP Enclave and temporarily moved to a farmhouse in Chhatarpur owned by INLD chief Abhay Chautala, citing old family ties. The VP Enclave will be prepared for Dhankhar's successor, while the process to identify a retirement home for Dhankhar is underway, involving shortlisting and renovation of a suitable bungalow.
A United States judge has directed the Trump administration to reinstate billions in research funds to Harvard University. The court found the funding cuts were politically motivated. The administration froze the funds, citing concerns about antisemitism. Harvard sued, arguing the move jeopardized vital research. The judge ruled the action violated constitutional rights. The administration plans to appeal.
Gurgaon was paralyzed by torrential rains, revealing both the city's vulnerabilities and its residents' resilience. Commuters faced flooded roads, exorbitant e-rickshaw fares, and abandoned vehicles. Amidst the chaos, stories of kindness emerged, like a Rapido driver's unwavering patience during a seven-hour traffic jam. While many struggled, some found creative solutions, chartering mini-trucks to navigate the flooded streets.
Shikhar Dhawan has been summoned by the Enforcement Directorate (ED) for questioning in connection with an ongoing investigation into an online betting app suspected of money laundering. This action follows similar summons issued to other celebrities, including Suresh Raina and Rana Daggubati, as part of a broader crackdown on illegal betting platforms and their promoters.
Stock market recommendations: SBI Securities' Sudeep Shah suggests CG Power and Syrma SGS Technology as top stock picks for the week starting September 1, 2025. Nifty faces resistance at 24650-24700, while Bank Nifty's key support lies at 53600-53500. CG Power broke out of a falling channel, signaling renewed buying interest.
Shreyas Iyer will captain the 15-member India A squad against Australia A in Lucknow, with Dhruv Jurel as vice-captain. The series starts September 16. KL Rahul and Mohammed Siraj will join the squad for the second match beginning September 23.
The Modi government has announced better-than-expected GST reforms and rate structure rationalisation, with a majority of items consumed by the common man and middle class set to see price cuts from September 22, the start of the Navratras. But will the GST rate cuts be enough to counter the impact of Trump’s 50% tariffs on India?
A devastating magnitude 6 earthquake struck eastern Afghanistan near the Pakistan border on Sunday, resulting in a tragic loss of over 800 lives and leaving approximately 2,500 individuals injured. The powerful tremors caused widespread destruction, leveling numerous villages and buildings in the affected region. Rescue operations are currently underway, with medical teams dispatched from neighbouring provinces and Kabul to provide assistance.
Proposed changes to US student visa rules could limit international student stays to four years, replacing the flexible “duration of status” model. This move is expected to impact Indian students more than their Chinese counterparts, as many Indians depend on post-study work routes such as OPT and H-1B visas. Chinese students often pursue funded PhDs or return home, facing less disruption. The shift may prompt Indian students to consider alternative destinations like the UK, Germany, and... Expand
Accenture CEO Julie Sweet emphasizes that AI reinvention, not just implementation, is crucial for companies to thrive, linking AI investments directly to measurable performance outcomes. She highlights the importance of humility in leadership and dismisses predictions of widespread corporate failures due to AI.