Bank holiday: Are banks in India open or closed today, July 7?
However, uncertainty over whether Ashura falls on July 6 or July 7 this year has caused confusion, leading many to wonder if banks in India are closed today, July 7.
Are banks closed today
According to the official website of RBI, banks across India will remain open today, July 7 as no holiday is scheduled. Earlier a bank holiday was observed on July 5 on the account of Guru Hargobind Ji's birthday.
Stock market holiday today?
Apart from banks, the Indian stock market (BSE & NSE) will be open today, Monday, July 7, 2025.
What is Ashura ?
Marking the tenth day of the month of Muharram, Ashura is commemorated as the day when Prophet Moses and the Children of Israel were saved from Pharaoh's tyranny. For Shia Muslims, this day is a reminder of the martyrdom of Imam Hussein, the grandson of Prophet Muhammad. On Ashura, a fast is observed as a way of showing gratitude to Allah.
Is Ashura on July 6 or July 7 ?
This year since the crescent moon was observed on June 26 and the Muharram began on June 27, the tenth day fell on July 6. So Ashura was observed on July 6.
Upcoming bank holidays
A total of seven bank holidays have been scheduled for the month of July by RBI. While two holidays have passed, the next bank holiday will fall on July 14 on the account of BeH Deinkhlam. Upcoming bank holidays include:
July 14, 2025- Beh Deinkhlam ( in Shillong)
July 16, 2025- Harela (in Dehradun)
July 17, 2025- Death anniversary of U Tirot Singh (in Shillong)
July, 19, 2025- Ker Puja (in Agartala)
July, 28, 2025- Drukpa Tse-zi ( in Gangtok)
Other than these days, banks are closed on every second and fourth Saturdays of the month
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
15 minutes ago
- Mint
90-day pause on Trump tariffs set to expire soon. Can renewed trade barriers complicate US Fed's rate cut path?
US Fed Rate Cut: US President Donald Trump's tariff policies have added a layer of complexity to the Federal Reserve's rate-cut deliberations, as the US central bank remains concerned about potential inflationary fallout from higher tariffs. Now, ahead of the expiry of the 90-day pause on tariffs this week on July 9, Trump said on Sunday that the US is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9. Trump in April announced a 10% base tariff on most countries and higher "reciprocal" rates of up to 50%. Trump also threatened an extra 10% tariff on countries aligning themselves with what he called the anti-American policies of the BRICS group of developing nations. While no substantial trade deals are in place yet, the concerns for the economy continue to linger, further impacting the US Fed's rate cut decision. The US Fed Chief Jerome Powell has already communicated that the central bank will 'wait and learn more' about how these tariffs are filtering into higher inflation before they start to focus on interest rates. Other Fed officials also say that the unclear trade policy and the chance that adding or bringing back higher fees could push prices up again means they will be careful and rely on data before cutting rates. Pranay Aggarwal, Director and CEO of Stoxkart said the approaching expiry of the 90-day pause on Trump-era tariffs could reignite trade tensions, especially between major economies like the US and China. "If renewed trade barriers are introduced, we may see a ripple effect on global inflation, supply chains, and investor sentiment. For the US Federal Reserve, this adds another layer of complexity; rising trade-related inflationary pressures could delay or limit the scope of planned rate cuts, as the Fed continues to balance between cooling inflation and supporting growth," Aggarwal added. Palka Arora Chopra, Director, Master Capital Services believes the reimposition of trade barriers by the US, and may further postpone any rate cuts. Delayed rate cuts also don't bode well for emerging markets (EMs) like India, as higher US interest rates curb FII inflows into EMs. In the last policy meeting, the US Fed along expected lines kept the rates unchanged at 4.25-4.5%, while the Fed's dot plot continued to signal two rate cuts for 2025. The dot plot is a chart published by the US Fed that shows the FOMC's future path on interest rates. Last week, data showed US job growth was unexpectedly solid in June, further easing pressure for the Fed to cut rates. Minutes from the US Fed's last meeting due later this week could shed more light on the US central bank's rate cut path. Indian stock market has traded on a backfoot ahead of the tariff pause deadline. On Monday, July 4, both BSE Sensex and NSE Nifty ended with small cuts as investors continued to stay on the sidelines. Analysts believe From an Indian market perspective, such developments often translate into increased volatility. "Additionally, any global uncertainty tends to impact foreign institutional investor (FII) flows, which are a key driver of Indian equity markets. While India remains structurally strong, short-term knee-jerk reactions cannot be ruled out if global trade disruptions escalate," Aggarwal said. Meanwhile, commenting on the impact of a possible US-India trade deal, Chopra said that the larger impact on Indian stock markets hinges upon the outcome of the trade negotiations: a deal would sell well, while failure would certainly have a spillover effect on exporters and general market sentiment. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
15 minutes ago
- Mint
Smartworks Coworking IPO opens in 2 days: 10 key things to know from RHP before you subscribe to ₹582 crore issue
Smartworks Coworking IPO in focus: Smartworks Coworking's initial public offering (IPO) is scheduled to kick off for subscription on Thursday, July 10, and will remain open until Monday, July 14. The company aims to raise ₹ 582 crore through the offering, which is a combination of a fresh issue of 1.09 crore shares aggregating to ₹ 445 crore and an offer for sale of 0.34 crore shares aggregating to ₹ 137.56 crore. The IPO price band is set at ₹ 387 to ₹ 407 per share. Retail investors can apply for a minimum of 36 shares in one lot and can apply for up to 13 lots. At the upper end of the IPO price band, ₹ 407 apiece, retail investors are required to make a minimum investment of ₹ 14,652 per lot. 1. Business overview: Smartworks Coworking is described as an office experience and managed campus platform. As per the RHP report, it is the largest managed campus operator among its benchmarked peers in terms of total stock as of March 31, 2024, with a leased and managed super built-up area (SBA) of 8.00 million square feet. 2. Operational scale: In terms of operational footprint, Smartworks manages 41 centers across 13 cities as of March 31, 2024. These include key business hubs such as Bengaluru, Pune, Hyderabad, Gurugram, Mumbai, Noida, and Chennai. The total seat capacity stood at 182,228 across the managed SBA of 8.00 million square feet. 3. Focus on enterprise clients and scalable solutions: It targets a mix of Indian corporates, multinational firms operating in India, and emerging startups with higher seat requirements. The company aims to expand its relationships with such clients by offering scalable workspace solutions that can adapt to their evolving needs. 4. Value-added services and fit-out offerings: Smartworks introduced value-added services in FY23 and fit-out-as-a-service (FaaS) in 2024. These asset-light, margin-accretive initiatives include amenities like cafeterias, gyms, and crèches and offer customized office buildouts through partner-driven models, helping deepen engagement with existing clients and attract new ones. 5. Scale of operations: The company's scale has grown significantly over the past two years. From March 31, 2022, to March 31, 2024, its SBA expanded from 3.99 million square feet across 30 centers to 8.00 million square feet across 41 centers. This includes one fit-out center and one center that had not yet been handed over by the landlord as of the reporting date. During the same period, the number of capacity seats rose from 86,416 to 182,228, reflecting a compound annual growth rate (CAGR) of 45.21%. This increase in seat capacity, which outpaced SBA growth, was attributed to the company's decision to lease larger centers and improve design efficiency. 6. Client Base: The client base is made up of Indian corporates, multinational companies, and startups. Some of its key clients include Google IT Services India Pvt. Ltd., L&T Technology Services Ltd., Bridgestone India, Philips Global Business Services LLP, Persistent Systems, Groww, and MakeMyTrip. Many of these clients have entered into long-term contracts across multiple locations. As of March 31, 2024, the company served 603 clients, collectively occupying 130,047 seats. 7. Growth and expansion: As of March 2024, Smartworks had a presence in 17 key commercial clusters, operating 32 centers covering 7.20 million square feet. Its business focus lies in catering to mid-to-large enterprises. 8. Financial Performance: The company's revenue from operations comprises income from lease rentals, ancillary services, and software fees. For FY25, the company reported revenue of ₹ 1,409.67 crore, compared to ₹ 1,113 crore in FY24 and ₹ 744 crore in FY23. However, the company has reported net losses over the past three fiscal years, with a net loss of ₹ 63.18 crore in FY25, compared to ₹ 49.96 crore in FY24 and ₹ 101 crore in FY23. 9. Objectives of the Issue: The company proposes to utilize the net proceeds from the issue towards repayment, prepayment, or redemption (in full or in part) of certain borrowings; capital expenditure for fit-outs in new centers; security deposits for new centers; and general corporate purposes. 10. Listing and Allotment Details: The allotment of shares for the Smartworks Coworking IPO is expected to be finalized on July 15, 2025. Tentative listing on both the BSE and NSE is scheduled for Wednesday, July 17, 2025. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
16 minutes ago
- Business Standard
Godrej Consumer gains after forecasting double digit revenue growth for Q1
Godrej Consumer Products rallied 6.39% to Rs 1,269 after the company expects the consolidated double-digit revenue growth on the back of high-single digit UVG in Q1 FY26. Home Care business has had a broad-based and strong growth trajectory with overall Home Care business likely to deliver double-digit value growth and UVG. Personal Care business is expected to grow value in low-single digit impacted by soaps. The company said that its standalone business is likely to deliver high-single digit value growth on the back of mid-single digit UVG. Volume growth has been strongly competitive and is sequentially improving. Standalone business excluding soaps (which is seeing a price-volume rebalancing driven by commodity volatility) is expected to deliver a very strong performance this quarter with double-digit UVG. Indonesia business faced a significant increase in competitive pricing action across all major categories. The company said that this will likely result in flattish UVG. GAUM (Godrej Africa, USA, and Middle East) business is likely to deliver strong double-digit value growth and UVG for the second consecutive quarter. Profit growth continues to be healthy. As guided during the companys Investor Meet (May 2025), it expects performance to improve sequentially in FY26. It believes for FY26, on track to deliver mid-high-single digit UVG for standalone business, high-single digit consolidated INR revenue growth and double-digit consolidated EBITDA growth for the full year. The standalone EBITDA margin in Q1FY26 is likely to be below its normative range but is expected to improve. While palm oil prices have started moderating towards the end of June, benefits of this moderation will only be realized in H2FY26. Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colorants, toiletries and liquid detergents. The company reported a consolidated net profit of Rs 411.90 crore in Q4 FY25 compared with net loss of Rs 1,893.21 crore in Q4 FY24. Net sales increased 6.3% YoY to Rs 3,577.81 crore in Q4 FY25.
