Will Stock Market Be Closed On Buddha Purnima, May 12? Full Holiday List Inside
Here's some good news for investors: the stock market will remain open on Monday, May 12, 2025. As per the official BSE holiday calendar on bseindia.com, Buddha Purnima is not listed as a trading holiday this year. So, trading on both the NSE and BSE will continue as usual.
Stock Exchange Holidays – May 2025
The only stock market holiday in May 2025 was Maharashtra Day which was observed on May 1. There are no other trading holidays scheduled for the rest of the month.
Upcoming Stock Market Holidays in 2025
Here's a quick look at the remaining stock market holidays for this year:
June & July 2025: No stock market holidays
August 2025:
August 15 – Independence Day
August 27 – Ganesh Chaturthi
October 2025:
October 2 – Mahatma Gandhi Jayanti / Dussehra
October 21 – Diwali (Laxmi Pujan)
October 22 – Diwali Balipratipada
November 2025:
November 5 – Guru Nanak Jayanti (Prakash Gurpurb)
December 2025:
December 25 – Christmas
The Sensex and Nifty 50 continued their downward trend for the second straight session on Friday, May 9, as rising tensions with Pakistan weighed on investor sentiment. The Nifty 50 slipped 265.80 points (1.10 per cent) to close at 24,008, while the Sensex dropped 880.34 points (1.10 per cent) to settle at 79,454.47.
This market dip has left investors divided — while some see it as a chance to buy at lower levels, others are choosing to stay on the sidelines until there's more clarity on the geopolitical situation.
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Time of India
26 minutes ago
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The UAE Iceberg Project planned to tow a massive Antarctic iceberg 6,480 nautical miles to Fujairah but faced major challenges and remains unfulfilled/ Representative Image In a region where rain is rare and water more precious than oil, the United Arab Emirates once had its sights set on an audacious engineering marvel: towing a gigantic Antarctic iceberg to its sun-baked coast to quench thirst, summon clouds, and maybe even reshape climate patterns. But as of 2025, the only glacier ice that has made it to Dubai is not floating off the coast but chilling highball glasses in rooftop bars, courtesy of a boutique Greenland startup. The UAE Iceberg Project : Cold Ambitions in a Hot Desert Launched in 2017 by the National Advisor Bureau Limited, a private Abu Dhabi-based company, the UAE Iceberg Project sought to tow a massive tabular iceberg, measuring roughly 2 kilometers long by 500 meters wide, from Antarctica to Fujairah, a coastal emirate on the Gulf of Oman. 3D concept of the iceberg stationed roughly 3 kilometers off the coast of Fujairah for harvesting/ Image: National Advisor Bureau Ltd. The logic, according to Abdulla Alshehi, the firm's managing director and the project's chief architect, was straightforward: an average iceberg holds over 20 billion gallons of fresh water, enough to supply 1 million people for five years. 'This is the purest water in the world,' he told Gulf News in 2017. And the UAE, consuming 15% of the world's desalinated water and facing depleting groundwater within 15 years, was in no position to ignore unconventional ideas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Premium 1 BHK at Mahindra Citadel – Coming Soon! Mahindra Citadel Enquire Now Undo The iceberg, selected via satellite near Heard Island in the Southern Ocean, would undertake a 12,000-kilometer (≈6,480 nautical miles), 10-month journey across the Southern, Indian, and Arabian Seas to reach the coast of Fujairah in the UAE. Towed by large ocean-going vessels, it would travel northward through the Indian Ocean before entering the Gulf of Oman. Upon arrival, it would be stationed roughly 3 kilometers off Fujairah's coast. Harvesting would begin immediately, with the aim of extracting potable water within two to three months before significant melting occurs. Computer simulations commissioned by the company projected that up to 30% of the iceberg's mass could be lost during the journey, a challenge the team hopes to mitigate by timing its arrival during the UAE's winter season, when sea temperatures are lower and melting would slow. To prevent breakup during the long journey, Alshehi's firm developed a patent-pending metal belt, a kind of reinforced corset designed to hold the iceberg intact against wave stress and temperature gradients. In 2020, the UK Intellectual Property Office granted Alshehi a patent for his invention, called the "Iceberg Reservoirs" system. The patent was promoted as a credibility boost to attract investment and reinforce the project's technical feasibility. In 2020, the UAE Iceberg Project's 'Iceberg Reservoirs' system was patented by the UK Intellectual Property Office/ Image: National Advisor Bureau Limited A pilot project, costed between $60–80 million, was announced for 2019. A smaller iceberg was to be towed to Cape Town or Perth as proof of concept. The full UAE project carried a price tag of $100–150 million. Despite a splashy website launch ( promises of scientific panels, and a vision of global humanitarian water relief, no trial was ever confirmed to have taken place. As of 2025, there's been no operational progress, no updated logistics, and no official cancellation, just prolonged silence. The Rainmaker Fantasy What made the proposal especially memorable was its near-mystical secondary goal: climate engineering. Alshehi claimed that the presence of a colossal iceberg floating off the UAE coast could induce localized weather changes. 'Cold air gushing from an iceberg close to the Arabian Sea would cause a trough and rainstorms,' he told local media. The iceberg, he argued, could 'create a vortex' that would attract clouds from across the region, generating year-round rain for the desert interior. 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