Business
Bank holiday on Ganesh Chaturthi: Are banks open or closed on August 27? Check state-wise list – Times of India
Banks across several states will remain closed on Wednesday, August 27 on account of Ganesh Chaturthi. According to the Reserve Bank of India’s (RBI) holiday calendar, banks in Gujarat, Maharashtra, Bengaluru, Odisha, Tamil Nadu, Telangana, Goa and Andhra Pradesh will not be operational for the day. While physical branches will remain closed, customers can continue to use online banking, mobile apps, ATMs and digital payment platforms for routine transactions such as fund transfers, bill payments, deposits, and loan applications. However, services that require in-person visits — like bulk cash deposits for businesses, issuance of demand drafts, or account settlement procedures — will not be available.
Other upcoming bank holidays
- August 28,: Banks will remain closed in Odisha for Nuakhai and in Goa for the second day of Ganesh Chaturthi.
- The next nationwide bank holidays will fall in October for Gandhi Jayanti (October 2) and Diwali (October 21 and 22).
In total, Indian banks typically observe 13–15 holidays annually, varying by state and festival calendar.
List of Bank holidays in August
| August 2025 | 8 | 9 | 13 | 15 | 16 | 19 | 25 | 27 | 28 |
|---|---|---|---|---|---|---|---|---|---|
| Agartala | • | • | |||||||
| Ahmedabad | • | • | • | • | |||||
| Aizawl | • | • | |||||||
| Belapur | • | • | |||||||
| Bengaluru | • | • | |||||||
| Bhopal | • | • | • | ||||||
| Bhubaneswar | • | • | • | • | |||||
| Chandigarh | • | • | |||||||
| Chennai | • | • | • | ||||||
| Dehradun | • | • | • | ||||||
| Gangtok | • | • | • | ||||||
| Guwahati | • | • | |||||||
| Hyderabad | • | • | • | ||||||
| Imphal | • | • | |||||||
| Itanagar | • | ||||||||
| Jaipur | • | • | • | ||||||
| Jammu | • | • | |||||||
| Kanpur | • | • | • | ||||||
| Kochi | • | ||||||||
| Kohima | • | ||||||||
| Kolkata | • | • | |||||||
| Lucknow | • | • | • | ||||||
| Mumbai | • | • | |||||||
| Nagpur | • | • | |||||||
| New Delhi | • | ||||||||
| Panaji | • | • | • | ||||||
| Patna | • | • | |||||||
| Raipur | • | • | |||||||
| Ranchi | • | • | |||||||
| Shillong | • | • | |||||||
| Shimla | • | • | |||||||
| Srinagar | • | • | |||||||
| Thiruvananthapuram | • | ||||||||
| Vijayawada | • | • | • |
| Holiday Description | Day |
|---|---|
| Tendong Lho Rum Faat | 8 |
| Raksha Bandhan/Jhulana Purnima | 9 |
| Patriot’s Day | 13 |
| Independence Day/Parsi New Year (Shahenshahi)/Janmashtami | 15 |
| Janmashtami (Shravan Vad-8)/Krishna Jayanthi | 16 |
| Birthday of Maharaja Bir Bikram Kishore Manikya Bahadur | 19 |
| Tirubhav Tithi of Srimanta Sankardeva | 25 |
| Ganesh Chaturthi/Samvatsari (Chaturthi Paksha)/Varasiddhi Vinayaka Vrata/Ganesh Puja/Vinayakar Chathurthi | 27 |
| Ganesh Chaturthi (2nd Day)/Nuakhai | 28 |
(Source: RBI)
Business
Anthropic officially designated a supply chain risk by Pentagon
The supply chain risk designation of the artificial intelligence firm is a first for a US company.
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Business
FDA official calls UniQure’s gene therapy a ‘failed’ treatment for Huntington’s disease
Thomas Fuller | SOPA Images | Lightrocket | Getty Images
UniQure needs to run another study to prove that its gene therapy “actually helps people with Huntington’s disease,” a senior U.S. Food and Drug Administration official said on a call with reporters Thursday.
The official, who requested anonymity before discussing sensitive information, confirmed the agency has asked the company to run a placebo controlled trial of its treatment, which is administered directly into the brain. UniQure has said that type of study isn’t ethical because it would require putting people under general anesthesia for hours, a characterization the official disputed.
“So what is really going on? UniQure is the latest company to make a failed therapy for Huntington’s patients,” the official said. “They likely acknowledge or understand at some deep level that their trial failed years ago, and instead of doing the right thing and running the correct clinical study, UniQure is performing a distorted or manipulated comparison in the mind of FDA.”
The comments mark the latest development in a messy public spat between UniQure and the FDA, and as the agency comes under fire for a number of recent drug approval application rejections, including some where companies have accused it of going back on previous guidance. FDA Commissioner Marty Makary in an interview with CNBC’s Becky Quick last week seemingly criticized UniQure’s gene therapy for Huntington’s disease. Makary didn’t name UniQure but described its treatment.
UniQure then accused the FDA of reversing its stance that the company’s clinical trial data would be sufficient to seek approval. UniQure’s study used an outside database to measure how patients with Huntington’s disease might decline without treatment, known as an external control. UniQure has said it wouldn’t be feasible to run a true randomized, double-blind placebo-controlled study, considered the gold standard, because it wouldn’t be ethical to make people undergo a sham hours-long brain surgery.
The FDA official said the agency “never agreed to accept this distorted comparison” and the FDA “never makes such assurances.” Instead, the “FDA will always say, ‘Well, we have to see the data when we get it.'”
UniQure didn’t immediately comment.
The company’s stock rose more than 10% on Thursday and has fallen 58% this year as of Thursday afternoon.
Business
US mortgage rates rise to 6% after three-week slide as oil-driven bond yields climb – The Times of India
The average long-term US mortgage rate edged higher this week, ending a three-week decline as bond yields rose amid oil-price pressures linked to the war with Iran.The benchmark 30-year fixed mortgage rate increased to 6% from 5.98% last week, mortgage buyer Freddie Mac said on Thursday. A year ago, the average rate stood at 6.63%, AP reported.The modest uptick breaks a three-week slide in borrowing costs, with mortgage rates having hovered close to the 6% mark for most of this year. Last week’s average had marked the first time the rate dipped below 6% since September 2022, reaching its lowest level in nearly three and a half years.Mortgage rates are influenced by several factors, including the Federal Reserve’s interest-rate policy, investor expectations about inflation and economic growth, and movements in the bond market.They typically track the direction of the 10-year US Treasury yield, which lenders use as a benchmark for pricing home loans.The 10-year Treasury yield rose to 4.14% at midday Thursday, up from around 4% a week earlier.Treasury yields have moved higher in recent days as rising oil prices added fresh inflation concerns, potentially complicating the Federal Reserve’s plans to cut interest rates.
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