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livemint.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
livemint.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Saturday bank holiday: Are banks closed this Saturday, June 1, 2024?
India are closed on national holidays, state-specific holidays along with second and fourth Saturdays in the month and all Sundays, according to the Reserve Bank of India holiday list.
The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts.
June bank holidays: Banks are closed for 10 days in June 2024;check dates, full state-wise list
Is it a bank holiday this Saturday on June 1, 2024
The banks are open on June 1, 2024, as it is the first Saturday of the month.
Final phase of voting
The final phase of the 2024 Lok Sabha elections is scheduled for June 1. This phase will cover 57 Lok Sabha constituencies in eight states and UT. Voting will take place in Uttar Pradesh, Bihar, Himachal Pradesh, Punjab, Odisha, West Bengal, Jharkhand, and Chandigarh.
Also read: Lok Sabha Elections 2024: 11 alternative documents you can use to cast your vote without Voter ID card
June bank holidays list 2024
- June 15: Banks will be closed in Mizoram will be closed for YMA Day and banks in Odisha will be closed for Raja Sankranti.
- June 17 (Monday)- Bakri ID (Id-Uz-Zuha)- Bakri Eid banks will remain closed across India, except in Mizoram, Sikkim, Arunachal Pradesh.
- June 18 (Tuesday): Banks will be closed in Jammu and Srinagar on the occasion of Bakri ID (Id-Uz-Zuha).
ATMs and internet banking
ATMs will be available throughout these holidays, and internet banking services will remain operational.
Digital banking
Online banking is
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Even at $5 trillion, Nvidia is underappreciated
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
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21.05 / 09:47
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
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Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
