Israel Financial News

By David Lawder

By Patricia Zengerle

₹400 crore to buy the three aircraft but is staring at further headwinds as the aircraft grounded for over four years will require 8-12 months to become airworthy and flown out of India. It will take some more time to convert the passenger planes to freighters, the company said. “...the more you wait, or the more the aircraft is on ground, it loses value and eventually you reach a point when the value of the assets is zero or sometimes even minus.

Investing.com — “No, not again!” — the Saudis must be thinking.

By Steven Scheer and Marc Jones

general elections next year, the Union government will likely offer additional relief to cooking gas customers by increasing subsidies under the Pradhan Mantri Ujjwala Yojana (PMUY), two people familiar with the development said. Currently, PMUY beneficiaries receive a ₹300 per cylinder subsidy for up to 12 cylinders annually, after the latest hike in subsidy announced last month. “Although the beneficiary base under PMUY has increased, customers under the scheme would require more relief, and further steps may be taken in coming months," one of the people cited above said, requesting anonymity.

Israel said on Tuesday its forces were pushing deep into Gaza City, where residents said tanks were positioned on the outskirts for a potential storming of Gaza's urban heartland. «For the first time in decades, IDF is fighting in the heart of Gaza City. At the heart of terrorism,» Major General Yaron Finkelman, commanding officer of the Southern Command of the Israeli Defence Forces, told reporters near the Gaza border. «Every day and every hour the forces are killing militants, exposing tunnels and destroying weapons and continuing onward to enemy centres.» Israel previously said it had surrounded Gaza City, home to around a third of the Gaza Strip's 2.3 million people, and would soon attack it to annihilate Hamas fighters who assaulted Israeli towns across the border one month ago. There was no indication on the ground that Israeli forces had thrust en masse further into the city, but a spokesperson for the military, Richard Hecht, suggested that the encircling troops could be making raids inside. Asked whether such raids had taken place, he said: «I'm not going to talk about how we are operationally acting from within our encirclement around Gaza City.

Crisil on Tuesday said some sectors such as fertilisers and diamonds may be slightly impacted by the conflict in the Middle East. On a broader basis, the conflict has caused only a «negligible disruption» in India's trade so far, it said in a note. «Some sectors such as fertilisers and diamonds — both cut and polished — may see a slight, but manageable, impact, while for most others impact will be insignificant,» it said.

Oil fell below $80 a barrel for the first time in more than two months as fresh doubts on whether the Federal Reserve has finished tightening outweighed Saudi Arabia and Russia’s supply cuts.

Fragile markets, shadow lenders, international tensions and too many wars — global bankers gathering in Hong Kong were meant to discuss how they’re adapting to the financial world’s “complexity” and ended up dwelling on the potential for big blowups instead.

(AAIB). The incident took place on October 4, the AAIB report said, noting that an Orlando-bound Airbus A321 jet had taken from London's Stansted Airport. Mid-air, the crew detected that two cabin windowpanes were missing.

By Vaibhav Agrawal

The upcoming fifth annual US-India 2+2 Ministerial Dialogue in New Delhi will see the arrival of US Secretary of State Antony Blinken and Defence Secretary Lloyd Austin. During their visit, they will hold discussions with their Indian counterparts, External Affairs Minister S. Jaishankar and Defence Minister Rajnath Singh. The primary focus of these meetings will encompass critical issues, including strengthening defence collaboration, exploring emerging technologies, addressing space-related matters, and adapting to the evolving global landscape.

Israel's deadliest ever war in Gaza, sparked by the October 7 Hamas attacks, entered its second month Tuesday as Prime Minister Benjamin Netanyahu stressed there would be no ceasefire until the militant group releases its 240 hostages. Netanyahu also said Israel would assume «overall security» in Gaza after the war ends, while allowing for possible «tactical pauses» before then to free captives and deliver aid to the besieged territory of 2.4 million people. The Gaza death toll has soared above 10,000, mostly civilians, said the Hamas-run health ministry, as UN rights chief Volker Turk decried a month of «carnage, of incessant suffering, bloodshed, destruction, outrage and despair.» Israel has vowed to destroy the Islamist militants over their unprecedented attack which claimed 1,400 lives in Israel, including entire families slain inside their homes and young people killed at a music festival, according to Israeli officials. Orit Meir's 21-year-old son Almog was at the festival near Gaza and apart from a brief Hamas-posted video of hostages showing him since then — the family has had no updates. «Our life became a nightmare but this nightmare is our reality,» she told reporters at an event in Athens focused on bringing the hostages home. Since the attack, Israel has relentlessly hammered targets in Gaza with more than 12,000 air and artillery strikes and sent in ground forces that have effectively cut the strip in half, with soldiers and tanks tightening the encirclement of Gaza City. The Israeli army said that in the latest battles its «troops secured a military stronghold belonging to the Hamas terrorist organisation in the northern Gaza Strip.

a speech on November 3rd Hassan Nasrallah, the leader of Hizbullah, appeared to show that he wanted to avoid engaging in an all-out war. Our satellite data show whether this rhetoric matches the reality on the ground (see map). The satellite data are updated twice daily, tallying large fires detected by FIRMS, a NASA satellite system that was originally designed to detect forest fires.

Narendra Modi had a telephonic conversation with Iranian President Ebrahim Raisi on 6 November, regarding the ongoing Israel-Hamas conflict, reports have arrived that Raisi requested India to use 'all its capacities' to end the Israeli actions in Gaza. Raisi recalled India's struggles against Western colonialism and its position as one of the founders of the Non-Aligned Movement in the world, news agency ANI quoted in the Iranian readout.

Gaza has murdered thousands of Palestinians. On Tuesday, Netanyahu said that Israel will have “overall security responsibility" in Gaza for an indefinite period after its war with Hamas.

Most news and commentary describes the war in Gaza as the latest brutal episode in the conflict between Israelis and Arabs. That is one dimension, but from the perspective of world-power politics, it isn’t the most important. What really matters in the Middle East is the battle between Iran, increasingly backed by Russia and China, and the loose and uneasy group of anti-Iranian powers that includes Israel and the American-backed Arab states.

Also Read: Mumbai news: Bombay HC allows bursting of firecrackers for 3 hours on Diwali; all constructions halted As per the Drik Panchang, the muhurat for the festival is set to commence on November 14 and will continue through November 15. The Bhai Dooj Aparahna Time is scheduled to begin at 01:10 PM and come to a close at 03:19 PM. Also Read: 32% of families in Delhi-NCR planning to burst firecrackers this Diwali, says survey On November 14, 2023, the Dwitiya Tithi will commence at 02:36 PM and wrap up at 01:47 PM on November 15.

Investing.com-- Gold prices fell further in Asian trade on Tuesday, hit by a rebound in the dollar and Treasury yields before a string of major Federal Reserve speakers this week.

reported. This initiative arises as a countermeasure to the displacement of 90,000 Palestinian workers due to the revocation of their work permits subsequent to the hostilities. Prime Minister Narendra Modi earlier reached out to his Israeli counterpart Benjamin Netanyahu, advocating a joint stand against terrorism and affirming India’s steadfast support to Israel amidst the crisis.