Israel Financial News

By Andrew Gray and Tassilo Hummel

Qatar court has awarded death sentence to eight retired Indian Navy personnel for reportedly spying on behalf of Israel against Qatar. India, while expressing shock over the development, has also said that it will contest the decision. Who actually are these people at the centre of the entire matter? Let's find out. The eight retired Indian Navy personnel are — Captain Navtej Singh Gill, Captain Saurabh Vashisht, Commander Purenendu Tiwari, Captain Birendra Kumar Verma, Commander Sugunakar Pakala, Commander Sanjeev Gupta, Commander Amit Nagpal and Sailor Ragesh. As per reports, they worked at Qatar's Dahra Global Technologies and Consulting Services, a private company that offers training and other services to the defence and security agencies of Qatar. In August last year, these eight individuals were arrested after being charged with spying for Israel by Qatar authorities. Indian authorities have been providing consular access to them since the time of their imprisonment. Reacting to the development, the External Affairs Ministry in a statement on Thursday, said: «The Court of First Instance of Qatar has today passed a judgement in the case involving 8 Indian employees of Al Dahra company.

Hamas's armed wing said Thursday that «almost 50» Israeli hostages held in the Gaza Strip since the October 7 attacks have been killed in Israeli bombing raids on the Palestinian territory. "(Ezzedine) Al-Qassam Brigades estimates that the number of Zionist prisoners who were killed in the Gaza Strip as a result of Zionist strikes and massacres has reached almost 50," the group said in a statement issued on its Telegram channel. Israel launched a massive air and artillery bombardment of Gaza after Hamas carried out the brutal attacks on southern Israel. Earlier, the Israeli army said 224 people were abducted by militants during the attack that left 1,400 people, mostly civilians, dead. «We have informed the families of 224 hostages.

Antonio Guterres Wednesday rejected Israel’s accusations that, in a statement to the Security Council, he had justified attacks by the Palestinian militant group Hamas on Israel, ANI reported "I am shocked by misrepresentations by some of my statement yesterday in the Security Council -- as if I was justifying acts of terror by Hamas" The Times of Israel reported quoting the US chief. Guterres on Tuesday, without naming Israel, had denounced "the clear violations of international humanitarian law" in Gaza and pleaded for civilians to be protected in the conflict between Israel and Hamas.

Bitcoin (BTC)‘s market dominance has reached 54%, its highest level in more than two and a half years.

Recent reports suggesting that crypto has played a significant role in terrorism funding have been debunked by blockchain forensics firm Elliptic.

Qatar Court on Thursday announced death sentence for eight Indian Navy personnel who had been arrested in August last year on charges of spying on a submarine program on behalf of Israel. The verdict has been termed 'deeply' shocking by the Indian government. The Indian nationals, all employees of Al Dahra company, were taken into custody in August last year in an alleged case of espionage.

Israel-Hamas war news: As Israel invaded Gaza on the ground on Thursday, targeting Hamas positions using tanks, United States President Joe Biden hinted that hinted that one of the reasons behind Hamas fighters' 7 October attack on Israel was the recent announcement of the India-Middle East-Europe Economic Corridor. According to a GTRI report, the ongoing Israel's war with Hamas fighters in Gaza can derail the prospect of a historic peace deal between Israel and Saudi Arabia, a crucial linchpin in the India-Middle East Europe Economic Corridor (IMEEC) framework The India-Middle East-Europe Economic Corridor was announced by US President Biden, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen during the annual Group of 20 summit held in India earlier this year.

As Israel’s bombing campaign in Gaza continues, one man has been at the centre of attention – Israel's prime minister Benjamin Netanyahu, also known as Bibi. Netanyahu has arguably been the central figure in Israel’s politics since the 1990s. His political longevity and his highly divisive time in office have made him one of Israel’s most consequential leaders.

Israel-Hamas war LIVE Updates Israel is continuously bombarding Gaza after Hamas militants launched a surprise attack on Israel on October 7. Calling the attack Israel's own “9/11" Prime Minister Benjamin Netanyahu vowed to destroy Hamas in Palestine. Also Read: Israel-Hamas war: Gold price extends rally despite rise in US Treasurey yield and US dollar rate While sharing the video on social media X, IDF said that its combat soldiers neutralized the Hamas militants by first killing the driver of the vehicle who then lost control of the vehicle.

EU industry chief Thierry Breton has launched investigations into three tech platforms over content moderation decisions, including Elon Musk's X. The tech giants have faced mounting scrutiny in recent weeks, with a surge in harmful content and disinformation following Hamas' attack on Israel.

Israel-Hamas War LIVE Updates Netanyahu, while addressing the nation said, “We are in the middle of a campaign for our existence. We set two goals for the war: to eliminate Hamas by destroying its military and governmental capabilities and to do everything possible to return our abductees home.

General Elections are likely to keep markets volatile in the near term, say experts. The yield on the 10-year US benchmark bond rose to over five percent for the first time since 2007 on Monday, putting pressure on equity markets globally. Though it has receded below 5 percent - but still remains at a multi-year high.

The European Central Bank is likely taking a break from interest rate increases

Adani Enterprises (down 3.2%), Tech Mahindra (down 2.8%), Mahindra & Mahindra (down 2.6%), Bajaj Finserv (down 2.5%), Hindalco Industries (down 2.1%), Bajaj Finance (down 1.9%), LTIMindtree (down 1.7%), and Eicher Motors (down 1.7%) were the top losers in the pack. On the flip side, Axis Bank and HCL Technologies are trading in the green with a marginal gain of 0.8% and 0.1%, respectively. Among sectoral indices, Nifty Realty was the biggest laggard in today's trade, dropping as much as 3.17%, followed by Nifty Media (down 2.6%), and Nifty PSU Bank (down 2.31%).

Crude oil deficit to high inflation: How can the Israel-Hamas war impact Indian economy? — Explained (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The market is expected to remain on a bumpy track in the near term even though the long-term outlook remains strong because of India's strong economic growth potential.

India-Middle East-Europe Economic Corridor. Israel-Hamas LIVE The first-of-its-kind economic corridor will be a historic initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany, and the US. The White House had earlier said that the rail deal would link shipping and rail lines from India to Europe through the UAE, Saudi Arabia, Jordan and Israel.

Economic crises are rippling through the countries bordering Israel

The White House is asking lawmakers for nearly $56 billion in emergency spending for disaster relief, child care funding and broadband

yellow metal prices, MCX gold and silver futures traded with strength. MCX December gold futures were trading at Rs 60,977 per 10 gram, up by Rs 151, or 0.25%. They are at five month high levels.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “we are in for a correction and volatility in the broader market, but it is not because investors are turning risk averse. It is because FIIs are selling largecaps. Mutual funds, in order to buy those largecaps, need to sell mid and smallcaps. It is not necessarily a reversal of risk attitude as much as the opportunity to get good quality, large companies at much reasonable prices. So it is just a reallocation. For a long-term investor, in fact the on-going correction could be a good time to accumulate.” Crude prices have eased off a bit at the start of the week. How do you see this correlation between crude prices and the kind of consolidation that we are seeing on the Nifty play out from here? The spot crude prices may ease up based on local announcements but if you look at the forward crude expectations, they remain in a firm stage both because it is winter setting into the US and in Europe, when the energy heating demand for homes goes up. The Israel-Hamas conflict is adding to the statement by OPEC that there will be at least a three and a half million barrel shortfall for Q4. So in the short term, because of China's slowdown, there may be movement in the spot crude, but otherwise I expect a firm crude trend.