Israel Financial News

By Jody Godoy

Seychelles made an emergency landing in Saudi Arabia before flying back to Tel Aviv on Tuesday, in what Israel praised as a sign of goodwill as Washington works to establish formal relations between the two countries. The Air Seychelles flight carrying 128 passengers was forced to land Monday because of an electrical malfunction. Israel's Foreign Ministry said the passengers spent the night at an airport hotel in Jeddah and were flown back by the airline on an alternate plane. Passengers described a frightening stretch of time as an acrid burnt smell filled the cabin and the pilot came over the intercom to say the plane would be forced to make an emergency stop in Saudi Arabia, a kingdom with which Israel has no air links or diplomatic ties. With dozens trapped on board and the plane idling on the tarmac, tension grew, passengers said, while Israeli officials scrambled to figure out what to do.

Kalyani Rafael Advanced Systems Pvt Ltd on Monday said it has bagged a Rs 287.51 crore order from the defence ministry for the supply of missile systems.

free trade in the belief that it would liberalize China. But Biden maintained much of his predecessor’s tough policies toward Beijing. Tariffs remained in place.

JERUSALEM/TRIPOLI (Reuters) — Libya's prime minister suspended Foreign Minister Najla Mangoush on Sunday and referred her for investigation after Israel said its Foreign Minister Eli Cohen had met her last week despite the countries not having formal relations.

By Nidal al-Mughrabi

Sun Pharma is looking to fully acquire its Israel-based unit Taro Pharmaceutical Industries in order to integrate the dermatology business with itself and keep it profitable amid increasing competition in the segment, according to Managing Director Dilip Shanghvi. The Mumbai-based drug major has proposed to fully acquire Taro through a reverse triangular merger. The company has issued a letter to the Taro board with a proposal containing a non-binding indication of interest to acquire all of the outstanding ordinary shares for a purchase price of USD 38 per ordinary share in cash.Sun Pharma currently owns around 78 per cent stake in Taro. «My own assessment is that the dermatology business, which is the primary focus for Taro, is a business under constant, increasing competition pressure,» Shanghvi said in an analyst call. He further said: «And as a stand-alone company, it will be very difficult for Taro as an independent company to continue to operate that business profitably. So that broadly is the reason why we felt that it's useful for us to consider integrating that with Sun Pharma.»

Also read: Chandrayaan-3 LIVE Updates: Declare 23 August 'ISRO Day,' petition calls on change.org While Vivek Ramaswamy practices Hinduism, Nikki Haley, born into a Sikh family, practices Christianity, which she has openly discussed in her public life. The contentious exchange Coulter referred to during the debate was related to US aid to Ukraine and Israel, not religion.

By Jennifer Rigby and Julie Steenhuysen

Also read: Chandrayaan-3 Moon Landing Successful | LIVE Updates: NASA congratulates ISRO, says ‘glad to be partner in the mission' One significant aspect drawing the attention of scientists is the presence of 36 mutations that differentiate the BA.2.86 lineage from the currently dominant XBB.1.5 variant. However, the CDC emphasises that comprehensive laboratory testing of antibodies is challenging at this stage due to limited access to virus samples.

Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects.

Business tycoon and former owner of Beitar Jerusalem FC, Moshe Hogeg, has been accused by the Israeli police of orchestrating a $290 million crypto scam.

internet of things, and biotechnology, among others. For India, a country that is resource-crunched, the role technology will play will be very significant. India’s potential to lead the fourth industrial revolution is underpinned by several factors.

Iran’s Defense Ministry has unveiled a drone resembling America’s armed MQ-9 Reaper, claiming that the aircraft is capable of staying airborne for 24 hours and has the range to reach the country's archenemy Israel

The generic drug maker Teva Pharmaceuticals agreed Monday to pay $225 million to settle price-fixing charges related to sales of a widely used cholesterol-lowering drug

Heal by India initiative. The plan is to create a pool of nurses and care workers and help India to become the Care Capital of the world, a senior government official told ET. «While the master project is 'Heal in India', 'Heal by India' is the initiative of the ministry of health and family welfare, the ministry of skills development will provide skills training and other necessary requirements for movement of Indian healthcare workers to different parts of the world,» the official said. The National Skills Development Council of India has entered into an agreement with the Indian Nursing Council as well as the health sector skills councils for deploying skilled healthcare professionals and care workers outside India. Besides, the ministry is in talks with its counterparts in Israel, Portugal, Finland and Germany to assess demand for caregivers and will soon come up with customised training modules to meet country-specific requirements. The plan is to tap into the human resource pool of Indian Nursing Council, state governments and private healthcare institutions and provide them with training of international standards to facilitate overseas placement. The ministry is in the process of aggregating demand from destination countries after which it will provide domain related skills training, foreign language proficiency training and other capacity building activities to make them employable overseas.

Iran's Defence Ministry unveiled a drone on Tuesday resembling America's armed MQ-9 Reaper, claiming that the aircraft is capable of staying airborne for 24 hours and has the range to reach the country's archenemy Israel. Iran's state-run IRNA news agency published a photograph of the drone, called the Mohajer-10, on display at a conference marking Defence Industry Day with what appeared to be smoke-machine fog underneath it. «Mohajer» means «immigrant» in Farsi and has been a drone line manufactured by the Islamic Republic since 1985. IRNA said the drone is able to fly up to 24,000 feet with a speed of 210 kph (130 mph), carrying a bomb payload of up to 300 kilograms (660 pounds).

The Outsiders,' and Francis Ford Coppola's 1983 film will have previews starting March 16, 2024, at the Bernard B. Jacobs Theatre. The official opening night is set for April 11, 2024.Angelina Jolie joins the production as a lead producer, along with American Zoetrope, Olympus Theatricals, The Araca Group, and Sue Gilad & Larry Rogowsky. Casting details will be revealed later, and tickets for the general public go on sale on November 1. The musical is written by Adam Rapp with Justin Levine, and the music and lyrics are by Jamestown Revival (Jonathan Clay & Zach Chance) and Justin Levine. Danya Taymor is directing it. The story unfolds in Tulsa, Oklahoma, in 1967, focusing on the lives of teenagers Ponyboy Curtis and Johnny Cade, and their chosen 'outsider' family, exploring the divide between the privileged and the less fortunate. Co-producers include The Shubert Organization, Warner Bros. Theatre Ventures, Sony Masterworks, James L. Nederlander, Stephen Lindsay & Brett Sirota, Sue Marks, Indelible InK, Green Leaf Partnership, Belle Productions, Michael & Elizabeth Venuti, Deborah & Dave Smith, Mike & Molly Schroeder, Chas & Jen Grossman, Jennifer & Jonathan Allan Soros, Tanninger Entertainment, Tamlyn Shusterman, ATx Random, Paul Liljenquist, Bob & Claire Patterson, Scott Stanton & Carrie Clark, Wendy Gillespie/Karen Tanz, John Gore Organization, Betsy Dollinger, Tima Productions (LaChanze & Marylee Fairbanks), Playhouse Square, Geffen Playhouse/Howard Tenenbaum/Linda B. Rubin Prods, Margot Astrachan, Rose Maxi, Toni R. Israel, and Cornice Productions. 'The Outsiders' had its world premiere in March 2023 at La Jolla Playhouse.

By Milana Vinn and Anirban Sen

Sanjiv Mehta, who hung up his boots in June this year, is enjoying his retirement. The former HUL boss recently attended an orchestra, conducted by globally-acclaimed Parsi conductor Zubin Mehta. Taking to the professional networking platform LinkedIn, the sexagenarian said that he was fortunate enough to witness the Mumbai-born conductor's epic skills on stage.