Israel Financial News

One of the demands of antiwar protestors on college campuses is for their schools to divest their endowments from companies that are profiting from Israel’s war against Hamas in Gaza

India Today reported. Achinthya Sivalingam, who hails from Tamil Nadu's Coimbatore and was brought up in Columbus, Ohio, has been banned from the University, for participating in the agitation within the campus premises, pending a disciplinary process. She was arrested along with fellow student, Hassan Sayed.

Norwest Venture Partners backed by US financial giant Wells Fargo has raised its 17th global fund of $3 billion, the Menlo Park, US-based firm said Thursday. The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets — USA, Israel and India. It has $15.5 billion of assets under management.

A ship traveling in the Gulf of Aden has come under attack, the latest assault likely carried out by Yemen’s Houthi rebels over Israel’s ongoing war on Hamas in the Gaza Strip

A top European Union top military officer says a frigate that’s part of an EU mission in the Red Sea to protect merchant shipping has destroyed a drone launched from an area in Yemen controlled by Houthi rebels

Also read: Saudi Arabia has an unlikely solar star Data from the ministry of commerce and industry showed that oil supplies from Saudi Arabia jumped 67.5% to $2.6 billion taking it to the second position in the list of oil suppliers to India, from $1.55 billion in January. For most part of the past two years, Iraq has been the second largest supplier to India. It has now slid to the third position with $2.24 billion worth of supplies in February, 11.6% down from $2.54 billion in January.

WASHINGTON—U.S. troops plan to start assembling a floating pier off the coast of northern Gaza as early as this weekend, American defense officials said, part of an effort by the Biden administration to get more aid into the besieged enclave ahead of Israel’s planned invasion of the city of Rafah. But US officials warned that they didn’t expect the pier to supplant deliveries across Gaza’s land borders, which the United Nations has said is the most efficient way to get humanitarian aid into the strip.

The Indian Air Force’s (IAF) remotely piloted aircraft (RPA) crashed in Rajasthan’s Jaisalmer. The Israeli made `Heron’ Drone crashed during a routine training sortie. According to the Indian Air Force a Court of Inquiry (CoI) has been constituted to find out the cause of the accident.

Kotak Mahindra Bank after the Reserve Bank of India barred the lender from taking on new clients digitally. The BSE Sensex was trading 187 points or 0.25% lower at 73,668. Nifty50 was trading at 22,345, down 57 points or 0.26% at around 9.19 am.

Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Brent crude futures dipped 9 cents, or 0.1%, to $86.95 a barrel at 0024 GMT, and U.S. West Texas Intermediate crude futures slipped 7 cents, or 0.1%, to $82.74 a barrel. Both benchmarks lost less than 1% on Wednesday.

pro-Palestine protests. Police arrested more than a dozen people including a local news photographer at the university. Some universities including the University of Texas at Austin, have swiftly resorted to law enforcement as they struggle to diffuse tension on campuses throughout the nation.

India and Iran have finalized a long-term contract for the development of Chabahar port after more two decades of painfully slow negotiations with the oil-rich Gulf nation, periodically stymied by geopolitical tensions, according to three persons aware of the matter. A high-level delegation led by the Indian minister for shipping will be visiting Iran after India's general election. The visit, to take place in the second half of 2024, will be see the signing of the contract that will pave the way for full exploitation of this strategic port located in southeastern Iran and developed with Indian aid.

Iran was now able to share its knowledge with others, currently having projects in 20 countries. The Uma Oya project, in the central Badulla district, was constructed with Iranian technical assistance.

A ship near the strategic Bab el-Mandeb Strait has seen an explosion in the distance, marking what may be a new attack by Yemen’s Houthi rebels through the crucial waterway for international trade

Yoav Gallant said Wednesday without specifying whether ground troops had crossed the border. «Many forces are deployed on the border and IDF (army) forces are carrying out offensive action currently throughout southern Lebanon,» Gallant said in a statement, also claiming that «half of Hezbollah's commanders in southern Lebanon have been eliminated» in months of violence. «The other half are in hiding and abandoning the field to IDF operations,» he added without giving a specific number.

Gold hits over two-week low despite touching record highs in 2024; What's hurting the yellow metal's appeal? Since reaching a record high of $2,431.29 on April 12, bullion prices have retreated by over $100. Back home, Gold prices saw a slight increase on Wednesday, April 24th. Gold futures for June expiry on the Multi Commodity Exchange (MCX) recorded a modest uptick of 0.15% per 10 grams.

One of the most popular meme coin presales of the year, Shiba Shootout , has raised more than $190k till now. 

Bitcoin enthusiasts had eagerly waited for the «halving» — a change to the cryptocurrency's underlying technology that happened around 0014 GMT on Saturday and is designed to cut the rate at which new bitcoins are created.

President Tsai Ing-wen said on Wednesday she was happy the U.S. Congress had passed a sweeping foreign aid package which includes arms support for the island, as China urged Washington to stop selling weapons to Taipei. The United States is Taiwan's most important international backer and arms supplier even in the absence of formal diplomatic ties. China, which views Taiwan as its own territory, has repeatedly demanded arms sales stop. The Senate approved by 79 to 18 four bills passed by the House of Representatives on Saturday, after House Republican leaders abruptly switched course last week and allowed a vote on the $95 billion in mostly military aid for Ukraine, Israel and Taiwan and U.S. partners in the Indo-Pacific.

Also Read: Axis Bank, Hindustan Unilever, among 23 companies to report Q4 results today The recent uptrend in Indian equities has been attributed to favorable global cues and a decline in crude oil prices, with the oil market seemingly unaffected by the potential impact of additional sanctions on Iranian oil. Moreover, concerns have eased as both Iran and Israel have indicated a reluctance to escalate tensions further, following limited exchanges of strikes earlier this month. In March, small-cap stocks suffered as concerns over high valuations prompted regulatory scrutiny, leading mutual fund houses to conduct stress tests every 15 days.

A judge says a legal challenge over the British government’s role in allowing weapons to be sent to Israel can be heard at the High Court later this year