ALL STAFF SAFE AT PORT OF HAIFA, SAYS ADANI GROUP
GAUTAM ADANI-LED ADANI Port and Special Economic Zone (APSEZ), which had acquired Israel's Port of Haifa earlier this year, said it has taken measures to ensure safety of its employees in the country and all of them are safe. It stated it is "fully alert and prepared for any eventuality." APSEZ shares closed down 4.89% at the BSE on Monday amid concerns in the conflict-ridden country. Adani operates the Haifa Port in northern Israel along with local chemicals and logistics group Gadot, after it completed the acquisition for 4 billion shekels ($1.03 billion) in January this year.
ISRAEL BANK TO SELL UP TO $30 BN OF FOREX
THE BANK OF Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, the central bank's first ever sale of foreign exchange, to maintain stability during the war with Palestinian militants in Gaza. The shekel fell 2.7% versus the dollar to 3.945 - its lowest since early 2016 after the announcement. "We are in an unprecedented security situation, and our estimate was that the market could get to a situation of divergence without the announcement of our intervention," Golan Benita, head of the Bank of Israel's markets department, told a news conference.
EU BODY SUSPENDS ALL PAYMENTS TO PALESTINIANS
EUROPEAN UNION COMMISSIONER Oliver Varhelyi said Monday the bloc is suspending "all payments immediately" to the Palestinians because of what he called the "scale of terror and brutality" during the attacks on Israel by Hamas.
This story is from the October 10, 2023 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 10, 2023 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes ₹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
