Israel-Hamas War Causes Nearly 90% Drop In Gaza GDP: IMF
Washington: A year of conflict between Israel and Hamas has resulted in a “devastating impact on the economy” in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza’s GDP. “Preliminary official estimates indicate an 86 percent decline in GDP in the first half of 2024” in […]
West Asia tensions may disrupt oil supplies if attacks reach Hormuz Strait
6 min read Last Updated : Oct 03 2024 | 11:33 PM IST There is a 160-year history entwining wars and oil prices. During the American Civil War, which raged from 1861 to 1865, oil prices rose more than six-fold. During subsequent conflicts — two world wars, several conflicts in West Asia, and Russia’s […]
Amid West Asia crisis PM Modi chairs Cabinet Committee on Security meet
&w=1024&resize=1024,1024&ssl=1)
India has called for addressing all issues through dialogue and diplomacy. | File Photo: PTI 1 min read Last Updated : Oct 03 2024 | 11:31 PM IST Prime Minister Narendra Modi chaired a meeting of the Cabinet Committee on Security on Thursday to discuss the outbreak of fresh hostilities in West Asia, sources […]
Taking stock of B’desh: Visa woes slow Petrapole border’s road to normalcy
&w=1024&resize=1024,1024&ssl=1)
Premium A new cargo gate, Maitri Dwar, is expected to facilitate trade. (Photo: ISHITA AYAN DUTT) 4 min read Last Updated : Oct 03 2024 | 11:26 PM IST A steady stream of passengers is seen heading towards the Petrapole terminal, the largest land port in South Asia, along the India-Bangladesh border, about 80 […]
Oil gains up by 4% on supply concerns as West Asia conflict intensifies
&w=1024&resize=1024,1024&ssl=1)
The Gulf Arab states sought to reassure Iran of their neutrality in the conflict on concerns that further violence could threaten Gulf oil facilities. | Representative Picture 4 min read Last Updated : Oct 03 2024 | 11:24 PM IST Oil prices strengthened on Thursday on investor concern that a widening Middle East conflict […]
Automobiles, auto component companies score low on PLI scheme in FY24
For automobiles and auto components, the year 2023-24 turned out to be lacklustre as far as the production-linked incentive (PLI) scheme is concerned. Of the 18 players eligible for the scheme — automobile original equipment manufacturers and non-automobile companies — just four received certification for their models from the government. And only three […]
Teacher Gets Scam Call About Daughter In Sex Racket, Dies Of Heart Attack
The scammer had a display photo of a man in police uniform. Agra: Scams over the telephone have led to several people suffering financial losses, but this may be the first instance in which one such attempted fraud allegedly cost a woman her life. On Monday, Malti Verma, 58, a teacher in a government school […]
West Asia conflict escalation poses significant economic risks: IMF
&w=1024&resize=1024,1024&ssl=1)
The IMF estimates that Gaza’s GDP declined 86 per cent in the first half of 2024. | Photo: Bloomberg 3 min read Last Updated : Oct 03 2024 | 11:13 PM IST The International Monetary Fund said on Thursday an escalation of the conflict in the Middle East could have significant economic ramifications for […]
KRN Heat Exchanger makes bumper trading debut, increases 2.2 times
1 min read Last Updated : Oct 03 2024 | 11:04 PM IST KRN Heat Exchanger and Refrigeration, a component manufacturer for the air-conditioner industry, saw its market value more than double during their trading debut on Thursday. After hitting a high of Rs 513 and a low of Rs 450, the stock finished […]
G-7 countries to hold emergency meeting as Israel-Iran conflict escalates
&w=1024&resize=1024,1024&ssl=1)
Italy has a sizable military contingent in the United Nations Interim Force in Lebanon. | File Photo: Twitter 3 min read Last Updated : Oct 03 2024 | 11:04 PM IST By Donato Paolo Mancini Leaders from the Group of Seven countries will hold an emergency meeting after Iran fired missiles at Israel, which vowed […]