Israel-Hamas War News: Nestle Temporarily Shuts its Operations in Israel Amid Worse Situation

23 Oct, 2023 Author: Ayushee Joshi

Israel-Hamas War Updates: The two-week-old war between Israel and Palestine is now having an effect on business. Many large corporations are increasingly shutting their operations in heavily destroyed locations throughout the world. Nestle, one of the world’s leading consumer products corporations, has chosen to terminate its operations in Israel. Nestle said it had temporarily shut down one of its production sites in Israel as a precaution, making it the first consumer goods company to respond to the war there.

Indian Companies in Israel

Over 500 Israeli enterprises conduct business in India, while dozens of Indian businesses operate in Israel. Adani Ports, Sun Pharmaceuticals, Dr. Reddy, Lupine, Tech Mahindra, Tata Consultancy Services of Tata Company, Infosys, and Wipro are a few businesses that have major investments in Israel at the same time. These businesses are monitoring the situation out of concern for the well-being of their workers. The stock market has been affected by this battle. The stock markets are consistently soaring even as the battle continues.