NEW DELHI: India is looking at storing some low priced U.S. oil in facilities there as its local storage is full, oil minister Dharmendra Pradhan told a news channel. India's plan could be similar to a move by Australia, which last month said it would build up an emergency oil stockpile initially by buying crude to store in the U.S. Strategic Petroleum Reserve to take advantage of low oil prices. "We are exploring some possibility if we can store some of our investment in a different country ... we are exploring the possibility in the USA if we can store some of the low priced oil," Pradhan said. Oil prices have dropped more than 40% so far in 2020 but have picked up in the past few weeks partly due to efforts by the Organization of the Petroleum Exporting Countries and allies to reduce supply. Pradhan said India, which is the world's third biggest oil consumer and importer, had already filled its 5.33 million tonnes of strategic storage and parked about 8.5-9 million tonnes of oil … [Read more...] about India looks to store cheap oil in United States
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While another video posted by LV features pictures of rainbows painted by the children of Louis Vuitton's employees. The caption read: "A symbol of hope. Rainbows drawn by the children of #LouisVuitton employees have appeared across store windows worldwide as colourful beacons of joy during these challenging times." … [Read more...] about World’s major luxury brands make ‘Rainbow’ symbol of hope
On her 60-acre farm off Kanakpura Road, around 30 kilometres outside Bengaluru, Sunita Prabhakar, director of Gopalan Organics, is overseeing the packaging of vegetables before they are sent off to stores in the city before noon. “We are not able to keep up with the demand,” says Prabhakar, who began by exporting dry herbs in 2004 and added vegetables for the domestic market in 2009, a category they are looking to ramp up 10-fold next year. At present, domestic sales make up 40% of the Rs 80 lakh monthly revenue. The vegetables are sold in plastic bags with the logo of Gopalan Organics through stores in her family’s real estate firm, Gopalan Enterprises, and also online grocery stores like Big Basket. “Our farm is certified organic by Lacon — the German agency that certifies organic production of agricultural products — which is a must since we export most of our produce. They do inspections every three months, including random checks. … [Read more...] about Is organic food that you eat free of synthetic pesticides & chemical fertilisers?
The flagship phone has a 6.6-inch 1080p screen with a 120Hz refresh rate. The X3 Superzoom has an LCD panel, which makes its slightly larger than usual chin at the bottom edge. And this phone’s fingerprint sensor is embedded in the power button on the side, instead of on the display panel. … [Read more...] about Today’s cache | NASA’s SpaceX Demo-2 readies for launch, and more
Hibbett Sports, an athletic footwear an apparel retailer, beat Wall Street's earnings estimates. Same-store sales fell 19.5 percent during the coronavirus outbreak, but less than the 34 percent estimated by analysts. E-commerce sales more than doubled compared with the same period a year ago. … [Read more...] about US stocks open higher on hope for economic rebound