New Delhi: India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. “If you look at the trend of the past few weeks, I’m confident that by the end of second quarter, demand will be as usual,” India’s Oil Minister Dharmendra Pradhan said at the BloombergNEF Summit, referring to the quarter ending September. “At the end of June, we have already achieved 85% of our demand compared to June 2019.” The world’s biggest lockdown put in place on March 25 in India pummeled demand for transportation and industrial fuels by as…
Author: Team Admin
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Citizen security officers of the Mossos d’Esq…
Sunscreen? Check. Towel? Check. Mask? Disinfectant? At least six feet of space? Depends on where and what beach. As tourists and travelers start to return to many of the world’s seasides, government health officials and scientists are turning their attention to every inch of sand to assess the risk of the coronavirus’s spread. But while the novel coronavirus may dislike direct sun and open air, it loves a crowd and shared spaces. That’s why officials in southern England were so shocked last week by what they classed as a “major incident” amid a heat wave: thousands of people packing beaches, all…
The campaign to convince marketers to ditch Facebook has added one of the world’s largest advertising spenders. The global consumer packaged goods company Unilever announced Friday that it will halt its advertising on Facebook and Instagram, joining a growing movement to stop spending ad dollars on the social media platforms. The New Jersey-based conglomerate also said it would pull its advertising from Twitter because of a polarized climate on social media, which is being exacerbated by the November election. In a post on its website, Unilever referred to its “Responsibility Framework that calls for more responsible platforms, content and infrastructure.” “Continuing…
The cross border tussle at the LAC in Ladakh coupled with the coronavirus pandemic has created a stir of anti-China sentiment among Indians calling to boycott Chinese smartphones and other products. However, Xiaomi India chief Manu Kumar Jain believes the sentiment is only limited to social media and is unlikely to affect the company’s business in India. In an interview with CNBC-TV18, Jain stated that Xiaomi is more Indian than any other smartphone brand. Over the past six years, Jain states that the company has brought its R&D, manufacturing and production team in India, generating employment for more than 50,000 locals.…
Google said on Thursday it plans to offer credit to millions of merchants in India through its Google Pay app starting later this year as the American technology group looks to help small businesses in the country steer through the pandemic and also find a business model for its mobile payments service. The company said it is working with financial institutions to offer loans to merchants from within Google Pay for Business app. The Google Pay’s business app, which the Android giant launched late last year, has already amassed 3 million merchants, it said. Google’s announcement today comes as part of its effort…