Day: May 21, 2020

From Siberia to Iraq, Real Oil Is Soaring Almost Everywhere

(Bloomberg) — From the Middle East to Siberia, the North Sea down to Latin America, the prices of physical cargoes of crude oil are rallying hard almost everywhere, underpinning a surge in headline futures markets. Now, though, attention is turning toward just how sustainable the recovery will really be.

Brent crude traded on the ICE Futures Europe exchange has nearly doubled over the past month and is trading above $36 a barrel, while America’s West Texas Intermediate — which dipped into negative territory at one stage — has also soared. All that’s happened because global producers have slashed millions of

Companies must follow 3Rs to boost manufacturing output amid coronavirus scare

Artificial Intelligence will be a game-changer to improve accuracy in production and testing, with reduced human interventions.

Avneet Singh Marwah

The country has been in lockdown for more than 9 weeks considering the Covid-19 pandemic. This unprecedented situation has forced businesses to relook their strategies especially the consumer durables manufacturing industry. One of the significant steps under the lockdown was to halt the sale of “non-essential goods” which not only impacted the livelihoods of millions of labourers, but also resulted in a loss of Rs 20,000 crore in the electronics industry, alone. But we now need to relook our business

Make in India: Biomedical firms can gain from coronavirus the way IT industry used Y2K scare

Indian businesses can respond to the coronavirus challenge by quickly building capacity to produce relatively cheap testing kits, which could spark a boom in the biomedical industry.

India’s biomedical industry may use the coronavirus crisis as a watershed moment to build up capabilities the same way in which Indian IT sector emerged as a global player after the Y2K scare. Former RBI Governor Urjit Patel and noted economist Amartya Lahiri wrote in The Indian Express, establishing the relation between high-scale Covid-19 testing requirements in the coming years, and the likely benefit that Indian biomedical industry can derive from it. The