US emergency oil reserve at 40-year low

Posted on   10:31 am

The US’s emergency oil stockpile has plunged to a 40-year low as the shrinking Strategic Petroleum Reserve is limiting Washington’s ability to shield consumers from the fallout of Saudi Arabia’s aggressive supply cuts, according to Goldman Sachs.

Malabar Gold plans big for expansion

Posted on   10:24 am

Jewellery retailer Malabar Gold and Diamonds is planning to invest up to Rs 4,000 crore in the next fiscal on capacity expansion and opening of 95 stores in the country and overseas, a top company executive said on Thursday.

Jaismine Lamboria punches her way into quarters

Posted on   10:23 am

India’s Jaismine Lamboria won her women’s Lightweight (60kg) division round of 16 boxing bout against Saudi Arabia’s Hadeel Ghazwan Ashour after the referee stopped the contest in the second round at Hangzhou Asian Games on Thursday.