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shankar besta

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Natural hazard losses will weigh on profitability of Indian property insurance industry, says GlobalData

Frequent natural catastrophic (nat-cat) events, such as the heavy rainfall in July 2023 in Northern India and the cyclone Biparjoy that hit Gujarat and parts of Rajasthan in June 2023, will challenge the profitability of the Indian property insurance industry, says GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the Indian […]
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Quantum computers could power future oil and gas computations, says GlobalData

The oil and gas industry has relied on traditional computers to tackle their mathematical challenges for decades. Despite the significant improvements in the speed and precision of classical supercomputers, they can sometimes fall short when calculations involve multiple variables. This limitation could be overcome with quantum computers, which, in theory, can perform some of the […]
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UEFA Champions League generates $606.3 million sponsorship revenue for 2023 season, reveals GlobalData

Sponsorship remains key in supporting the Union of European Football Associations (UEFA) in maintaining its global status of hosting the most prestigious club competitions in soccer. These partnerships are the most lucrative on offer and contribute to ensuring the Champions League maintains its status. For the 2023 season, the UEFA Champions League accumulated $606.3 million […]
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Janssen’s JNJ-2113 holds potential to become leading treatment for psoriasis, says GlobalData

Janssen Pharmaceuticals recently announced its latest clinical trial results of JNJ-2113, the novel, first-in-class oral interleukin 23 receptor (IL-23R) antagonist peptide in adult patients with moderate-to-severe plaque psoriasis (PsO). Representing an innovative oral therapy that specifically targets and binds with high affinity to the IL-23R, JNJ-2113 is set to become a leading treatment for this […]
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Asia to lead global propylene capacity additions by 2027, says GlobalData

Asia is set to lead the global propylene industry capacity additions with a share of 68.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Propylene Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast by Region and […]
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Key generative AI announcements affect global IT economies and reshuffle AI ecosystem, reveals GlobalData

Key generative AI (GenAI) announcements made in recent weeks have the potential to significantly threaten cloud platform rivals and reshuffle the industry’s AI ecosystem, while directives by national governments will impact global IT economies, says GlobalData, a leading data and analytics company. GlobalData has just released its first quarterly Generative AI Watch Newsletter, serving as […]
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Health and affordability key to tapping Indonesia’s soft drinks market, opines GlobalData

Since the authorities lifted all COVID-19 restrictions, on-the-go and on-premise consumption of non-alcoholic beverages has surged in Indonesia. However, consumers remain price-sensitive in light of the recent inflationary spike and economic uncertainty. This calls for soft drinks manufacturers to strike a fine balance between health & wellness and affordability to succeed in the Indonesian soft […]
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Taiwan life insurance market to witness growth from 2024 after years of decline, says GlobalData

After witnessing a continuous decline since 2019, Taiwan’s life insurance market is set to make a turnaround from 2024, driven by an improvement in the global macro-economic situation, an increase in interest rates and positive regulatory developments, according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, Taiwan’s life insurance market […]
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Opportunities rife for ethnic Indonesian fermented food and drinks firms in neighboring APAC countries, says GlobalData

Indonesia is a treasure trove of traditional fermented food and beverages. The demand for such probiotic/prebiotic-rich foods has risen significantly since the COVID-19 outbreak. In light of this rising demand, the Indonesian food safety agency recently released new legislation for regulating the production and marketing of fermented food and drinks. This will aid local manufacturers […]
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Hanwha deal to bolster Australia’s defense capabilities in Indo-Pacific amid China’s growing influence, says GlobalData

Following the news that Australia has selected Hanwha Defense’s AS21 Redback infantry fighting vehicles (IFVs); Kandlikar Venkatesh, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The procurement of AS21 Redback IFVs aimed at replacing the obsolete M113 fleet will be a major enhancement to Australia’s defense capabilities, indicating the country’s […]
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New recycling facilities could improve Tata Motors’ profit margins in near future, says GlobalData

Following the news that Tata Motors has opened its second registered vehicle scrapping facility (RVSF) in Bhubaneswar, Odisha, India; Rupayan Chakraborty, Automotive Analyst at GlobalData, offers his view: “Tata Motors, one of the renowned MNCs, inaugurated its second vehicle recycling facility in India for end-of-life vehicle recycling. The expansion is expected to lead to numerous […]
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