Category: Corporate

The oil price war has forced operators in the DJ Basin to drop rig count by 40% and reduce capital expenditure (capex) by US$ 384 million in 2020. By assessing the readjustment of capex for nine companies that account for approximately 75% of total DJ Basin production, leading data and analytics company GlobalData estimates a reduction of 44,438 barrels of oil equivalent per day (boed) in output for this group of companies as compared to the forecast for 2020 before the oil price crash.   Steven Ho, Oil and Gas…

As the coronavirus (COVID-19) pandemic leads to shortages of personal protective equipment (PPE) worldwide, a number of fashion retailers and manufacturers are mobilising their production facilities and supply chains to help fill the void, says GlobalData, a leading data and analytics company.   Beth Wright, Apparel Correspondent for GlobalData, comments: “As citizens and healthcare workers alike try to protect themselves from the virus, global stocks of essential goods such as face masks and hospital gowns are depleting. In an attempt to help, fashion firms ranging from retailers to suppliers are switching…

The sudden outbreak of the deadly pandemic Covid-19 has forced the existing education systems around the world to now rely on digital means to teach and communicate with the students.   The Educational Testing Service (ETS) has recently announced that The Test of English as a Foreign Language aka TOEFL and Graduate Record Examinations( GRE ) which are two of the most crucial exams to get into the best universities across the world are now going to be undertaken by students from their homes excluding just mainland China and Iran. However, SAT…

Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, today announced special measures to assist low income group customers impacted by the COVID-19 crisis.   • Airtel has extended the pre-paid pack validity for over 80 million customers till April 17th, 2020. All these customers will continue to get incoming calls on their Airtel mobile numbers even after the validity of their plan is exhausted.   • Airtel will also credit an additional Rs 10 of talk time in the pre-paid accounts of all these 80 million customers to enable them to make…

The Yes Bak crisis has completely shaken the industry and many fintech startups, especially PhonePe and BharatPay, faced the outrage as they failed to process UPI payment which has become a norm nowadays for millions of smartphone users.   As the central bank placed Yes Bank under moratorium till April 3rd, several startups including the digital payment firms PhonePe and BharatPe, which relied on Yes Bank as their banking partner seemed to face outages. It has been reported by many users of the PhonePe app that no Unified Payment Interface…

CitiusTech, a leading provider of healthcare technology services and solutions, announced today that Patrick (‘Pat’) Fry, former President and CEO of Sutter Health, has joined its board of directors.   “I am thrilled to join the CitiusTech board,” said Pat. “The healthcare industry faces many new challenges today, and technology is playing important role in shaping the future of the industry. I look forward to working with CitiusTech’s leadership team as they continue to deliver next-gen solutions and drive innovation in healthcare.”   Pat Fry brings over 30 years of healthcare experience,…

International Women’s Day is fast approaching, and 81.6% of UK women interviewed by data and analytics company GlobalData are aware of this long-established event. When women were asked what retailers should do for the occasion, the responses included in-store events (24.3%), offering discounts (31.4%) and highlighting the role of women in the brand (32.1%), but the most popular was giving a portion of sales to charity at 34.6%.   Retailers’ marketing initiatives surrounding International Women’s Day have increased. Last year, Mango offered 25% off its entire collection and, this year,…

JOHANNESBURG, SOUTH AFRICA – Media OutReach – Over the last few years, governments and organisations alike have had to facilitate the explosion of emerging technologies — such as AI, 5G and underpinning it all, IoT. This global disruptor requires far more than simply the infrastructure to support it — to be used effectively, IoT will also rely on innovative solutions to keep it secure and sustainable.   Total spending on IoT devices and services is set to reach $3.7 trillion by 2021 thanks to the expected 20.8 billion connected “things” used globally in…

I had spent 17 years in MNCs in various levels in India and Japan before the start up bug stuck me. It was in the summers of 2017 I had decided to take a full plunge into entrepreneurship. As I am coming from a pure working class background, I really didn’t have any leverage or the experience of business. The only thing I had was confidence in myself and truck load exposure through my rich experience working in top conglomerates at absolutely decision making levels. Some of my friends who…

Transformation is a popular word these days. Every organisation is talking about transforming itself. Some are looking at it as technology transformation in adopting cool technologies such as data science and Artificial Intelligence (AI). Some others are talking about it as a process transformation in bringing more transparency, decentralisation, agility, and efficiency. Yet others are talking of transforming services to meet a changing demographic dominated by millennials. It is unanimously clear that something needs to change, but what exactly it is, is not very clear. In this article, I posit…