news (28)

8219691453?profile=original

Indian fuel retailers celebrate the festive season as Gasoil consumption rose by 6.6% from the last year’s figure during the October month. This has been the first such rebound since the nation entered COVID-19-related lockdown restrictions in March this year. Indian Oil Corporation (IOC), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. Ltd. (BPCL) own about 90% of the domestic retail fuel outlets.

Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/gasoline-and-gasoi

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8028317891?profile=original

According to ChemAnalyst report, “India Naphtha Market: Plant Capacity, Production, Operating Efficiency, Technology/Process, Demand & Supply, Type, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India’s Naphtha demand stood at 20 million tonnes in FY19 and is projected to grow at a CAGR of 6.25% in the forecast period. Increasing demand for Naphtha as a feedstock for obtaining several petrochemicals, such as ole

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According to ChemAnalyst report, “India High Density Polyethylene (HDPE): Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India High Density Polyethylene (HDPE) market is anticipated  to grow at a healthy CAGR of 7.25% during the forecast period due to rising demand for HDPE pipes from the country’s developing  agriculture sector further strengthened by

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According to ChemAnalyst report, “India Polystyrene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India’s Polystyrene market is expected to grow at a healthy CAGR of 5.5% during the forecast period due to increasing Polystyrene utilization in food packaging applications and take-away containers backed by country’s strongly growing restaurant foo

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According to ChemAnalyst report, “India Polyethylene Terephthalate (PET) Resin Market: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. India PET demand is anticipated to grow at a healthy CAGR of over 6.75% in the forecast period highly influenced by the enormous demand for PET packaging bottles in medical and healthcare industry. PET is a the

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8028315471?profile=original

According to ChemAnalyst report, “India mLLDPE Market: Plant Capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, Grade, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India’s metallocene linear low-density polyethylene (mLLDPE) market is expected to grow at a healthy CAGR of 7.21% during the forecast period on account of increasing utilization of mLLDPE in manufacturing superior quality and h

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8028318671?profile=original

According to ChemAnalyst report, “Global Cumene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Cumene market is projected to grow at a healthy CAGR of 4.03% during the forecast period on account of robust rise in Cumene demand for manufacturing Phenol and Acetone which can be further processed to produce resins, paints & coatings, plastics or construction materials. Incr

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8028318671?profile=original

According to ChemAnalyst report, “Global Benzene Market: Plant Capacity, Production, End Use, Sales Channel, Region, Operating Efficiency, Demand & Supply, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Benzene market is projected to grow at a CAGR of 4.5% during the forecast period on account of robust rise in demand for styrene polymers from various end-user industries such as textile, packaging, building & construction, etc. backed by rise in demand

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8028319658?profile=original

According to ChemAnalyst report, “Global Methanol Market: Plant Capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Methanol market is expected to grow at a healthy CAGR of 5.5% during the forecast period on account of increasing demand for Methanol-based fuels such as Neat Fuels, High Blends, Low Blends, etc. during the forecast period. In addition, Methanol is an ess

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According to ChemAnalyst report, “Global Hydrogen Peroxide Market: Plant Capacity, Production, Demand & Supply, Concentration, Grade, End Use, Sales Channel, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the global Hydrogen Peroxide market is expected to grow at a healthy CAGR of 5.1% during the forecast period on account of robust rise in demand from Paper and Pulp industry backed by unprecedented surge in Hydrogen Peroxide consumption for manufacturing disinfec

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Risks of Artificial Intelligence

Elon Musk, the man behind Tesla Motors' electric car and SpaceX, already warned us: Artificial Intelligence (AI) is likely to become the greatest threat to society. Even astronomer Stephen Hawking and other scientists warned us. But a monster created by ourselves that wants to destroy humanity raises many questions.

When you think of AI, the first thing that might pop into your head are the Hollywood films where evil robots play the leading role and want to take over the world. Well, science fict

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8028290652?profile=original Even a $1 trillion company cannot hide in the See-Through Economy. After a fourteen-year-old boy discovered a serious bug in Apple’s group FaceTime feature, his mother e-mailed, faxed, and tweeted the report to Apple. However, it wasn’t until after her tweet went viral that the bug was disabled. How could Apple have responded more efficiently and avoided this reputational risk?
Most Apple users are familiar with FaceTime, Apple’s video chatting software. The feature had recently been upgraded, s
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8219689880?profile=originalLast Friday, Marriott disclosed that the data of about 500 million guests had been exposed as a result of a hack that dates all the way back to 2014.

In 2014, hackers exploited the reservation system of Starwood Hotels and Resorts, which was acquired by Marriott in 2016. The breach exposed user data that not only included names, phone numbers, email addresses, passport numbers, and dates of birth, but even access to some encrypted credit card data.

As a result of this breach, Marriott may be one o

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8028276478?profile=originalUber has agreed to pay a hefty $148 million settlement after concealing a data breach in 2016 containing 57 million users’ data. In hopes of preventing this from recurring, it’s time for Uber to reassess their risk management practices, and in turn regain the public’s trust as well. 

Although this regulatory problem has resulted in a huge sum of money, this is not the greatest consequence Uber will face due to a risk management failure. The hit on Uber’s reputation is massive. The concept I call

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Year over year, scandals like Wells Fargo, Equifax, Chipotle and so many others have dominated news headlines as they wreak havoc on consumers, investors, and awaken industry and government regulators. What is driving this trend?

Consumers have entrusted corporations with increasing involvement and influence in their lives through the decades. In 2014, for example, the Supreme Court ruled that corporations have some of the rights and responsibilities as natural persons. In other words, corporatio

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8028272083?profile=originalWells Fargo has suffered the consequences of repeat scandals since 2016. This week, the bank agreed to a $1 billion settlement with federal regulators who have cited their lack of effective risk management practices as the root cause of their woes.

This settlement with the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency would be another blow to Wells Fargo in a long line of many.

Let’s look at a timeline of Wells Fargo’s risk management scandals:

  • 2009-2016 – Wells
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8028275279?profile=originalOrbitz said hackers may have accessed 880,000 credit card numbers and possibly the names, dates of birth, phone numbers, and addresses of consumers who booked through the site in 2016 and 2017.

The Orbitz data breach pales in comparison to the Equifax hack of 2017 and has been buried among headlines concerning Facebook. For many, this story barely counts as “news” because it’s just honestly not that “new.”

For me, the humdrum attitude of complacency is what makes the Orbitz data breach blogworthy.

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8028273466?profile=originalThe Securities and Exchange Commission charged Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh Balwani with raising more than $700 million from investors through an elaborate fraud in which they made false statements about the company’s technology, business, and financial performance. 

The way I look at it, the board was either in on the Theranos scandal, or they weren’t aware of what was going on. Either way, the board was not performing their moral and legal

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8028266893?profile=originalThis month, Tiger Brands, the major food conglomerate in South Africa, is entangled in a major scandal. 950 have fallen ill and 180 people have died from listeriosis, which makes this the biggest food-borne illness outbreak in history.

In the unraveling of this scandal, I see a proof point for two growing trends:

First, enterprise risk management, although a relatively new industry and discipline, is globalizing. In the U.S., companies like Chipotle and Wells Fargo fail to tie their scandals to th

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With an effective enterprise risk management program, risks at vendor facilities would be uncovered and prioritized, and mitigations would have been put into place.

On February 16, 2018, the FDA announced that low levels of an animal euthanasia drug were detected in canned dog food produced by the J.M. Smucker Company. Smucker stock dropped by 3% resulting in a loss of more than US$ 400 million is market value.

In a statement, the company said that it had “identified the root cause to be a single

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