Need To Price Risk More Seriously: Desai
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Franklin Templeton Fixed Income CIO Sonal Desai discusses the treasury market and says investors will need to in price risk more seriously. She speaks with Sonali Basak on 'Real Yield.' (Source: Bloomberg)
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Yahoo
11 minutes ago
- Yahoo
Connected Ship Market to Reach $17.2 Billion by 2028
Delray Beach, FL, Aug. 10, 2025 (GLOBE NEWSWIRE) -- The report "Connected Ship Market by Application (Vessel Traffic Management, Fleet Operation, Fleet Health Monitoring, Other Applications), Installation (Onboard, Onshore), Platform (Ships, Ports) & Fit (Line Fit, Retrofit, Hybrid Fit) and Global Forecast to 2028" The Connected Ship market is estimated at USD 11.3 billion in 2023 and is projected to reach USD 17.2 billion by 2028, at a CAGR of 7.7 % from 2023 to 2028. The growth can be attributed to the increasing need for connected ship for commercial applications and navy missions. The demand for enhanced safety and security in maritime industry is driving the market for Connected Ship. The maritime industry is developing rapidly by building digitalized vessels with all advanced technologies to improve the efficiency of ship in maritime. Government support and growing investments are propelling the development of advanced ships, further boosting the growth of the Connected Ship Industry. Download PDF Brochure: Major Key Players in the Connected Ship Industry: ABB (Switzerland), Emerson Electric Co. (US), Wartsila (Finland), Kongsberg Gruppen ASA (Norway), and Thales Group (France). Connected Ship Market Segmentation: The Fleet Operation segment held the largest growth rate in the Connected Ship market by application. Fleet Operation Segment to hold the highest growth rate during the forecast period. These are widely adopted technological applications to provide real time data access and fleet optimization. Additionally, they can be easily employed on commercial and defence ship. Easy deployment and enhanced efficiency to drive the market for the segment. The Connected Ship Line fit segment is expected to account for the largest share of Connected Ship by Fit in 2023. By Fit, the Connected Ship market is segmented into Line fit, Retrofit and Hybrid fit. The line fit offer the installation of connected ship technology in new ship during its construction. Line fit provides more cost-effective installation process and is more seamlessly integrated into the ship systems, as the technology is designed to work with the ship existing architecture. The Onboard segment of the Connected ship market by installation is projected to dominate the market. The Connected ship market based on the installation is segmented into Onboard and Onshore. Onboard segment to hold the highest market and Onshore segment to hold the highest growth rate during the forecast period. The rapid development in the connected ship of maritime to enhanced safety and security is driving the growth of the market. Asia Pacific is to hold the highest growth rate in 2023. The Connected Ship market industry has been studied in North America, Europe, Asia Pacific, Rest of the World. The Asia Pacific region accounts for the highest growth rate during the forecast period due to the presence of major Ship Building companies in the region to enhance the growth of the market. China is expected to show the highest growth rate and highest market share of Asia Pacific Region for Connected Ship market. Increase in rise of demand for Connected ship for commercial and Défense drives the Connected Ship market in Asia Pacific Region. Ask for Sample Report: Connected Ship Market Key Takeaways By embracing digital transformation, shipowners are increasingly adopting connected technologies to improve operational efficiency, safety, and real-time decision-making at sea. By integrating advanced systems such as vessel traffic management and fleet operations centers, naval defence and commercial operators are enhancing situational awareness and security. By leading global demand, the commercial segment—especially in cargo and container ships—is seeing rapid adoption of connected systems to optimize route planning and fuel usage. By strengthening maritime Défense capabilities, naval forces are deploying connected technologies to improve communication, combat readiness, and data-sharing across fleets. By enabling centralized monitoring and predictive maintenance, the vessel infrastructure segment is gaining momentum, helping reduce downtime and lifecycle costs. By accounting for a significant market share, Europe is emerging as a key region, driven by its strong maritime presence and emphasis on technological upgrades in shipping fleets. By advancing satellite and cloud-based communication systems, connected ships are now able to maintain continuous data exchange, even in remote ocean regions. By supporting safer and more efficient maritime operations, the rise of cybersecurity and integrated platform management systems is transforming how ships are managed and maintained. CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@ Visit Our Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
12 minutes ago
- TechCrunch
Why investors just bet $85M on this Indian company's generic drug strategy
With over 400 million chronic patients, India is one of the world's largest medicine markets. But while most e-pharmacies chase speed, affordability remains the real challenge. Truemeds took a different route: helping patients switch to lower-cost substitutes, a bet now paying off with new funding at about four times its previous valuation. The six-year-old startup has raised $85 million in a new round that includes $65 million in primary and $20 million in secondary funding led by Accel, along with participation from Peak XV Partners. TechCrunch first reported on Accel's talks to back Truemeds last year. Existing investors WestBridge Capital and InfoEdge Ventures, also participated. The fresh round has boosted Truemeds' valuation to over $400 million, up from the $110 million in its last round two years ago. Founded in 2019, Truemeds entered the market at a time when India's online pharmacy space was already crowded with major players offering steep discounts on branded generics. But some of those companies struggled to sustain early momentum — Prosus Ventures-backed PharmEasy, for instance, saw its valuation drop from a peak of $5.6 billion to under $600 million, while 1mg was acquired by Tata Digital, part of the Tata Group. Instead of competing head-on, Truemeds' founders chose to focus on a relatively niche segment: generic medicines. 'There is no way to educate the user that you can have more affordable options if you can't afford these drugs,' said Truemeds co-founder Akshat Nayyar (pictured above, left) in an interview. 'That is where we felt that nobody in the value chain was working towards that, and we can bridge that gap.' The Mumbai-based recommends generic alternatives to consumers for the branded medicines they need. This eventually helps consumers save money, as generic drugs are typically more affordable than their branded versions due to cost efficiencies in their development process. Truemeds says its differentiated approach has paid off, with revenue growing over 66% year-over-year to ₹5 billion ($57 million) in the last financial year. The startup says it retains more than 15% of its revenue after 12 months and now serves an average of 500,000 customers each month, with a total of 3 million customers to date. Moreover, it says it now serves over 20,000 postal codes across the country, with more than 75% of its customers coming from tier-2 cities and beyond. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW However, educating customers about alternatives to their prescribed medicines — and convincing them to switch from branded drugs to generics — remains a challenge. 'Because you get anchored to your prescribed brand's price, and when you suddenly see a lower price, you want to know why it is low,' Nayyar told TechCrunch. Increasing discounts while competitors cut back While today's e-pharmacies chase speed over savings, the sector's early playbook was different. Online pharmacies in India used to offer discounts of up to 25% to attract customers. However, Nayyar said this dropped to 20% and then 15% — the new average — as most burned cash to acquire new customers and pivoted to faster delivery as their main differentiator. Meanwhile, Truemeds has gone in the opposite direction, increasing its average discounts from 29% to 32% in the last 12 months. For an average user who switches brands on the platform, savings reach 47% on their medicine, says the company. This comes from Truemeds' deep procurement relationships with pharma companies, where the startup uses its technology to give manufacturers better demand visibility, helping them plan production more efficiently for upcoming quarters, he said. The startup also relies on its own logistics in some of the major cities it operates in and uses low-cost logistics partners for the rest. 'We believe that our four-hour delivery model is more than sufficient from a chronic patient's perspective,' said Nayyar. 'You're able to do more planned purchases that way, but we want to do it in the most efficient manner, and pass more and more discounts to the end user rather than [focus on] the fastest delivery for that matter.' Next up: AI-powered customization and doorstep diagnostics As Truemeds needs to convince customers to choose generics over branded medicines, it goes through deeper consultations with them. It already conducts 10-12 million consultations per year. The startup has developed an algorithm over the years that looks at various parameters to precisely suggest alternatives to the branded drugs a customer demands. It considers nuances such as whether the medicine is sugar-coated if it is for a young patient, where it is manufactured, and whether the plant is GMP-certified, among others. The startup also has a chatbot to address some user queries quickly. Much more is on the roadmap. The company plans to develop an AI-based system that customizes conversations based on customers' behavior and previous interactions with generic alternatives. It's also opening a Bengaluru office while dedicating at least 20% of its capital to engineering and product development. Beyond medicines, Truemeds is plotting to enter diagnostics through partnerships with national pathology labs, planning to pilot lab testing services in some tier-2 cities in the next three to four months. 'The primary mission remains the same, which is making healthcare affordable for the end user,' the co-founder said. 'It started with medicines. Now that the model is getting established, we are going to keep scaling that. Simultaneously, we also want to see if we can do something similar on the diagnostics front, where we can be the lowest cost provider of at least the most common tests.' The startup also plans to increase its fulfillment center count by 300% — from 19 currently — over the next 12 months, aiming to deepen its presence in existing markets. Before this round, Truemeds raised $50 million and still has 30–35% of that capital in the bank, Nayyar said. The startup has a workforce of 2,800 people, with 250 based in its Mumbai office.
Wall Street Journal
13 minutes ago
- Wall Street Journal
Oil Falls Amid Easing Supply-Disruption Concerns
2338 GMT — Oil falls in the early Asian session amid easing concerns about supply disruptions. U.S. President Trump said Friday he would meet with Russian President Putin in Alaska on Aug. 15 after Putin presented the Trump administration with a proposal for a cease-fire in Ukraine. Geopolitical risks have eased, ANZ Research analysts say in a research report, citing the news. Also, U.S. tariffs have officially commenced, raising worries over weaker economic activity and hence, demand for crude oil, the analysts add. Front-month WTI crude oil futures are down 0.4% at $63.64/bbl; front-month Brent crude oil futures are 0.3% lower at $66.37/bbl. (
