Amazfit Verge Lite with AMOLED Screen and GPS Relaunching at INR 4,999 in Indian Market

Huami Corporation, a biometric and activity data-driven company with significant expertise in smart wearable technology and the number 1 smartwatch brand in the watch segment, has relaunched Amazfit Verge Lite in India at an interesting price point. Starting July 14 onwards, customers can purchase Amazfit Verge Lite on Flipkart at INR 4,999. Huami has partnered with PR Innovations, a leading technology importer, to market and distribute Amazfit Verge Lite in India.

Earlier priced at INR 6,999, Verge Lite was launched in India last year, the lighter version to Amazfit’s flagship product Verge. Verge Lite comes with advanced functionalities like the lasting battery life of up to 20 days*, 1.3” AMOLED display, which gives the screen an incredibly bright and colorful appeal; durable protection with the anti-fingerprint reinforced Corning Gorilla Glass. Exciting features like GPS enabled + GLONASS dual positioning, multi-sport tracking, 24 hours heart rate monitor, music control, app notifications, set up alarms, event reminders, and customizable watch faces, making this latest addition a fitness companion for the millennials.

Amazfit Verge Lite is equipped to track 7 different fitness activities like running, cycling, and elliptical training with real-time monitoring. The smartwatch features a self-developed high-precision optical sensor for more precise and reliable heart rate monitoring data. It also provides 24hrs of continuous heart rate monitoring with a comprehensive daily and weekly view on the heart’s condition.

With a blend of advanced technology and sleek aesthetics, Verge Lite also has a sleeping tracker, keeping its users continuously informed about the daily regime.

For more detailed product information, please go to in.amazfit.com/pages/amazfit-verge-lite

*Test conditions for an approximately 20-day typical usage scenario: Under the factory default settings, wear for 24 hours, measure heart rate every 30 minutes, 60 minutes exercise per week with GPS enabled, the screen on 30 times a day when wrist-raising, and receive 150 messages per day. 

About Huami Corporation 

Huami is a biometric and activity data-driven company with significant expertise in smart wearable technology. Since its inception in 2013, Huami has quickly established its global market leadership and recognition by shipping millions of units of smart wearable devices. In 2018, Huami shipped 27.5 million units of smart wearable devices. Huami has one of the largest biometric and activity databases in the global smart wearables industry. Huami's mobile apps work hand in hand with its smart wearable devices and provide users with a comprehensive view and analysis of their biometric and activity data.

Vishal Info likely to buy firms in Europe

Mid-sized IT-enabled services and solutions providing company Vishal Information Technologies (VITL) is close to buying out two companies. Chennai-based VITL, a Rs 400-crore company, is looking at the inorganic route to expand its presence in international markets.

The company is in talks with two companies — one of them is a player in data digitisation and conversion/e-publishing company, while the other is a fund accounting/financial KPO company. This seems to be in synergy with own businesses. In order to fund these acquisitions, the company has recently issued global depository receipts (GDR) worth $30 million. This has been listed on the Luxembourg Stock Exchange. Six new equity shares will be issued on the conversion of each GDR.

Dilip Parekh, executive director, VITL, told ET that the company has identified a couple of companies in the UK and Sweden for possible buyouts. According to him, VITL was at an advanced stage of closing the deal. “We will be looking at two acquisitions with one having a size of $20-25 million and another will be $10-15 million.”

While this will be partly funded by the money raised through GDR, the balance will be through a share swap ratio. “The company will issue fresh shares to the target company, apart from the funds raised through GDR for the acquisition,” he said.

Founded in 2000, VITL is a subsidiary of Tutis Technologies, which specialises in biometric products, software development and consulting. VITL is a service provider to government and semi-government organisations, large and medium-sized companies, NGOs, universities, publishing houses and legal entities.

It focuses in the areas of providing solutions for the print production industry with services like e-publishing, e-book, print on demand, data and document management, data conversion, digital library management among others. It also has a subsidiary, Basiz, which is a fund accounting service KPO primarily focusing on servicing hedge funds, mutual funds, private equity firms among others.

Economictimes