Adventure Awaits: Wonderla Presents Exciting Offers For All Ages!

Wonderla Holidays Ltd, India’s largest amusement park chain, is ready for the celebrations with the festivities around.  With the festivities of Ramzan around, Wonderla has announced a unique offer where visitors can avail tickets + biryani combo starting at just Rs.1899. This limited ticket offer is valid only for online bookings from 11th to 14th April 2024 and visitors can pre-book their tickets from 3rd April onwards.

That’s not it, Wonderla is also back with their Hall ticket offer. The Hall Ticket Offer is a unique discount offer available to students who have taken their 10th, 11th, and 12th exams for the 2023-2024 academic year. By presenting their original exam hall tickets, students can receive a 35% discount on Wonderla park entry tickets. This offer can be claimed both online and offline, but students must have their current year's hall ticket verified at the park before they can enter.

Also, Wonderla Bangalore has announced a Special Combo offer exclusively for college students to unwind and relax starting from 6th April 2024. The special combo ticket of park entry with food starting at Rs 1,550 is available both online & offline bookings. Students between the age of 16 – 24 years can avail the offer and are requested to carry their college ID card to avail the offer during park entry.

Wonderla encourages visitors to book their entry tickets in https://bookings.wonderla.com/ advance through online portal or customers can buy the tickets directly from the park counters or can contact Bengaluru Park - +91 80372 30333, +91 80350 73966.

GenAI Platform Hanooman Enters Into Strategic Partnership With 3AI Holding; Targeting To Reach 200 Million Users In India

·         To be launched on May 01, 2024, Hanooman (now jointly owned by SML India, that unveiled Indias homegrown Multimodal, Multilingual LLM at Nasscom NTLF in Feb 2024 and 3AI Holding, that launched QX Lab AI and Ask QX in Feb 2024) aims to be the most affordable and accessible GenAI platform for Indian users

·         ‘Hanooman’ targets to reach 200 million users in the first year of its launch in 22 Indian languages

·         3AI Holding’s homegrown proprietary patent pending Omega generative AI will now add its capabilities to  ‘Hanooman’ to increase its capabilities and strengths which will have then the potential to develop solutions across diverse industries

·         Hanooman will be a multimodal, multilingual platform that will bring together Text , Voice , Image and Code

3AI Holding Limited, a global AI investment firm from Abu Dhabi, that invests in AI infrastructure and AI foundational companies, today announced that it has entered into a strategic partnership with SML India, allowing them to jointly own ‘Hanooman’, India’s largest and most affordable, accessible, and attainable multilingual GenAI platform. Seetha Mahalaxmi Healthcare (SML) introduced Hanooman in Feb this year in NASSCOM’s NTLF Techade conference. 3AI Holding’s homegrown proprietary patent pending Omega generative AI will make ‘Hanooman’, bigger and more powerful, which is set to launch on May 01, 2024.

With the newly formed strategic partnership between 3AI Holding and SML, Hanooman aims to reach 200 million users in 22 Indian languages within the first year from the day of its launch. India's 142 crore population has 80% non-English speaking. Hanooman will empower everyone and will be within the reach of masses by coming up with local languages. It will be jointly owned by both parties, each holding a 50% share. With this joint venture, Hanooman will offer its multimodal and multilingual capabilities, including Text, Voice, Image and Code to its users. Through this joint collaboration, Hanooman, a foundational model built in India for India, will create a generative AI ecosystem for the world, enabling budding generative AI platforms to build their applications. It will also be offering the platform to startups and incubate them along with NASSCOM to ensure that Generative AI space thrives and India gets the required boost to lead this space. With its multilingual capabilities and collaboration with NASSCOM, Hanooman aims to benefit both end users and corporations.

SML India and 3AI Holding believe in the fundamental mission of ‘AI for All’, and the Memorandum of Understanding (MoU) signed by the two companies is a testimony to this commitment by democratizing the generative AI space for the Indian masses, under the brand name of ‘Hanooman’. This comes at a time when global generative AI companies are eyeing India, making it one of the critical markets for the development and consumption of AI products.

Speaking on the collaboration, Arjun Prasad, Managing Director, 3AI Holding, said, "We are committed to pushing the boundaries of AI innovation to enhance human well-being and societal development. The partnership with SML to power Hanooman, is a step towards our shared vision to provide equitable AI access to the Indian masses. We are focusing on catering to a diverse range of users through our advanced multilingual text capabilities. This collaboration is aligned with our vision of bridging the gap between India and Bharat. We are driven towards making AI inclusive and accessible to everyone in a language of their choice, reaching the remotest corners of the country."

Dr. Vishnu Vardhan, Co-Founder & CEO, SML India, said, "We are excited to partner with 3AI Holding to introduce a more advanced avatar of 'Hanooman,' which will revolutionize how Indians interact with technology. With this strategic partnership, we aim to reach 200 million users in 22 Indian languages within 12 months. 3AI Holding’s proprietary, patent-pending Omega generative AI will further help us expand our reach to the masses in a way that has never been possible before. This will make India a pioneer in the adoption and usage of AI, benefiting a vast majority of people in our country. This collaboration underscores our commitment to India by delivering advanced AI solutions for the Indian masses with application across industries like healthcare, legal services, and education, among others." Dr Vishnuvardhan, MIT alumni has many research projects and collaborations with IITB, MIT, OSU, UIUC and other eminent academic institutes of India and across the world.

Led by Arjun Prasad, a serial entrepreneur, 3AI Holding Limited, an Abu Dhabi based investment firm, is developing the next advanced version of Omega with 665 billion parameters and 20 trillion tokens that will compete with global generative AI platforms. 3AI is backed by the Patel Family Office, a third generation family office from the United States. 3AI Holding Limited recently launched Ask QX, a generative AI platform available in 100+ global languages and 12 Indian languages with 372 billion parameters, garnering more than 14 million users in the first 2 months of its launch. 

Founded by Indian founders, SML India is India's pioneer and one of the first globally to develop multilingual LLMS. Its groundbreaking work includes building India's first full-stack, enterprise-ready Gen AI models, setting a new benchmark in the Gen AI industry.

This joint venture embarks new era of repatriation of technology and talent and both Dr. Vishnu Vardhan, MIT alumnus and Arjun Prasad based out of Abu Dhabi are leading by example. This venture clearly indicates very promising reverse brain drain and holding and settling new talent within the country taking India to its technology prowess positioning. Both the founders were pretty confident that this is the definitive step in unlocking Trillion dollar economy potential from Generative AI for the country.

About 3AI Holding:

3AI Holding is an Abu Dhabi based investment firm whose primary mission is to invest in and create advanced AI systems, with a core focus on building platforms that are reliable and built for the masses. This is achieved through a combination of cutting-edge research, the development of safety measures, and the practical application of these systems through partnerships and products. For more information, visit: https://3aiholding.com/

About SML India:

SML India is an India based company in the generative AI business and is in the process of building a series of large language models (LLMs) that can respond in 11 Indian languages, like Hindi, Tamil, and Marathi, with plans to expand to more than 20 languages. For more information, visit: https://www.smlgen.ai/

Pre-Launch Bookings Open For The First-Ever All-Electric BMW i5 M60 xDrive

* The much-awaited all-electric performance sedan will be available in limited quantities.

* Combination of a particularly powerful electric drive delivering 600 hp with hallmark M driving characteristics.

* #BMW #BMWi5 #BMWIndia 

BMW India will open bookings for the first-ever all-electric BMW i5 from 12:30 Hrs, 04 April 2024 onwards. The car will be available in the country as a Completely Built-Up (CBU) model and can be booked at the BMW dealership network and through BMW Online Shop.

Mr. Vikram Pawah, President, BMW Group India said, “We are very excited to announce the pre-launch bookings of the first-ever BMW i5 M60 xDrive in India. The BMW i5 M60 xDrive is an epic athlete - it captivates from start to finish, and leads with elegant design, innovative technology and dynamic performance. BMW Group India has been a leader in the electric luxury car segment for two consecutive years, offering the most versatile portfolio - BMW i7, BMW iX, BMW i4, BMW iX1 and MINI SE. With the introduction of the first-ever BMW i5 M60 xDrive, we will further enhance the exceptionally diverse and innovative lineup of electric vehicles, and strengthen BMW Group India’s position in the Indian electric luxury car segment.”

The first-ever BMW i5 M60 xDrive combines the power of BMW M and the innovation of BMW i, and is precision-built for action and adrenaline. The BMW i5 M60 xDrive combines an output of up to 442 kW/601 hp drive with hallmark M performance and specific design features. The system torque generated of 820 Nm enables the BMW i5 M60 to accelerate from zero to 100 km/h in just 3.8 seconds, while delivering a WLTP range of up to 516 km.

Customers can visit https://www.bmw.in/i5M60 and explore a 360° view of the car’s exterior and interior. They will be directed to a bookings page where booking can be done through a secure online payment mechanism. Deliveries will be done on a first-come-first-serve basis starting May 2024.

Inauguration of Food Pod Marks Milestone In Culinary Education At WGSHA, MAHE

The Welcomgroup Graduate School of Hotel Administration (WGSHA), a constituent college of Manipal Academy of Higher Education (MAHE), proudly inaugurated its Food Pod today in a ceremony graced by esteemed dignitaries. Smt. Vasanti R Pai, Trustee of MAHE Trust, inaugurated the Food Pod in the presence of Pro-Chancellor Dr H S Ballal, Vice Chancellor Lt. Gen. (Dr.)  M D Venkatesh, and other officials from MAHE.

This pioneering initiative, spearheaded by WGSHA, sets a new standard in hospitality and culinary management education in India. Speaking at the occasion, Pro-Chancellor Dr H S Ballal commended WGSHA for its forward-thinking approach and commitment to innovation. "The inauguration of the Food Pod marks a significant milestone for WGSHA and MAHE," stated Dr. Ballal. "This initiative not only enriches the learning experience of our students but also underscores our dedication to staying at the forefront of educational excellence."

Vice Chancellor Lt. Gen. (Dr.) M D Venkatesh emphasized the transformative impact of the Food Pod on the educational landscape. "The Food Pod represents a paradigm shift in culinary education," remarked Dr. Venkatesh. "It provides students with invaluable real-world experience while promoting sustainable practices and local empowerment."

WGSHA, renowned for its pioneering strides in hospitality and culinary management education in the country, now adds another feather to its cap with the establishment of the Food Pod. Speaking at the inauguration, Chef K Thirugnanasambantham, Principal, WGSHA,  emphasized the uniqueness of this initiative, highlighting WGSHA's pride in being the first college in the country to embark on such endeavours.

"This Food Pod is one of its kind in the country" It provides our students with a remarkable opportunity to learn the commercial aspects of operating a food establishment, thereby honing their skills in culinary and operational management. In addition to our existing restaurants and cafes, this hands-on experience will enrich their educational journey."

MAHE is set to become the first university campus in the country to operate a Food Pod, setting a precedent in culinary education. The menu will predominantly feature local produce, emphasizing empowerment and sustainability principles. Chef K Thiru extended gratitude to MAHE and the leadership team of ITC for providing this unique opportunity to WGSHA students. Equipped with state-of-the-art facilities, the Food Pod is capable of catering to a variety of cuisines, including Quick Service Restaurant (QSR) offerings.

The inauguration of the Food Pod signifies WGSHA's commitment to offering holistic education that prepares students for the dynamic landscape of the hospitality industry. With this initiative, students will not only gain theoretical knowledge but also practical experience in food entrepreneurship and sustainability practices.

Motorola Launches “motorola edge 50 pro” In India With True Colour Camera And Display - Validated By Pantone, Disruptive AI Features

Highlights

The India launch of Motorola edge 50 pro is the global first announcement for the product.

The motorola edge 50 Pro features the World’s 1st AI Powered Pro Grade camera validated by Pantone to confidently capture true-to-life colors – the way you see them with your eyes.  

The phone’s camera also boasts of segment’s widest aperture (f/1.4) primary 50MP 2um Camera with OIS, a Telephoto lens with OIS and 30X Hybrid zoom and segment’s highest 50MP Selfie Camera with Auto Focus.

The motorola edge 50 Pro also features the World’s 1st 1.5K True Color Pantone Validated 3D curved Display phone with 144Hz refresh rate, 10 bit HDR10+, and 2000nits of peak brightness

The motorola edge 50 Pro is beautifully crafted with a harmonious design in Silicone Vegan Leather Finish along with Metal Frames and also features the World’s 1st Handmade design in Moonlight Pearl Finish and comes with an IP68 underwater protection.

Motorola edge 50 Pro brings exciting native AI enabled features with moto AI including AI Generative Theming, AI Photo Enhancement Engine, AI Adaptive Stabilization and more

The smartphone is powered by Snapdragon® 7 Gen 3 that boasts powerhouse performance and supports extensive AI experiences on the motorola edge 50 pro.

It also comes with Segment’s 1st and Only TurboPower™ 50W wireless charging along with 125W TurboPower™ charging and 10W reverse power sharing

motorola edge 50 Pro will go on sale at an effective price starting just 27,999* including a limited period introductory offer on Flipkart, Motorola.in and leading retail stores across India, starting 9th April 2024.

Motorola, India’s best 5G smartphone brand hosted the global first launch in India for its new premium smartphone – the motorola edge 50 Pro, the latest addition to its edge franchise. This smartphone is a quintessence of intelligence meeting art and is set to disrupt the premium smartphone segment. This smartphone features the World’s 1st and only AI Powered Pro-Grade Camera with True colors and vast range of human skin tones validated by Pantone1 and also the World’s 1st and only True Color Display on a smartphone, validated by Pantone. The motorola edge 50 Pro further boasts a beautifully crafted harmonious design and comes in the World’s 1st Handmade design in Moonlight Pearl Finish, handcrafted in Italy at its back. Additionally, it also features a powerful Snapdragon® 7 Gen 3 processor offering generative AI features and other disruptive features such as a blazing fast 125W TurboPower™ charging, 50W wireless charging, IP682 underwater protection and up to 12GB RAM with a 256GB Storage.

Equipped with the World’s 1st AI Powered Pro-Grade Camera with true color output validated by Pantone, the motorola edge 50 Pro is loaded with advancements that turn everyday moments into beautifully captured memories. The camera meets Pantone’s evaluation and grading criteria by authentically simulating the full range of real-world Pantone Colors.  Furthermore, Pantone SkinTone™ Validated assures the camera captures results representing the vast spectrum of human skin tones.

The advanced camera system of the motorola edge 50 Pro utilizes the power of moto ai to deliver phenomenal performance enhancements in both photos and video. The new AI Photo Enhancement Engine makes it effortless to capture perfect photos with every shot. No professional expertise required, it uses AI to simultaneously apply settings from multiple shooting modes into one to deliver peak quality. The engine uses AI to finetune the image for optimal detail, clarity, highlights, shadows, color, and bokeh.

When users want to capture all aspects of life in motion, a suite of new features makes it easier than ever. These features include:

AI Adaptive Stabilization that uses AI to determine the speed of movement while filming, and dynamically adjusts the stabilization level for the best results.

Intelligent Auto Focus Tracking that provides sharp, clear videos by using AI to keep the subject in focus even as it moves through the frame.

Action Shot which automatically increases and adjusts your shutter speed based on different lighting conditions. Using AI, the camera improves the details when light levels are poor and noise is high.

Plus, with the motorola edge 50 pro, Motorola is introducing the Style Sync feature, that uses generative AI to produce a set of four wallpaper options based on the user’s outfit, so they can tailor their phones with their personal style. Users can choose among different options and apply it directly to their wallpaper.

Loaded with exceptional features, its 50MP main camera with f/1.4, the widest aperture available in a smartphone, lets in 64% more light for better low-light performance and natural soft-focus backgrounds. The camera system also features instant all-pixel focus with 32x more focusing pixels for faster, more accurate performance in any condition, and OIS eliminates unwanted shakes for crystal clear photos. The motorola edge 50 Pro captures over a billion shades of color along with rich, vibrant details owing to its 4K HDR10+ recording capabilities. The rear camera also features a 13MP Ultrawide + Macro Vision sensor and 10MP telephoto camera with OIS featuring 3X optical and 30X hybrid zoom for capturing a wide range of scenes with precision and clarity. Moreover, the front camera also comes with a 50MP sensor which is the segment’s highest resolutions in its class, coupled with Quad Pixel technology which combines every four pixels into one for exceptional results.

The motorola edge 50 Pro comes with a nearly borderless 6.7" 1.5K Super HD (1220p) pOLED display that produces vibrant pictures with sharper detail and less pixelation, delivering 13% better resolution than the previous generation. It is the world’s 1st and only True Colour - Pantone Validated display on a smartphone, where users can confidently view color and skin tone in the way the content creator intended. The incredible display also features an unbelievably fast 144Hz refresh rate which adjusts automatically based on the type of content on the screen. Users can also experience faster responsiveness with a low latency 360Hz touch rate. All this with a peak brightness of 2000 nits. The motorola edge 50 Pro also flaunts a curved, endless edge display that’s virtually free from bezels and is thoughtfully crafted with a sense of harmony.

Its symmetrical curves flow through every element of the design and perfectly fit the contours of the hand, providing an impeccable in-hand feel. The smartphone comes in various colour options and two finishes. A soft, natural-feeling vegan leather finish in two colour options: Luxe Lavender and Black Beauty and World’s 1st Handmade design in Moonlight Pearl Finish. The motorola edge 50 Pro is engineered to last with a precision-cut aluminum frame, durable glass, and IP68 underwater protection, which makes the device stunning yet durable.

Speaking on the launch, Mr. T.M. Narasimhan, Managing Director, Motorola India said “We are thrilled to unveil the highly anticipated motorola edge 50 Pro, marking its global first launch in India. Motorola remains committed to meaningful innovation that extends beyond hardware advancements, as we strive to integrate AI technology with unique design elements. With the motorola edge 50 Pro, we are introducing native AI features – powered by moto AI along with the World’s first Pantone validated display and camera to capture and view content exactly as consumers see it with their own eyes. These innovations are poised to set new industry benchmarks, inspiring creativity and empowering users to unleash their full potential like never before. Aligned with our mission to democratize technology by offering exceptional features at competitive prices, we're eager to continue redefining the smartphone experience.”

The massive 4500mAh battery comfortably provides power for days and fuels up quickly with a blazing-fast 125W TurboPower™ charging, the fastest TurboPower™ charging ever. The device also features TurboPower™ 50W wireless charging, the highest in its segment, which eliminates the hassle of cords and cables. Furthermore, the motorola edge 50 Pro also supports 10W wireless power sharing to the ecosystem.

Additionally, the motorola edge 50 Pro disrupts performance benchmarks in its segment, powered with a Snapdragon® 7 Gen 3 Processor. Its accelerated Kyro CPU provides speeds up to 2.63GHz for faster multitasking and improved efficiency. Along with 15% better CPU performance, 50% better GPU performance, and 20% more power savings5. Users can also enjoy faster connections with support for Wi-Fi 6E. Additionally, the motorola edge 50 Pro runs smoothly with up to 12GB RAM and 256GB storage allowing for tons of room for photos, movies, songs, apps, and games. RAM Boost temporarily turns available storage into virtual RAM whenever extra speed is required, for faster app responses.

The motorola edge 50 Pro is more than just an advanced phone, it also pushes the boundaries of sustainability and eco-friendly packaging and design. Along with other additional camera and software features that enhance the user’s overall smartphone experience. Its new Hello UI is more intuitive and personalized having all Moto apps in one place and also comes with latest Android 14 with assured 3 OS upgrades and 4 years of security updates.

Availability:

The motorola edge 50 Pro will be available in three stunning PantoneTM Curated colour variants, Luxe Lavender and Black Beauty in silicone vegan leather finish and Moon Light Pearl in Acetate finish. The smartphone will go on sale from 9th April 2024, 12PM on Flipkart, Motorola.in and leading retail stores including Reliance Digital.

Flipkart will also open exclusive early access - Zero Hour sales for limited quantity of Handmade Moon Light Pearl Finish design during the live commerce on 8th April 2024, 7PM

Launch Price:

For 8GB RAM +256GB Storage variant (with 68W charger in box),              : INR 31,999

For 12GB RAM + 256GB Storage variant (with 125W charger in box),         : INR 35,999

Affordability Offers~:

Consumers can apply the following two offers to purchase the device making the effective price of the product starting at Rs. 27,999 (for 8GB+256GB) and Rs 31,999 (for 12GB+256GB)

Rs. 2,000 Additional bump-up on exchange value

Making the effective price of the product starting at Rs. 29,999 (for 8GB+256GB) and Rs 33,999 (for 12GB+256GB)

OR

Upto Rs. 2,250 Instant bank discount on HDFC Bank Cards

Rs. 2,250 Instant discount on HDFC Bank Credit card and debit card - EMI transactions

Making the effective price of the product starting at Rs. 29,749 (for 8GB+256GB) and Rs 33,749 (for 12GB+256GB)

Rs. 2,000 Instant Discount on HDFC Bank Credit Card – full swipe transactions

Making the effective price of the product starting at Rs. 29,999 (for 8GB+256GB) and Rs 33,999 (for 12GB+256GB)

Special Introductory Offer (Limited Period)

Consumers will further be able to avail a special introductory offer of additional Rs. 2,000 discount for a limited period only. This will make the effective price of the product Rs. 27,999 (for 8GB+256GB) and Rs 31,999 (for 12GB+256GB)

Additionally, consumers can also avail No Cost EMIs up to 9 months on HDFC Bank credit and debit cards– making the effective ownership cost starting at just Rs. 3,084/month.

Effective Price with all offers:

For 8GB+256GB variant (with 68W charger in box)          : INR 27,999 (including Rs. 2000 Introductory + bank/exchange offer)

For 12GB+256GB variant (with 125W charger in box)      : INR 31,999 (including Rs. 2000 Introductory + bank/exchange offer)

To know more about the product visit:   

Flipkart - https://www.flipkart.com/motorola-edge-50-pro-5g/p/itm11d08450e6a11?pid=MOBGXFXYMTKAMPTS

Motorola website - http://motorola.in/live-event

Operator Offers:

Consumers can avail additional benefits worth Rs. 15,000 from Reliance Jio.  

Cashback worth Rs 3,564  (Rs 99 x 36 months) on Jio Plus Plan of Rs 699 along with

Additional data worth Rs 3,600 (10GB per month X 36)

Additional partner offer woth Rs 8,500 like Ajio, Travel EMT, Growfitter, etc

To know more about the offer: https://drive.google.com/file/d/1A3VGkLyAGkWKuld5KxV2kDPZEqFMRtmm/view

Photo Caption: Mr. TM Narasimhan, Managing Director, Motorola India, Mr. Prashanth Mani, Executive Director, Motorola APAC, Mr. Ruben Castano, Global Head for Customer Experience and Design, Motorola & Mr. Shivam Ranjan, Marketing Head - APAC, Motorola.

Capri Global Capital’s New Brand Campaign “Farz Nibhaatey Hain”, Features Gujarat Titan Players

Capri Global Capital Ltd, a leading non-banking financial company and a sponsor of Team Gujarat Titans in IPL, has launched a new series of brand films linked with their campaign, "Farz Nibhaatey Hain”. Starring Shubman Gill, Captain, Gujarat Titans along with his teammates, allrounder Rahul Tewatia and pacer Mohit Sharma, this campaign reaffirms Capri Loans core ethos of putting customers first and underscores its dedication to serve its valued patrons.

Through a three crisp and bite-size ad-film series, the NBFC showcases various scenarios and interactions that Gujarat Titan Team members have with individuals and with a relationship manager of Capri Loans at their branch. First film highlights the flexibility of repayment of loan offered by the lender on its Gold Loans. The second ad film narrates a fun interaction between the team and their driver which highlights the hassle-free loan application and minimum documentation process at Capri Loans for their loyal customers. The 3rd film highlights the prioritised customer service at a Capri Loans branch.

The campaign will release on April 3rd, 2024 across various digital platforms and social media portals during this IPL season 2024. The ad link for your reference: https://youtu.be/XpeFxnDGxEo

"We are thrilled to launch the 'Farz Nibhaatey Hain' campaign, which underscores our unwavering dedication & commitment to provide exemplary service offerings to our customers," said Basant Dhawan, Group Chief Marketing Officer, Capri Global. "In today's fast-paced world, we understand the importance of providing convenient and accessible financial solutions. Through this campaign, and in partnership with Gujarat Titans, we aim to showcase how Capri Loans prioritizes customer needs with its unique product offerings besides valuing repeat customers with special loyalty benefits across its loan portfolios. The brand messaging being delivered by the Gujarat Titans players in the films will help us attract huge consumer eyeballs & build brand trust."

Echoing similar sentiments, Pramod Sharma, National Creative Director, Rediffusion Brand Solutions stated, "Our approach towards this campaign is rooted in authenticity and empathy of Capri Loan’s conduct towards their customers. Each video portrays a scenario that would resonate with our audience, who has or would experience the services and wide range of credit products that Capri Loans has to offer. We wanted to deliver a very strong message of a sense of duty that the Brand upholds in their day-to-day conduct, but in a very light-hearted way. This was the toughest part developing this storyboard. We are sure the viewers would identify it and appreciate it while cheering for their favourite team, the Gujarat Titans.” 

GE Vernova Completes Spin-Off And Begins Trading On The New York Stock Exchange

* A purpose-built company to electrify and decarbonize the world, uniquely positioned with a scope and scale of solutions to accelerate the energy transition  

Executing with sustainability, innovation and lean at its core and delivering disciplined growth, margin expansion, higher free cash flow, and effective capital allocation 

Trading on the New York Stock Exchange under “GEV” ticker symbol 

GE Vernova (NYSE: GEV) announced today that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today. In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, will ring the opening bell together at 9:30 AM ET. 

“Today, GE Vernova becomes an independent company singularly focused on accelerating the energy transition to create a more sustainable future,” said Scott Strazik, CEO of GE Vernova. “Our Power, Wind, and Electrification segments provide essential products and services to the electric power industry as we work to meet the growing power demands of economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is purpose-built to electrify and decarbonize the world, and I’m incredibly proud of what our team has accomplished with this milestone and excited to continue this journey alongside our customers and shareholders.”  

GE Vernova has more than 80,000 employees across more than 100 countries. Many of the world’s leading utilities, developers, governments, and large industrial electricity users rely on its installed base to generate, transfer, orchestrate, convert, and store electricity reliably and efficiently. With an installed base of over 7,000 gas turbines, the world’s largest, approximately 55,000 wind turbines, and leading-edge electrification technology, GE Vernova helps generate approximately 30% of the world’s electricity.  

At the company’s Investor Day in March, GE Vernova reaffirmed its 2024 financial guidance, and presented its 2025 financial guidance. Additionally, GE Vernova provided its outlook by 2028 including achieving mid-single digit organic revenue growth*, 10% adjusted EBITDA margin*, and 90-110% free cash flow* conversion.

GE Vernova serves a vital $265 billion industry segment that is estimated to grow to $435 billion by 2030. Increased electrification and decarbonization needs offer major opportunities, with generation capacity projected to more than double by 2040. To capitalize on this opportunity, the company is focused on executing with sustainability, innovation, and lean at its core and is building on its history of innovation by investing approximately $1 billion annually in research and development to drive breakthrough energy transition technologies.

*Non-GAAP Financial Measure

The spin-off of GE Vernova was achieved by GE’s distribution of all shares of the common stock of GE Vernova Inc. Each holder of record of GE common stock received one share of GE Vernova Inc. common stock for every four shares of GE common stock held on March 19, 2024.

GE Vernova will announce its first quarter earnings on April 25, 2024 at 7:30 AM ET, which can be accessed at www.gevernova.com/investors. 

Non-GAAP Financial Measures

In this document, the Company sometimes uses information derived from consolidated financial data but not presented in its financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission (SEC) rules. These non-GAAP financial measures supplement the Company’s GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons the Company uses these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in this press release and GE Vernova's Form 10 filed with the SEC and any updates or amendments it makes in future filings.

The Company cannot provide a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measure for free cash flow* conversion in the 2028 outlook without unreasonable effort due to the uncertainty of the costs and timing associated with potential restructuring actions and the impacts of depreciation and amortization.

About GE Vernova 

GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services, and Financial Services. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 80,000 employees across 100+ countries around the world. 

GE Vernova’s mission is embedded in its name – it retains its legacy, “GE,” as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy. Supported by the Company Purpose, The Energy to Change the World, GE Vernova will help deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova’s website and LinkedIn. https://www.gevernova.com/