MayaaVerse Creations And NTPC School of Business Partner To Explore Virtual Reality And Immersive Tech Education

MayaaVerse Creations Private Limited (MCPL), a leading developer of World’s first photo-realistic Immersive Tech platforms, and NTPC School of Business (NSB), a premier business school under the NTPC Education and Research Society, today announced a strategic collaboration to explore the use of virtual reality (VR) technology and create an immersive virtual campus within MCPL's Immersive Tech space.

This groundbreaking partnership aims to combine MCPL's cutting-edge Immersive Tech development capabilities with NSB's expertise in business education. By leveraging virtual reality, the collaboration seeks to provide students and faculty with an innovative and engaging learning environment within a fully realized virtual world.

"At NTPC School of Business, we are committed to embracing innovative technologies that enhance the learning experience for our students," said Dr. Rajeshwari Narendran, Director of NTPC School of Business. "By partnering with MayaaVerse Creations, we aim to explore the boundless possibilities of virtual reality and the Immersive Tech in education, fostering a more engaging and interactive learning journey for our students while preparing them for the digital future."

As the initiator of this long-standing partnership, MCPL is creating a virtual experience center for the NTPC School of Business. This center will provide students and visitors with an immersive journey through the institution's rich history, vision, achievements, and faculty lectures, along with various videos. Attendees will navigate through the remarkable story of this significant institution, gaining a deeper understanding and appreciation of its contributions to the country.

MCPL and NSB will also work together to create a virtual replica of the NSB campus within MCPL's Immersive Tech platform. This virtual replica will also allow students to attend classes, participate in discussions, and engage in various academic and extracurricular activities in a fully immersive and realistic digital environment.

By making education immersive, this collaboration is a joint step towards making education more comprehensive and extensive. With this enablement, we are adding a new chapter to modern education, where students don’t just learn but experience learning.

"We are thrilled to join forces with NTPC School of Business in pioneering the future of education in the metaverse," said Ashish Minocha, Chief Business Officer at MayaaVerse Creations. "This collaboration represents a significant step towards revolutionizing the way knowledge is imparted and experienced, empowering students with immersive and interactive learning opportunities that transcend traditional boundaries."

The collaboration between MCPL and NSB represents a significant milestone in the integration of virtual reality and Immersive Tech technologies into the education sector. As the Immersive Tech continues to evolve and gain mainstream adoption, this partnership positions both organizations at the forefront of this transformative shift, paving the way for new and innovative learning experiences.

About MayaaVerse Creations Pvt Ltd:

MayaaVerse is dedicated to delivering more than just a concept—it’s a comprehensive immersive technology platform embedded with AI, accessible to everyone. By empowering individuals and organizations to create, experience, and monetize in unprecedented digital environments, MayaaVerse is setting new standards in immersive experiences.

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About NTPC School of Business:

NTPC School of Business, established in 2014 under the aegis of NTPC Education and Research Society, is a premier business school dedicated to nurturing human capital for the energy sector. With a focus on innovation and industry-relevant education, NSB aims to produce future-ready professionals equipped with the skills and knowledge to drive the energy industry forward.

Wacom Launches Its First OLED Pen Display Wacom Movink

* Weighing 420g & measuring a mere 4mm at its thinnest point, Movink is the thinnest & lightest Wacom pen display ever

Wacom, the leading innovator of digital pen and ink solutions, today announced the launch of Wacom Movink, its first OLED pen display designed and developed to meet the needs of creative professionals, digital artists and design students.

Wacom Movink is a radically new product category that combines the professional pen experience of the Wacom Pro Pen 3 with a brilliant 13.3” inch full HD OLED display in a super slim, ultra-light, highly versatile, portable device at a competitive price. Because it works with most operating systems, users have access to their full software suite without compromising on performance, precision and preferred operating system.

“Wacom Movink is a first of its kind OLED pen display, designed to open up new possibilities for creative users. It is a great, competitively priced upgrade for many existing setups,” says Koji Yano, Senior Vice President for the Branded Business Unit at Wacom. “Market Data shows that 1 in 3 digital creatives use more than one creative pen device. They are also increasingly looking for portable solutions that deliver the same experience as their studio or desktop solutions. With Wacom Movink we can offer them the perfect solution that takes them wherever they need to be without compromising on performance, precision or experience. This quality could only be achieved with the cutting-edge OLED technology developed and provided by Samsung Display.”

“Wacom leaps into the next generation of display technology with the launch of a ground-breaking new product category. Wacom Movink unites the art of drawing and inking with moving and portability by combining a professional pen experience with a brilliant 13.3” inch, full HD OLED display in a super slim, ultra-light, highly versatile, sturdy device without compromising on performance, precision and software preferences”, says Rajiv Malik, Director, Wacom India.

Weighing only 420g and measuring a mere 4mm at its thinnest point, Wacom Movink sets a new standard as the thinnest and lightest Wacom pen display to date and many all-in-one devices currently on the market. The robust Corning Gorilla Glass and durable magnesium alloy body make Wacom Movink is a sturdy device that easily fits into any bag. The 13.3" Samsung OLED display delivers a Full HD resolution with 10-bit color, a contrast ratio of 100,000:1 and perfect black point thanks to the exceptional qualities of OLED technology.

Wacom Movink comes with a dedicated version of the Wacom Pro Pen 3* that offers impressive pen sensitivity and tilt detection for a wide range of artistic expressions, from powerful brushstrokes to delicate lines. Wacom Movink achieves the fastest response time along with increased pen detection height and no visible parallax. Wacom Movink is compatible with Windows, macOS, ChromeOS, and Android operating systems. Wacom Movink is also fully supported by Wacom Bridge, an innovative solution that radically improves working on supported remote desktop connections.

Wacom Movink 13 is very competitively priced at 72,999 INR, respectively and will be sold exclusively through the Wacom eStore (https://india-iws.in/products/wacom-movink-13) and selected resellers for enterprise and education customers starting today.

About Wacom

Wacom’s vision is to bring people and technology closer together through natural interface solutions. This has made it the world’s leading manufacturer of interactive pen tablets and displays as well as of digital styli and solutions for saving and processing digital signatures. The advanced technology of Wacom’s intuitive input devices has been used to create some of the most exciting digital art, films, special effects, fashion and designs around the world and provides business and home users with their leading interface technology to express their personality. Founded in 1983, Wacom is a global company based in Japan (Tokyo Stock Exchange 6727) with subsidiaries and affiliate offices around the world to support marketing and distribution in over 150 countries. For further information about the products of Wacom, see also www.wacom.com.

PhonePe Extends Loan Offerings To Consumers Across Multiple Categories

* Enables users to access loans across six categories including Mutual Fund Loan, Bike Loan, Car Loan, Home Loan/ Loan against Property, Gold Loan and Education Loan on the PhonePe app

PhonePe, today expanded its loan distribution offerings on its platform across six major categories - Bike Loan, Car Loan, Home Loan, Gold Loan, Education Loan and Mutual Fund Loan, in partnership with a network of trusted banks, non-banking financial companies (NBFCs) and fintechs.  With its unmatched distribution strength of 535+ Million registered users, PhonePe aims to create a powerful and seamless user experience in the secured loans category.

PhonePe has partnered with a carefully curated selection of top lenders such as Tata Capital, L&T Finance, Hero FinCorp, Muthoot Fincorp, DMI Housing Finance, Home First Finance, rupyy, Volt Money, Gradright and more lenders to be added in the coming weeks. The platform currently has 15 active partners and aims to scale to 25 by the next quarter. Users can avail the loan facility under the existing ‘Loan’ section on their PhonePe app, select their desired loan category, and choose from a list of lenders. The loan application journey is initiated within PhonePe’s familiar app environment, eliminating the need to navigate multiple applications and simplifying the process for the user.

Speaking on the launch, Hemant Gala, CEO, PhonePe Lending said, “We are excited to announce the launch of our lending platform across all major categories with top Banks and NBFCs. This provides us with the opportunity to connect lenders and millions of our customers across the country on a single platform to meet their financial needs. Lenders are investing heavily in digitising the secured loan journeys and customers are adapting to the digitisation at a rapid pace. We believe it’s a great time to revolutionise secured lending product experience for the customers working with the lending ecosystem.”

About PhonePe Group:

PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. In just 7 years, the company has scaled rapidly to become India’s leading consumer payments app with 535+ million registered users and a digital payments acceptance network of 39+ million merchants. PhonePe also processes over 255 million daily transactions with an annualized Total Payment Value (TPV) of USD 1.5+ Trillion.

On the back of its leadership in digital payments, PhonePe Group has expanded into financial services (Insurance, Lending, Wealth) as well as new consumer tech businesses (Pincode - hyperlocal e-commerce and Indus App Store - India's first localized App Store). PhonePe Group is an India headquartered technology company with a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

For more details: media@phonepe.com

Motorola Launches “moto g04s” Segment’s Leading 50MP Camera, Segment’s Best Gorilla® Glass 3 Protection And Premium Design

The moto g04s comes with strong upgrades on its popular predecessor (moto g04) with segment leading features such as 50MP main camera with Quad Pixel technology and a brilliant 90Hz display with Gorilla® Glass 3 protection at an incredible budget friendly effective price of just Rs. 6,999.

The moto g04 boasts a stunning design and comes with four vibrant colours made from premium materials. It has a brighter 16.66 cm (6.6”) punch-hole display with Dolby Atmos® powered speaker for ultimate entertainment.

The moto g04s comes with a massive 5000mAh battery that offers outstanding backup and comes with a 15W charger.

The phone also comes equipped with the latest Android™ 14 making the device more personal, protected, and accessible with privacy updates for health, safety, and data.

Further, the phone also has the UNISOC T606 processor with built-in 4GB RAM and 64GB storage option that ensures unmatched performance. Additionally, the moto g04s also gets RAM Boost of up to 8GB.

Consumers will be able to get the moto g04s at just Rs. 6,999 and will go on sale on Flipkart, Motorola.in and leading retail stores across India, starting 5th June 2024, 12PM onwards.

Motorola, India’s leading smartphone brand* has launched its latest entry level 4G smartphone the “moto g04s” which features some significant upgrades in camera and display over its popular predecessor - moto g04 while keeping the pricing unchanged and disruptive at just Rs. 6,999. It comes with segment’s leading 50MP main camera with Quad Pixel technology that can capture stunning pictures in both day and night conditions, has premium design with acrylic glass finish (PMMA) available in 4 attractive colours, and a brilliant segment leading 6.6” 90Hz punch hole display with segment’s best Gorilla® Glass 3 protection. Furthermore, the moto g04s boasts a 5000mAh battery that can run for days, comes with 15W fast charger, latest Android™ 14, and a powerful UNISOC T606 chipset in an in-built 4GB RAM with LPDDR4x memory type + 64GB UFS2.2 storage configuration and this can be extended up to 8GB RAM with the RAM boost option.

The moto g04s’sadvanced 50MP main camera comes with Quad Pixel technology which captures sharper more vivid photos. With Quad Pixel technology, users get 4x better low light sensitivity for more vibrant photos and features like image auto enhance allows users to shoot photos like a pro. The moto g04s also comes with different mode like HDR, Night Vision and Portrait mode to generate professional-looking shots automatically. On the front, users can enjoy social media ready selfies using its 5MP selfie camera (f/2.2 | 1.12µm), which features Face Retouch and Face Enhance (a built-in algorithm) which improves the quality and texture of selfies by automatically detecting the focus, lightning, and noise, and then adjusting accordingly.

The moto g04s boasts an exceptional design, beautifully crafted from premium materials. Its streamlined camera housing feels great in hand and the device is extremely thin just 7.99mm and lightweight just 178g of weight. Moreover, the side-mounted fingerprint reader ensures an easy and fast unlock along with high-quality matte finish on the back of the phone making it look as good as it feels. Available in four vibrant colours, namely Concord Black, Sea Green, Satin Blue, and Sunrise Orange, the moto g04s compliments every style. The IP52 water-repellent design also ensures the device stays protected even with light spills and splashes.

Users can enjoy a multidimensional audio-visual experience owing to the 16.66 cm (6.6”) 90 Hz display with a High Brightness mode complemented by a powerful Dolby Atmos® speaker. The display offers an immersive experience, eliminating all distractions and comes with the segment’s most advanced Gorilla® Glass 3 protection to ensure that the consumer stays worry free. High Brightness mode automatically adjusts the display outdoors so it’s easier to see, reaching peak brightness levels of up to 537 NITS. Conversely, the Night Light mode tints the screen amber, making the display easier to view in dim or poor lighting conditions. Matching such a remarkable display, Dolby Atmos® adds another dimension of audio, offering greater depth, clarity, and details.

Commenting on the launch, Mr. T.M. Narasimhan, Managing Director, Motorola India said “We are excited to launch the moto g04s – with significant upgrades over its predecessor at an affordable price. The moto g04s sets a new benchmark for entry-level smartphones which is aligned with our vision to democratize technology.”

The moto g04s comes with a massive 5000mAh battery that offers outstanding backup and comes with a 15W charger. Additionally, with Android™ 14 users can make their devices more personal, protected, and accessible while getting privacy updates for health, safety, and data. Ensuring unmatched performance, the smartphone equips UNISOC T606 processor with built-in 4 + 64GB RAM along with RAM Boost. The storage can be further expanded to 1TB via a dedicated microSD card and it also features a triple sim card slot.

Availability:

The moto g04s will be available in four beautiful colours: Concord Black, Sea Green, Satin Blue, and Sunrise Orange, featuring acrylic glass (PMMA) finish with a matte texture that makes it scratch-resistant.

moto g04s will be available only in 4GB RAM + 64GB storage and will go on sale on Flipkart, Motorola.in and leading retail stores starting 5th June 2024, 12PM onwards.

Launch Price:

4GB RAM + 64GB Storage: Rs. 6,999.

Socomec India Appoints Lohithashan Potti As "Deputy General Manager, Operational Marketing" For Power Conversion Business

Socomec, a global specialist in the design and manufacturing of LV power management solutions, is proud to announce the appointment of Lohithashan Potti as the Deputy General Manager, Operational Marketing of its Power Conversion business in the Greater India region. With over 19 years of experience in the electrical systems, UPS market, solar and energy storage systems, Lohithashan brings a wealth of expertise and leadership to his new role.

Lohithashan joins Socomec from Reliance Power Electronics Ltd, a subsidiary of Reliance Industries Ltd, where he served as the Senior General Manager of Product Management. Prior to this, he held senior roles at Fuji Electric India Pvt Ltd and has a notable history with Socomec itself, having served in various capacities from 2008 to 2016. Throughout his career, Lohithashan has demonstrated exceptional skills in product planning, execution, and lifecycle management, alongside a strong ability to align product vision with market and customer needs.

On this significant appointment, Mr. Meenu Singhal, Regional Managing Director - Greater India, Socomec, said: “We are delighted to welcome Lohithashan back to the Socomec family. His extensive experience and expertise in product management and business development will be invaluable as we continue to innovate and expand our power conversion solutions. We are confident that his leadership will drive our growth strategy and help us achieve new milestones in the region.”

In his new role, Lohithashan will oversee operational marketing, spearhead product development, and drive strategic initiatives to foster business growth. He will master the offer knowledge, execute the offer strategy in Greater India, and support sales strategy execution while collaborating with other regional teams to optimize results. His primary goals will be to ensure Socomec's solutions exceed customer expectations by prioritizing customer requirements, defining product vision, and working closely with all internal and external stakeholders to achieve revenue and customer satisfaction objectives.

Lohithashan expressed his enthusiasm for the new role, stating: “I am excited to re-join Socomec and be part of its journey to success. I look forward to collaborating with the exceptional teams to deliver exceptional value to our customers. By closely aligning with their needs and defining a clear product vision, we will achieve remarkable success and set new benchmarks in the power conversion market.”

Nuvama Gives A BUY Call For Indo Count; Sees Upside Of 22% With A Target Price Of Rs. 433

Highlights of financial Results:

Revenue rose 35% YoY to INR1,093cr (est. INR850cr) on higher volumes (up 40% to 28.6mn metres). Average realisation fell 3% YoY owing to a correction in cotton prices.

Gross margin contracted by 30bp YoY to 55% due to a change in the product mix. EBITDA grew 15% YoY on higher revenue (INR165cr versus our estimate of INR146cr), with a 280bp contraction in EBITDA margin to 15.1% on lower gross margin and higher marketing expenses (up 200bp).

PAT fell 3% YoY to INR92cr (est. INR92cr) on lower other income.

Revenue/EBITDA/PAT grew 18%/23%/22% in FY24 on higher volumes and positive operating leverage.

Sparx Unveils Its New Spring Summer Range For Indian Youth in 2024

* Experience Fashion And Comfort With Sparx's Stylish Collection For 2024

Sparx, the most trusted brand among Indian youth, has launched its product range for Spring Summer Collection 2024. The new range exudes stylish design and seamlessly blends functionality with fashion.

Speaking on the launch, Mr. Gaurav Dua Executive Director, Relaxo Footwear Ltd., said, “We're thrilled to unveil our new Spring Summer Collection, designed to meet the demands for stylish yet comfortable footwear. Made from lightweight, moisture-wicking materials featuring customizable fits, the versatile designs of the new range are ideal for both casual outings and daily activities. We are committed to providing an exceptional customer experience, and we believe this new collection will become the top choice for those seeking both elegance and practicality this season."

Sparx's new collection redefines fashion, style, and comfort with lightweight sandals made from sweat-wicking fabrics. Featuring adjustable fits, the new range support users of all genders and ages in their daily activities. The collection also offers a range of ultra-comfortable and trendy slippers. The digital campaign featuring the tagline "Sparx It's In Me" has already been launched across various platforms to bolster the company’s marketing efforts.

Sparx has gone all out to secure visibility and space at major retail outlets for the new Spring Summer Collection. Available at over 405 Exclusive Brand Outlets (EBOs) and leading footwear stores, the perfectly tailored collection is also available on www.relaxofootwear.com to meet the demands of the contemporary Indian lifestyle.