November, 2024 - Business News Week

news

Rushil Decor Limited Plans Strong FY2026 Growth by Expanding Jumbo Laminate and Plywood Segments

Nov 4, 2024 by Sujata 0 Comments #Growth, #Robust

AHMEDABAD, India, Nov. 4, 2024 – Rushil Decor Limited (BSE: 533470) (NSE: RUSHIL) announces a strong positive outlook for the upcoming financial year, with a focus on the strategic roll-out of its Jumbo Laminate Project and expansion into the plywood market. These projects reflect the company’s commitment to broadening its product offerings and exploring growth potential within new market segments.

Jumbo Laminate Project – Expanding Product Range and Market Reach:

The Jumbo Laminate Project in Gandhinagar is a pivotal initiative that will enable Rushil Decor to tap into the growing demand for thicker-format decorative laminates. Despite temporary delays in the project due to supply chain challenges and inclement weather, the Gandhinagar facility is now on track to commence operations by Q4 FY2025. This facility is projected to produce 2.8 million sheets annually, strengthening the company’s position in the expanding jumbo laminate market. In its first full year of operations, the Jumbo Laminate Plant is expected to generate INR 60 to 80 crore in revenue on a conservative basis, with an EBITDA margin of 14% to 16%. The project’s IRR is forecasted at 10% to 12%, with an equity IRR of 14% to 16%.

This new facility is not only an expansion of Rushil Decor’s production capabilities but also a testament to its vision of meeting market needs with quality products. The jumbo-sized laminates are aimed primarily at export markets, especially the USA and Europe. To ensure that this new product has an immediate foothold, the company has already started to set up sales and marketing networks. This includes appointing staff and distributors to drive market penetration across Europe and the USA. This strategic initiative is expected to enable Rushil Decor to capture the expanding market demand for jumbo laminate formats.

Strategic Entry into the Plywood Segment:

Rushil Decor’s foray into the plywood segment is a natural progression in its product diversification strategy. Although faced with minor delays, this joint venture is expected to generate revenues of INR 12 to 14 crore in its initial phase, scaling up to INR 45 to 50 crore in subsequent years with EBITDA margins estimated at 9% to 11%. Expansion into the plywood market is focused on offering a complete range of wood panel products to distributors, enabling opportunities for cross-selling across the product line and will focus solely on the Indian market.

Commenting on the outlook, Managing Director Rushil Thakkar said:

“With strategic expansions, the Jumbo Laminate Project’s imminent launch and growing international demand, Rushil Decor is positioned to deliver sustained growth and value creation in FY2026. Our focus on market-driven initiatives, expanding capacity and fostering long-term sustainability remains at the core of our mission. The company’s commitment to excellence in product quality, market expansion and sustainable growth serves as the foundation for its long-term commitment to stakeholders as it pursues new growth prospects in the dynamic MDF, Laminates and Plywood markets.”

technology

Geek Plus and Intel Unveil First Vision-Only Robot to Enhance Smart Logistics Efficiency

Nov 4, 2024 by Sujata 0 Comments #Robot, #Solution

BEIJING, Nov. 4, 2024 – Geek+, in collaboration with Intel, launched the world’s first Vision Only Robot Solution equipped with the Intel Visual Navigation Modules, driving the digital and intelligent transformation of the logistics industry with cutting-edge technology.

As the world’s first vision only robot solution equipped with the Intel Visual Navigation Modules, the Geek+ Vision Only Robot Solution not only possesses depth vision perception enabled by the Intel RealSense camera, but also features deep algorithmic innovations in V-SLAM positioning, composite detection networks, and robot following. This allows for highly accurate positioning, navigation, and obstacle avoidance, helping enterprises effectively cope with diverse and complex logistics scenarios while enhancing both efficiency and accuracy.

Advancing Depth Vision Perception

The Geek+ Vision Only Robot Solution is equipped with the Intel Visual Navigation Module, which integrates the Intel RealSense camera. This camera features a novel all-in-one design that enables all depth calculations to be performed directly within the device, resulting in low power consumption and independence from specific platforms or hardware. The Intel RealSense camera provides core support for various vision-based AI solutions, and when paired with a dedicated visual processor, it accelerates the machine learning process and shortens the deployment cycle of automation solutions.

Thanks to the Intel RealSense camera, the Geek+ Vision Only Robot observes, understands, interacts with, and learns from the environment. By obtaining highly accurate and consistent depth data from the environment, it accurately recognizes and interacts with its surroundings.

In addition to the camera, the Intel Visual Navigation Module also includes the Robotic Vision Hub, which contains components such as the Intel Core i7-1270P processor and connection modules. This provides reliable computational support for algorithms running on the Geek+ Vision Only Robot, including V-SLAM positioning, composite detection networks, and robot following, while enabling cloud-edge collaboration through high-speed networks.

Collaborating to Drive Algorithmic Innovation for Smart Logistics Upgrades

Building on the Intel Visual Navigation Module, Geek+ is working with Intel to engage in deep algorithmic innovation related to V-SLAM positioning, composite detection networks, and robot following:

V-SLAM Positioning Algorithm: It fuses multi-sensor data and various visual feature elements to generate composite maps, such as point feature maps, line feature maps, object maps, and special area maps. It delivers highly reliable and precise positioning in complex and dynamic environments.
Composite Detection Network: With both a traditional object detection network and a validation network, it processes detection data from multiple dimensions, thus enhancing accuracy and reducing the false detection rate.
Robot Following: By integrating modules like personnel detection, re-identification, and visual target tracking, Geek+ has developed a flexible and efficient visual perception pipeline. Once the relative position between the target personnel and the AMR is determined, the local planning algorithm in Geek+’s self-developed RoboGo, a robotic standalone system, will enable autonomous obstacle avoidance, resulting in smooth AMR following of the target personnel.

Leveraging the depth perception of the Intel Visual Navigation Module and the collaborative algorithmic innovation from both sides, the Geek+ Vision Only Robot ensures high precision and efficiency in environmental perception, positioning, and tracking. This facilitates logistics and warehousing service providers to drive the transformation toward smart logistics. The robots are expected to see widespread adoption in areas such as factory and warehouse transportation, helping customers build agile, digital, and intelligent supply chains.

Solomon Lee, VP of Product from Geek+ stated: “The Vision Only Robot Solution, developed in collaboration with Intel, effectively leverages the depth vision perception of the Intel RealSense camera. Together with the deep algorithmic innovations from both sides, it results in a boost in business growth and efficiency for customers, driving the digital and intelligent upgrade of smart logistics.”

Mark Yahiro, Vice President of Corporate Strategy and Ventures and the General Manager of the RealSense Business Unit at Intel Inc. within Intel’s Corporate Strategy Office remarked: “Highly accurate and consistent depth vision data is critical for AMR to achieve environmental perception, significantly influencing its performance in positioning, navigation, and obstacle avoidance. Through collaboration with Geek+, we are driving AMR innovations based on depth vision data, enabling logistics robots to deliver highly stable and accurate transport services in complex environments, thereby empowering agile, digital, and intelligent supply chains.”

Going forward, Geek+ will continue to strengthen its collaboration with Intel, driving technological innovations to develop more smart logistics solutions. This aims to empower our customers, unlock new quality productive forces in the logistics sector, and lead the future of smart logistics innovation.

This world’s first Vision Only Robots equipped with the Intel Visual Navigation Modules will make their debut at CeMAT. We warmly welcome you to visit the Geek+ booth at CeMAT 2024 (Hall N1, A3-2). Join us in exploring the limitless possibilities of smart logistics.

technology

TECNO Introduces ToneProud Campaign: Championing Representation in Imaging Technology

Nov 4, 2024 by Sujata 0 Comments #Eradicate, #skin

JAKARTA, Indonesia, Nov. 4, 2024- In a world where technology and AI shape perceptions, are smartphones truly capturing the full spectrum and beauty of human diversity, especially in often-overlooked emerging markets?

Today, TECNO, an innovative brand at the forefront of multi-skin tone imaging, gave its response to this question with the launch of its ToneProud campaign.

A study in 2018 from MIT and Stanford University made a worrying find: The existence of skin-type bias in some commercial-artificial intelligence systems. This bias is particularly concerning in the era of AI-driven imaging technology. Understanding and addressing these skin tone algorithmic biases through scientific data collection and innovative measurement is crucial for fostering a more equitable and inclusive society.

With the firm belief that imaging technologies should be free from bias, with every skin tone deserving fair representation as a vital aspect of human diversity, TECNO is launching the ToneProud campaign. The campaign aims to raise awareness about skin tone diversity while introducing TECNO’s unique 268 skin tone database to consumers. By assigning specific color codes to different skin tones with scientific classification, TECNO is not only addressing biases in skin tone color restoration and fine tuning the accuracy of its Universal Tone technology for fair representation, but also helping consumers to understand and feel proud of the diversity of skin tones worldwide, encouraging them to take a stand against the lack of true representation with TECNO.

The ToneProud Campaign – Standing Up for Equal Representation

The ToneProud campaign is supported and joined by global celebrities of diverse skin tones, including Indonesian-born singer-songwriter Anggun, Saudi Arabian filmmaker and actress Fatima Al-Banawi, Nigerian singer-songwriter Johnny Drille and Polish actress Ewa Kępys. In a film exploring the subject of being ToneProud released to mark the start of the campaign, the celebrities share their experiences of having their skin tones misrepresented, and their belief that technology should support diverse skin tones and true color.

Reflecting on her experiences of having her skin tone misrepresented, Anggun says: “I think, sometimes, you just need to be reminded that we’re all individual and we’re all beautiful in our own way.” TECNO’s ToneProud campaign is not just a campaign, but a call for more accurate representation of people’s true skin tone, and a reminder that we should all celebrate the beauty of human diversity.

Anggun added, “If the technology helps us, which is the approach of TECNO phones, it makes it easier to break barriers and change people’s perception, change mentality.”

Join TECNO’s Campaign to Embrace Your ToneProud Attitude

To mark the launch of the ToneProud campaign, TECNO is calling on consumers worldwide to celebrate skin tone diversity and show that they are proud of their own skin tones. Users across the globe are invited to discover their own skin tone code at www.tecno-mobile.com/universaltone. This website utilizes TECNO’s inclusive 268 skin tone patches to help raise awareness of the diversity of humanity and skin tones, encouraging everyone to be proud of their own skin tone.

“Over many years, TECNO has attached great importance to consumer research, and so we understand that skin tone misrepresentation (and underrepresentation) is an issue of real significance for our consumers especially in the emerging markets,” said Jack Guo, General Manager of TECNO. “Through the ToneProud campaign, we are standing with consumers, especially the misrepresented or underrepresented consumers, to make the case for greater inclusivity, while at the same time continuing to heavily invest in imaging R&D to innovate technologies to make a real impact on this problem.”

The 268 Skin Tone Patches – The Game Changer in Eliminating Bias in AI for Inclusive Skin Tone Imaging

Through this campaign, TECNO is highlighting its Universal Tone technology’s 268 skin tone patches to showcase human skin tone diversity. The 268 skin tone patches, as a milestone of progress in its global research project, are the vital foundation of the inclusive mobile imaging color card that sets a new benchmark for multi-skin tone imaging as the industry’s largest and most accurate skin tone database – a database that is continually expanding.

Developed with color science experts from leading global universities, this expansive skin tone database allows TECNO Universal Tone’s algorithms to accurately detect, analyze and render skin tones in a way that allows everyone to be truly seen.

“Knowing that there are 268 skin tones patches alone is a testament to individuality. In a world that tries to box us into narrow categories, it’s a small but profound way of saying you’re unique. So be proud and tell your story,” says Johnny Drille.

By eliminating bias and promoting authentic, inclusive representation, TECNO enables consumers to capture every shade of humanity and properly represent everyone in one picture. “What TECNO is doing with its Universal Tone feature is significantly crucial at this stage because this technology will set the foundations for an inclusive society,” emphasizes Fatima Al-Banawi in the campaign film.

Together with ToneProud, TECNO and its global community are championing the essence of diversity, reinforcing the message that every skin tone is a source of pride and a vital part of our shared human tapestry.

news

E& Launches Global Brand Refresh: Embrace the “Go for More” Vision

Nov 4, 2024 by Sujata 0 Comments #brand, #Positioning

ABU DHABI, UAE, Nov. 4, 2024- e&, a leading global technology group, today unveiled its latest brand positioning, “Go for More,” inviting audiences worldwide to discover its vast ecosystem of innovative services and solutions. This marks a milestone in e&’s journey to becoming a global technology powerhouse, highlighting its bold commitment to empowering people and businesses with a full suite of digital experiences, platforms, and tools designed to enrich everyday life and inspire ambition.

Hatem Dowidar, Group CEO, e&, articulated e&’s brand positioning and said: “We want everyone to know what we stand for. We’re a brand that champions the quest for more. Our new brand positioning is both our promise to and our overture for everyone to ‘Go for More’—our customers, shareholders, and ourselves. At our core, we believe everyone deserves a future full of possibilities— that’s what spurs our passion and commitment to deliver value, quality, and empowerment through every interaction.”

Bringing the brand promise to life through a global brand positioning

Connecting with global audiences across different cultures and interests is a line-up of internationally acclaimed personalities, including Jason Statham, Shah Rukh Khan, Lewis Hamilton, Megan Fox, Amina Khalil and Ismail Mattar. This culturally rich lineup represents the universality of e&’s message and brand reach across borders. Each celebrity resonates with a specific campaign segment and distinct audience demographics, creating natural virality across diverse cultures.

Celebrating the power of the e& ecosystem

e&’s diverse portfolio today spans connectivity, digital services, entertainment, fintech, and enterprise solutions. With its extensive range of services and capabilities, customers discover more ways to connect and be entertained, enabled by its state-of-the-art connectivity solutions to vibrant entertainment options, financial tools, and innovative mobility solutions, all crafted to simplify life and elevate experiences.

‘Go For More‘ provides a closer look at the rich ecosystem that defines e&, introducing a dynamic range of brands under the e& umbrella, each uniquely positioned to enrich people’s lives, enable businesses and empower the communities it serves.

Dowidar added, “We also want to share the story of the ‘&’ in our name so everyone knows who we are, what we do, the quality of what we offer, and the breadth and value of our ecosystem— a reminder of how far we’ve come and how far more we will go for our customers, enriching every moment, every day for everyone we reach, empowering them to pursue their more.”

Delivering an extensive portfolio of services to 38 countries in the Middle East, Asia, Africa, and Central and Eastern Europe, e& brings together emerging brands such as swyp, GoChat, and Onic, focusing on digital-first solutions tailored to digitally savvy audiences seeking flexibility and control in their communication experiences. Through platforms like e& life’s STARZPLAY, STARZ ON, and Arena—an innovative AI-powered social gaming service—e& offers more entertainment with various immersive viewing and gaming experiences, meeting diverse preferences across its footprint.

Understanding the growing need for more mobility with eco-friendly and convenient urban transportation, e& caters to the modern needs of mobile customers, redefining how they move around urban spaces. Solutions like Charge&Go and Careem provide accessible, sustainable, and convenient options for commuting.

e& combines innovation with more convenience through services that simplify and improve daily life. Careem Everything App, Smiles, e& money, and WIO provide people with seamless solutions for shopping, financial transactions, loyalty rewards, and personal finance.

Through a robust portfolio that includes e& enterprise, Help AG, Bespin Global, and WIO, e& continues to deliver more business solutions with advanced services in cybersecurity, cloud computing, digital payments, and AI-driven decision-making, empowering businesses to thrive in the digital economy.

Together, these brands form a powerful ecosystem that is the backbone of e&’s commitment to continuous innovation, empowering customers to do and achieve more in every aspect of life. Through the new positioning of ‘Go for More‘, e& demonstrates how this ecosystem adds value while also creating a journey of endless possibilities for everyone it reaches.

Capturing a legacy of innovation

Since its beginnings as the Emirates’ first telecommunications provider in 1976, e& has continuously evolved and consistently prioritised innovation and advancement. The “Go for More” brand positioning captures this legacy of growth that fueled e& transformation into a global technology group, reinforcing the group’s dedication to delivering future-forward solutions that empower customers and enterprises worldwide.

“With this brand positioning, we’re inviting people to explore more, to seek more in life, and to always expect more from us as we continue to build our brand story with every touchpoint and every experience,” Dowidar concluded.

news

Equity Markets Rally: A Promising Start to SAMVAT 2081 on November 1, 2024

Nov 2, 2024 by Sujata 0 Comments #Gains, #strong

Gaurav Garg, Research Analyst at Lemonn Markets Desk

Benchmark indices started the SAMVAT 2081 on a positive note with broad based gains and ended higher in special Diwali muhurat trading session on Friday. Broader Mid and Small caps also posted gains.

Auto stocks stole the show during the special Muhurat trading session for Samvat 2081 on November 2, driven by robust October sales updates. Leading the gains were M&M, Tata Motors, Bajaj Auto, Hyundai Motor, and Maruti Suzuki India, with shares climbing up to 3 percent, outpacing the Nifty 50’s modest increase. M&M stood out, setting a new record with 54,504 SUV sales in October, marking a 25% YoY increase.

All major sectors also ended in gains with Realty, Consumer Durables and Energy leading the pack while Finance and IT lagged.

Strong festive sales updates from automakers eased concerns over the slowdown in festive demand after disappointing Q2 earnings season.

Market focus remains on the earnings announcements. In US, election outcome will be watched next week.

news

Elevate Your Celebrations: Mindful Gifts for Enhanced Wellbeing This Festive Season

Nov 1, 2024 by Sujata 0 Comments #During, #Wellbeing

As the festive season arrives, embrace the spirit of giving with gifts that promote health and well-being. Organic India, dedicated to healthy, conscious living, presents a curated gifting range that emphasizes the importance of health-focused presents for your loved ones. Celebrate joy and tradition while nurturing wellness with Organic India’s thoughtfully crafted gifts, making it easy to share health and happiness this festive season

Exotic Brew Gift Box

– Elevate your tea-drinking experience with our exclusive Tulsi Green Tea-Exotic Brew Gift Box Set. This thoughtfully curated collection of three exquisite Tulsi tea varieties will delight the senses, soothe the soul, and make for a perfect gift for tea enthusiasts and wellness aficionados.

This set contains 3 types of organic Tulsi teas – Tulsi original, Tulsi green tea – lemon ginger and Tulsi green tea classic

B. Kappa gift box

– Premium Speciality Tulsi Teas 60 Tea Bags with Canvas Golden Print Top Cover best for best Corporate Gift, Birthday Gift, Return Gift & the Perfect Surprise Gift for Every Celebration

– Gift Box Contain 5 Tea Bags of each Tulsi Green Tea Classic, Tulsi Green Tea Honey & Lemon, Tulsi Mulethi, Tulsi Ginger, Tulsi Ginger Turmeric, Tulsi Honey Chamomile,Tulsi Sweet Rose, Tulsi Detox Kahwa, Tulsi Peppermint Refresh, Simply Chamomile, Moringa Hibiscus, Tulsi Green Tea Pomegranate

news

ICSSR Takes Center Stage at Frankfurt Book Fair 2024

Nov 1, 2024 by Sujata 0 Comments #book, #Frankfurt

Frankfurt, October 2024 – The Indian Council of Social Science Research (ICSSR) proudly participated in the Frankfurt Book Fair 2024 as part of the India National Stand, celebrating the theme Republic, a reflection of India’s remarkable journey of nation-building, freedom, equality, and governance.

ICSSR showcased its extensive work in the field of social and human sciences, setting up a dedicated book stall at the prestigious global event. Professor Dhananjay Singh, Member Secretary, ICSSR, welcomed the Consulate General of India, Frankfurt, to the ICSSR stall, in the esteemed presence of National Book Trust (NBT) Chairman, Dr. Milind Marathe, and Director of NBT, Yuvraj Malik.

During his visit, the Consulate General emphasized the importance of strengthening Indo-German collaboration in the field of social science research. He highlighted the role such initiatives play in fostering greater understanding and cooperation between the two countries, particularly in academic and intellectual spheres.

A key highlight of ICSSR’s participation was the international launch of the book “Lord Shiva in India and Abroad”. The event attracted significant attention from the global literary community and highlighted India’s rich cultural and philosophical heritage.

The launch ceremony was graced by eminent personalities from the literary and academic world, including Dr. Milind Marathe, Chairman of the National Book Trust (NBT), Dr. K. Sreenivasarao, Secretary of the Sahitya Akademi, and Prof. Badri Narayan Tiwari, a distinguished Sahitya Akademi Council Member. Their presence underscored the importance of cultural exchange and the role of Indian research in shaping the global intellectual landscape.

“Lord Shiva in India and Abroad” is a remarkable work that delves into the deep spiritual and cultural significance of Lord Shiva, not just within India but also in various cultures and countries around the world. The book explores how the worship of Lord Shiva transcends borders, symbolizing India’s profound influence on world spirituality.

The Frankfurt Book Fair provided an excellent platform for ICSSR to showcase its research and publications and to engage with scholars, publishers, and readers from across the globe. The fair serves as a catalyst for fostering international collaborations and highlighting India’s contributions to global scholarship.

ICSSR remains committed to advancing social science research and expanding the global reach of Indian intellectual traditions. The participation at the Frankfurt Book Fair 2024 is yet another step in this direction.

news

Actor Anurag Sharma Reflects on Typecasting: “I Want to Prove I’m a Versatile Performer”

Nov 1, 2024 by Sujata 0 Comments #particularly, #typecast

In the television industry, it’s common for actors to get typecast, particularly when they portray negative characters. Anurag Sharma, who is set to bid farewell to his role as Shamsher in Sun Neo’s Chhathi Maiyya Ki Bitiya, recently shared insights about his journey on the show and his thoughts on being typecast.

Anurag Sharma revealed that his role initially started as a cameo, but it soon expanded. The actor explained, “Taking on this role felt like a special cameo, much like what big stars do for friends in the industry. When I got the call, I was already committed to another project and had limited availability, but the scene in the first episode was compelling and well-written. Plus, the producers are friends who genuinely wanted me to be part of it. Initially, it was just one episode, but the role grew to 12-15 episodes, which was a delightful surprise. After I wrapped up my previous project, I got another call for Shamsher’s return, and since I had the time, I jumped back in. It’s bittersweet to say goodbye to the show; I genuinely enjoyed working with the team.”

Known for his negative roles, from Pavitra Rishta to Chhathi Maiyya Ki Bitiya, Anurag shared his concerns about being typecast. “I can’t help but wonder if I’ve been typecast. In my last three shows, I’ve predominantly played similar roles, and it seems like people automatically associate me with a negative character. While it’s flattering to have built a reputation, I hope to show that I’m a versatile actor who can tackle any character—positive or negative. In typical TV shows, the hero is often the strongest character, with the villain right beside him. When they think of a strong villain, they think of me, but I’d love the opportunity to be considered for a strong hero role someday, too.”

In Chhathi Maiyya Ki Bitiya, Anurag plays Shamsher, a tough character closely connected to Vaishnavi, portrayed by Brinda Dahal. His performance has garnered praise from the audience. The story follows Vaishnavi, an orphan who finds comfort and strength through her deep faith in Chhathi Maiyya (played by Sneha Wagh), who serves as a mother figure to her. The show stars a talented cast, including Sara Khan, Jaya Bhattacharya, Brinda Dahal, and Ashish Dixit.

news

Maini Group and SiMa.ai Join Forces to Innovate in Autonomous Mobility Solutions

Nov 1, 2024 by Sujata 0 Comments #Partnership, #Strategic

Bengaluru, November 1, 2024: Pioneers of India’s electric vehicle industry, the Maini Group, is excited to announce a strategic partnership with SiMa.ai, the embedded edge machine learning system-on-chip (MLSoC) company. This collaboration aims to transform the future of autonomous mobility, beginning with the integration of SiMa.ai’s cutting-edge ONE Platform for Edge AI into Virya Mobility’s autonomous transport solutions.

Virya Autonomous Technologies Pvt Ltd, a Maini Group Company, is developing AI-driven autonomous systems from the ground up, focusing on delivering intelligent, safe, and efficient mobility solutions. SiMa.ai is set to play a pivotal role in this transformation, providing edge-AI platforms that will power multiple aspects of autonomous operations and advance the next generation of mobility. The partnership is expected to deliver significant benefits in terms of improved performance, lower power consumption, and reduced total cost of ownership (TCO), providing cost-effective solutions for applications involving autonomous mobile robots (AMRs). The long-term vision includes leveraging SiMa.ai’s AI capabilities across other Maini Group companies, creating a comprehensive AI-driven mobility ecosystem.

Commenting on the partnership, Sandeep Maini, Chairman, Maini Group, said, “Partnering with SiMa.ai is an exciting step for us as we look to shape the future of autonomous mobility. We chose SiMa.ai as our AI partner because we see strong alignment between our expertise and their leadership in AI, making this collaboration a natural fit for driving innovation across our products. We’re just getting started—this partnership opens up incredible opportunities to scale AI across more of our products and create solutions that are not only more intelligent but also more sustainable in the long run.”

“Our collaboration with the Maini Group in India marks a game-changing moment in pushing AI-powered autonomous mobility to the next level.” said Harald Kroeger, Head of Sales and President of Automotive Business at SiMa.ai. “The rapid advancement of AI is transforming the landscape of autonomous mobility. SiMa.ai’s powerful MLSoC technology and flexible software, combined with Maini Group’s deep expertise in sustainable and autonomous vehicle solutions, is paving the way for the next generation of intelligent mobility. SiMa.ai’s software-centric ONE Platform for Edge AI seamlessly integrates with Virya’s mobility systems, enhancing performance, scalability, and adaptability across a wide range of applications. Together, we are setting a new benchmark for AI mobility solutions that address real-world challenges and propel the industry forward.”

Saba Gurusubramanian, CTO, Virya Autonomous Technologies Pvt Ltd, also commented, “AI is set to reshape the future of robotics, and at Virya, we are committed to leveraging its full potential to deliver solutions that create real value for our customers. Our collaboration with SiMa.ai aligns perfectly with this vision, providing the edge-AI capabilities needed for real-time decision-making and dynamic sensing—all with a low power footprint. This partnership enables us to offer faster, smarter, safer, and scalable solutions that evolve with our customers’ needs. We are excited to be one of the first Indian companies in the autonomous mobility space to integrate SiMa.ai’s platform into our systems, collaborating closely as we grow together to reshape the future of intelligent mobility.”

Archive: November 4, 2024