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Category: Technology

  • Mitul Shah leapfrogs from Apple to Google

    Mitul Shah leapfrogs from Apple to Google

    MUMBAI: Apple’s loss is Google’s gain. The former’s head of consumer sales Mitul Shah has hopped onto Google as managing director – Google devices & services, India. He is leading Pixel’s sales and expansion in the country.

    Shah had worked at Apple for a good nine years, rising up the ranks as  head – assisted sales to head -consumer sales when he decided to move on from the innovative megacorp.

    Prior to that, Shah had also spent five years at Accenture, based in Gurgaon, working in sectors such as consumer goods and life sciences. He also had a stint with Infosys Technologies focusing on the areas of retail, CPG and logistics.

    Says Shah: “It’s an honor to be part of a company that’s at the forefront of innovation, and I’m particularly thrilled to be working on a product that has the potential to put the magic and power of AI in the pockets of millions of people across my beloved country. Pixel is not just another device. It’s an absolute privilege to be part of this story, to bring the best of Google to Indian consumers and build a more connected and empowered society. “

  • 56 per cent of Gen Z prefers GenAI over managers, finds upGrad Enterprise study

    56 per cent of Gen Z prefers GenAI over managers, finds upGrad Enterprise study

    Mumbai: UpGrad Enterprise, the corporate skilling and workforce development arm of India’s largest online skilling platform upGrad, has unveiled a groundbreaking report, The GenAI Gap: GenZ & the Modern Workplace. The study captures how Gen Z professionals are integrating Generative AI (GenAI) into their workflows and outlines opportunities and challenges for organizations in adapting to this shift.

    Based on insights from over 3,500 Gen Z professionals and 1,000 HR leaders, the report examines GenAI usage patterns, workplace attitudes, and the growing demand for AI-focused organisational policies and training.

    The findings reveal that Gen Z is embracing GenAI at a rapid pace:

    1    73 per cent of Gen Z professionals already use GenAI in their daily tasks, with 72 per cent trusting outputs with minimal edits.

    2    56 per cent prefer consulting GenAI over their managers, citing constant accessibility and impartiality as key reasons.

    3    65 per cent of Gen Z professionals feel optimistic about GenAI’s potential, viewing it as a catalyst for new opportunities, despite job security concerns.

    4    54 per cent believe their organization lacks adequate GenAI guidelines, while 52 per cent express dissatisfaction with workplace AI training programs.

    5    21 per cent of HR professionals feel comfortable using GenAI for regulatory training, highlighting a need for compliance-focused resources.

    upGrad Enterprise, CEO, Srikanth Iyengar emphasised the report’s relevance, “Years of working closely with global organizations have provided us with valuable insights into the challenges faced by both professionals and businesses navigating AI adoption. This report sheds light on Gen Z’s enthusiastic embrace of GenAI and highlights the urgent need for organizations to implement robust policies and targeted training. At upGrad Enterprise, we are committed to equipping professionals with the skills and tools they need to succeed in an AI-powered world.”

    The report also reveals Gen Z’s environmental consciousness, with this demographic being three times more concerned about GenAI’s ecological impact compared to organizations. The findings urge companies to address skills gaps and align workplace policies with Gen Z’s aspirations for innovation and efficiency.

    The GenAI Gap: GenZ & the Modern Workplace underscores India’s growing adaptability to AI and the unique expectations of Gen Z, a generation that sees technology as a key enabler of streamlined and impactful workflows.

    https://www.figma.com/proto/8D89EoVpct0rqMZvXadNTd/Insights-Report?page-id=0%3A1&node-id=1-2&node-type=frame&viewport=792%2C347%2C0.05&t=udSrXxTkSNxRQtp5-1&scaling=contain&content-scaling=fixed

  • India’s nonprofit sector lags in AI adoption, says new survey

    India’s nonprofit sector lags in AI adoption, says new survey

    Mumbai: As Artificial Intelligence (AI) revolutionises industries worldwide, India’s nonprofit sector finds itself at an early stage of AI adoption, with nearly 30 per cent of nonprofits yet to implement the technology, according to the India AI Readiness Report. Released by GivingTuesday Data Commons, the report offers insights into how 251 nonprofits across India are navigating AI’s transformative potential.

    The survey identifies two distinct groups—early adopters and late adopters—based on AI usage. Larger, urban nonprofits dominate the early adopter category, leveraging tools like generative AI and expressing a keen interest in expanding AI applications. In contrast, smaller, rural-focused organisations often lack technical resources, limiting their AI adoption primarily to basic tools.

    “This research is a critical benchmark in the efforts to ensure that the social sector is not left behind as AI becomes increasingly relevant. The India AI Readiness Report was developed as a supplement to the global study, focusing exclusively on insights from 251 organisations across the country. We hope this report will help anchor your decision making in relationship to AI, whether you’re a nonprofit considering how you compare to others in the AI adoption scale, a technology platform looking to better understand current nonprofit needs, an educator looking to develop resources for nonprofits, or a funder considering how to best support the sector’s AI adoption. By spotlighting India’s progress, we hope to spark further conversation around how to collectively approach AI adoption in the social sector and guide Indian nonprofits, funders, and stakeholders in their decision-making and collaborations,” said GivingTuesday, CEO, Asha Curran.

    The report highlights that systemic challenges—knowledge gaps and limited infrastructure—are significant barriers to equitable AI adoption. Addressing these requires collaboration among philanthropy, technology, and the nonprofit sectors.

    “This report highlights the nuances in current AI adoption and knowledge, and understanding these differences is integral to achieving equitable and beneficial AI adoption in the social sector. Addressing the systemic challenges of knowledge and infrastructure gaps, which are not unique to this technology, requires cross-sector collaboration among philanthropy, technology, nonprofit, and researchers. Collectively, identification of strategic and tactical use cases to move us from “how do we use” to “what do we need” will support an ecosystem that centres mission needs in the design, development, and governance for equitable outcomes,” added GivingTuesday, chief data officer, Woodrow Rosenbaum.

    Key Findings:

    . Early Adopters: Representing organisations with robust data-use policies, cloud-based systems, and technical expertise, 60-80 per cent are eager to explore advanced AI applications.

    . Late Adopters: Often resource-constrained, only about 10 per cent of these organisations show interest in future AI uses, with 40 per cent unsure of potential applications.

    . Regional Insights: Western India leads in AI demand but has the lowest percentage of nonprofits employing technical staff.

  • VdoCipher launches new live streaming service

    VdoCipher launches new live streaming service

    Mumbai: VdoCipher launched its live streaming service one-to-many live broadcast solution in its efforts to offer secure, scalable, and high-performing online digital content delivery service for its customers all over the world. With its live streaming offerings, the company aims to empower businesses, educators, and creators to engage audiences in real-time with seamless, smooth, and immersive streaming experiences.

    Since this new service is integrated with the platform’s existing suite of video hosting solutions, it provides users with a comprehensive platform to manage and deliver both on-demand and live content. This unified solution is built on top of a robust infrastructure with advanced protocols for smooth video playback of very high quality, giving audiences an immersive experience worldwide.

    Building on this integration, the service is designed to serve all kinds of use cases, from small webinars to huge events, regardless of the audience size. Its scalability feature is backed by dedicated streaming servers and AWS and Google Cloud infrastructure to ensure both uptime and reliability in 6 continents.

    To complement its versatility, the live streaming service includes several key features, such as real-time engagement during a live session through anonymous and authenticated user chat functionality. Other key offerings include DVR (option to go back in live stream), domain restriction and schedule streams in advance. Streamed content is automatically recorded with DRM protection and securely stored on the customer’s dashboard, which can then be embedded in websites or apps. It also supports flexible stream setup by integrating with broadcasting software such as OBS, Vmix, and simultaneously enabling screen sharing and multi-source streaming from a single account.

    Use cases on VdoCipher are from five key industries

    1    Education and e-learning platforms stream live lectures, workshops, and seminars, increasing accessibility for students.

    2    Events and entertainment reach global audiences through live streaming of concerts, sports, and conferences.

    3    Religious organizations stream services and ceremonies, allowing remote participation in significant events.

    4    Spiritual organizations and health creators stream yoga, meditation and wellness programs live.

    5    Businesses, from corporations to influencers, utilize live streaming for product launches, customer support, and real-time engagement.

    VdoCipher already serves more than 3,000 platforms in 120+ countries across 6 continents. Since the launch of the new service, its user count has begun to increase as more paid users subscribe to the product.

    VdoCipher CEO Siddhant Jain said, “We understand the immense value content creators and broadcasters place on their intellectual property. With our new live streaming services, we aim to empower businesses, educators, and creators to engage their audiences in real-time with seamless, immersive, and best-in-class streaming experiences. The global live-streaming market size was valued at $55.4 billion in 2022 and is projected to grow from $71.63 billion in 2023 to $559.62 billion by 2032, exhibiting a CAGR of 29.30% during 2023-2032. As this industry continues to experience exponential growth, we are well-positioned to meet the increasing demand for real-time content delivery. By combining high-quality video delivery, scalability, and our renowned features, we are providing a comprehensive platform that enables our users to focus on creating compelling content while we handle the technical complexities of live broadcasting. We are committed to driving innovation in the live streaming space and helping our customers succeed in the digital age.” 

  • AI Journey, Sber’s International conference on AI & ML

    AI Journey, Sber’s International conference on AI & ML

    Mumbai: AI Journey International Conference on Artificial Intelligence and Machine Learning will be held on 11–13 December in Moscow. AI Journey will once again be the place to create a future with AI, featuring discussions of the role of AI-driven technology in helping humans and generating new ideas and notions that will define the industry’s development for years ahead. The conference’s agenda will focus on AI capabilities for human benefit and people’s and organizations’ expectations and perceptions of the role of AI. The event will be held offline and broadcast live at the website.

    Sberbank, first deputy chairman of the executive board Alexander Vedyakhin: “AI Journey is coming to Moscow on December 11–13. It is not only a major international conference on artificial intelligence but also a space for developers and researchers to boost their professional growth. 2024 is the year of Russia’s chairmanship in BRICS. Therefore, the theme of international collaboration will be reflected in our conference’s agenda. I invite everyone who is interested in artificial intelligence and who develops these technologies or uses them in work and in everyday life to join this three-day journey to discover something entertaining and useful and the new horizons of AI capabilities. The main theme of AI Journey 2024 will be artificial intelligence as an assistant in all spheres of human lives and a tool that helps each of us achieve more and unlock our potential, moving the whole country forward.”

    The AI Journey program will feature three tracks: Science, Business, and Society, engaging leading Russian and international researchers, scientists, government officials, and business people. The key presentations on the main stage will be interpreted live into the Russian Sign Language.

    Science will include reports from top international researchers, the latest achievements in AI technology development, and the AI’s support in research.

    Business will feature hands-on AI solution implementation cases across industries and demos of AI capabilities to improve enterprise performance.

    Society will focus on artificial intelligence as a means to tackle social problems. For instance, guests will learn how AI supports the planet’s sustainable development, helps people at work and at home, and unlocks human potential. The special AI Junior track will immerse all AI newbies into the world of artificial intelligence.

    The conference in Moscow completes the series of events that have taken place throughout the year: the finalists of AI Challenge, a contest for young data scientists, and of AIJ Contest, a challenge for experienced AI specialists, will be awarded. AI Journey will also look at the results of the open research paper selection, AIJ Science. The most significant papers will be included in the scientific journal issued in collaboration with the Russian Academy of Sciences. The author of the best article will receive a money prize. 

  • Video production company QuickLink talks about carving a niche in the M&E industry

    Video production company QuickLink talks about carving a niche in the M&E industry

    With content consumption on the rise through 2024, and projected to keep increasing in the coming years, the demand for tools and technology that aid production is also on the rise. A fast-growing sector within content creation is video production. At the crossroads is QuickLink, the provider of video production and contribution solutions.

    In an email interaction with Indiantelevision, a representative of the company spoke about QuickLink’s tools, its presence across various regions, its successful collaborations and its future plans. Below is an excerpt from the interview:

    It has been 21 years since QuickLink was founded. Can you share the important milestones?

    Since QuickLink was founded in May 2003, it has achieved significant milestones. QuickLink initially developed an encoder for the BBC and ABC to enhance its coverage of the Iraq War. In April 2014, a pivotal partnership with Microsoft resulted in the QuickLink TX (Skype TX), a solution that enabled high-quality Skype callers to seamlessly integrate into broadcast workflows. By early 2017, we introduced QuickLink Studio (now StudioCall), enhancing the professional experience for remote guests joining productions from any desktop or mobile device.

    Later, in August 2017, QuickLink TX technology was awarded an Emmy for Technology & Engineering, solidifying its impact on the broadcast industry. Skype TX, adopted by over 10,000 broadcasters worldwide, has facilitated millions of minutes of high-quality Skype calls. QuickLink received the Queen’s Award for Enterprise in Innovation in April 2018. To support its growing North American presence, we opened our first US office in Hackensack, New Jersey, in December 2020. This year, we launched StudioPro, a highly accessible video production platform, followed by StudioEdge, the world’s first multi-platform remote guest solution, launched at IBC Show 2024.

    Can you tell us about your solutions for broadcasters, VFX studios, and production houses?

    QuickLink provides tailored solutions for various production needs:

    . For broadcasters: Our StudioPro offers broadcasters a comprehensive platform for creating high-quality, on-brand productions with ease, while StudioEdge is ideal for bringing in remote guests and managing them within a unified platform. These tools streamline workflows, enhance production quality, and integrate with existing technologies effortlessly.

    . For VFX studios and production houses: StudioEdge and StudioPro serve as valuable tools for VFX studios, enabling them to produce content with remote talent or guests while maintaining high video and audio standards. These platforms simplify complex production requirements, making it easy to control and monitor remote feeds seamlessly.

    What are your key market areas? Do you look at India as a market?

    We have a strong presence across multiple sectors. StudioEdge caters primarily to broadcast and production industries, providing organisations with the means to create content cost-effectively and integrate varied technologies into a cohesive, easy-to-use remote guest platform. StudioPro finds applications in corporate, educational, governmental, and other sectors, allowing users to produce professional-quality, branded content with ease.

    India has emerged as a substantial market for us, particularly with strong interest from television broadcasting and production companies eager to enhance guest interviews, simplify platform unification and boost content quality. QuickLink’s solutions are well-positioned to meet these needs in India.

    Can you share more about the recent collaboration with ITV Studios on Saturday Night Takeaway?

    Our StudioEdge powered remote production elements for ITV Studios’ Saturday Night Takeaway, one of the UK’s popular shows. StudioEdge enabled seamless, high-quality remote guest appearances and feeds throughout the show, providing efficient management and integration. The success of this collaboration has led to further projects with ITV Studios, including future major television events worldwide.

    How was IBC and NAB for you? What other events are you exploring?

    IBC and NAB (New York and Las Vegas) were tremendously successful for us, with StudioPro and StudioEdge receiving outstanding feedback. StudioEdge was a highlight of IBC, winning TV Technology’s Best of Show Award for its efficiency improvements and solutions to industry challenges. Looking ahead to 2025, we plan to attend the shows above as well as MPTS and InfoComm, along with regional shows like Broadcast India Show and Broadcast Asia in partnership with resellers.

    What are the major tech trends you see in the production ecosystem?

    In the evolving production ecosystem, we identify AI as a game-changer, enhancing production efficiency and quality. StudioPro and StudioEdge leverage AI for optimised video and audio, while partnerships and integrations continue to be pivotal. We work with a broad array of ecosystem partners, including Audinate, Canon, Grass Valley, Microsoft, NVIDIA, and others, fostering a complete production ecosystem.

    What are you most excited about in the media and entertainment industry?

    We are particularly excited about the impact of AI and machine learning on efficiency, and QuickLink is committed to embedding these advancements into its solutions.

    Do you have new updates or launches planned?

    StudioEdge remains in its initial launch phase, with exciting updates and new releases expected soon. We are continuously working on innovations to advance its offerings, promising further transformative solutions for its clients.

  • New Relic appoints Charlie Thompson as SVP & MD for EMEA expansion

    New Relic appoints Charlie Thompson as SVP & MD for EMEA expansion

    Mumbai: New Relic, the Intelligent Observability Platform, has announced the appointment of Charlie Thompson as Senior Vice President and Managing Director of EMEA. In this role, Thompson will spearhead market expansion and sales growth across Europe, the Middle East, and Africa. He will work closely with enterprises to harness New Relic’s innovative platform for driving reliability, fostering innovation, and delivering superior customer experiences.  

    Thompson brings nearly two decades of expertise in global sales leadership, having previously served as senior vice president of EMEA and LATAM at Appian. During his tenure, he achieved significant market growth, expanding enterprise and partner networks while securing major customer wins. He has also held key roles at Pegasystems, Detica, and Fujitsu, where he demonstrated a knack for building high-performing teams and fostering collaboration.  

    Before transitioning into the tech industry, Thompson served for 16 years in the British Army, retiring as a Major after completing multiple international deployments.  

    Commenting on the appointment, New Relic CEO, Ashan Willy said, “Charlie brings extensive expertise in international markets, global sales, channels, enterprises, and working across a wide variety of industries. He has a proven track record of success in growing sales and winning in highly competitive markets. His focus and understanding of driving customer value will be essential for us as we fulfil our mission of bringing the New Relic Intelligent Observability Platform to every enterprise across the globe.”

    Under Thompson’s leadership, New Relic aims to further solidify its position as a leader in observability. Recent advancements include a collaboration with NVIDIA for AI monitoring of NVIDIA NIM applications, the industry’s first integrated, AI-strengthened digital experience monitoring (DEM) solution, and the launch of New Relic Pathpoint. These innovations empower businesses to optimise digital performance and reliability at scale.  

    Thompson expressed enthusiasm about his new role: “New Relic is leading the market with its AI-strengthened platform, the industry’s only true consumption-based pricing model, and its team. The company continues to innovate and provide unmatched customer value. I look forward to working closely with the team to help leading global companies eliminate interruptions in digital experiences with New Relic.”

    With Thompson at the helm of its EMEA operations, New Relic is poised to accelerate growth, strengthen partnerships, and deliver unparalleled observability solutions to enterprises across the region.  

     

  • AutoVRse launches AI-powered VR training platform VRseBuilder

    AutoVRse launches AI-powered VR training platform VRseBuilder

    Mumbai: AutoVRse has introduced ‘VRseBuilder,’ an AI-powered platform designed to transform VR training creation, deployment, and scaling for enterprises worldwide. Serving over 100 clients with 250 large-scale deployments and 300,000 trained employees, VRseBuilder tackles the high costs, time demands, and engagement issues of traditional training methods.

    In today’s corporate landscape, scaling effective training globally is challenging. Traditional methods are often costly, time-intensive, and lack engagement, resulting in inconsistent outcomes and lost productivity. Recognizing this need, AutoVRse developed VRseBuilder to simplify the process by reducing development time by up to 93 per cent, enabling businesses to deploy immersive training programs easily. This innovation helps companies train employees faster, improve performance, and prepare for future challenges, all while managing costs and complexity effectively.

    AutoVRse business development lead Vishal Ahankari stated, “VRseBuilder is revolutionising how enterprises approach training. Our AI-powered creation studio has reduced development time by up to 93 per cent, turning months of work into days while maintaining the highest quality standards.”

    VRseBuilder’s innovative modular design approach enables organizations to build once and reuse infinitely. This Lego-like system allows training managers to mix, match, and customize modules, creating unlimited scenarios while maintaining consistency across the organization.

    VRseBuilder features are as follows:

    1    Convert SOP Pdfs, Jpegs & spreadsheets into VR prototypes: Hand-tracking-based simulations simplify the process of converting static documents into immersive VR training experiences.

    2    Meaningful measurement: A web-based dashboard provides quantifiable metrics to assess the effectiveness of VR training, ensuring an ROI-focused approach through a VR-native LMS.

    3    Customisable VR templates: VRseBuilder’s Creation Studio offers customisable templates that can be adapted in real time to maximise training efficacy.

    With eight years in the VR industry, AutoVRse is a trusted partner to major global enterprises. Its team of experts collaborates with organizations to create tailored VR modules, allowing internal teams to modify and expand training content as needed. This approach enables businesses to independently scale their VR training programs.

    Organisations implementing VRseBuilder have reported:

    1    80 per cent reduction in training time

    2    60 per cent improvement in performance metrics

    3    Significant cost savings through rapid development and deployment

    4    Enhanced employee engagement and knowledge retention

    This launch aligns with the vision of Industry 4.0, advancing automation, real-time data, and intelligent systems to transform India’s industrial landscape. As Digital India 2.0 drives digital adoption, platforms like VRseBuilder help equip the workforce with future-ready skills, bridge the digital gap, and boost economic growth through increased productivity and innovation.

    “We don’t just provide software – we become an extension of our clients’ L&D teams,” added Vishal. “Our frontier team of subject matter experts works closely with organizations to develop initial modules, transfer knowledge, and empower them to scale their VR training programs independently.”

    For organisations looking to transform their corporate learning programs, VRseBuilder offers a comprehensive solution that combines cutting-edge technology with proven methodologies and expert support.

  • Netlink Solutions’ Q2 Results show 130 per cent surging profits

    Netlink Solutions’ Q2 Results show 130 per cent surging profits

    Mumbai: In a remarkable display of growth and resilience, Netlink Solutions (India) Limited reported robust financial results for the quarter and half-year ending 30 September 2024. With a significant increase in revenue from operations and soaring net profits, the company has demonstrated its strength amid evolving market dynamics. The figures, as unveiled in its unaudited financial results, reflect both an impressive year-on-year performance and a dynamic expansion across key business segments.

    For the quarter, Netlink Solutions’ total income surged by 130 per cent, reaching Rs 869.31 lakhs, compared to Rs 218.54 lakhs for the same period in 2023. This impressive rise is attributable to robust revenue contributions from its magazine/info media and treasury segments, positioning the company favorably against industry counterparts.

    The half-year results further underscore the company’s financial momentum. Total revenue for the six months climbed to Rs 1,117.51 lakhs, a 130 per cent increase from the prior year’s Rs 484.72 lakhs. This growth was primarily propelled by the magazine/info media segment, which recorded a substantial rise in revenue, reaching Rs 636.15 lakhs in Q2 compared to last year’s Rs 24.04 lakhs. Additionally, the treasury segment maintained strong performance with revenues of Rs 255.70 lakhs in Q2, up from Rs 216.79 lakhs in the same period last year.

    The impressive revenue growth translated into a significant uptick in profitability. Net profit for the quarter surged to Rs 636.17 lakhs, a notable increase from Rs 172.41 lakhs in Q2 of the previous year. The half-year figures reflect a similar trend, with net profit reaching Rs 806.78 lakhs, up from Rs 379.77 lakhs in the same period of 2023. This growth in profitability was bolstered by strategic cost management and efficient resource allocation across segments, leading to an elevated earnings per share (EPS) of Rs 25.15 for Q2.

    On the balance sheet front, Netlink Solutions saw its total assets grow to Rs 3,608.34 lakhs as of September 2024, marking a solid expansion from Rs 2,050.76 lakhs a year ago. The company’s treasury assets, a major component of its financial assets, were instrumental in driving this growth, underscoring the company’s strategic focus on asset appreciation and capital efficiency.

    The magazine/info media segment emerged as a clear leader, contributing Rs 594.09 lakhs to profit before tax in Q2 2024, a leap from Rs 11.43 lakhs in Q2 2023. Meanwhile, the treasury segment delivered Rs 253.03 lakhs in Q2 2024, demonstrating its continued role as a reliable revenue driver. However, the exhibition management segment remains an area of concern, with a recorded loss of Rs 3.75 lakhs in both Q2 2024 and Q2 2023, indicating potential challenges within this sector.

    Netlink Solutions’ strong financial results underscore its strategic adaptability and robust operational efficiency. With rising revenues and a disciplined approach to cost management, the company is well-positioned for sustained growth. The impressive gains across its magazine/info media and treasury segments signal a promising outlook, while challenges within the exhibition management segment may necessitate further strategic review.

    Financial Highlights for Netlink Solutions Q2 and H1 FY25:

    1    Quarterly Revenue Growth: Total income for Q2 FY25 rose to Rs 869.31 lakhs, marking a 130 per cent increase from Rs 218.54 lakhs in Q2 FY24.

    2    Half-Year Revenue: For H1 FY25, total revenue reached Rs 1,117.51 lakhs, representing a 130 per cent rise compared to Rs 484.72 lakhs in H1 FY24.

    3    Magazine/Info Media Segment Surge: Revenue from the magazine/info media segment jumped significantly to Rs 636.15 lakhs in Q2 FY25 from Rs 24.04 lakhs in Q2 FY24.

    4    Treasury Segment Strength: Treasury revenue stood at Rs 255.70 lakhs in Q2 FY25, showing a steady increase from Rs 216.79 lakhs in the same quarter last year.

    5    Quarterly Net Profit: Net profit for Q2 FY25 was Rs 636.17 lakhs, up from Rs 172.41 lakhs in Q2 FY24, highlighting a strong profitability boost.

    6    Half-Year Net Profit: H1 FY25 net profit reached Rs 806.78 lakhs, nearly doubling from Rs 379.77 lakhs in H1 FY24.

    7    Earnings Per Share (EPS): EPS for Q2 FY25 was Rs 25.15, indicating enhanced shareholder value from the previous year.

    8    Balance Sheet Expansion: Total assets grew to Rs 3,608.34 lakhs as of September 2024, compared to Rs 2,050.76 lakhs in September 2023.

    9    Magazine/Info Media Segment Profit: This segment generated a profit before tax of Rs 594.09 lakhs in Q2 FY25, a substantial increase from Rs 11.43 lakhs in Q2 FY24.

    10    Exhibition Management Segment Challenges: The exhibition management segment reported a loss of Rs 3.75 lakhs in Q2 FY25, consistent with losses in Q2 FY24, indicating potential operational issues in this area.

  • Hoopr launches ‘Music Mixer’ for customisable soundtrack creation

    Hoopr launches ‘Music Mixer’ for customisable soundtrack creation

    Mumbai: Hoopr, a leader in the royalty-free music space, launches its innovative ‘Music Mixer’ feature on 13 November 2024, offering creators unparalleled control over music customisation. This groundbreaking tool allows users to interact with individual stems of a track—such as bass, drums, or vocals—providing options to isolate, mute, or blend them to create personalised soundscapes suited for any project.

    The ‘Music Mixer’ simplifies music customisation by enabling creators to adjust volume levels or exclude specific parts of a track to align with their creative vision. The ‘Solo’ function highlights one stem at a time, perfect for emphasising elements like drums in a scene, while the ‘Mute’ option removes unwanted components, enabling users to listen to a track without, for example, vocals or bass.

    Hoopr.ai, chief technology officer, Rakesh Nair expressed his excitement: “We’re thrilled to introduce the Music Mixer to our platform. It’s not just about listening to music; it’s about engaging with it. Creators now have the power to shape the sound of their projects in ways that were previously complex and time-consuming. With the Music Mixer, it’s all at their fingertips, and the creative possibilities are endless.”

    This feature streamlines music editing by eliminating the need for advanced software or expertise. Hoopr’s extensive royalty-free library, paired with the ease of the ‘Music Mixer’, allows users to find, customise, and download their ideal soundtrack swiftly. The tool’s intuitive design encourages experimentation, promoting innovation and artistry within the creator community.

    The ‘Music Mixer’ also fosters collaboration. Custom mixes can be shared, enhancing cooperative projects and sparking creative partnerships. Nair emphasised, “We’ve always envisioned Hoopr as more than just a music platform; we see it as a creative ecosystem where ideas can flow freely, and collaboration thrives. The Music Mixer is a testament to that vision.”

    Creators can access the ‘Music Mixer’ through the player interface by selecting a track and activating the feature to adjust stems in real-time. Options include hearing only selected instruments or creating instrumental versions of songs. Downloading customised tracks is currently available to ‘Creator Elite’ subscribers, with Hoopr inviting users to explore subscription options to unlock the feature’s full potential.