Ather Energy to expand retail network in India
June 18 (Reuters) - Indian e-scooter maker Ather Energy (ATHR.NS), opens new tab said on Wednesday, it plans to scale up its retail network to 700 centres across India by the end of fiscal 2026.
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Geeky Gadgets
35 minutes ago
- Geeky Gadgets
Samsung Brings Onyx Cinema LED to Europe at CineEurope
The Samsung Onyx Cinema LED is a groundbreaking display technology designed to redefine the movie-going experience. As the world's first DCI-certified cinema LED screen, it delivers unparalleled visual quality with 4K resolution, HDR support, and frame rates of up to 120Hz. With peak brightness levels of 300 nits and true black levels, the Onyx ensures every scene is vivid, dynamic, and true to life. This innovation is set to elevate the standards of cinematic storytelling, offering audiences a more immersive and visually stunning experience. The Onyx Cinema LED's advanced technology surpasses traditional projector-based systems, eliminating common issues such as uneven brightness, color distortion, and pixelation. By using self-emitting LED pixels, the screen maintains consistent picture quality across its entire surface, ensuring viewers enjoy the same level of detail and clarity regardless of their seating position. Furthermore, the Onyx's ability to display a wider color gamut and deeper contrast ratios brings films to life with unprecedented realism, drawing audiences deeper into the narrative. Scalability and Reliability for Theaters One of the standout features of the Samsung Onyx Cinema LED is its scalability. Available in four standard sizes—5, 10, 14, and 20 meters—it also offers flexible scaling options to fit various theater layouts. This adaptability allows cinema operators to maximize their space while maintaining exceptional image quality. Whether installed in a small art-house theater or a large multiplex, the Onyx delivers a consistent, high-quality viewing experience across all screen sizes. Additionally, the Onyx is built for long-term performance, backed by the industry's first 10-year warranty for cinema LED screens. This extended warranty not only ensures reliability but also reduces the total cost of ownership, making it a future-proof investment for theater owners. The Onyx's durable design and energy-efficient LED technology minimize maintenance requirements and operating costs, allowing theaters to focus on providing an exceptional cinematic experience to their patrons. Pricing and Availability The Samsung Onyx Cinema LED is now available for European theaters following its debut at CineEurope 2025. Pricing will vary depending on the screen size and customization options chosen by theater operators. Interested parties are encouraged to contact Samsung directly for detailed pricing information and installation timelines. With its premium features and extended warranty, the Onyx represents a significant investment in the future of cinema. As more theaters adopt the Onyx technology, it is expected to become increasingly accessible to a wider audience. Samsung is working closely with cinema operators to assist the transition to LED screens, offering technical support, training, and financing options to help theaters embrace this innovative technology. As the Onyx gains traction in the European market, it is poised to set a new standard for the global cinema industry. HDR Collaboration with Pixar Animation Studios Samsung's collaboration with Pixar Animation Studios highlights the Onyx's capabilities in HDR content. Pixar's latest film, 'Elio,' has been mastered in 4K HDR specifically for Onyx screens, ensuring audiences experience the highest levels of brightness and color fidelity. Pixar plans to continue mastering future films in HDR for Onyx-equipped theaters, further enhancing the cinematic experience. This collaboration demonstrates the Onyx's potential to transform the way films are created and presented. By working closely with content creators like Pixar, Samsung is fostering a new era of filmmaking that takes full advantage of the Onyx's advanced capabilities. As more studios embrace HDR mastering for Onyx screens, audiences can expect a growing library of visually stunning content that pushes the boundaries of cinematic storytelling. Additionally, Pixar is installing an Onyx screen at its California campus to support HDR content production and quality testing, underscoring the technology's importance in modern filmmaking. This move not only validates the Onyx's position as a leading cinema display technology but also highlights the growing demand for HDR content in the entertainment industry. Specifications Resolution: 4K 4K Frame Rate: Up to 120Hz Up to 120Hz Brightness: Peak levels of 300 nits (87.6fL) Peak levels of 300 nits (87.6fL) Screen Sizes: 5, 10, 14, and 20 meters with flexible scaling options 5, 10, 14, and 20 meters with flexible scaling options Warranty: 10-year warranty for cinema LED screens 10-year warranty for cinema LED screens HDR Support: Compatible with DCI HDR content Summary For those intrigued by the Samsung Onyx Cinema LED, other areas of interest might include advancements in HDR filmmaking, the future of LED technology in commercial spaces, and the growing trend of immersive entertainment experiences. As cinema technology continues to evolve, innovations like the Onyx are paving the way for a new era of storytelling that captivates audiences like never before. The rise of HDR filmmaking, in particular, is a fascinating development that goes hand-in-hand with the adoption of LED cinema screens. As more content creators embrace the expanded color gamut and increased dynamic range offered by HDR, the Onyx becomes an essential tool for showcasing their work in its full glory. This synergy between content and technology is driving a new wave of cinematic innovation that promises to engage and inspire audiences in unprecedented ways. Moreover, the success of the Onyx in the cinema industry may have far-reaching implications for other commercial applications. The advanced LED technology and modular design of the Onyx could be adapted for use in live events, theme parks, and other large-scale entertainment venues, offering new possibilities for immersive experiences that blur the line between the real and the virtual. As the Samsung Onyx Cinema LED continues to make its mark in Europe and beyond, it is clear that this groundbreaking technology is not just changing the way we watch movies, but also redefining the very nature of visual storytelling. With its unrivaled picture quality, scalability, and long-term reliability, the Onyx is poised to become the new gold standard in cinema display technology, ushering in a bright future for the movie-going experience. Source Samsung Filed Under: Displays News, Technology News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Coin Geek
an hour ago
- Coin Geek
Walmart-backed Flipkart gets RBI nod to lend with new license
Getting your Trinity Audio player ready... Walmart (NASDAQ: WMT)-backed Flipkart has obtained a lending license from the Reserve Bank of India (RBI), enabling it to provide loans directly to consumers and sellers on its platform. This development makes Flipkart the first major e-commerce company in India to receive a non-banking financial company (NBFC) license, representing a notable advancement in the country's financial services landscape. According to a Reuters report, this is also the first time India's central bank has issued a NBFC license to a major e-commerce firm, permitting it to extend credit but not accept deposits. While most e-commerce companies in India currently partner with banks or NBFCs to offer financing, this license allows Flipkart to provide loans independently, creating a more profitable lending model for the company. Flipkart, majority-owned by U.S. retail giant Walmart with an over 80% stake, submitted its application for the lending license in 2022, the report said. In 2024, the company was valued at $37 billion during a $1 billion funding round led by Walmart. As part of its strategic realignment, Flipkart is relocating its parent company from Singapore to India. Walmart also has plans to eventually list the 17-year-old e-commerce firm on the stock market. Walmart's 2018 acquisition of Flipkart also included ownership of fintech company PhonePe, which is similarly preparing for an initial public offering (IPO). Flipkart is expected to begin its lending operations within the next few months. However, the official launch will depend on the completion of several internal steps, including the appointment of key executives, the formation of its board, and the finalization of its business strategy. The company intends to extend credit directly to consumers through its well-known e-commerce platform and fintech app, Additionally, it may provide financing options to sellers using its marketplace. Amazon enters financial services with Axio acquisition At the same time, Flipkart's competitor Amazon (NASDAQ: AMZN) has expanded its presence in financial services by acquiring a non-banking lender, Axio. The Indian startup, in which Amazon has held a stake for the past six years, announced in a blog post that the acquisition agreement was finalized in December following the completion of due diligence. This move reinforces Amazon's growing focus on financial offerings in one of its fastest-expanding markets. 'In December, after successful completion of due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio. The transaction will now await the required regulatory approvals,' the company said. 'The proposed acquisition aims to build on a successful six-year business and equity partnership centered around delivering accessible and affordable credit to customers across the country… Amazon has been an invaluable partner in this journey, and we have more to accomplish together… This means reaching more under-served customers, diversifying our offerings to address more unmet needs, and continuing to strike the right balance of customer experience, risk management, and affordability as we strive to responsibly expand access to credit across the country,' it added. E-commerce market in India to touch $550 billion by 2035 India's e-commerce industry has been expanding rapidly, with its market value reaching approximately $125 billion in 2024. Projections suggest that this figure could rise to $550 billion by 2035, according to Statista. The sector is highly competitive, with numerous domestic and international players vying for dominance. Walmart's Flipkart and Jeff Bezos-led Amazon continue to lead the space as top e-commerce platforms in the country. Among Indian consumers, electronics and clothing remain the most commonly purchased product categories. Several factors have fueled the industry's rapid growth, including the increasing digitization of the economy and widespread access to affordable Internet services. In 2024 alone, online sales in India were projected to grow by over 19%. As a result, the revenue potential of the sector has risen significantly, with average retail e-commerce revenue per user surpassing $85. However, data privacy issues and increasing online fraud have turned out to be the most significant hurdle in the growth of e-commerce in India. Data from the RBI's annual report show that digital payment fraud in India jumped to a record $175 million in the fiscal year that ended in March 2024 (FY2023-24). As a result, the RBI has constituted a committee to examine various aspects of setting up a 'Digital Payments Intelligence Platform' to ensure safety and security against fraud. Watch: India is going to be the frontrunner in digitalization title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> Amazon Axio E-commerce Flipkart India Regulation Reserve Bank of India Walmart
The Independent
an hour ago
- The Independent
Air India faces turbulence as plane crash prompts deeper checks and disruptions
Air India is facing fresh turbulence following last week's fatal crash as additional safety inspections on its Dreamliner fleet have led to flight delays, cancellations and growing passenger anxiety. India's aviation safety regulator ordered deeper checks on Boeing 787 aircrafts operated by the airline soon after its London-bound flight crashed during take-off in Ahmedabad city June 12, killing at least 270 people, including 241 passengers and crew. The precautionary inspections, including closure of airspace in some middle eastern countries, have strained Air India operations across domestic and international routes. Since the crash, Air India has cancelled operations of a total of 83 wide-body flights, including 66 Dreamliner, according to data shared by the Directorate General of Civil Aviation, India's aviation safety regulator. 'There is a cascading impact operationally. We are being extra cautious and doing extra checks beyond the usual,' a company executive familiar with the matter said on condition of anonymity as he wasn't authorized to speak to the media. The company on Tuesday announced cancellation of multiple flights, including one from Ahmedabad to London Gatwick. Another from Delhi to Paris was cancelled as a mandatory pre-flight check identified an unidentified issue, the airline said in a statement. In a statement Tuesday, the aviation directorate said surveillance conducted on Air India's Dreamliner fleet so far has found no 'major safety concerns.' The aircrafts and its associated maintenance systems were found to be compliant with existing safety standards, the directorate said, adding that of the 33 aircrafts, 24 have completed the inspections, while four were undergoing long-term maintenance. The rest were expected to finish the safety checks soon. The regulator, however, raised concerns about maintenance-related issues reported by the airline and advised it to 'strictly adhere to regulations.' It asked Air India to strengthen internal coordination across engineering, operations and ground handling units and ensure adequate availability of spares to mitigate flight delays. Experts from India's Aircraft Accident Investigation Bureau are probing the crash with assistance from the U.K., the U.S. and officials from Boeing. Aviation experts say the crash poses a temporary challenge for Air India, which was in midst of transforming itself from a financially troubled airline to a profitable venture. 'If you ask me whether the accident will derail the ambitious growth plans, no way. There can be no looking back,' said Jitender Bhargava, a former Air India executive director. The company already has placed huge orders for new aircrafts to expand operations. The present challenge was to boost the morale of employees and passengers through confidence building measures, Bhargava said. 'The faster you make people forget this one-off accident, the better it is,' Bhargava said. Indian conglomerate Tata Sons took over Air India in 2022, returning the debt-saddled national carrier to private ownership after decades of government control. The $2.4 billion deal was seen as the government's effort to sell off a loss-making, state-run businesses. It also was in some ways a homecoming for Air India, which was launched by the Tata family in 1932. Since the takeover, Air India has ordered hundreds of new planes worth over $70 billion, redesigned its branding and livery and absorbed smaller airlines Tata held stakes in. The company additionally has committed millions of dollars to digital overhauls of aircrafts and refurbishing interiors of more than five dozen legacy planes. Air India has ordered nearly three dozen trainer aircrafts and set up one of South Asia's largest training academy for professionals.
