Latest news with #VineetSingh
Mint
13-05-2025
- Business
- Mint
Is AI the end of human storytelling? Pocket FM bets on collaboration
Audio series platform Pocket FM is betting on collaboration and not competition between humans and artificial intelligence (AI). Rather than replacing human creativity, the company is using AI to support storytellers and scale high-quality audio content. Pocket FM aims to create a platform where humans and AI work together, not against each other. Talking to LiveMint, Vineet Singh, Head, Brand Marketing and Communication at Pocket Entertainment, said that of late, there has been a lot of chatter about AI replacing humans. "We always believe that human storytelling is going to be the core part of creativity," he said. 'With AI, we are going to be able to enhance it and scale it with that same quality at a huge number.' Pocket FM's proprietary tool allows users to write a story, select the background music, and choose an AI-generated voice to narrate it. The tool can also translate the story into multiple languages and change the context according to the geography. According to Singh, Pocket FM has around 50,000 AI-led audio series. The platform has around 200 million users and works on a micro-transaction model. Under the model, a certain number of episodes are free for a user daily. If they want to listen to more episodes of a series, they need to pay for them. Notably, the free episodes change from series to series. Romance remains the most popular genre on the platform, followed by drama and thrillers. However, fantasy and horror are growing at a faster pace, he added. To diversify its storytelling offerings, the company has launched Pocket Novel and Pocket Tools and rebranded itself as Pocket Entertainment. "We will continue looking at more and more formats and more storytelling options to just go out and entertain the world," Singh said. Originally launched in India, Pocket FM is now available in the USA and some European countries, such as Germany and the United Kingdom. It also plans to expand into some Latin American countries. The Lightspeed-backed platform competes with Spotify and new-age content platforms like Krafton-backed Kuku FM and Pratilipi. In 2024-25, Pocket FM's revenue rose 68 per cent to ₹ 1,768 crore. Its US business is said to be profitable, and the India business is expected to become profitable in the next one to two months.
Time of India
29-04-2025
- Automotive
- Time of India
Daewoo partners with Mangali Industries to foray into Indian lubricants market
South Korean automotive firm Daewoo has entered the Indian automotive lubricant sector through a collaboration with Mangali Industries Limited . With the partnership, Daewoo Lubricants will offer its premium range of high-performance lubricants in India, targeting a wide array of vehicles, including two-wheelers, passenger cars, commercial vehicles, and agricultural vehicles. The brand is known for its engineering excellence and innovation, with a focus on producing reliable and user-friendly products. "Daewoo has always stood for innovation, trust, and performance. Through this powerful alliance between Daewoo and Mangali Industries Ltd., we are shaping the future of high-performance lubricants in one of the world's most dynamic and demanding markets. With this launch, we embark on a long term journey dedicated to empowering the Indian automotive industry," said Vineet Singh, Director - Strategy & Growth, Daewoo. Sang-hwan Oh, DGM, POSCO – Korea, said "Daewoo's dedication to quality and customer satisfaction, ensuring that every product meets rigorous international standards while adapting to evolving demands of local consumers," he said.
India.com
29-04-2025
- Automotive
- India.com
Daewoo Enters Indian Lubricant Market in Strategic Tie-Up with Mangali Industries
New Delhi — South Korean engineering giant Daewoo has officially forayed into the Indian automotive lubricant sector through a strategic licensing partnership with Mangali Industries Limited. The announcement was made at a grand launch event hosted at Le Méridien, New Delhi, where the companies unveiled Daewoo's new range of premium lubricants tailored specifically for Indian road conditions. The collaboration marks Daewoo's entry into one of the world's fastest-growing automotive markets. Known globally for its durable and innovative products, the brand is bringing its engineering prowess to India with a range of high-performance lubricants designed for two-wheelers, passenger vehicles, commercial transport, and agricultural machinery. The launch event was attended by industry leaders and key stakeholders from the automotive and lubricant sectors. During the ceremony, the Licensee Certificate was officially presented to Mangali Industries, formalizing the alliance between the two companies. Speaking on the occasion, Vineet Singh, Director – Strategy & Growth, Daewoo, said, 'Daewoo has always stood for innovation, trust, and performance. This alliance with Mangali Industries marks a significant step forward as we bring our expertise to India's demanding automotive market. Our goal is to deliver world-class products that empower the Indian mobility ecosystem.' Also present at the event, Sang-hwan Oh, Deputy General Manager at POSCO Korea, reaffirmed Daewoo's commitment to quality and customer satisfaction, noting that all products would adhere to rigorous international standards while meeting the evolving needs of Indian consumers. The new range of Daewoo lubricants is built to enhance engine performance, improve fuel efficiency, and support sustainable mobility. The brand aims to set new benchmarks in quality and reliability, redefining expectations in India's competitive lubricant sector. With this launch, Daewoo and Mangali Industries aim to establish a strong foothold in the Indian market, offering technologically advanced and environmentally responsible solutions to a wide consumer base.
