Archives August 2024

India, Aug 06, 2024 – Trane Technologies plc, a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $3.33 for the second quarter of 2024. Adjusted continuing EPS was $3.30, up 23 percent.

Second-Quarter 2024 Results

 Financial Comparisons – Second-Quarter Continuing Operations

“Our team around the world delivered strong performance in the second quarter, continuing our consistent track record of execution,” said Dave Regnery, chair and CEO, Trane Technologies. “Customers continue to choose our sustainable solutions, demonstrated by our exceptional bookings growth and backlog – giving us good visibility for 2024 and into 2025.

“Given our strong first half performance and positive outlook, we are raising our full-year revenue and adjusted EPS guidance well above the high end of our prior range. With our purpose-driven strategy, proven business operating system and uplifting culture, we are well positioned to continue delivering leading growth among industrials and differentiated shareholder returns over the long term.”

Highlights from the Second Quarter of 2024 (all comparisons against second-quarter 2023 unless otherwise noted)

• Delivered strong revenue, operating income, EBITDA and EPS growth.
• Strong bookings of $5.3 billion, up 19 percent.
• Backlog of $7.5 billion, including approximately $2.8 billion of Commercial HVAC backlog for 2025 and beyond, with $1 billion added in the second quarter.
• Enterprise reported revenues and organic revenues were both up 13 percent. Approximately 1 percentage point related to acquisitions was offset by 1 percentage point of negative foreign exchange impact.
• GAAP operating margin was up 70 basis points, adjusted operating margin was up 140 basis points and adjusted EBITDA margin was up 140 basis points.
• Strong volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment.

Second-Quarter Business Review (all comparisons against second-quarter 2023 unless otherwise noted)

 Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, energy services and solutions, residential heating and cooling; and transport refrigeration systems and solutions.

• Strong bookings of $4.2 billion, up 23 percent, led by Commercial HVAC, up more than 20 percent.
• Reported and organic revenues were both up 16 percent.
• GAAP operating margin was up 10 basis points, adjusted operating margin was up 130 basis points and adjusted EBITDA margin was up 140 basis points.
• Strong volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment.

Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions.

• Bookings were up 10 percent, led by Commercial HVAC, up 20 percent.
• Reported revenues were up 4 percent, including approximately 1 percentage point related to acquisitions offset by 2 percentage points of negative foreign exchange impact. Organic revenues were up 5 percent.
• GAAP operating margin was up 230 basis points; adjusted operating margin was up 130 basis points and adjusted EBITDA margin was up 120 basis points.
• Strong volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment.

Asia Pacific Segment: innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions.

• Organic bookings were flat.
• Reported revenues were down 6 percent, including approximately 3 percentage points of negative foreign exchange impact. Organic revenues were down 3 percent.
• GAAP operating margin was up 320 basis points, adjusted operating margin was up 310 basis points and adjusted EBITDA margin was up 360 basis points.
• Positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment.

Balance Sheet and Cash Flow

• Through June 30, 2024, cash flow from continuing operating activities was $959 million and free cash flow was $810 million.
• Year-to-date through July, the Company deployed or committed approximately $1.2 billion of capital including $379 million for dividends, approximately $100 million for M&A and $731 million for share repurchases.
• The Company expects to continue to pay a competitive and growing dividend and to deploy 100 percent of excess cash to shareholders over time.

Raising Full-Year 2024 Revenue and EPS Guidance

•  The Company expects full-year reported and organic revenue growth of approximately 10 percent; reported revenue growth includes approximately 1 percentage point of M&A offset by approximately 1 percentage point of negative foreign exchange.
• The Company expects GAAP and adjusted continuing EPS for full-year 2024 of approximately

$10.80.

• Additional information regarding the Company’s 2024 guidance is included in the Company’s second- quarter earnings presentation found at www.tranetechnologies.com in the Investor Relations section.

This news release includes “forward-looking” statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, anticipated capital commitments for M&A activity, and our capital allocation strategy; our available liquidity; our anticipated revenue growth, and the performance of the markets in which we operate.

These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, global economic conditions, including recessions and economic downturns, inflation, volatility in interest rates and foreign exchange; changing energy prices; national and international conflict; impacts of global health crises, epidemics, pandemics, or other contagious outbreaks on our business operations, financial results and financial position and on the world economy; financial institution disruptions; climate change and our sustainability strategies and goals; commodity shortages; supply chain constraints and price increases; government regulation; restructurings activity and cost savings associated with such activity; secular trends toward decarbonization, energy efficiency and internal air quality, the outcome of any litigation, including the risks and uncertainties associated with the Chapter 11 proceedings for our deconsolidated subsidiaries Aldrich Pump LLC and Murray Boiler LLC; cybersecurity risks; and tax audits and tax law changes and interpretations. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events and how they may affect the Company. We assume no obligation to update these forward-looking statements.

This news release also includes non-GAAP financial information, which should be considered supplemental to, not a substitute for, or superior to, the financial measure calculated in accordance with GAAP. The definitions of our non-GAAP financial information and reconciliation to GAAP are attached to this news release.

All amounts reported within the earnings release above related to net earnings (loss), earnings (loss) from continuing operations, earnings (loss) from discontinued operations, adjusted EBITDA and per share amounts are attributed to Trane Technologies’ ordinary shareholders.

Mumbai, 06 August 2024: Indian Energy Exchange, India’s premier electricity exchange, achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% year-over-year increase. The electricity volume at 10,093 MU, increased 29% YoY. Green electricity volume during the month at 1 BU, grew 259% YoY.

The renewable energy certificates (REC) at 3,150 MU, increased 405% YoY. At Rs. 120 per certificate, the REC market recorded an all-time low price in the trading session held on 31st July 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations.

According to government data published in July 2024, the country’s energy consumption reached 145.4 BUs, representing ~4% increase year-on-year.

ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET

• The Day-Ahead Market (DAM) volume increased to 5,056 MU in July’24, from 3976 MU in July’23, registering an increase of 27% YoY.
• The Real-Time Electricity Market (RTM) volume increased to 3,334 MU in July ‘24, from 2540 MU in July’23, registering an increase of 31% YoY.
• Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 712 MU during July’24.

GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET

• IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 989.6 MU volume during July’24 as compared to 275.4 MU in July’23, registering an increase of 259% YoY. Weighted average price of G-DAM market was Rs 4.34 per unit.
• IEX G-DAM cleared volume recorded an all-time high of 50 MU on July 28th.

RENEWABLE ENERGY CERTIFICATE MARKET (REC MARKET)

• A total of 31.50 lac RECs (equivalent to 3,150 MU) were traded in the trading sessions held on 10th July’24 and 31st July’24, at a clearing price of Rs. 128/REC and Rs. 120/REC respectively.
• The next REC trading sessions at the Exchange are scheduled on 14th August’24 and 28th August’24.

ENERGY SAVING CERTIFICATES (ESCERTS)

• During July’24, 7,000 ESCerts (equivalent to 7 MU) were traded on IEX, at the floor price of Rs. 2,165 per ESCert.

New Delhi, 06 Aug 2024 – Organised jointly by Nuernberg Messe and APEDA (Agricultural and Processed Food Products Export Development Authority), under the Department of Commerce, Government of India, BIOFACH INDIA 2024 co-located with NATURAL EXPO INDIA and MILLETS INDIA took off to a great start, all set to redefine the landscape of organic, natural and millets produce, sparking trends and innovations that promise to shape the future of the industry.

Inaugurating the three-day expo, beginning yesterday, Shri Sunil Barthwal, Commerce Secretary unveiled the Report by APEDA on “Study of Indian Organic Market and Export Promotion Strategy”, It’s a comprehensive study undertaken by CRISIL on Indian organic agriculture scenario, assessing the Indian Organic market, domestic trends and exports. Key challenges in the value chain and the promotion and branding strategy for exports along with the case studies and way forward for the industry.

Appreciating the efforts of APEDA for developing the report and inviting the stakeholders to share their views and concerns, the Commerce Secretary in his keynote address stressed on five important points to work on for increasing India’s share in the organic export market viz., Certification & testing, Labelling, Pacakging, Branding & Logistics. He also mentioned about the recent allocation in the budget for setting up 100 labs for quality checking and food quality which will help the industry in meeting the global standards. The Ministry is also working on MRA on Organics (mutual recognition agreement) with key countries to facilitate Organic exports.

‘In 2023-24, India’s organic food exports reached approximately USD 494.80 Mn, reflecting a growing awareness and preference for sustainable and eco-friendly practices, and positioning India as a key player in the global organic market. we are proud to state that BIOFACH INDIA which is in its 16th year, has played a considerable role in bringing the Indian organic market on a global platform and promoting the development of regional markets at the same time”, says Sonia Prashar, Managing Director and Chairperson of the Board, NuernbergMesse India,

Abhishek Dev, Chairman, Agricultural and Processed Food Products Export Development Authority (APEDA) stated “Indian organic products hold immense potential to capture a larger share of the international market owing to India’s vast agricultural diversity, growing consumer demand for organic food products coupled with growing awareness about health. Through BIOFACH INDIA we are able to showcase the incredible potential of organic agriculture and millet production in India. We aim to educate and raise awareness about the benefits of these practices, not only for our health but also for the environment and our local communities.”

The exhibition is supported by leading International and National stakeholders – ICCOA (International Competence Centre of Organic Agriculture), IFOAM (International Federation of Organic Agriculture Movement), OFAI (Organic Farmers Association of India), AIOI (Association of the Indian Organic Industries), Association of Herbal and Nutraceutical Manufacturers of India (AHNMI), and Indian Institute of Millets Research (IIMR). Visitors can look forward to a diverse range of products on display, an engaging knowledge programme, business matchmaking, networking opportunities and special highlights.

Top Highlights at the expo

Dedicated Pavilion for the North Eastern States, to showcase their Organic Food products under the aegis of the MOVCD-NER Scheme of the Ministry of Agriculture & Farmer’s welfare, which saw participation of 100+ FPO’s/FPCs engaged in Organic Agriculture.

White-Labelling for Organic & Natural Brands: Brands can explore, get inspiration and source ready-to-sell, packaged products that only need their logo before launching as their latest product series.

Trend Pavilion: One of the standout features is Nature’s New & Now, a pavilion dedicated to unveiling the latest industry trends. This year, the spotlight is on three key trends: Superfoods and ingredients, Precision Agriculture, and Clean Beauty. The pavilion will showcase innovative products that align with these trends, offering insights into the future direction of the organic and natural products market.

High-quality International Conference Program: The exhibition offers a robust conference program featuring global industry experts. Participants can gain valuable insights and knowledge through sessions addressing current challenges and future trends in organic farming and sustainable practices.

Farmer’s Market & Farmer’s Track: Organized by The Organic Farming Association of India (OFAI) with a focus and expertise focused on the topic of organic farming and natural farming.

Visitors can download the official app ‘N-GAGE’ facilitating seamless navigation, exhibitor discovery, and scheduling of B2B meetings, enhancing the overall attendee experience.

Ahmedabad, August 06, 2024: Çelebi India, a premier name in ground handling services, proudly announces its new collaboration with Singapore Airlines at Sardar Vallabhbhai Patel International Airport, Ahmedabad. Çelebi will be responsible for providing comprehensive ground handling services for Singapore Airlines’ passenger flights, marking a significant milestone in Çelebi’s expansive journey in the Indian aviation sector.

This selection underscores Singapore Airlines’ confidence in Çelebi’s proven track record of excellence and reliability. With a rich legacy spanning over 65 years, Çelebi India has consistently set benchmarks in ground handling services, serving esteemed airlines such as Virgin Atlantic, Cathay Pacific, British Airways, and Qatar Airways.

Mr. Tauseef Khan, CEO of Çelebi Ground Handling – India, shared his insights on the collaboration, stating, “We are honoured to be chosen by Singapore Airlines for their ground handling needs at Ahmedabad Airport. This partnership is a testament to our commitment to delivering exceptional service and operational efficiency. As we extend our services to Singapore Airlines in Ahmedabad, we are dedicated to enhancing the passenger experience and supporting the growth of international travel. This collaboration reflects our vision to integrate advanced technology and sustainability practices into our operations, setting new standards in the industry.”

Speaking about the collaboration, Mr. Eren Gorur, Manager Western India for Singapore Airlines, said “We are delighted to partner with Çelebi India for our ground handling services at Ahmedabad Airport. Çelebi’s reputation for operational excellence and commitment to customer satisfaction aligns perfectly with our own standards. We are confident that this collaboration will enhance our passenger experience and streamline our operations in Ahmedabad.”

Çelebi India has been a key player at Ahmedabad Airport, providing top-tier ground handling services to various international and domestic carriers. This collaboration with Singapore Airlines not only strengthens Çelebi’s footprint in Ahmedabad but also demonstrates the company’s strategic expansion across India. Çelebi India operates at major airports including Mumbai, Delhi, Bengaluru, Goa, Hyderabad, Cochin, Ahmedabad, and Kannur, continually driving innovation and excellence in ground handling services.

Çelebi’s extensive experience and commitment to quality have made it the preferred ground handler for major international airlines. This new collaboration with Singapore Airlines builds on Çelebi’s successful partnerships in Mumbai and reinforces the company’s role as a leading provider of ground handling solutions in India.

Mumbai – August 06, 2024 – Infor, the industry cloud company, today announced that it is the only vendor named as a Leader in all four of the following IDC MarketScape reports – IDC MarketScape: Asia/Pacific SaaS and Cloud-Enabled SMB/Midmarket Segment ERP 2024 Vendor Assessment1; IDC MarketScape: Worldwide SaaS and Cloud-Enabled Small Business ERP Applications 2024 Vendor Assessment2; IDC MarketScape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP 2023–2024 Vendor Assessment3; and IDC MarketScape: Worldwide SaaS and Cloud-Enabled Medium-Sized Business ERP Applications 2024 Vendor Assessment4. The IDC MarketScape reports evaluate vendors based on a comprehensive and rigorous framework relative to the criteria and one another, and key strategy criteria included both qualitative and quantitative data resulting in a single graphical illustration of each vendor’s position within a given market.

“The digital world has reshaped businesses’ of all sizes focus on moving to the cloud to improve their speed, scale, agility, market share, and competitive advantage. This requires adapting new ERP technologies that enable speed and scale by reducing process steps and clicks, automating every workflow possible, embedding finance to collect and make payments, and helping improve overall decision velocity,” said Mickey North Rizza, group VP, IDC’s Enterprise Software. “The ability to improve the employees’ experience, uncover and utilize insights quickly, and navigate business issues with reliable, modern, and intelligent ERP systems is a foundational layer organization need in the digital world.”

Infor cloud ERP solutions deliver industry-specific capabilities without extensive customizations or integrations by combining the Infor cloud platform built on infrastructure services from Amazon Web Services® (AWS®) and Infor OS. By migrating critical business applications to the cloud, organizations experience automatic upgrades that deliver the latest advances in enterprise functionality.

“We believe Infor’s four placements as a Leader in these four IDC MarketScape’s recognizes our ability to provide ERP CloudSuites that are optimized to serve the specific needs of a variety of industries, including manufacturing, healthcare, food and beverage, distribution, public sector, retail and hospitality.” said Rick Ryder, senior vice president, Infor. “Infor’s CloudSuites utilize Infor’s leading technology platform, Infor OS, to power next-generation user experiences, integrations and workflows – increasing productivity and collaboration. Infor is hyper focused on delivering scalable, flexible, cloud-based applications with industry-specific capabilities, and we believe this recognition by the IDC MarketScape is a testament to our achievement in that area.”

New Delhi, August 06, 2024: India currently has close to 63 lakh km of road network; 1 lakh track km of rail network, 35 multi- motor logistic parks, along with flagship projects like Delhi- Mumbai expressway; Delhi- Amritsar- Katra expressway; Delhi- Dehradun expressway and Surat- Chennai expressway. Amidst India’s determined efforts to grow into a $5 trillion economy, coupled with a massive focus towards roads and connectivity. Tools like Insurance Surety Bonds are set to boost liquidity availability and increase the capacity of bidders and concessionaires.

Alliance Insurance Brokers recently organized Infra Insurance convention to discuss the future of Infra Insurance in the country. The meeting was spearheaded by Aatur Thakkar, Co- founder and Director, Alliance Insurance Brokers.

Anil Chowdhary, Member Project- NHAI speaking as Chief Guest at the event said, “India is actively advancing its infrastructure development with over 16 social sector ministries collaborating on integrated programs to reduce logistics costs. The country is also partnering with international corporations to accelerate infrastructure growth, leveraging Japanese technology to enhance green cover and reduce carbon footprint. Plans include developing roadways and waterways to improve connectivity, supported by a technology-driven approach for effective and integrated infrastructure development. None of this is possible without more funds and securing these initiatives with surety bonds is essential for their successful implementation and protection.”

Speaking on the occasion, Aatur Thakkar, Co- founder and Director, Alliance Insurance Brokers said, “India is estimated to become the third largest construction economy, where we are at a high built-up stage. Thus, surety bonds will enhance infrastructure development through more disposable money in the hands of developers, leading to a positive ripple effect on the Indian economy. India also needs to look at using more of technology/ AI across the different aspects of insurance- from underwriting to claim settlements to better adoption of surety bonds.”

Ashish Kumar Singh, Chief General Manager, NHAI, said, “NHAI’s Vision 2047 is ambitious, aiming for 50,000 km of access-controlled highways. Despite the significant costs involved and challenges such as the return of revenue machinery and adherence to the model code of conduct, India is well-equipped with technology and attracting international investments. Roads have been pivotal in India’s GDP growth, which aims to rise from 6% to 8%. Enhancing GDP will increase the flow of goods and services on roads, making investment in India a strategic goal for foreign companies over the next decade. Thus, major insurance firms will focus on larger securities to ensure the security and development of roads and infrastructure, crucial for the country’s economic growth.”

Eminent industry people like SK Mazumdar- CEO, ONGC Green, Narendra Kumar Gautam- Group general manager, NHPC, Suresh Nair- General Manager, IRDAI (Insurance Regulatory and Development Authority of India), Saraswati Chidambaram- DGM, The New India Assurance and Amol Chandratreya, National Head, SBI General participated, where they highlighted the need for a coordinated work among all stake holders to achieve Surety and Performance Bond goals effectively.

New Delhi, 6th August 2024: Manasthali, a leading mental health and wellness platform, has renewed the life of a 45-year-old man who triumphed over depression with the help of their comprehensive treatment programmes. Subhash (name changed) had a history of depression that resurfaced after the end of his second marriage. Struggling with feelings of hopelessness and emotional turmoil, Subhash sought help at Manasthali, hoping to find a path to recovery and a better future.

Subhash had been battling depression for the last seven years and his depression was characterized as being “controlled by a pattern of interpersonal avoidance”. His self-esteem had taken a significant hit, affecting his personal and professional life. He had withdrawn himself from social activities and relationships, leading to a sense of loneliness and isolation. The highly skilled team of Manasthali had developed a personalized treatment plan for Subhash, focusing on a holistic approach to mental and physical health.

“Depression due to failure in relationships has become quite common these days and it needs immediate attention. Subhash had a history of depression and this depression resurfaced after the end of his second marriage. Struggling with feelings of hopelessness and emotional turmoil, We kickstarted the whole treatment process by encouraging Subhash to adopt healthier lifestyle habits, including regular exercise, a balanced diet, and adequate sleep, all of which contributed to his overall mental health. We also incorporated mindfulness practices and relaxation techniques in his treatment plan to manage stress and improve his emotional well-being,” said Dr Jyoti Kapoor, Director & Founder, Manasthali Wellness.

Under the guidance of Dr Kapoor, Subhash was prescribed appropriate medications to manage his depressive symptoms effectively. He participated in group therapy sessions and that provided a platform for him to connect with others facing similar challenges, reducing his sense of isolation. Subhash’s journey to recovery happened gradually and was marked by significant milestones.

“Within a few months, Subhash experienced a notable improvement in his mood and outlook on life. Through therapy and support, he regained his self-confidence and began to rebuild his personal and professional life. He re-engaged with social activities and reconnected with friends and family, rebuilding his support network. With continued support from us, Subhash has maintained his progress and remains committed to his mental health journey. He now looks forward to the future with renewed hope and a positive perspective, embracing the possibilities that lie ahead,” Dr Kapoor added.

Subhash’s story from an anxious to confident personality is a testament to the effectiveness of Manasthali’s comprehensive treatment programs. By addressing the unique needs of each individual, Manasthali continues to help clients overcome their mental health challenges and lead fulfilling lives.

India, August 06, 2024: Haier Appliances India, the No. 1 global major appliances brand for 15 consecutive years, has announced the launch of its flagship M95E series QD-Mini LED 4K televisions. These models offer cutting-edge technology, delivering an impressive viewing, audio, and gaming experience. Designed for premium consumers, the latest QD-Mini LED 4K TVs are packed with revolutionary Quantum Dot (QD) technology at their core, along with support for Harman Kardon speakers and a 144Hz screen refresh rate.

Featuring an ultra-slim modern design, the new Haier TVs are available in two sizes—75 inches and 65 inches—catering to consumers seeking to elevate their homes with breathtaking visuals. Equipped with cutting-edge technology and innovative features, the Haier M95E series QD-Mini LED 4K TVs promise a home theater-like experience, ensuring a premium entertainment experience for viewers.

Commenting on the launch, Mr. NS Satish, President, Haier Appliances India said, “Designed for premium consumers seeking an impressive home entertainment experience, our new QD-Mini LEDs deliver unparalleled viewing and audio quality, perfect for gamers and those looking for a home theater-like experience at home. At Haier India, we prioritize understanding our customers’ needs first, and then crafting products that enhance their lives with smarter appliances. We’re extremely excited about the new QD-Mini LED 4K series and confident it will set new benchmarks in the TV industry.”

Haier M95E Series QD-Mini LED 4K televisions: Top Features and Specifications:

The Quantum Dot technology makes every glance cinematic and picture-perfect

Backed by Quantum Dot technology, the Haier QD-Mini LEDs promise striking brightness with a peak of 2000 nits, stunning contrast, rich colors, and exceptional picture clarity, made possible by 16-bit Ultra-precise Light Control. Utilizing thousands of tiny LEDs, the QD technology enhances picture quality with precise control over highlights and shadows, resulting in superior contrast and image detail. M95E series QD-Mini LED televisions come packed with 4K 3840 x 2160 pixels resolution, ensuring crystal-clear images and exceptional detail.

Dolby Vision IQ and HDR10+ capture every color and deliver a life-like visual delight

Dolby Vision IQ enhances the viewing experience by automatically adapting HDR content to the surrounding ambient light, ensuring optimal picture quality in any lighting condition for a truly immersive cinematic experience. Complementing this technology is HDR10+, which amplifies dynamic range and color accuracy for more lifelike visuals.

The QD-Mini-LED technology enhances performance with superior local dimming, featuring thousands of zones that provide deeper blacks and dazzling highlights, ensuring consumers enjoy vivid and detailed visuals. Additionally, the backlights enable accurate color reproduction with wider color gamuts like DCI-P3, making it an excellent choice for creative professionals and photo/video editing enthusiasts.

TÜV Rheinland certification makes for reliable entertainment experience

Haier’s QD-Mini LED television, certified by TÜV Rheinland for Low Blue Light, reduces the emission of harmful blue light from the display. This certification helps minimize eye strain and fatigue during extended viewing periods, ensuring a more comfortable and healthier viewing experience.

Advanced Harman Kardon speakers deliver an ultimate home theater-like music experience

The Haier QD-Mini LED TVs feature an advanced Harman Kardon audio system, providing an exceptional home theater experience that immerses listeners in every moment. Equipped with 2.1-channel subwoofers, the advanced audio system delivers clear and crisp treble, rich and full midrange, and deep, powerful bass. This advanced technology setup ensures that every scene—whether it’s a subtle dialogue or an intense action sequence—comes to life with crystal-clear audio, offering a truly cinematic experience right in your living room.

Dolby Atmos and dbx-tv support deliver an immersive audio experience

The QD-Mini LED features Dolby Atmos and dbx-tv support, delivering a theater-like audio experience. Dolby Atmos creates immersive, boundary-less sound, while dbx-tv enhances this with advanced audio technologies. These technologies dynamically adjust frequencies in real-time for balanced sound, maintain consistent audio levels, reduce loud commercials, and provide virtualized surround sound that fills the room.

Higher refresh rate and special gaming mode make it the perfect gaming companion

The Haier M95E series revolutionizes gaming with its 144Hz high refresh rate screen, HDMI 2.1, and Wi-Fi 6 support, offering ultra-responsive and smooth gameplay. It includes features like Game Picture Mode Optimization, ALLM, VRR, and Shadow Enhancement, ensuring peak performance across various genres, from fast-paced sports to immersive RPGs. Aiming Aid and Shooting Assistance further sharpen your gaming skills, while automatic adjustment of game parameters—based on genres such as racing or shooting—delivers an extraordinary experience. Additionally, the dark area enhancement feature guarantees that no detail is missed, taking your gaming performance and immersion to new heights.

Elevate streaming experience with Google TV support and advanced smart features

The Haier QD-Mini LEDs elevate your streaming experience with Google TV support, offering seamless access to thousands of movies, TV episodes, apps, and games. Google TV’s intuitive interface organizes all your favorite content in one place, making it effortless to find and enjoy what you love. Furthermore, with hands-free voice control and personalized recommendations through Haier’s HaiSmart interface, discovering new shows and movies tailored to your tastes is a breeze. Additionally, the TV supports the Haismart app for seamless IoT integration, offering smart home control, and enhanced connectivity with other devices for remote access and automated routines. The app also features a user-friendly interface for managing connected devices and facilitates easy firmware updates for the latest features.

Designed for modern and premium Indian consumers

Haier’s newly launched QD-Mini LED TVs seamlessly combine advanced technology with elegant design. Featuring a sleek profile, near bezel-less design and a sophisticated annular runway stand, these televisions enhance the aesthetics of any living space. Designed with the modern Indian consumer in mind, the QD-Mini LEDs are designed to seamlessly integrate into contemporary homes, offering both style and functionality.

06th August 2024: Quantum Energy, a leading electric vehicle (EV) startup specializing in the design, development, and manufacturing of electric scooters, has announced the inauguration of its new showroom in Gorakhpur, UP. This new addition marks the 2 EV two-wheeler showroom in the state, further expanding Quantum Energy’s presence and accessibility to Indian customers.

The showroom inauguration took place in the presence of esteemed dignitaries and senior officials from Quantum Energy. Spanning approximately 1000 square feet, the newly inaugurated showroom operates under the dealership name KD Motors.The strategically positioned showroom provides a convenient hub for customers to explore Quantum Energy’s cutting-edge electric scooters and firsthand experience their advanced features.

At the KD Motors showroom, all Quantum Energy electric scooters are prominently displayed, allowing visitors to marvel at the impeccable design, impressive performance, and exceptional build quality of each vehicle. The diverse lineup of electric scooters includes the Plasma, Elektron, Milan and Bziness range, catering to a wide range of commuting needs for Indian consumers.

Specifications of the showcased electric scooters:

● Plasma X – Powered by a 1500 W motor; top speed of 65 km/h; offers an impressive range of upto 120 km on a single full battery charge.

● Plasma XR – Powered by a 1500 W motor; top speed of 60 km/h; offers an impressive range of upto 100 km on a single full battery charge.

● Elektron – Equipped with a 1000W motor; top speed of 60 km/h; provides a range of upto 100 km on a single full battery charge.

● Milan – Driven by a 1000W motor; top speed of 60 km/h; offers a range of upto 100 km on a single full battery charge.

● Bziness – Empowered by a 1200W motor; top speed of 55 km/h; provides a range of upto 110 km in on a single full battery charge.

Speaking about the launch, Mrs. Chakravarthi C., Managing Director of Quantum Energy Limited, expressed, With the opening of our new store in Gorakhpur, we are excited to increase our presence in UP even further. It is quite promising that there is a rising interest in electric two-wheelers in the state. Numerous cutting-edge features of our Quantum Energy scooters strongly appeal to all market sectors. Our commitment to making our cutting-edge electric scooters more accessible to the public is fueled by the growing demand for environmentally friendly mobility options. We are currently trying to create more showrooms in UP to accommodate this demand and make our eco-friendly mobility products more easily accessible.

Quantum Energy has expanded its network of showrooms around India to an amazing 62 with the opening of the Gorakhpur showroom. With the support of the prestigious Kusalava Group, which has over 50 years of experience in the automotive industry, Quantum Energy is committed to reducing carbon emissions, reducing its carbon footprint, and making India a leader in sustainable mobility worldwide

Mumbai, August 6, 2024: Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com, ProFootballNetwork.com and SoapCentral.com, today announced that it has signed an asset purchase agreement, subject to closing conditions, to acquire all the assets of DeltiasGaming.com, a premier source of gaming and esports content in the US. The transaction is for an all-cash consideration of $900K (~INR 7.5 crores) to be paid over one or more tranches and is expected to be closed in the next 45 days.

DeltiasGaming.com had revenues of US $575K (~INR 4.8 crores) for the twelve-month period ending June 2024. Absolute Sports will use its cash reserves to fund the transaction.

With this acquisition, Absolute Sports, which already serves a large gaming audience with its flagship brand Sportskeeda.com, aims to deepen its presence in the gaming and esports media publishing sector in the US region. It intends to leverage Deltia’s Gaming’s loyal user base of almost 1.5 million monthly readers and its long-standing brand equity, to establish the group as an authoritative voice in the gaming media space. The acquisition also provides the group access to a large audience on YouTube and popular gaming streaming network Twitch under the Deltia’s Gaming brand.

” With this acquisition, Absolute Sports will now serve upwards of 5 Million US gaming enthusiasts with high quality gaming and esports related news and analysis content on our various properties.” said Ajay Pratap Singh, CEO of Absolute Sports.