All posts by admin

Business Wire India

On the evening of May 14, 2026 (French time), the 2026 Cannes Film Festival “China Night” & Golden Coast Gala was successfully held at Plage des Palmes, the official beach of the Cannes Marché du Film. As an officially sanctioned event of the Cannes Marché du Film, this forum is led and organized by Beijing Wing Sight Culture and Media Co., Ltd. This year’s edition themed “Wisdom Illuminates the East · The Future Has Arrived” gathered over a thousand guests, including leading figures in the Chinese and French film industries, cultural artists, and international partners, for a grand international gala blending film, culture, art, and technology. For the first time, the event featured “technology + art” as its dual highlights, presenting a spectacular international celebration of film, culture, and cutting-edge innovation.

 

Technology Lights Up the Red Carpet, Eastern Aesthetic Sets the Tone

 

 

This year’s China Night opened with a new form of cross-border integration at the welcome ceremony. The Magic Lab intelligent robot and Jia Yuan, Chair of the Organizing Committee, greeted guests together in a “human–robot welcome”—a standout highlight.

 

 

Distinguished attendees included He Youlin, Consul General of the People’s Republic of China in Marseille; Jiao Hongfen, Chair of the China Film Producer’s Association; Luis Alberto Scalella, President of the International Federation of Film Producers Associations; Guillaume Esmiol, Director of the Cannes Marché du Film; Thomas de Pariente, Deputy Mayor of Cannes; as well as Jiao Xiongping, Chief Advisor of China Night, and Jiang Ping, Artistic Director of China Night, alongside other Chinese and French political and industry representatives.

 

 

Breaking from the traditional cocktail format, the opening featured a suona performance of excerpts from Black Myth: Wukong. The powerful, resonant tones of this iconic Chinese folk instrument instantly immersed guests in the narrative of China’s beloved myth. With its penetrating Eastern aesthetic melody, the performance set the tone for the evening: “Tradition Resonates with Modernity.”

 

 

Speeches by Chinese and French Guests: Building Bridges for Cultural Outreach

 

 

Key Chinese and French figures took the stage in turn, sharing diverse perspectives on China Night’s cultural mission and industry value.

 

 

Guillaume Esmiol, Director of the Cannes Marché du Film, reflected on long-standing cooperation with the Chinese film industry, emphasized China Night’s importance as an official Marché du Film event, and stated that Cannes will remain a bridge for Chinese cinema to the world.

 

 

He Youlin, Consul General of the People’s Republic of China in Marseille, praised the deep artistic ties between Chinese and French cinema, and expressed hope that more Chinese stories will reach French audiences.

 

 

Thomas de Pariente, Deputy Mayor of Cannes, welcomed China Night to Cannes and expressed his wish for it to become a long-term brand for bilateral cultural exchange.

 

 

Luis Alberto Scalella, President of the International Federation of Film Producers Associations, affirmed China’s growing importance in the global film industry from an international producer’s perspective.

 

 

Jiao Hongfen, Vice President of the International Federation of Film Producers Associations & Chairman of China Film Producers’ Association, noted that the high-quality development of China’s film industry is energizing the global market, and that China Night serves as a vital window for cultural outreach.

 

 

Jia Yuan, Chair of the China Night Organizing Committee, warmly welcomed all guests and outlined the long-term vision: “China Night is not merely a cocktail party or an event—it is a sustained platform for exchange and co-creation. We hope it becomes a light, illuminating the path of Chinese stories to the world.”

 

 

Jiao Xiongping, Renowned Producer, Film Scholar & Chief Advisor of China Night, together with Jiang Ping, Artistic Director of China Night, expressed their hope that China Night will serve as a bridge for artistic exchange between China and the world, and encouraged young Chinese artists to uphold cultural confidence and present works imbued with Eastern wisdom and contemporary vitality to the global stage.

 

 

Stars Shine Bright: Projecting China’s Multifaceted Image

 

 

The evening featured the official presentation of China Night’s three Global Ambassadors: Li Shaohong (Global Image Ambassador), Liu Ye (Global Outreach Ambassador), and Lay Zhang (Global communication Ambassador). Jiao Hongfen, Jia Yuan, and Benoît Ginisty, President of the International Federation of Film Producers Associations, presented honorary appointment letters to the three ambassadors, who pledged to build bridges through cinema and show the world China’s diverse beauty.

 

 

Li Shaohong, Global Image Ambassador, expressed her great honor and commitment to continuing to convey the diversity of Chinese cinema from a director’s perspective.

 

 

Liu Ye, Global Outreach Ambassador, shared his personal connection to the Cannes Film Festival. As part of a Sino-French family, he emphasized that cultural differences should not divide but bring people closer. He noted that a Chinese story touches French audiences not only through translation but through authentic emotion at its core. He believes that as more Chinese films reach global audiences, the world will see a true, three-dimensional, and warm China.

 

 

Lay Zhang, Global Communication Ambassador, described film as a universal language that transcends distance and connects hearts. He pledged to use this platform to show the world a real, vivid, and dynamic China, as well as the cultural responsibility of Chinese youth.

 

 

Inaugural Golden Coast Honors: Saluting Pioneers of Cultural Outreach

 

 

A highlight of the evening was the Inaugural Golden Coast Honors, launched to celebrate outstanding contributions to China’s cultural outreach. The honors aim to “honor original aspirations with glory, empower cultural outreach with grandeur”, recognizing exceptional film works, national brands, and intangible cultural heritage inheritors in the field of global cultural exchange.

 

 

Jiao Hongfen, Jiao Xiongping, Li Shaohong, Jiang Ping presented the honor to four outstanding Chinese productions: The Concierge, Cold War 1994, My Grandparents, Beyond the Window Lies the Blue Planet.

 

 

Jiang Ping presented the honor to Magic Lab for breakthroughs in high-tech global outreach.

 

 

Director Li Shaohong presented the honor to Junpei Jewelry.

 

 

Jia Yuan presented the honor to DYESOO (Duoyanshou).

 

 

Mike (Wu Yi Ge), Asia-Pacific Ambassador for Film and Cultural Exchange of China Night, presented the honor to Bai Xiao T.

 

 

Yuan Shanshan, Fashion Ambassador of China Night, presented the honor to Golden Tree.

 

 

Lay Zhang, Global Communication Ambassador of China Night, presented the honor to Zhou Liwei (paper-cutting) and Zhou Jin (horse-face skirt craftsmanship), inheritors of China’s intangible cultural heritage.

 

 

Liu Ye, Global Outreach Ambassador of China Night, presented the honor to: Chang Sisi, renowned Chinese coloratura soprano and Ambassador for ethnic culture promotion of China Night; Wang Xiaowei, renowned double keyboard (Electronic Pipe Organ) performer and Bokui, the celebrated painter.

 

 

Cinema as a Bridge, Mutual Appreciation of Civilizations

 

 

The evening culminated in a stunning audiovisual feast of East–West exchange: Anne Carrère, acclaimed French singer and heir to Edith Piaf’s legacy, performed the French classic Je Ne Regrette Rien, echoing China Night’s commitment to showcasing Chinese culture globally. Wang Xiaowei delivered a dual-keyboard + AI visual performance of Hero, blending technology and music to honor iconic cinematic figures. Chang Sisi performed Why Are the Flowers So Red in her signature coloratura style, merging Eastern melody with Western technique. Chen Yixuan, UNESCO International Peace Artist and guzheng performer, together with Shen Xiaolin, young traditional music inheritor, performed classic Chinese melodies on the guzheng.

 

 

During the cultural painting donation ceremony, Bokui, Sino-French Cultural Art Ambassador and master of freehand flower-and-bird painting, presented his original Chinese ink painting—featuring the rooster, beloved by both Chinese and French people—to representatives of the Cannes Marché du Film and the China Night Organizing Committee, embodying Eastern aesthetics.

 

 

From empowering Chinese filmmakers to shine globally, supporting Chinese films to sail overseas, and enabling national brands to go global, to promoting intangible cultural heritage to the world—China Night has always served as a dynamic platform for dialogue between China and the world.

 

 

On the stage of the 79th Cannes Film Festival, this year’s China Night marks a new chapter for Chinese cultural outreach with greater maturity and vision. Looking ahead, China Night will continue to unite filmmakers, cultural inheritors, and innovators, driving the broader international dissemination of Chinese stories and enabling the world to deeply appreciate China’s beauty.

 

 

Wisdom Illuminates the East · The Future Has Arrived. China Night, see you next year!

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519034843/en/

 

Business Wire India

Material Plus Holdings, LLC (Material), an intelligent growth company providing AI-driven consumer insights, growth strategy, product design and digital platform engineering, is pleased to welcome Ranjan Kalia as Chief Financial Officer (CFO).

 

Kalia’s appointment comes as Material continues to scale its global capabilities, helping clients harness the power of data and AI to deliver demand-centric growth. A three-time CFO with more than 30 years of experience, Kalia brings incisive financial perspectives and operational command shaped by senior leadership roles across both public companies and private-equity owned enterprises.

 

 

Laila Worrell, Material’s CEO, stated, “Ranjan’s leadership as CFO will play a pivotal role in our next phase of growth, as we invest to deliver even greater innovation and value for our clients. He brings a global, results-oriented mindset and a strong track record scaling tech-enabled services businesses. He will be a tremendous partner in executing Material’s strategy and creating exceptional outcomes for our clients.”

 

 

Kalia will partner with Material’s executive team to advance the company’s continued global expansion and investment in AI and data capabilities.

 

 

Kalia commented, “Material sits at a powerful intersection of customer data, behavioral and decision science, product design and platform engineering. Material is in a category-of-one in bringing these differentiated capabilities together to drive growth for clients. I am energized by the company’s momentum, the caliber of its people and its longstanding client relationships with the world’s most influential companies. The opportunity ahead is significant, and I look forward to helping Material continue to capture it.”

 

 

About Ranjan Kalia, Chief Financial Officer (CFO)

 

 

Ranjan Kalia joins Material with more than 30 years of experience leading finance organizations across global businesses. Most recently, Kalia was CFO at Brillio, and before that at Orion Innovation and Virtusa Corporation, where he was a central figure in scaling Virtusa’s business from roughly $100 million to $1.2 billion in revenue.

 

 

Earlier in his career, Kalia held senior finance and operational leadership roles at EMC Corporation, General Electric Company, PepsiCo, Inc., and PricewaterhouseCoopers LLP, building a foundation in global finance, audit and operations.

 

 

About Material

 

 

Material Plus Holdings, LLC is an intelligent growth company that is part of the Blackstone portfolio. Material has a 50-year history of helping clients build customer intelligence into brands, experiences, and digital platforms that compete and win. Material works with world-class companies to drive demand-centric growth through integrated capabilities including insights-driven strategy, product design and innovation, customer engagement, and digital platform engineering. In addition to serving the corporate market, through its subsidiary, Aruliden, Material has helped some of the world’s most celebrated cultural icons extend their personal brands into new product lines. Learn more at materialplus.io.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519749217/en/

 

Business Wire India

 

• With the addition of the Canva Connected App for Gemini, the Canva Design Engine now enables seamless creation in every major AI Assistant.
• Turn AI-generated images from Google’s Nano Banana model into editable designs with Canva’s Magic Layers AI tool.
• Connect to team context and brand intelligence stored on Canva to create on-brand designs from the first prompt.

 

Canva, the world’s leading all-in-one visual communication platform, today announced the launch of its Connected App for Google Gemini at Google I/O in Mountain View, California. Gemini users can now generate and edit Canva designs, search their Canva content, and turn Nano Banana images into layered, editable designs to refine and publish in Canva. Building on previous collaborations with Anthropic’s Claude, OpenAI’s ChatGPT, and Microsoft Copilot, the Connected App in Gemini represents a milestone in Canva’s strategy to every surface where work and ideas begin.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519890336/en/

 

 

 

As AI accelerates the pace of content creation, millions of people are looking for ways to move beyond ideas and siloed outputs, and turn AI content into real, usable work. The Canva Connected App for Gemini helps close that gap, uniting the power of Gemini with Canva’s brand management, drag-and-drop editing, real time collaboration, and powerful publishing platform.

 

Rolling out gradually to all Gemini tiers and all Canva plans in select markets in English starting May 19, the Canva Connected App for Gemini brings Canva’s proprietary design AI into one of the world’s most popular AI systems.

 

 

Bringing Canva Everywhere Work Begins

 

 

Powered by Canva’s proprietary foundation model for design, the Canva Design Model, Canva designs created in the Gemini app are fully editable and connected to your Canva Brand Kit. To get started, type @Canva or connect Canva in Gemini app settings, then typing @Canva to kick off an idea. Users can generate designs based on the context of their Gemini chat, and take it into Canva to refine, collaborate with their team and publish across platforms.

 

 

“You can only experience the true potential of AI when it’s connected to your brand and your context. Millions of people turn to Gemini for ideation and research, but they miss that brand, context & design that only Canva brings. Having the full power of Canva’s platform right in Gemini makes it seamless to turn AI-generated content into polished work that’s ready to scale. I’m especially excited to see what our community creates by pairing Nano Banana with Magic Layers: from campaign assets, to surreal storybooks, to eye-popping product imagery. They’re all great examples of how the Canva Design Model is opening up a new dimension of AI-powered design,” said Cameron Adams, co-founder and Chief Product Officer at Canva.

 

 

Nano Banana Images Become Editable Canva Designs

 

 

Today’s launch connects one of Canva’s most popular AI capabilities, Magic Layers, with Google’s Nano Banana image model. Magic Layers solves a persistent frustration with AI-generated content: flat, static image outputs that can’t be manually edited. Where generative AI has traditionally produced locked files that require re-prompting for every small change, Magic Layers analyzes the structure of an image and separates it into individual, movable elements.

 

 

Gemini users can now create high-fidelity images with Nano Banana, and ask Canva to turn those images into fully editable, layered designs that can be refined, resized, and published from Canva. Rather than re-prompting, Magic Layers unlocks true creative control over every idea – from marketing teams storyboarding campaigns, to small businesses updating promotional materials, and creators remixing content.

 

 

On-Brand From the Start

 

 

Even when AI helps teams move faster, they often spend significant time bringing outputs back on brand. 98% of Fortune 500 brands use Canva, which acts as a hub for brand content, logos, colors, fonts and overall visual identity.

 

 

That brand intelligence now travels into Gemini. The Canva Connected App for Gemini connects directly to each user’s Canva Brand Kit. Every AI-generated asset carries the right visual context, making Canva the foundation that keeps AI workflows on-brand.

 

 

Canva: The Visual Layer for AI 


 

 

Today’s launch completes Canva’s expansion into every major AI assistant. As large language models scale what is possible, Canva has become a critical engine for editable, on-brand design and analysis inside AI conversations.

 

 

Canva now serves more than 265 million people across 190 countries every month, is the third most-used AI platform in the world, and the fastest-growing in customer spend on AI products among leading software companies, according to research by Andreessen Horowitz. Canva apps, skills and more are now available across Claude, ChatGPT, Microsoft Copilot, and Google Gemini.

 

 

Whether work begins inside Canva or inside an AI assistant, Canva is the creative layer that turns AI-generated ideas into work that makes an impact.

 

 

Availability

 

 

The Canva Connected App for Google Gemini starts rolling out with limited availability from May 19, 2026, with full availability coming soon. Enable Canva via Gemini app settings to get started.

 

 

About Canva

 

 

Launched in 2013, Canva is the world’s leading all-in-one platform for visual communication and collaboration. Built to empower everyone to design, Canva serves the creative and design needs of enterprises, small businesses, consumers, and students in more than 190 countries worldwide. Whether you’re a novice taking your first steps in design, or a creative professional seeking powerful tools, Canva ensures users have what they need to transform an idea into something beautiful. Underpinned by the world’s most comprehensive library of designer-made content, Canva is powered by a suite of products and proprietary AI tools that elevate how individuals and teams create, collaborate, and communicate with ease.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519890336/en/

 

Business Wire India

Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway company, announced today that Bob Wamboldt will retire and John Vasuta will assume the role of President and Chief Executive Officer, effective August 1, 2026.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519630814/en/

 

 

 

Vasuta joined Johns Manville in 2019 as President of the company’s Engineered Products business. He also serves on the Board of Directors for EJ, a global leader and private manufacturer of infrastructure access products for water, sewer, utilities, drainage and telecommunications.

 

“It’s an extraordinary privilege to step into the role of CEO,” Vasuta said. “I’m deeply honored to continue serving our customers and supporting the employees whose dedication makes our success possible.”

 

 

Before joining JM, John held leadership roles at Bridgestone Corp., including President of Firestone Building Products International and Senior Vice President of Global Sales, Marketing & Operations, among others. He holds a bachelor’s degree in Engineering, an MBA and a Juris Doctor from the University of Akron.

 

 

John’s proven leadership, industry expertise, and strong relationships with both customers and employees make him exceptionally well‑suited to lead JM into the future. He will continue to build on the company’s 168-year history by delivering positive and powerful experiences for employees, customers, owners and other stakeholders.

 

 

“I am incredibly proud of what we’ve accomplished together, achieving milestones that reflect the hard work and dedication of our entire organization,” Wamboldt said. “As I step into retirement, I have absolute confidence in John, whose leadership will guide the company to even greater success.”

 

 

Wamboldt joined Johns Manville in 2003 and went on to lead each of the company’s three businesses – Engineered Products, Roofing Systems and Insulation Systems – before being named President and CEO in 2020.

 

 

“During Bob’s tenure, the company achieved significant progress, and we appreciate the dedication and professionalism he brought to the role of CEO,” said Mary Rhinehart, Chair of Johns Manville. “We congratulate him on a well‑earned retirement and look forward to John continuing to build on this strong foundation for the future.”

 

 

About Johns Manville

 

 

Johns Manville (JM), a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality products for building insulation, mechanical insulation, industrial insulation, commercial roofing and roof insulation, as well as fibers and nonwovens for commercial, industrial and residential applications. In business since 1858, the Denver-based company has annual sales of over $4 billion and holds leadership positions in all of its key markets. JM employs nearly 8,000 people and operates in 43 North American and European locations. Additional information can be found at www.jm.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519630814/en/

 

Business Wire India

• The motorola razr fold and moto buds 2 plus go on sale today from 12 PM onwards on Flipkart, Motorola.in, and leading retail stores across India at an effective price starting at just Rs. 1,39,999* and Rs. 4,999* respectively
• The smartphone features the World’s Best Foldable Camera System recognised with the DXOMARK Gold Label for imaging excellence, featuring pro grade Sony LYTIA™ lenses with up to 8K Dolby Vision® recording, powered by a 50MP Sony LYTIA™ 828 main sensor, 50MP Sony LYTIA™ 600 Periscope Camera with 3x optical zoom and 100x Super Zoom Pro, 50MP ultrawide plus macro vision camera, along with 20MP and 32MP selfie cameras
• The device is powered by the biggest battery in foldables, a massive 6000mAh silicon carbon battery delivering over 43 hours of battery life with 80W TurboPower™ charging, 50W wireless charging and 5W reverse charging
• The motorola razr fold comes with the brightest 6.6″ Extreme AMOLED external display with up to 165Hz LTPO refresh rate that unfolds into a massive 8.1″ 2K Extreme AMOLED main display with peak brightness of 6200 nits along with Dolby Vision® and HDR10+
• Built for durability with a precision engineered aircraft grade steel hinge with titanium reinforcement and Corning® Gorilla™ Glass Ceramic 3 protection along with IP48 and IP49 ratings
• Powered by Snapdragon® 8 Gen 5 built on advanced 3nm architecture and runs on Android™ 16 with advanced moto ai experiences
• Available in 12GB + 256GB and 16GB + 512GB variants, in PANTONE™ Blackened Blue Diamond Piqué-Inspired Finish and PANTONE™ Lily White Satin Luxe Inspired Finish
• The motorola razr fold is also available in a special FIFA World Cup 2026 Edition with exclusive FIFA UI customisations, FIFA Heroes game and 24 karat FIFA logo plating on the back panel
• Accompanied by moto buds 2 plus offering Segment’s Best Audio powered by Sound by Bose with powerful 11mm dynamic drivers and advanced Dynamic ANC delivering immersive audio experience
• Moto buds 2 plus features Bluetooth® 6.0, Dual Connection, CrystalTalk AI, LHDC and LDAC codec support, up to 40 hours total playback and IP54 water repellent design

Motorola, a global leader in mobile technology and innovation and India’s leading AI smartphone brand, today announced the sale of the motorola razr fold and moto buds 2 plus in India. Starting today from 12 PM onwards, consumers can purchase the devices on Flipkart, Motorola.in and leading retail stores across India at an effective price starting at just Rs. 1,39,999* for the motorola razr fold and Rs. 4,999* for the moto buds 2 plus.

The motorola razr fold redefines the foldable smartphone experience with its industry leading camera capabilities, immersive display technology, flagship performance and intelligent moto ai experiences. Recognised with the DXOMARK Gold Label for imaging excellence, the smartphone features the World’s Best Foldable Camera System powered by a triple 50MP pro grade camera setup led by Sony LYTIA™ sensors. The camera system delivers exceptional clarity, cinematic dynamic range, sharper details and blur free captures while enabling ultra sharp 8K Dolby Vision® recording and 4K Dolby Vision® recording up to 60fps across all lenses.

The device is powered by the Snapdragon® 8 Gen 5 processor built on advanced 3nm architecture delivering fast, efficient and intelligent performance. Combined with up to 16GB LPDDR5X RAM and up to 512GB UFS 4.1 storage, the motorola razr fold ensures smooth multitasking, responsive gaming and seamless productivity.

The smartphone also features the biggest battery in foldables with a massive 6000mAh silicon carbon battery delivering more than 43 hours of battery life on a single charge. It supports 80W TurboPower™ fast charging, 50W wireless charging and 5W reverse charging enabling uninterrupted productivity and entertainment throughout the day.

The motorola razr fold offers an immersive viewing experience with its massive 8.1″ 2K Extreme AMOLED main display and 6.6″ Extreme AMOLED external display. The display supports Dolby Vision®, HDR10+, 100% DCI P3 colour gamut and up to 6200 nits peak brightness delivering vibrant colours, exceptional outdoor visibility and cinematic viewing experience.

Blending craftsmanship with durability, the smartphone comes with premium Satin Luxe and Diamond Piqué inspired finishes in Pantone™ curated – Blackened Blue and Lily White colours. It features a precision engineered aircraft grade steel hinge with titanium reinforcement for long term durability and smooth folding experience. The smartphone also comes with Corning® Gorilla™ Glass Ceramic 3 protection and IP48 and IP49 ratings for enhanced resistance against water and dust.

Running on Hello UI based on Android™ 16, the motorola razr fold delivers advanced moto ai features, including Catch Me Up 2.0, Pay Attention, AI Image Studio, Recall and Global Search enabling smarter productivity and personalised experiences.

Complementing the foldable experience, the moto buds 2 plus delivers Segment’s Best Audio powered by Sound by Bose. Equipped with powerful 11mm dynamic drivers and balanced armatures by Knowles, the earbuds deliver rich bass, detailed vocals and immersive sound quality. The earbuds also feature advanced Dynamic ANC, CrystalTalk AI-powered calling and support for LHDC and LDAC codecs for high quality low latency wireless audio.

The moto buds 2 plus offers up to 40 hours of total playback with the charging case and supports Bluetooth® 6.0, Dual Connection, Gaming Mode, Wear Detection, Fit Test and IP54 water repellent protection, making it an ideal companion for everyday entertainment and productivity.

 

Availability:

The motorola razr fold will be available in two storage variants, including 12GB RAM + 256GB and 16GB RAM + 512GB and will come in stunning Pantone™ curated colour options, PANTONE™ Blackened Blue and PANTONE™ Lily White. The device features a range of premium finishes including Diamond Piqué-Inspired Finish and Satin-Luxe Inspired Finish, designed to deliver a unique, luxurious in-hand feel while ensuring durability and everyday comfort. Also, motorola razr fold will be available in FIFA special edition in limited quantities. The moto buds 2 plus is will be available in two stylish colours, PANTONE Silhouette and PANTONE Cool White.

The devices will go on sale starting 20th May 2026, from 12 PM onwards on Flipkart, Motorola.in, and leading retail stores across India, at an effective launch price starting at Rs. 1,39,999* and Rs. 4,999* respectively.

LAUNCH PRICING

motorola razr fold 12/256 GB: Rs 149,999

motorola razr fold 16/512 GB: Rs 159,999

motorola razr fold 16/512 GB FIFA Edition: Rs 169,999

Moto Buds 2 Plus: Rs 5,999

 

Affordability Offer details:

For motorola razr fold Consumer can avail offers mentioned below:

• Flat Rs 10, 000 Instant Bank discount

OR

• Flat Rs 10,000 Exchange bonus

There is also no cost EMI upto 18 months on select banks.

For moto buds 2 plus Consumer can avail offer mentioned below:

• Flat Rs 1.000 Instant Bank discount

 

NET EFFECTIVE PRICING (including bank and exchange offers)

• motorola razr fold 12/256 GB: Rs 99,999* or as low as Rs 5,556^/month
• motorola razr fold 16/512 GB: Rs 109,999* or as low as Rs 6,111^/month
• motorola razr fold 16/512 GB FIFA Edition: Rs 119,999* or as low as Rs 6,667^/month
• Moto Buds 2 Plus: Rs 4,999*

* *T&C Apply. Value calculated assuming an exchange value of Rs. 40,000 and exchange bonus of 10,000, applicable on select exchange devices only.

^Calculated for 18 month No cost EMI on the device value of 99,999 including exchange

 

Service Offer details:

Customers who purchase motorola razr fold during first 1 month i.e. till 20^th Jun, gets FREE one time screen replacement (valid for 1 year)

 

Operator Offer details:

Jio Users can also avail exciting offers on plan worth Rs 449

• 3 Months Hotstar Free
• 5000 GB with Pro Gemini.
• Plus, additional Cashback & offers from key brands
  • Rs 2,000 value on Tira, upto Rs 200 on Ajio
  • Rs 2,200 off on flights and offers worth Rs 4000 from Easemytrip

 

For more details on offer, please visit – https://www.jio.com/offers/brand-partners/jio-motorola-razr-fold-offer-2026/

 

To know more about the product visit: 

Flipkart – https://www.flipkart.com/motorola-razr-fold-coming-soon-ads-store

Motorola website – https://www.motorola.in/smartphones-motorola-razr-fold/p?skuId=652

 

Disclaimers:

^All battery life claims are approximate and based on the median user tested across a mixed use profile (which includes both usage and standby time) under optimal network conditions. Actual battery performance will vary and depends on many factors, including signal strength, network and device settings, temperature, battery condition, and usage patterns.

*Price including all offers

~ As Per TechArc India’s Leading AI Smartphone Brand Report 2025

Business Wire India

Mereo Insurance Limited (“Mereo”) today announced a renewal rights transaction with Everen Specialty Ltd. (“ESL”), a member of the Everen Group, for ESL’s Excess Casualty Energy portfolio.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519154915/en/

 

 

 

Under the transaction, Mereo will become the insurance carrier on a go-forward basis for both new and renewed business effective June 1, 2026. ESL’s underwriting team and underwriting systems supporting the Excess Casualty Energy portfolio will also transition to Mereo, led by former ESL Chief Underwriting Officer, Carla Greaves.

 

Under the terms of the agreement, Mereo will provide ESL insureds with continuity of coverage, access to AM Best “A- rated” paper, and the support of Mereo’s strong capital base, while ESL will service claims, ensuring that insureds continue to benefit from ESL’s prompt, transparent, and fair approach to claims servicing.

 

 

The transaction supports Mereo’s vision to become a leading next-generation global insurance and reinsurance platform by bridging the traditional insurance market with capital markets.

 

 

“This transaction is a strong strategic fit for Mereo and underscores our commitment to providing durable capacity and consistent, high-quality service to the energy market,” said David Croom-Johnson, President & Chief Executive Officer of Mereo Insurance Limited.

 

 

“We are pleased to welcome the experienced ESL underwriting team and to work in close partnership with the Everen Group to deliver a smooth transition for brokers and clients ahead of June 1 renewals. We see this as a mutually beneficial, long-term relationship, building on ESL’s 40-year track record in the Bermuda market, a solid portfolio of business, and an experienced team of underwriters.”

 

 

Robert Foskey, President & Chief Executive Officer of the Everen Group, commented, “This is an important milestone, and we are pleased that Mereo will carry the ESL Excess Casualty Energy portfolio forward. Our priorities throughout have been clear: continuity for the insureds who rely on large casualty limits, a soft landing for the ESL underwriting team, and a partner who will hold to the standards of service our insureds expect.”

 

 

“As a Bermuda-based company invested in the long-term strength of this market, we are equally pleased that the transaction keeps meaningful excess liability capacity on-island.”

 

 

Mereo and ESL are working closely together to ensure that renewed policies are transitioned seamlessly on or before June 1, 2026. Existing broker and client relationships will be supported by a coordinated handover plan.

 

 

About Mereo:

 

 

Mereo is a Bermuda-based insurer and reinsurer providing specialty solutions across Casualty, Specialty and Property classes and participates on both on a proportional and non-proportional basis through its office in Hamilton, Bermuda. The company maintains an AM Best A- (Excellent) financial strength rating with a Stable outlook and a well-capitalized platform that underpins its ability to deliver continuity of cover and long-term support to policyholders. For further information about Mereo visit: www.mereoinsurance.com

 

 

About Everen Group:

 

 

The Everen Group – a group of leading energy insurance companies based in Bermuda – includes two independent operating companies providing complementary products: Everen and Everen Specialty. For further information about the Everen Group visit www.everengroup.bm

 

 

For inquiries regarding this press release, please contact Elizabeth Deacon, Communications Manager at elizabeth.deacon@everengroup.bm

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519154915/en/

 

Business Wire India

Bounteous, an AI Services Firm, today announced the appointment of Srikanth Kamaraju as Executive Vice President, India Practice Leader, supporting the company’s continued expansion of AI and digital transformation capabilities in India and globally. Srikanth joins Bounteous with more than 25 years of global leadership experience spanning digital transformation, artificial intelligence and generative AI strategy, customer success, and enterprise consulting.

Prior to joining Bounteous, Srikanth held leadership roles at Adobe and Cognizant, where he led global consulting and digital transformation initiatives in the data, AI, and platform space across APAC, EMEA, and North America. He helped enterprises modernize customer experience capabilities, scale digital platforms, and accelerate AI adoption across financial services, retail, and technology industries.

“Srikanth’s experience leading global transformation initiatives and building AI-driven consulting capabilities makes him a strong addition to our leadership team,” said Kelly Jessop, Chief Solutions Officer at Bounteous. “His customer-first mindset and track record of scaling innovation will help strengthen our teams across India and support continued growth for our clients worldwide.”

In his new role, Srikanth will expand customer partnerships, grow the firm’s practice capabilities, and accelerate innovation across industries including financial services, high tech, healthcare, telecommunications, consumer services, and manufacturing. His appointment reflects the company’s continued investment in India as a strategic hub for data, AI, cloud, and customer platform capabilities.

“Bounteous combines deep technical expertise with a collaborative, innovation-focused culture,” said Srikanth. “I’m excited to help scale our India practice and partner with clients to deliver AI-enabled solutions that drive meaningful business outcomes.”

Bounteous continues to expand its global capabilities to help clients accelerate transformation through AI, data, cloud, and experience-led solutions.

 

Business Wire India

 

Company positioned for long-term growth, operational excellence, and continued customer-focused innovation

 

Will emerge from financial restructuring with enhanced financial flexibility and significantly less debt

 

New ownership and Board of Directors committed to executing on vision to take the business to the next level

 

Bruce Rubin appointed Executive Chairman and Dean Williams appointed Interim Chief Executive Officer

 

The LYCRA Company, LLC (“the Company”), a global leader in developing fiber and technology solutions for the apparel and personal care industries, will successfully complete its comprehensive financial restructuring process and emerge from Chapter 11 protection on May 20, 2026.

 

The LYCRA Company has established a durable capital structure that will enable the Company’s pursuit of its growth strategy through investment in innovation, customer partnerships, and global operations. The Company will emerge from its comprehensive restructuring process with significantly enhanced financial flexibility and a strengthened balance sheet to support long-term growth. The Company will have reduced its total long-term debt by more than $1.2 billion and will obtain more than $75 million in new money investment. Throughout the process, the Company has maintained uninterrupted operations and continues to deliver on commitments to its employees, customers, and vendors.

 

 

The LYCRA Company will be supported by new equity owners. The new owners are investment funds with a global presence that have been long-term investors in the Company’s securities. Collectively, they bring deep experience and commitment to the Company, its products, and its brands, and are committed to building on the positive momentum of the restructuring process by investing in the Company’s future success.

 

 

Dean Williams, the Company’s Chief Financial Officer, has been appointed interim Chief Executive Officer. Mr. Williams will serve in an interim capacity while a search is conducted for a permanent CEO. Mr. Williams has been with the Company since its formation over seven years ago and has extensive experience in financial leadership, strategic planning, and operational management, positioning him very well to guide The LYCRA Company through this next phase. Gary Smith, the Company’s former Chief Executive Officer, has stepped down and separated from the Company.

 

 

The Company has also appointed a new Board of Directors, with Bruce Rubin, an experienced energy and chemicals executive with over 45 years of leadership experience, serving as Executive Chairman of the Board. Mr. Rubin stated, “With a strong foundation in place, The LYCRA Company will be well-positioned to enhance operational excellence, accelerate innovation, deepen customer partnerships, and reinvest in our high-quality products. We look forward to growing our distinct and trusted brands into the future. We would like to thank Gary and the departing Board for their steady leadership in guiding the Company through this pivotal period. The Board looks forward to working closely with Dean – an exceptional and trusted operational leader – as we position the Company for success.”

 

 

The rest of The LYCRA Company’s executive leadership team remains in place and will continue to partner closely with Dean and other key stakeholders to accelerate the Company’s path forward.

 

 

“Emergence marks a defining moment for The LYCRA Company,” said Dean Williams, Interim Chief Executive Officer. “We will now be a financially stronger, more focused organization that is positioned for growth. This milestone would not have been possible without our team members, whose resilience, dedication, and commitment to our customers enabled us to navigate this process without disruption. While we still have work to do to reach our full potential, we have never been better positioned to do so.”

 

 

The LYCRA Company is advised in this matter by Linklaters LLP and Haynes Boone, LLP as legal counsel, Houlihan Lokey as investment banker, and FTI Consulting as financial and communications advisor.

 

 

About The LYCRA Company

 

 

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries and owns the leading consumer brands: LYCRA®, LYCRA HyFit®, LYCRA® T400®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX® and TACTEL®. Headquartered in Wilmington, Delaware, U.S., The LYCRA Company is recognized worldwide for its sustainable products, technical expertise, and marketing support. The LYCRA Company focuses on adding value to its customers’ products by developing unique innovations designed to meet the consumer’s need for comfort and lasting performance. Learn more at thelycracompany.com.

 

 

LYCRA® is a trademark of The LYCRA Company.

 

 

Forward-Looking Statements

 

 

This press release contains statements that are not historical information and are “forward-looking statements.” Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. Statements can generally be identified as forward looking because they include words such as “believes,” “anticipates,” “expects,” “intends,” “plans,” “will,” “estimates,” “potential,” “target,” “predict,” “project,” “seek,” and variations thereof or “could,” “should” or words of similar meaning. Statements that describe the Company’s future plans, objectives or goals are also forward-looking statements, which reflect the current views of the Company with respect to future events and are subject to assumptions, risks and uncertainties that could cause actual results to differ materially. Although the Company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, the economy, its knowledge of its business, and key performance indicators that impact the Company, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements.

 

 

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260518617195/en/

 

Business Wire India

 

• Ustekinumab BS 45 mg Syringe for S.C. Injection「NIPRO」 is now available in Japan, after its listing under the National Health Insurance (NHI) Drug Price Standard
• Marks first launch in Japan through partnership with NIPRO CORPORATION
• Samsung Bioepis continues to expand its global presence, widening access to life-enhancing treatments for patients with chronic autoimmune conditions

 

Samsung Bioepis Co., Ltd. today announced the launch of Ustekinumab BS 45 mg Syringe for S.C. Injection「NIPRO」, a biosimilar referencing Stelara¹ (ustekinumab), marking its first product launch in Japan under partnership with NIPRO CORPORATION (hereafter “NIPRO”). The launch follows the Official Gazette announcement on May 19 regarding the product’s listing under the National Health Insurance (NHI) Drug Price Standard, which became effective today.

 

“We are thrilled to announce the launch of our first biosimilar product in Japan in partnership with NIPRO,” said Jinhan Chung, Vice President and Head of Commercial Strategy for International Markets, at Samsung Bioepis. “Together with our partner NIPRO, we look forward to supporting patients living with autoimmune diseases and contributing to the sustainability of Japan’s healthcare system by providing quality-assured, safe and effective biosimilar options.”

 

 

Ustekinumab is a human immunoglobulin G1 kappa (IgG1κ) monoclonal antibody that prevents abnormal regulation of IL-12 and IL-23 associated with immune-mediated diseases. Japan’s Pharmaceuticals and Medical Devices Agency (PMDA) has granted marketing authorization to Ustekinumab BS 45 mg Syringe for S.C. Injection「NIPRO」 for the treatment of plaque psoriasis and psoriatic arthritis in December 2025.²

 

 

Samsung Bioepis announced a strategic partnership with NIPRO for the development and commercialization of multiple biosimilar candidates in Japan, including ustekinumab, in June 2025.

 

 

Samsung Bioepis’s ustekinumab biosimilar is also available under different brand names across the European Union (EU), Korea, the United Kingdom (UK), and the United States (US).³

 

 

About Samsung Bioepis Co., Ltd.

 

 

Established in 2012, Samsung Bioepis is a biopharmaceutical company committed to realizing healthcare that is accessible to everyone. Through innovations in product development and a firm commitment to quality, Samsung Bioepis aims to become the world’s leading biopharmaceutical company. Samsung Bioepis continues to advance a broad pipeline of biologic candidates that cover a spectrum of therapeutic areas, including immunology, oncology, ophthalmology, hematology, nephrology, neurology, and endocrinology. For more information, please visit www.samsungbioepis.com and follow us on social media – X, LinkedIn.

 

 

1 Stelara is a trademark of Johnson & Johnson.
2 Ustekinumab BS 45 mg Syringe for S.C. Injection「NIPRO」 is not indicated for the treatment of Crohn’s disease or ulcerative colitis.
3 Samsung Bioepis’s ustekinumab biosimilar is available under the brand name PYZCHIVA™ in the EU, the UK, and the US. In Korea, it is available under the brand name EPYZTEK™.

 

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519144753/en/

 

Business Wire India

Global Millennial Capital Ltd. (“GMCL”) today announced the final closing of its inaugural IPO Opportunities Fund at USD 100 million. Raised through a private placement with institutional and professional investors, the fund targets late-stage and special opportunities investments across mid-cap technology companies operating in high-growth sectors, including artificial intelligence, decentralized finance infrastructure, cybersecurity, digital infrastructure, enterprise software, and climate technologies.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519513523/en/

 

 

 

The fund is designed to capitalize on the increasing number of technology companies achieving meaningful scale while remaining private for longer periods prior to liquidity events. GMCL’s investment strategy focuses on identifying companies at critical inflection points in their growth trajectories, providing investors with exposure to differentiated mid-cap opportunities often underserved by traditional large-cap capital allocators.

 

According to Andreea Danila, Head of Investment and Research at Global Millennial Capital, structural shifts across artificial intelligence, digital infrastructure, cybersecurity, enterprise software, and climate-focused technologies continue to create compelling opportunities within the global mid-cap technology segment. These sectors are increasingly driving the next phase of AI-led industrial transformation and global capital market modernization.

 

 

In addition to IPO-focused investments, the fund pursues a broader special opportunities strategy targeting companies requiring flexible growth capital, strategic liquidity solutions, or transaction support during key stages of expansion and value creation. Investment opportunities include pre-IPO placements, secondary transactions, restructuring situations, complex M&A transactions, and tailored mezzanine financings, with an emphasis on disciplined structuring, governance alignment, and long-term strategic execution.

 

 

GMCL believes decentralized financial infrastructure is becoming an increasingly important component of the modernization of global financial systems. Regulatory developments and institutional adoption trends continue to accelerate integration between traditional financial services and digitally enabled infrastructure, particularly across payments, treasury operations, settlement efficiency, and capital markets accessibility.

 

 

Investors in the fund include family offices and institutional investors from the Gulf region, alongside existing GMCL investors and international wealth management partners.

 

 

Important Notice: This announcement is provided for informational purposes only and does not constitute an offer or solicitation to invest in any securities or financial products. Please refer to Global Millennial Capital’s LinkedIn page and website for full disclaimers and regulatory disclosures.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519513523/en/