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Business Wire India

• India must change how steel is produced if it’s to meet growth and climate targets simultaneously
• Industry emissions well above global average, threatening India’s ambition to become green steel leader
• Transition Report Cards reveal mixed picture at India’s largest steel companies, with Tata Steel and Jindal Stainless leading progress
• India green steel transition moving beyond target-setting and into a contest over bankable delivery

 

India cannot build its next phase of economic growth without steel. But it cannot achieve that growth and meet its long-term climate goals unless it changes how that steel is produced.

 

India has an ambitious target to boost crude steel capacity by almost 70% from 2023 figures to 300 million tonnes by 2030-31, requiring about USD105.5 billion in investment.

 

This poses a challenge for a nation that’s committed to reaching its climate goals. Currently, India’s steel production emissions are about 28% higher than the global industry average. If the country is to achieve its aim of becoming a global leader in green steel production and consumption, steel producers must move beyond ambition and target-setting and into an era of accountability and validation.

Without decisive and rapid action, the industry risks locking in high emissions for decades to come. The latest report from Asia Research & Engagement (ARE) – Forging Ahead: Pathways to Green Steel for India – outlines roadmaps for companies to achieve those goals, and measures progress by four of the country’s largest producers: Tata Steel, JSW Steel, Jindal Steel, and Jindal Stainless.

 

Diverging strategies across major steelmakers

ARE’s analysis reveals a significant gap between companies that are advancing clear decarbonisation strategies and those still primarily expanding conventional capacity.

 

Among integrated producers, Tata Steel shows the most developed transition pathway, with visible progress in electric arc furnace (EAF) deployment, hydrogen pilots, and emissions disclosure. By contrast, peers remain earlier in the shift, with capital expenditure still largely tied to blast furnace-based expansion.
 

Jindal Stainless stands apart structurally, benefitting from a scrap and EAF-based production model that enables more immediate emissions reductions, though this reflects in-built differences in the product mix rather than a like-for-like transition across the sector.
 

“Some companies are beginning to articulate credible route-shift strategies and invest in enabling systems like clean power and scrap, while others remain more heavily anchored to conventional expansion,” said Arun Kumar, Strategic Advisor – Power Markets & Technology Innovation, at ARE.
 

“The next phase of the steel transition will not be determined by long-term net-zero targets but by whether companies can deliver bankable, plant-level pathways that reduce emissions intensity while scaling production,” Arun Kumar added.

These pathways include:

 

• Clear production route choices
• Capital allocation aligned with lower-emissions production
• Time-bound implementation milestones
• Robust measurement, reporting and verification systems capable of meeting regulatory and market requirements

From ambition to execution

The industry is already being reshaped by tightening domestic policy frameworks and global dynamics. The introduction of India’s Green Steel Taxonomy creates a measurable benchmark for emissions performance and provides a clear distinction between credible green production and vague sustainability claims.

 

In parallel, the European Union’s Carbon Border Adjustment Mechanism (CBAM) is making emissions data a commercial requirement for exporters, increasing demand for plant-level, verifiable carbon accounting across supply chains.

 

For policymakers, the next step is to build demand through procurement standards and certification frameworks. For buyers, particularly in infrastructure and public projects, early signals can play a key role in scaling lower-emission steel production.

 

“India’s steel transition is crystallising into a contest over bankable delivery, and credible execution will determine which companies emerge as leaders and those that fail to adapt,” Kumar said. 

 
For deeper analysis and complete assessment, download the complete report HERE.

 

Business Wire India

Miro®, the AI Innovation Workspace for teams, has announced new innovations across its AI platform, reinforcing its position as the collaboration layer where people, context, and agents from every function converge to solve hard problems, make better decisions, and build the right thing faster. Major upgrades to Miro’s agentic AI tools — including Sidekicks and Flows — alongside new Connectors, help customers close the gap between individual AI productivity and organization-wide transformation.

 

AI is reshaping the pace of work, but often teams are not realising the benefits. In many organizations, a gap has emerged between what individuals can now do and what companies can harness. The reason? Collaboration has fractured. Teams have moved from one mode of working to three — human to human, human to agent, and agent to agent — but these are running in silos, invisible to each other. Within those silos, AI amplifies misalignment rather than correcting it, and the gaps only show up when the work comes together.

 

 

Miro’s vision to bridge this gap is clear: Organizations need a shared space for teams to collaborate around agentic output and move work forward. Miro is unifying all collaboration modes on one surface — the canvas. That includes continuing to invest in the human-to-human collaboration that remains the foundation of great work, because trust, judgment, and shared understanding between people are what drive real progress and breakthrough innovation.

 

 

“AI leverage is locked inside private chat windows — accelerating individuals, but never reaching the organization,” said Andrey Khusid, CEO and Founder at Miro. “When every collaboration mode converges on one surface, individual speed becomes company speed, and individual clarity becomes shared clarity. A collection of 10x people pulling in different directions transforms to become a 10x company pulling in the same direction. Every organization will need to make that shift to stay competitive. That’s the outcome we’re building toward.”

 

 

“AI is more powerful when it supports and augments teamwork,” said Wayne Kurtzman, Research Vice President, Collaboration and Communities, at IDC. “Leaders must seek out the tools and technologies that enhance their teams’ creativity, agility, and innovation. As work becomes more agentic, AI’s ability to connect to work, alongside teams, becomes critical to tackling bigger challenges.”

 

 

“Accelerating work with AI in a silo creates speed without direction – and that’s a problem,” said Matt Cloke, at CTO Endava. “What Miro brought to life for me was the importance of keeping context on the canvas, where everyone can see and build on it. People think about context as static things — documents, images — but everything can be visual context: a sticky note, a table, a workflow, even a pop-up interaction. Having that context accessible and connected is what makes AI powerful. How you parse it through and onwards to other elements of AI — that’s where the real value is.”

 

 

Key updates to the Miro AI platform announced today include:

 

 

Teams can work with agents on the canvas

 

 

• Agents are becoming a core part of how work gets done, but they’ve had no way to participate in the shared canvas where teams think, plan, and align. That leaves them working around a process rather than inside it. Miro’s canvas is now AI-readable and writeable by third-party agents, with:
  • Expanded MCP support spanning tool and board creation, frames, comments, shapes, and code blocks.
  • New agent-friendly formats: Mermaid diagrams, Markdown, and HTML widgets so agents can contribute to the canvas in a language they speak natively.
  • Connectors link Miro’s Sidekicks and Flows to the tools teams already use, with Connectors for Slack, Atlassian, Granola, GitHub, and more.
  • Most decisions are made in Miro. Now they travel further. Connectors read from and write back to the systems where work executes — no lost context, no recreated effort, no broken chain from insight to action.
  • Miro as a native connector within ChatGPT, Claude, and Microsoft Copilot, so that work happening between individuals and AI tools can surface on a shared canvas where the whole team can see, react, and build on it together.

 

Sidekicks evolves from AI assistant into agentic thought partner

 

• Most AI tools are reactive. They respond to a prompt, return an answer, and stop. That works fine for simple tasks — but the complex, ambiguous, evolving work that actually slows teams down doesn’t fit neatly into a single instruction. Sidekicks is evolving into a truly agentic thought partner: one that understands what you’re trying to achieve and knows how to solve it.
  • Tackle complex work: Describe your goal in your own words. Sidekicks now understand intent, break ambiguous problems into solvable steps, and ask intelligent clarifying questions.
  • Canvas generation: Sidekicks and Flows can now generate full board content from a single prompt, including documents, diagrams, Kanbans, sticky notes, and frames, so teams arrive at a meaningful collaborative starting point in minutes instead of hours.
  • Context and Memory: Miro builds a persistent understanding of how you work, what you’re focused on, and what’s already in motion — pulling in the right context automatically and picking up where you left off.
  • Voice: Interact with Sidekicks in two-way voice chat. Speak naturally, change direction, and let ideas flow without crafting the perfect prompt.

 

Flows can connect systems for repeatable work

 

• Every team has recurring work — standups, sprint reviews, kickoffs — but no shared place to run it. Instead, someone manually pulls data, updates tools, and chases approvals every single time.
  • Flows now extend beyond the canvas through Connectors, enabling automated workflows that call tools both inside Miro and across connected systems, including pulling in meeting transcripts, creating tasks in project trackers, and surfacing the latest Kanban views, combined with human-in-the-loop approval steps, make Flows the shared infrastructure for how teams run their repeatable work together.

 

Achieve better alignment and build the right thing with Miro Prototypes

 

• The gap between an idea and something the whole team can react to is where projects go wrong — decisions made too late, with too much already built to change course. Updates to Miro Prototypes turn the context a team already has into real options everyone can react to, and align in the right direction.
  • Code to Prototype: Miro Prototypes now pulls context from Claude Code and other tools directly onto the canvas, so existing work becomes the starting point for team alignment and decisions.
  • Evolve design: Evolve existing product designs into fully connected, editable multi-screen flows by importing screenshots or Figma files and iterating with AI – all without starting from scratch.
  • Style prototypes: Instantly apply a brand’s look and feel to AI-generated prototypes by extracting a theme from a URL or selecting from Brand Center, so designs are on-brand from the very first generation.
  • Variants: Generate multiple prototype variants at once so your team can compare directions and make more informed decisions.
  • Seamless handoff: Export your finalized prototype directly to your coding agent or Figma, preserving all context for a seamless handoff from idea to build.

 

Miro Canvas 26

 

Miro presented its latest updates to attendees at Canvas 26, its annual flagship customer event, in San Francisco. The event included guest speakers, including Tomer Cohen, former CPO at LinkedIn and Joe Dunleavy, Regional CTO for Europe and Global Head of Dava.X AI group at Endava, as well as customer showcases from Austin Lin, VP of Product Management at Cisco and Amanda Kane, SVP Product Operations, and Tracy Love, SVP Enterprise Technology Solutions at J.Crew.

 

 

Miro is proud to collaborate with its official partners and sponsors at Canvas 26: Voltage Control, Asana, Bolt, Atlas Bench, AWS, and OpenAI.

 

 

About Miro

 

 

Miro is the AI Innovation Workspace that brings teams and AI together to plan, co-create, and build the next big thing, faster. Serving more than 100 million users across 250,000 customers, Miro empowers cross-functional teams to flow from early discovery through final delivery on a shared, AI-first canvas. With the canvas as the prompt, Miro’s collaborative AI Workflows keeps teams in the flow of work, scales shifts in ways of working, and drives organization-wide transformation. Founded in 2011, Miro currently employs more than 1,600 people in 14 hubs around the world. To learn more, visit https://miro.com.

 

 

Miro and the Miro logo are trademarks or registered trademarks of RealtimeBoard, Inc., in the United States and/or other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519060858/en/

 

Business Wire India

NordicTrack is bringing studio-grade Pilates directly into the home with the Ultra 1 Reformer, available to order May 19 at NordicTrack.com for $US4,999. Blending luxury craftsmanship with smart technology, this consumer-focused model offers a studio‐quality Pilates experience that fits effortlessly into modern living.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519139005/en/

 

 

 

Pilates has become a cornerstone of modern wellness, recognized for building core strength, improving flexibility, and fostering a deep mind-body connection. Recognizing this growing demand, NordicTrack’s new reformer pairs elegant design with an integrated HD touchscreen and seamless access to expert‐led classes through the iFIT platform.

 

“The Ultra 1 Reformer is the first Pilates machine that earns its place in your home. Real equipment, personalized expert instruction, and the results we are all seeking,” says Kevin Duffy, CEO of iFIT Inc.

 

 

“The Ultra 1 Reformer does something no other machine has done — it removes the intimidation and complexity that can come with reformer Pilates, creating a genuine, studio-quality experience at home that feels intuitive and immersive,” says Yvette McGaffin, Director of Product Marketing, Pilates at iFIT. “From the Smart Spine system to push-button resistance and real-time feedback, every detail was built so the only thing you’re thinking about is your workout.”

 

 

A Smarter, Safer Way to Move at Home Pulling design elements from NordicTrack’s award winning Ultra 1 Treadmill, the Ultra 1 Reformer was specifically engineered to elevate home wellness spaces. It features a warm maple finish that blends naturally into contemporary homes. To prioritize ease of use and safety, the Ultra 1 Reformer introduces several innovative design elements:

 

 

• Smart Spine™ System: This first-of-its-kind system features an enclosed spring design, eliminating exposed springs for a cleaner look and added safety, which is ideal for homes with children or pets.
• Push-Button Resistance Adjustment: Users can easily adjust spring tension with a simple press or lift of a button, eliminating the need to manually hook springs.
• Tailored Resistance: The system utilizes 3 buttons to deliver 7 distinct resistance levels ranging from 22 to 99 lbs (10-45 kg).
• Immersive HD Touchscreen: The reformer is equipped with a 24-inch (61 cm) HD touchscreen that tilts, pivots, and swivels to the left side, powered by the iFIT OS for seamless content delivery.
• Adjustable Footbar: Features 4 adjustable positions and 2 cane-shaped footbars to accommodate various movements and user sizes.

 

Connected Pilates, Anytime Powered by iFIT, members gain instant access to a growing library of 75+ reformer-specific programs and over 200 mat Pilates workouts led by expert instructors. The machine provides real-time on-screen feedback to guide resistance levels and track performance, ensuring users keep up with instructors on-screen. The Ultra 1 Reformer is available to order starting May 19 at NordicTrack.com for $4,999. Additional accessories — including a Jumpboard, Pilates Box, and Reformer Mat — are available separately.

 

About iFIT iFIT Inc. is a global leader in fitness technology, pioneering connected fitness to help people live longer, healthier lives. With a community of more than 12 million athletes around the world, iFIT delivers immersive, personalized workout experiences at-home, on the go, and in the gym. Powered by a comprehensive ecosystem of proprietary software, innovative hardware, and engaging content, the iFIT platform brings fitness to life through its portfolio of brands: NordicTrack, ProForm, Freemotion, and the iFIT app. From cardio and strength training to recovery, iFIT empowers athletes at every stage of their fitness journey. For more information, visit iFIT.com.

 

 

About NordicTrack: NordicTrack, a brand of iFIT Inc., has been a pioneer in connected home fitness for over 50 years. From treadmills and bikes to strength and Pilates, NordicTrack combines premium hardware with the iFIT platform to deliver personalized, expert-led experiences that meet members wherever they are in their fitness journey. For more information, visit NordicTrack.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519139005/en/

 

Business Wire India

Andersen Global continues to enhance its multi-dimensional platform through a Collaboration Agreement with Graebel, a global leader in workforce mobility and managed services headquartered in the U.S. with global capabilities spanning the Americas, Europe, and Asia.

 

Founded in 1950, Graebel works with many of the world’s most recognized organizations to simplify the movement and management of talent. The company helps organizations support employees throughout the workforce journey—from internships and onboarding to domestic and international mobility and career transitions—through services that span strategic planning, departure and destination support, on-assignment assistance, repatriation, and mobility program design. Through strategic advisory and intelligent technology, Graebel enables organizations to make more informed decisions and align talent mobility with broader business and workforce strategies through data-driven insights and deep mobility and governance expertise.

 

 

“Our history as a family-owned company has shaped how we approach client relationships, but our focus remains on delivering results,” said Ron Dunlap, CEO of Graebel. “Our collaboration with Andersen Global enhances our ability to support clients with workforce mobility solutions that are efficient, responsive, and designed to address increasingly complex talent and workforce needs.”

 

 

“Workforce mobility has become a defining factor for organizations operating across borders,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “Graebel’s long-standing commitment to people, combined with their experience supporting complex workforce mobility programs, complements our existing capabilities. This collaboration enhances our ability to support clients as they manage talent movement in an increasingly global and interconnected business environment.”

 

 

Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519509360/en/

 

Business Wire India

 

• 89% of senior HR, rewards, and compensation leaders say in-house technology cannot keep pace with executive compensation demands
• 80% report increased participation in incentive schemes over the past three years
• 66% identify reliance on multiple service providers as a key barrier to maintaining accurate and consistent data

 

Managing executive compensation is a growing challenge for financial services firms, with nearly nine in 10 (89%) saying their in-house technology can’t keep pace with demand. New research by CSC, the leading provider of business administration and compliance solutions, shows that rising complexity, regulatory pressure, and expanding global participation place increasing strain on internal systems and teams.¹

 

CSC surveyed 300 senior HR, rewards, and compensation leaders across Europe, Asia Pacific, and North America working in private markets, asset management, insurance, and investment banking. The report, The Future of Reward in Financial Services: Executive Compensation in 2026, explores their responses and examines how firms adapt to increasing complexity in long-term incentive (LTI) schemes.

 

 

The research revealed that more than four in five (86%) respondents find the administration of compensation schemes is now complex, reflecting the rapid evolution and expansion of LTI structures across global organizations.

 

 

Rising participation and regulatory scrutiny are key drivers of this complexity. Four in five (80%) firms report increased participation in compensation schemes over the past three years, as organizations extend incentives beyond senior executives to support retention and reward performance. At the same time, half (50%) are preparing for 2026 transparency reviews and regulatory consultations, signaling a significant increase in compliance and reporting expectations.

 

 

“Participation in LTI schemes is widening, and expectations around fairness and transparency are increasing,” said Shane Hugill, head of Executive Compensation Services at CSC. “While that’s positive from a talent and performance perspective, it also means firms are dealing with more moving parts. Many are managing programs across multiple providers and jurisdictions, which can make it harder to keep data consistent and processes under control.”

 

 

In addition, data fragmentation now poses a significant challenge for organizations. Two-thirds (66%) of respondents cite reliance on multiple service providers as a key barrier to maintaining accurate and consistent data, while 64% point to operating across multiple regulatory environments. These challenges increase the risk of reporting errors and compliance failures. They also make it harder for firms to maintain a single, accurate view of their incentive plan data.

 

 

As a result, companies are rethinking how they manage incentive plans, with many turning to outsourcing and technology partners to improve efficiency and control. More than three-quarters (77%) of respondents say they use multiple outsourcing partners to administer compensation schemes across jurisdictions.

 

 

“As the labor market becomes increasingly competitive, firms have to think more creatively about how they reward and retain top talent,” added Jennifer Kenton, chief commercial officer at CSC. “That can make executive compensation harder to manage, and that’s why firms need a trusted partner with proven expertise in administration and execution for all incentive plans.”

 

 

CSC provides a fully outsourced, global plan administration and special purpose vehicle (SPV) solution for executive compensation and incentive plans, combining expertise in plan design, administration, and governance with a flexible, scalable delivery model. Its all-in-one technology platform, powered by Ledgy, brings plans into a single environment, enhancing visibility, efficiency, and control.

 

 

To download a copy of CSC’s The Future of Reward in Financial Services: Executive Compensation in 2026, visit https://www.cscglobal.com/service/campaigns/executive-compensation-2026-report/

 

 

About CSC

 

 

CSC is the trusted partner of choice for more than 90% of the Fortune 500®, more than 90% of the 100 Best Global Brands (Interbrand®), and more than 75% of the PEI 300. We are the world’s leading provider of global business administration and compliance solutions, specialized administration services to alternative asset managers across a range of fund strategies, transactions involving capital markets participants in both public and private markets, domain name system management, digital brand and fraud protection, and corporate tax software solutions. Founded in 1899 and headquartered in Wilmington, Delaware, USA, CSC has been privately held and professionally managed for more than 125 years. CSC has office locations and capabilities in more than 140 jurisdictions across Europe, the Americas, Asia Pacific, and the Middle East. We are a global company capable of doing business wherever our clients are—and we accomplish that by employing experts in every business we serve. We are the business behind business®. Learn more at cscglobal.com.

 

 

¹CSC, in partnership with PureProfile, surveyed 300 senior HR, rewards, and compensation leaders located in Europe, Asia Pacific, and North America working in financial services to understand their views on the increasing complexity in LTI schemes.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519804575/en/

 

Business Wire India

During the 79th Cannes Film Festival, the “China Night” event and the “Chinese Cinema+” Forum, jointly hosted by China Film Producers’ Association and Beijing Wing Sight Culture and Media Co., Ltd., were grandly held on the afternoon of May 13 (local time) at the Palais Stage of the Marché du Film in Cannes, France. Centered on the theme “Intelligent Empowerment in Creation: The New Birth of Eastern Visual Storytelling,” the forum brought together leading figures from the Chinese and international film industries, including renowned directors, actors, international producers, and representatives from technology companies. Participants engaged in in-depth discussions on new pathways and opportunities for the deep integration of artificial intelligence and the film industry, while promoting exchanges and cooperation between Chinese cinema and the global film industry.

 

Distinguished Guests Gather as Chinese and International Filmmakers Celebrate the Event Together

 

 

The forum was moderated throughout by renowned host Liang Zhi. He Youlin, Consul General of the People’s Republic of China in Marseille; Qin Zhengui, Vice Director of the National Film Administration of China; Jiao Hongfen, Chairman of China Film Producers’ Association; Benoît Ginisty, Chief Representative of the International Federation of Film Producers Associations; Jia Yuan, Chairman of the Cannes China Night Organizing Committee, and other Chinese and foreign industry leaders attended the event and delivered speeches, witnessing in person the in-depth dialogue between Chinese film and the international arena.

 

 

He Youlin stated that, at a time when artificial intelligence is reshaping the global landscape, Chinese cinema is willing to work hand in hand with filmmakers around the world to embrace technological transformation while upholding the spirit of humanistic values.

 

 

Vice Director of the National Film Administration of China, Qin Zhengui noted that artificial intelligence is profoundly reshaping the ecosystem of the film industry, and that China’s film sector is embracing this transformation with an open, prudent and inclusive approach. He stated that the industry is actively exploring technologies such as AIGC-powered virtual production and intelligent filmmaking to reduce costs, improve efficiency, and expand the boundaries of creative expression. At the same time, China remains committed to a people-centered philosophy and the principle that technology should serve humanity. Emotional depth and human warmth, he emphasized, remain the soul of cinema, and AI should support creativity rather than replace it. He also highlighted the vitality and enormous potential of the Chinese film market, welcoming filmmakers from around the world to collaborate in China, share opportunities, and jointly explore new pathways for integrating technology and artistic expression.

 

 

Chief Representative of the International Federation of Film Producers Associations Benoît Ginisty emphasized that AI innovation and film creation should not be seen as opposing forces, and that copyright protection and technological development are equally important. He called for transparency and compliance in AI model training, with full respect for creators’ rights, while stressing that the essence of originality lies in human emotion and choice. Technology, he noted, should empower creativity rather than replace artistic creation. He also expressed hope that filmmakers worldwide would work together to ensure AI contributes to a healthy, fair, and sustainable film industry ecosystem.

 

 

Jia Yuan, founder of the Beijing Wing Sight Culture and Media Co., Ltd. and Chairman of the Committee of China Night, shared that since last year the company has transformed into a content-driven enterprise powered by AI technology. It has already released four self-produced historical documentaries and plans to launch more than ten AI-enabled productions this year. She stated that AI offers unique advantages in high-cost and technically demanding creative fields by reducing costs, improving efficiency, and breaking down creative barriers. At the same time, she emphasized that AI is merely a tool serving humanity, while content value remains the true core of the industry. Low-quality content, she noted, will inevitably be eliminated by the market. Chinese filmmakers, she said, should proactively embrace technological transformation and leverage AI to create high-quality productions that bring Chinese history and culture to global audiences through cinematic storytelling. Wing Sight aims to inject lasting vitality into film and television creation by combining technological innovation with strong content foundations.

 

 

Five Major AIGC Projects Unveiled as China Showcases AI Film Achievements Internationally for the First Time

 

 

The forum also featured the collective debut of several leading Chinese AIGC film and television projects, including China’s first AIGC animated film The Reunion Journey, China’s first AIGC documentary Legends of the South, and the first AIGC science-fiction film Sanxingdui. These projects highlighted China’s cutting-edge exploration in AI-generated content and virtual production technologies.

 

 

At the same time, The Yongchuan Tech Film Studio and the Bocai AI Virtual Film Base—both recognized as world-class benchmarks in AI-driven virtual production—were also presented. Demonstrating the intelligent upgrading of China’s film production infrastructure.

 

 

Embodied AI Enters Film Sets: Magic Lab Opens a New Chapter in Tech-Enabled Filmmaking

 

 

During the themed session on “Technology Empowering the Film Industry,” representatives from Magic Lab delivered a presentation exploring how embodied intelligence could become a new partner in the film industry. They outlined the potential for robots to support multiple production scenarios on film sets in the future.

 

 

Chinese and French Film Professionals Address Core Questions of the AI Era

 

 

Moderated by Liang Zhi, the roundtable discussion focused on the topic of “Creative Sovereignty in the Age of AI.” Participants included renowned director Li Shaohong, Li Lian from the Bocai AI Film Base, British film producer Sebastien Raybaud, French AI film expert Hadrien Gautrot, acclaimed director Jiang Ping, and French producer and AI filmmaker Jean Mach.

 

 

Director Li Shaohong noted that from film to digital technology and now AI, the tools have changed, but the essence of creation remains the same. AI, she said, liberates creators from physical labor, yet emotion, inspiration, and aesthetics still belong to humanity. The personal style of creators remains the soul of visual storytelling, and future production teams will place greater emphasis on “brain-oriented” creative roles such as screenwriters and directors. Citing the AI short film Hua Man Zhu as an example, she stressed the importance of localized AI training to help systems understand unique cultural aesthetics. “Technology determines the speed of progress, while love and civilization determine its direction,” she remarked, emphasizing that what truly moves audiences is always the humanity embedded within stories.

 

 

Director Jiang Ping encouraged filmmakers not to fear AI, but to actively embrace it and integrate it into the entire creative process. He argued that AI can never replace the life experience and authentic human insight rooted in real-world living, and that its output depends heavily on the quality of the material it is trained on. Regardless of how technology evolves, he said, the essence of storytelling, the original creative intention, and human emotion remain irreplaceable. Only by remaining grounded in life and staying true to artistic purpose can filmmakers truly harness AI to achieve a perfect integration of technology and art.

 

 

French AI film expert Hadrien Gautrot stated that AI possesses capabilities of combinational generation and probabilistic inference, and that its “machine creativity” derives from algorithms, training data, and the accumulated achievements of previous creators. However, he stressed that at the current stage, the true subject of artistic creation will always be human artists. To create genuinely innovative and high-quality works with the help of AI, creators must still rely on their unique aesthetic vision, artistic imagination, and value-driven expression.

 

 

Participants agreed that AI brings unprecedented opportunities and challenges to the film industry. Still, artistic purpose and humanistic care remain the heart of cinema, whatever the technology. Chinese filmmakers, they observed, are embracing technological transformation with openness and rationality while exploring new pathways for human-machine collaborative creation.

 

 

The “China Night” event and the “Chinese Cinema+” Forum successfully established an important platform for dialogue between Chinese cinema and the global film community. The event not only showcased China’s innovative achievements in AI applications and industrial upgrading within the film sector, but also conveyed the determination of Chinese filmmakers to uphold artistic integrity and promote the high-quality development of the industry. It provided both Chinese perspectives and practical models for the innovative development of the global film industry in the AI era, while further deepening international cooperation and creating opportunities for mutual success.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519757686/en/

 

Business Wire India

Key Takeaways:

• New offerings target modernization of large enterprises running mission-critical, high-transaction-volume legacy environments. As a Microsoft Azure specialized partner with five advanced specializations, including Infra & Database Migration, Grid Dynamics’ clients will receive free deployment support through the Azure Accelerate program.
• Built on the GAIN (Grid Dynamics AI-Native) Platform for SDLC, which has delivered 30%+ productivity gains in our benchmarks.
• Grid Dynamics extends its AI delivery model to Azure, drawing on extensive expertise in application migration for Fortune 1000 companies.
• In the first quarter of 2026, AI represented 29% of the company’s revenue. This was up from 25% in 2025 and was driven by deployments across industry verticals, including Technology, Financial Services, CPG, and Manufacturing.

Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics”), a premier AI transformation partner for the Fortune 1000, today announced an AI-native modernization service offering on Microsoft Azure, powered by its GAIN Platform for SDLC. The offering targets large enterprise clients running mission-critical, high-transaction-volume legacy environments. By tackling their biggest roadblocks—technical debt and legacy licensing costs—it addresses a market segment known for larger contracts and stronger margins.

 

Microsoft reported that Azure revenue surpassed $75 billion in 2025, up 34% year-over-year, reflecting strong and accelerating enterprise migration demand. Grid Dynamics, a Microsoft Azure specialized partner with five advanced specializations, including Infra and Database Migration, is built to capture this opportunity. Through the Azure Accelerate program, Grid Dynamics clients benefit from free Microsoft deployment assistance, Azure credits, partner funding, and funded migration assessments, removing the financial and technical barriers that typically slow large-scale modernization efforts.

 

 

At the core of the offering is the GAIN Platform for SDLC: Grid Dynamics’ proprietary combination of expert human talent, AI-enabled processes and tooling, built for the scale and complexity of Fortune 1000 enterprises. This platform has been internally benchmarked to accelerate project delivery by over 30% and enables outcome-based pricing aligned directly to performance. Applied to Azure legacy modernization, it compresses migration timelines and ties Grid Dynamics pricing to outcomes, which can lead to higher delivery margins.

 

 

Grid Dynamics extends its AI delivery model to Azure, drawing on extensive expertise in application migration for Fortune 1000 companies. The GAIN Platform for SDLC includes GenAI-powered data migration automation that converts legacy SQL, pipeline orchestration, and data schemas from platforms including Teradata, Informatica, and Oracle directly to Azure-native equivalents. This reduces the manual effort that typically drives multi-year timelines and cost overruns on enterprise modernization programs.

 

 

“The introduction of our GAIN Platform for SDLC on Microsoft Azure is a pivotal moment for enterprises looking to shed technical debt and achieve cloud-native agility. By leveraging our proven AI modernization frameworks with Azure’s infrastructure, we are enabling mission-critical systems to not just migrate, but to fundamentally transform and modernize, unlocking massive innovation potential while driving down legacy costs,” said Rahul Bindlish, SVP Global Partnerships and Marketing at Grid Dynamics.

 

 

Learn more about the partnership and how Grid Dynamics enables innovative digital solutions on Microsoft Azure.

 

 

About Grid Dynamics

 

 

Grid Dynamics (Nasdaq: GDYN) is a premier AI transformation partner for the Fortune 1000. We combine deep AI expertise with proven enterprise-scale delivery to help clients identify where to invest in AI, build systems that work at scale, and capture real business value from AI deployments. A key differentiator for Grid Dynamics is our nearly two decades of technology leadership and pioneering enterprise AI expertise. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the Americas, Europe, and India.

 

 

To learn more about Grid Dynamics, please visit https://www.griddynamics.com. Follow us on LinkedIn.

 

 

Forward-Looking Statements

 

 

This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results of Grid Dynamics to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include, without limitation, quotations and statements regarding the expected benefits of our capabilities and our company’s future growth including with customers and partners.

 

 

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Grid Dynamics’ control and are difficult to predict. Factors that may cause such differences include, but are not limited to our ability to achieve its expected benefits, as well as any factors limiting our capabilities, the benefits of our services and products, and our company’s growth strategy.

 

 

Grid Dynamics cautions that the foregoing list of factors is not exclusive. Grid Dynamics cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Grid Dynamics does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Further information about factors that could materially affect Grid Dynamics, including its results of operations and financial condition, is set forth under the “Risk Factors” section of Grid Dynamics’ annual report on Form 10-K filed March 5, 2026, and in other periodic filings Grid Dynamics makes with the SEC.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519610991/en/

 

Business Wire India

In a landmark move set to reshape solar inverter distribution across the Country, FIMER India Private Limited and Redington Solar – subsidiary of Redington Limited, have signed a formal Pan-India Distributorship Agreement for FIMER’s string inverter portfolio. The agreement positions Redington Solar as the new distribution partner for FIMER string inverters, leveraging Redington’s nationwide reach to bring FIMER’s cutting-edge technology closer to C&I customers, solar developers, EPCs, and rooftop installers all over the country.

 

Through this partnership, Redington and FIMER will drive the adoption of residential 3KW and 5KW inverter solutions under the PM Surya Ghar initiative, as well as the other commercial range of inverters from FIMER. The collaboration strengthens market reach while enabling EPC and installer partners with a single-point distribution support for product availability, competitive pricing, credit assistance, and seamless logistics.

 

The agreement was formally signed at RenewX Chennai on 27 April 2026, bringing together senior leadership from both organisations. The signing was concluded in the presence of Muthukumaran S, Senior Sales Manager, and Upasana Boruah, Senior Manager – Marketing & Corporate Communications, from FIMER, along with Nimit Parmar, Global Vendor Alliance Manager, ESG Division, and Dinesh Babu V, Head of Business, Redington Solar from Redington.

 

Upasana Boruah, Senior Manager – Marketing & Corporate Communications, FIMER, said: “Our partnership with Redington Solar is a decisive step in ensuring that FIMER string inverters are accessible to every solar developer, EPC, and installer across the country. We are proud to combine our product excellence with Redington’s extraordinary market reach to serve India’s energy transition at scale.”

 

“Redington Solar has always been committed to unlocking impact while keeping sustainability at the core of its vision. This partnership marks a significant step toward making clean solar energy technologies more accessible and accelerating solar adoption across the country. Aligned with India’s renewable energy ambitions, our collaboration with FIMER will strengthen the adoption of its innovative string inverters, driving greater residential and commercial rooftop solar installations. Backed by Redington’s strong market presence and robust distribution network, we are well positioned to scale solar solutions nationwide,” – said Dinesh Babu V, Head of Business, Redington Solar.

 

“At Redington Solar, sustainability is not just a business priority, but a long-term commitment toward enabling a cleaner energy future. Our partnership with FIMER reflects a shared vision of accelerating India’s transition to renewable energy by making advanced solar technologies more accessible across markets. By combining FIMER’s innovative inverter solutions with Redington’s extensive distribution ecosystem, we aim to support scalable, efficient, and sustainable solar adoption aligned with India’s growing clean energy ambitions,”- said Nimit Parmar, Global Vendor Alliance Manager, ESG Division, Redington.

 

This partnership reinforces FIMER’s strategic intent to deepen its footprint in India’s rapidly growing solar sector through robust channel development and localized market support. With Redington Solar’s pan-India infrastructure spanning thousands of channel partners, resellers, and service touchpoints, FIMER’s string inverters will be supported end-to-end, from pre-sales advisory to commissioning assistance and after-sales service. The agreement also reinforces FIMER’s commitment to Make-in-India aligned supply chains and the broader national goal of indigenous clean energy capacity building.

 

Business Wire India

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced that 3,995 new Indian companies joined the chamber during Q1 2026, underlining the deepening economic and business ties between India and Dubai amid a complex global business environment.

 

The total number of Indian companies registered as active members of Dubai Chamber of Commerce reached 84,088 by the end of March 2026, reinforcing India’s position as the largest foreign business community in Dubai. The continued growth reflects the increasing confidence of Indian businesses in Dubai as a trusted hub for business continuity, international expansion, and long-term growth.

 

H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “In an increasingly complex global economy, companies are placing greater value on markets that provide clarity, reliability, and the ability to keep enterprise moving. The continued growth of Indian businesses underlines the trust they place in Dubai as a platform for long-term success. The emirate provides the infrastructure, agility, and connectivity companies need to grow with confidence, even as global conditions continue to evolve.”

 

“The Dubai-India partnership is built on a history of strong cultural ties and shared ambition. Looking ahead, Dubai Chambers will continue working to strengthen this relationship, support Indian companies and investors, and ensure they remain fully equipped to expand through Dubai. For Indian businesses, Dubai’s value is not only that it opens doors to opportunity. It keeps those doors open when it matters most.”

 

Dr. Joy Alukkas, Chairman and Managing Director of Joyalukkas Group, stated: “For 39 years, the UAE has been the launchpad for our global ambitions. What I have come to deeply appreciate is the visionary leadership. Through every crisis and shift in the global landscape, the UAE government has stood shoulder to shoulder with the business community, offering continuity, security, clarity, and unwavering support. It is this partnership that has shaped my confidence and fuelled my hunger to grow. What we continue to witness on the ground is a nation moving forward with confidence, stability, and uninterrupted momentum. Families continue to live, thrive, and feel safe here, and the spirit of commerce remains undiminished. Peak occasions like Akshaya Tritiya saw jewellery businesses flourish – a testament to Dubai’s ability to absorb uncertainty and convert it into opportunity.

 

The foundation of this dynamic nation is stability, security, world-class infrastructure, forward-looking regulation, and leadership that consistently anticipates the future. Our faith in this country and in the road ahead remains as firm and unwavering as ever.”

 

Siddharth Balachandran, Chairman of Indian Business and Professional Council, said: “Dubai is a rare ‘constant’ in this ever changing, and often chaotic, world. This is the first cog in the symbolic economic wheel that macro-economic fundamental value investors like me look for. I have conviction in the forward-looking policies of Dubai, and the UAE, that is based on a bottom-up approach where the Government has its ear to the ground constantly. The process of ongoing dialogue is one of the major facets of the Dubai economic model that has resulted in a strengthening of my investment valuation by almost 15%. Dubai believes in holistic sustained success, and I believe in Dubai!”

 

Nilesh Ved, Chairman of AppCorp Holding and Owner of Apparel Group, commented: “For Indian businesses operating globally, stability and agility matter as much as opportunity and Dubai continues to lead on both fronts. The UAE leadership’s forward-looking vision, strong banking ecosystem, business-friendly policies, and continued support for the private sector have created a highly trusted environment for growth and expansion.”

 

Ved added: “Dubai today is far more than a regional hub; it is one of the world’s leading global cities, attracting investment, innovation, startups, and talent from across the world. The continued normal functioning of businesses, malls, and Emirates Airlines global operations during this period further demonstrates the resilience, efficiency, and confidence that define Dubai’s operating environment. For Indian companies, it offers the connectivity, stability, and momentum needed to scale regionally and globally.”

 

Dubai’s business environment is supported by clear regulation, advanced infrastructure, transparent communication, and strong logistics capabilities that help businesses stay focused on growth. The AED 1 billion package of economic incentives announced by the Government of Dubai in March further helped ease financial pressures and enhance liquidity.

 

In parallel, Dubai’s logistics ecosystem has also supported the continued movement of goods through strong air cargo capabilities, alternative routes via Khorfakkan and Fujairah, and a temporary green corridor between Dubai and Oman. Additionally, Dubai International Chamber continues to support Indian companies through its offices in Mumbai and Bengaluru, helping them establish and grow in Dubai.

 

Business Wire India

Blenders Pride Packaged Drinking Water unveils ‘Blenders Pride Reserved Experiences’, a new cultural platform designed to reimagine how flavour is experienced – across the senses.

 

At a time when consumers are gravitating towards more meaningful and elevated experiences – ones that reflect their own evolving tastes and choices, ‘Blenders Pride Reserved Experiences’ responds to this shift by transforming flavour into something more expressive.

 

Rooted in the idea of ‘Reserved in Every Sense’, the platform presents flavour as a multi-dimensional journey – one that can be seen, heard, felt and experienced, not just tasted.

 

Curated with Chef Kunal Kapur, the experience brought this vision to life through an intimate, exclusive showcase. At the heart of the evening was a live gastro-performance, where flavour was orchestrated alongside music in real time, blending texture, aroma, and rhythm into a seamless sensory expression.

 

What set the experience apart was its interpretation of flavour beyond the palate — through a series of immersive spaces, each interpreting flavour through a distinct lens, from dynamic visual environments and aroma-led installations to tactile explorations and a curated tasting experience.

 

Envisioned as an evolving cultural platform, Blenders Pride Reserved Experiences will ow unfold in Jaipur and Kolkata, alongside 10+ activations in key markets — designed to build a deeper engagement and introduce consumers to a more immersive way of experiencing flavour.

 

Speaking on the experience, Chef Kunal Kapur said, “Flavour, in its truest form, is layered and evolving. With Reserved Experiences, we’ve interpreted flavour beyond the plate — bringing it to life through different forms, so people can engage with it in a far more immersive and unexpected way.”

 

Debasree Dasgupta, CMO, Pernod Ricard India, added, “Consumers today are seeking more intentional and elevated experiences, ones that go beyond functional and feel truly distinctive. With Blenders Pride Reserved Experiences, we are building a cultural platform that responds to this shift, translating the depth and complexity of flavour into immersive, multi-sensory expressions. It’s a natural extension of how our audiences want to engage today, where discovery is richer, engaging, and reserved in every sense.”

 

With Blenders Pride Reserved Experiences, the brand continues to build a distinctive cultural narrative, one that elevates flavour into a refined, multi-sensory exploration designed for a new generation of discerning consumers.