Extended Reality

The XR Creator Hackathon, recently hosted by Wavelaps and Bharat XR, highlighted the future of Extended Reality (XR) innovation.

About Extended Reality (XR)
XR is an umbrella term that covers immersive technologies such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR).

Key XR Technologies:

• Virtual Reality (VR): VR immerses users in a fully simulated environment, typically using a headset that transports them to a virtual world.
• Augmented Reality (AR): AR enhances the real world by overlaying digital content, augmenting the user's perception without replacing the physical world.
• Mixed Reality (MR): MR seamlessly integrates the real world with digital elements, enabling users to interact with both the physical and digital worlds simultaneously.

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ESG (Environmental, Social, and Governance) Framework
The Securities and Exchange Board of India (SEBI) has proposed new measures to strengthen the regulatory framework for ESG Rating Providers (ERPs).

About the ESG Framework
The ESG framework sets standards for how a company operates concerning its environmental impact and its relationships with people. It includes three key dimensions:

• Environmental: Evaluates how a company manages its environmental impact and resources.
• Social: Focuses on how a company handles relationships with employees, suppliers, customers, and the communities in which it operates.
• Governance: Defines the rules, best practices, and processes that guide an organization’s management and control systems.

Significance: ESG criteria are used to assess investments, encouraging companies to adopt responsible and sustainable practices.

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