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Waves audio launches Nx Head Tracker via Kickstarter Campaign
MUMBAI: Earlier this year, Waves Audio announced Nx, a groundbreaking software technology that applies panoramic audio imaging to stereo headphones, opening the door to applications in virtual reality, augmented reality, 3D mixing and much more. Waves Nx lets users hear the same natural depth, natural reflections, and panoramic imaging heard from speakers in a physical room, but on headphones. With Waves Nx, music, movies and games are heard in a revolutionary way as they take on a new dimension of immersive 3D reality – and it all happens inside the headphones you already own. Waves has decided to put significant R&D emphasis on Nx to further develop the technology. Now Waves is reaching out to the audio community to get involved via a Kickstarter campaign beginning June 22. Kickstarter is a way for audio enthusiasts to grab an early stake in this revolutionary set of tools.
Waves is the recipient of a Technical GRAMMY® Award and the world-leading developer of audio DSP technologies. For over two decades, Waves has pioneered the development of psychoacoustic signal processing algorithms that leverage cutting-edge knowledge of human hearing and perception in order to radically improve perceived sound quality.
The perception of spatial sound is a complex phenomenon. It combines the interactions between acoustic sound waves and a room or space, the interaction between the sound waves and the physical movement of our head and ears, the reaction of our middle and inner ear and the audio nerve, and finally our brain’s cognition and interpretation of the acoustic landscape.
The perception of sound over headphones is a completely different experience. Waves Nx bridges the gap by recreating, on headphones, the same auditory cues that reach our ears in the real world. One of the ways it does this is by tracking the user’s head position and positioning the sound in the user’s headphones to match the way the user would hear it in the real world. Waves Nx tracks the actual movements of the user’s head, rendering the slightest nuances that create a real, dynamic and variable sensory experience – appropriately positioning the audio in the left and right headphones to simulate movement through a three-dimensional audio space.
Recently, Waves successfully launched the first product in the Nx family – the Nx Virtual Mix Room plugin, a “virtual monitoring” tool that recreates on headphones the ideal acoustics of a high-end mix room, allowing audio professionals to make better mixing and recording decisions on headphones. Since its release, the Nx Virtual Mix Room plugin has won unanimous acclaim. The next Nx tool coming to market (expected release in September) is the Nx Head Tracker, a small Bluetooth device that latches on to any pair of headphones, tracks the user’s head movements, and communicates with the Nx software. The Nx Head Tracker can be used together with the Nx Virtual Mix Room plugin, or with the soon-to-be-released Waves Nx application, which will allow all consumers to experience 3D audio on their computers and mobile devices. With the help of the audio community via the Kickstarter campaign, Waves will expand its development of Nx, with the goal of heightening the senses and changing the way we all hear the world.
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Jio Financial Services posts Rs 1,560 crore FY26 profit
Revenue rises to Rs 3,513 crore as investments and lending scale up.
MUMBAI: If money makes the world go round, Jio Financial Services Limited is quietly spinning a much bigger wheel. The Reliance-backed financial arm reported a consolidated net profit of Rs 1,560.9 crore for FY26, slightly lower than Rs 1,612.6 crore in FY25, even as revenue growth gathered pace.
Total revenue from operations rose sharply to Rs 3,513.3 crore in FY26 from Rs 2,042.9 crore a year earlier, driven largely by a surge in interest income, which more than doubled to Rs 1,901.9 crore from Rs 852.5 crore. Fee and commission income also saw a significant jump to Rs 597 crore, compared to Rs 155.2 crore in FY25, reflecting expanding financial services activity.
For the March quarter, profit stood at Rs 272.2 crore, broadly flat compared to Rs 269 crore in the same period last year. Quarterly revenue from operations climbed to Rs 1,018.5 crore, up from Rs 493.2 crore year-on-year, signalling steady momentum in core income streams.
Expenses, however, moved in tandem with growth. Total costs nearly quadrupled to Rs 1,982.9 crore in FY26 from Rs 524.8 crore in FY25, with finance costs alone rising to Rs 745.1 crore from just Rs 7.7 crore a year earlier, reflecting increased borrowing and scale of operations. Employee expenses also grew to Rs 387.3 crore, while other expenses expanded to Rs 755 crore.
Profit before tax stood at Rs 1,911.7 crore for the year, slightly below Rs 1,946.9 crore in FY25. After accounting for a total tax outgo of Rs 350.8 crore, the company reported its final net profit figure.
Beyond the income statement, the balance sheet tells a story of rapid expansion. Total assets surged to Rs 1,63,497 crore as of March 31, 2026, up from Rs 1,33,510 crore a year earlier. Investments alone stood at Rs 1,33,088.7 crore, underscoring the company’s strong focus on treasury and financial asset growth.
However, the year also saw sharp volatility in other comprehensive income, which swung to a loss of Rs 16,028.3 crore, largely driven by fair value changes in equity instruments. This dragged total comprehensive income for FY26 to a negative Rs 15,756.1 crore, compared to a positive Rs 14,870 crore in FY25.
On the capital front, the company’s paid-up equity share capital remained steady at Rs 6,353.1 crore, with other equity rising to Rs 1,27,500.5 crore.
The numbers reflect a business in transition scaling rapidly across lending, investments and fee-based services, but also navigating the volatility that comes with mark-to-market movements in financial assets. In other words, while the top line is accelerating, the fine print still carries a few swings.
