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News on Medial
Stamp pads to servers, big shift for realty
Economic Times
·
1m ago
Medial
India's real estate sector is set for transformation with the introduction of the Registration Bill, 2025. Proposed by the Department of Land Resources, the bill aims to digitise property registration, enhancing transparency, reducing fraud, and improving transaction efficiency. The move will modernize the paper-based system under the Registration Act of 1908, allowing online registration, reducing disputes, and providing a secure, transparent system for buyers, sellers, and investors.
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So far, AI hasn’t been profitable for Big Tech
Arstechnica
·
1y ago
Medial
Big Tech companies like Microsoft and Google are struggling to make AI products profitable due to the high cost of running advanced AI models. Large language models (LLMs) used for text generation require expensive servers and energy-consuming chips, resulting in significant operational losses. The nature of AI computations, which requires new calculations for each query, makes flat-fee models risky. Some companies are trying to reduce costs, while others are investing more deeply in the technology. Experts anticipate a shift towards profitability-focused approaches in the AI industry.
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Paytm Slapped With 47.12 Lakh Fine For Not Paying Stamp Duties
Inc42
·
11m ago
Medial
The fintech major has been fined INR 1.43 crore for non-payment of stamp duty on the allotment of equity shares. The company claimed to have submitted applications for payment of stamp duty but was still penalized. This follows previous fines that the company received for similar reasons.
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Paytm parent fined Rs 47.12 lakh for unpaid stamp duty on equity shares
YourStory
·
11m ago
Medial
Paytm's parent company, One97 Communications, has been ordered to pay a penalty of INR 47.12 lakh for not paying stamp duty on the allotment of equity shares in previous years. The penalty relates to non-payment of stamp duty worth INR 1,43,16,535. Paytm stated that while there were delays in submitting some applications for payment of stamp duty, they have taken steps to avoid such instances in the future. In March, Paytm Payments Bank was also fined INR 5.49 crore for violating the Prevention of Money Laundering Act.
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Dell Hits Delete: Employee Layoffs Continue In 2025
StartupTalky
·
1d ago
Medial
Dell is undergoing layoffs in 2025, targeting its New Logo team and sales workforce, potentially due to its shift towards AI servers and focusing on high-value customers. The New Logo team, tasked with acquiring clients who haven't engaged in three years, faces elimination. Although Dell hasn't confirmed the number laid off, reports suggest about 150 may be affected. The company's strategic shift, possibly advised by Bain & Company, reflects a transition in its business model.
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Zoho's big hardware bet: To manufacture servers, medical equipment, AR devices
Money Control
·
2y ago
Medial
Zoho, an Indian software company, is making a significant hardware investment by manufacturing servers, medical equipment, and augmented reality (AR) devices. The company aims to reduce dependence on imports and enhance its product offerings. Zoho's move into hardware manufacturing represents a strategic shift, expanding its presence in diverse industries and positioning itself as a player in the hardware market.
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OpenAI signs surprise deal with Google Cloud despite fierce AI rivalry
Arstechnica
·
1m ago
Medial
OpenAI has partnered with Google Cloud to enhance its AI computing capabilities, marking a shift from its exclusive reliance on Microsoft Azure. This decision comes amid increasing demands for AI data center servers which Microsoft couldn't supply fast enough. The deal highlights how fierce competitors can collaborate when beneficial. For Google, the partnership expands its cloud business leveraging its tensor processing units (TPUs), positioning it against major players like Amazon and Microsoft in the AI cloud market.
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Oberoi Realty Board approves plan to raise ₹6,000 crore | Mint
Livemint
·
10m ago
Medial
- Oberoi Realty's board approves a proposal to raise up to ₹6,000 crore through various means. - The company aims to use the funds for strategic expansion and growth opportunities. - Oberoi Realty sold properties worth ₹1,067 crore in the previous fiscal year. - The company received approval to acquire Nirmal Lifestyle Realty by paying ₹273 crore to its creditors. - In Q1 of FY25, Oberoi Realty reported a 54.42% increase in revenue and an 81.73% increase in profit year-on-year. - Selling, general, and administrative expenses decreased by 6.16% quarter-on-quarter but increased by 10.05% on a year-on-year basis.
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Raymond Realty to launch Rs 14,000 cr worth housing projects in FY26, fixes July 1 for listing on bourses
Economic Times
·
1m ago
Medial
Raymond Realty plans to launch six residential projects in the Mumbai Metropolitan Region this fiscal year, with revenue potential estimated at Rs 14,000 crore. The company will list on stock exchanges on July 1, following a demerger from Raymond Ltd. This move allows Raymond Realty to focus solely on real estate. The company's projects will range from Rs 2 crore to Rs 20 crore, targeting quality and timely completion. Raymond Realty also aims to explore joint development agreements in Mumbai and Pune.
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Alpha Wave bets $145 mn on Oberoi Realty group firm
VCCircle
·
4m ago
Medial
Alpha Wave Global is investing $145 million in a joint venture with Oberoi Realty and its chairman, acquiring a 21.74% stake in I-Ven Realty Ltd. This joint venture focuses on real estate projects. Additionally, I-Ven will raise about $20 million from existing shareholders. The funds will primarily repay loans from Oberoi Realty and reduce current promoters’ stakes. Initially formed in 2003, the venture plans to develop a luxury mall and other facilities on a Mumbai land parcel.
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Mysuru’s Kaynes to make 3,000 RUDRA servers for govt’s CDAC
Economic Times
·
1y ago
Medial
Kaynes Technology, an integrated electronics manufacturer in Mysuru, has been awarded a contract by the Centre for Development of Advanced Computing (CDAC) to manufacture 3,000 RUDRA high-performance computing (HPC) servers. These servers will be part of the National Supercomputing Mission (NSM) and will be used in sectors like data centres, banking, healthcare, and manufacturing. Traditionally, servers in India have been imported, but this contract signifies a move towards indigenous manufacturing. Kaynes Technology plans to start manufacturing the servers in the next 20 weeks.
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