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- Microsoft has purchased another 16.4-acre plot in Pune's tech hub Hinjewadi for INR 453 Cr, adding to its recent spree of land acquisitions in the city.
- The deal, registered on September 5, included a stamp duty of INR 27.18 Cr and a registration fee of INR 30,000.
- In the past month, Microsoft has acquired over 30 acres in Pune, investing a total of INR 973 Cr.
- This follows a similar purchase of a 13.6-acre plot for nearly INR 520 Cr, including a stamp duty of INR 31.18 Cr.
- The tech giant is aggressively investing in India's real estate to set up data centers and development hubs, with plans for a hyperscale cloud capacity data center in Pune and a large data center in Hyderabad.
Source: [Inc42]()
Our slaves are ready to serve Israel, Russia etc etc. and the people in India are terming it as "Employment"
- I was terrified every moment, with drones dropping bombs and bullets flying around, but I learned some Russian from the soldiers.
- We were dismissed from service on September 6 and provided an Army bus to Moscow, where the Indian Embassy arranged tickets to New Delhi.
- After nine months away, I can finally breathe easy, though the fear of dying was constant at the frontlines.
- An employment agent misled us into thinking we were applying for a security job, but we ended up in military training and on the frontlines.
- We protested daily, refusing to fight, and were punished by being made to sleep in freezing trenches without food.
Source: [Indian Express]()
- Futwork has raised Rs 20.9 crore ($2.5 million) in a Series A round led by the Michael & Susan Dell Foundation.
- The funding round also saw participation from Artha Ventures, Simile Capital, and other investors.
- The company plans to use the funds to meet growth objectives, working capital needs, and strengthen its financial position.
- Post-funding, the Michael & Susan Dell Foundation will hold 19.92% of Futwork, with Simile Capital and Artha Ventures holding 10.08% and 5.64%, respectively.
- Founded in 2020, Futwork helps businesses build outbound calling teams and reported a revenue drop to Rs 3.79 crore for FY23.
Source: [Entrackr]()
- Several TCS employees have received tax demand notices over TDS discrepancies.
- TCS advises employees to wait for further instructions before paying.
- Notices demand amounts ranging from Rs 50,000 to Rs 1.5 lakh.
- TCS believes the tax authorities may have made a processing error.
- Employees are advised to consult tax advisers or contact TCS for guidance.
Source: [Moneycontrol]()
A nightmare unfolded after I asked Indian Overseas Congress chief Sam Pitroda a question linked to Rahul Gandhi’s US visit.
https://www.indiatoday.in/opinion/story/how-i-was-assaulted-by-rahul-gandhi-team-in-dallas-texas-2599165-2024-09-13
- Nandan Nilekani, co-founder of Infosys, announced a new architecture for electricity transactions focused on renewable energy sources.
- Speaking at a Bengaluru event, Nilekani emphasized a shift from traditional power distribution to a decentralized model involving household batteries and rooftop solar panels.
- He envisions homes buying power during the day when it's cheaper and selling it at night when prices are higher.
- Nilekani is also supporting the open-source Beckn protocol, which aids in developing decentralized digital networks.
- Additionally, he highlighted the potential of AI to address India's linguistic diversity, mentioning the AI startup Sarvam AI's advancements.
Source: [Moneycontrol]()
- BioBay, a science park in Suzhou, is nearly deserted with many biotech start-ups having moved out or closed down.
- The venture capital industry in China has seen a dramatic decline, with start-ups founded dropping from 51,302 in 2018 to 1,202 in 2023.
- Political decisions by President Xi Jinping, including a crackdown on tech companies and anti-corruption measures, have stifled private business.
- VC firms are now focusing on lower-risk investments and demanding personal liability from founders, leading to fewer high-risk ventures.
- Many venture capitalists are looking overseas for opportunities as the domestic market continues to shrink.
Source: [Financial Times]()
