Nvidia chip challenger FuriosaAI scores first major customer LG
FuriosaAI, a Seoul-based startup, will supply its AI chip RNGD to LG AI Research. This follows a rejection of an $800 million acquisition bid from Meta. LG will use the chip for its Exaone large-language models. FuriosaAI aims to challenge Nvidia and other AI chip companies.
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Time of India
19 minutes ago
- Time of India
Techie can't leave the office on time, despite finishing his tasks: 'No one wants to be seen leaving early when ...'
A Reddit user highlighted a troubling trend in an IT firm in Mohali, where employees feel pressured to stay late, even after completing their work, simply because the manager remains online. This 'optics over output' culture forces staff to feign productivity to avoid being seen as leaving early. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Imagine having to lurk at the office after wrapping up your work, just because the boss has not logged off. A Reddit user recently lamented how his friend, who works at a Mohali-based IT firm, had no work-life balance , as his manager remains online till 8:00 pm, and no one wants to be seen 'leaving early' when the boss is still on post, which was shared on the subreddit Indian Workplace, highlighted how, despite completing their tasks well before the end of the day—typically by 6:30 PM—the employees at this mid-sized firm feel compelled to remain at their desks until their manager logs off, which usually happens after 8:00 PM. The strange irony? There's no pressing work that demands their time. Yet the office remains filled with people pretending to be engaged—scrolling social media, randomly typing, or simply looking occupied—just to avoid the stigma of leaving 'early.'The root of the problem lies in the manager's presence, the user explained. Team members feel a constant pressure to appear diligent and visible in front of their superior, even if their targets for the day has been met. This culture of 'optics over output' reflects a persistent mindset that long hours symbolize commitment, irrespective of actual efficiency or friend in question is reportedly frustrated by this routine, feeling emotionally and mentally drained by the need to linger solely for appearances. He believes he's not alone—and wonders if such a practice is the norm across Indian workplaces or a remnant of an outdated work culture where hours logged take precedence over meaningful post struck a chord with many fellow Redditors who shared similar experiences. One respondent argued that this kind of environment is self-sabotaging and that someone has to take the first step to challenge it. They speculated that even the manager might be waiting for someone else to break the weren't as optimistic. Some shared that in their experience, leaving the office early—even after completing assigned work—often resulted in being burdened with additional tasks, sometimes even handling work that wasn't originally theirs. Many claimed it's less stressful to feign productivity than to risk extra assignments without corresponding rewards such as bonuses, salary increments, or overtime user recalled a situation where their CEO criticized them for clocking out at 7:30 PM, even though the official work hours ended at 7. They were told that as a team leader, leaving before their subordinates set a 'bad example.'The post sheds light on a concerning cultural trend where the value of work is measured not by efficiency but by staying visible—often at the cost of personal well-being.
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Business Standard
19 minutes ago
- Business Standard
Dixon gets govt nod for JV with China's Longcheer, to form Dixtel Infocomm
Dixon Technologies has secured approval from the Indian government to set up a joint venture with Chinese electronics firm Longcheer. The partnership will be established through Longcheer's Singapore-based subsidiary, the company said in a regulatory filing. The Ministry of Electronics and Information Technology (MeitY) has cleared the proposal to create the new entity, where Dixon will hold a 74 per cent stake and Longcheer will hold the remaining 26 per cent. 'Dixon has received approval from MEITY to form a prospective joint venture (JV) in India with Longcheer, through an optimum structure to be mutually agreed between Dixon and Longcheer such that... 74 per cent of the total paid up share capital of the joint venture company is held by Dixon and 26 per cent... is held by Longcheer,' the filing said. Dixtel Infocomm to produce tablets, smartwatches The new company will focus on manufacturing and supplying a wide range of electronics, including smartphones, tablets, true wireless stereo (TWS) devices, smartwatches, AI-powered PCs, automotive electronics, and healthcare devices. 'Upon consummation of the transaction, Dixtel, the proposed joint venture company, shall carry on the business of manufacture and supply of smartphones, tablets, true wireless stereo, smart watch, AI PC, automotive electronics, healthcare devices, etc,' the filing said. Longcheer is already a major supplier for brands such as Vivo, Xiaomi, Oppo, and Samsung, and is also involved in product design. Dixon expects the partnership to improve its Original Design Manufacturer (ODM) capabilities and boost local manufacturing of components in India. 'This collaboration shall introduce several key advancements, particularly in Original Design Manufacturer [ODM] expertise and will facilitate the localisation of the non-semiconductor sub-component manufacturing in India,' the filing said. The move aligns with Dixon's larger plan to partner with Chinese electronics firms. It has already signed deals with Yuhai Precision and Kunshan Q Technology, and is planning another joint venture with Vivo. Dixon set to acquire majority stake in Q Tech India Dixon announced last week that it will acquire a 51 per cent stake in Q Tech India, the local unit of Q Technology (Group) Company Limited. The acquisition, subject to regulatory approvals, aims to boost the manufacturing and distribution of camera modules and fingerprint sensors used in mobile phones, IoT devices, and automotive applications. Dixon said it will complete the transaction through both primary and secondary investments. The deal is expected to enhance Dixon's technical capabilities, manufacturing strength, and access to skilled professionals. It will also help the company expand its presence in new global markets and strengthen India's local electronics component ecosystem.
Time of India
19 minutes ago
- Time of India
Elan Group repays ₹875 crore debt to PAG's Asia Pragati Fund, strengthens financial position
Elan Group, a Gurgaon-based developer, has repaid Rs 875 crore debt to Asia Pragati Strategic Investment Fund, enhancing its financial flexibility. This strategic move will reduce interest liabilities and create opportunities for reinvestment in future projects and land acquisitions. Recently, the company also raised Rs 250 crore from Piramal Finance for a commercial project. Tired of too many ads? Remove Ads Gurgaon-based developer Elan Group , which has recently raised Rs250 crore from Piramal Finance for the construction of a commercial project in the city, has repaid Rs 875 crore debt availed from Asia Pragati Strategic Investment Fund , part of PAG — one of the largest private investment firms in Asia Asia Pragati invested Rs 875 crores in Elan Group in the year 2022, with the funds used towards growth capital.'In an industry where prudent capital management is key to long-term leadership, this development reinforces Elan Group's position as a future-ready developer with the financial resilience to scale, deliver and lead with conviction,' said Sandeep Agarwal, Executive Director–Finance & Group CFO, Elan strategic deleveraging is expected to reduce interest liabilities, strengthen liquidity and create headroom for reinvestment into future projects and land acquisitions. The enhanced financial flexibility will allow the Group to accelerate construction schedules and deepen its presence in high-opportunity Group holds a portfolio of 15 projects spread across Gurugram and New Delhi, offering a built-up area of approximately 25 million sq. ft. This includes ultra-luxury residential projects such as Elan The Emperor and Elan The Presidential alongside integrated commercial and retail destinations like Elan The Mark, Elan Imperial, Elan Empire, Elan Paradise, Elan Epic, Elan Town Centre, Elan Miracle and Elan company had also raised Rs 1,200 crore funding from Kotak Real Estate Fund last year.
