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Videotex, an original design manufacturer of televisions and display products, has been certified to build and supply Google TV-powered smart televisions, which would significantly expand its business to Rs 800 crore over the next 2-3 years, its Director Arjun Bajaj said. The company, which has an installed capacity to produce 2.2 million TV units annually, also plans to enter into large appliances, with the first category expected to enter mass production by the end of this year, he said without disclosing the category. On receiving Google TV original design manufacturer (ODM) certification, Bajaj termed it a "very big deal", saying the approval would enable local and regional television brands to source Google TV-powered smart televisions from an Indian manufacturing partner instead of relying on Chinese suppliers. "It will reduce brands' dependence on sourcing from China or working with Chinese ODMs, while strengthening India as a sourcing and manufacturing base for televisions,"
A Maryland state tax court has struck down the state's first-in-the-nation tax on digital advertising and ordered state officials to repay the tax money already collected from big tech firms. The Maryland Tax Court said the tax violates the federal Internet Tax Freedom Act as well as the First Amendment and the commerce and due process clauses of the US Constitution. The legal fight has been watched by other states that are considering taxes for online advertisements. Maryland estimated the tax, approved in 2021, could raise about USD 250 million a year to help pay for a sweeping K-12 education measure. In Friday's decision, the tax court ordered the state to repay the tax money already collected by Apple, Google and Peacock TV. The law taxed revenue that large companies make on digital advertisements shown in Maryland. Companies making more than USD 100 million in global annual gross revenues were taxed at a 2.5 per cent rate. The rate increased for companies with larger revenues,