Sacked teacher of Unacademy says his remark misinterpreted, alleges firm acted under social media pressure

​In a video on his YouTube channel, fired teacher Karan Sangwan said he made the generic remark on his YouTube channel and not during his lecture at Unacademy.

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Number of registered startups in Tamil Nadu tripled in two years, says CM Stalin

As of March 2021, there were 2,300 registered Startups in the state. Due to the consistent efforts taken after coming to power, their number almost tripled over two years, rising to 6,800, the chief minister said.

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Apple, Google and others want US government to go against India's laptop, PC import curbs

US-based trade bodies, including Apple, Google, Lenovo, Dell and HP among others, have urged the US to push India to retract its IT import restrictions, and to hold a formal consultation with industry stakeholders. The Indian government has placed laptops, tablets and other electronics under the restricted category, meaning companies will need additional licences to bring IT products into the country. Such licensing measures were announced with no prior consultation, said the trade bodies.

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Arm's full-year revenue fell 1% ahead of IPO

Arm's sales fell to $2.68 billion in the 12 months ended March 31, hurt by a slump in global smartphone shipments, the source said, requesting anonymity. Sales for the quarter ended June 30 fell 2.5% to $675 million.

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From fintechs to NBFCs – A bridge too far, and other top tech & startup stories this week

NBFCs are shadow banks which can offer loans to customers, and in most cases do not take any deposits from them. They raise money from banks and other financial institutions and lend to their customers, thereby making money out of the interest margin.

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For many fintechs, NBFC tag may be elusive

An NBFC licence would allow fintechs to offer loans from their own books, thereby build an asset base. Without this licence, they remain confined as marketplaces to source loans for banks and other NBFCs.

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Elon Musk removes blocking option on X except for DMs

Taking to Twitter, Musk updated fans with the new option and tweeted, "Block is going to be deleted as a 'feature', except for DMs,". "Makes no sense," he added.

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