Welcome to our latest business news roundup! In this post, we cover Apple’s achievement in becoming the largest creator of blue-collar jobs in the electronics sector. We also highlight Softbank’s plan to sell shares in Delhivery, an Indian logistics giant. In addition, we bring you news of edtech startup DUX Education shutting down due to lack of funding. We also discuss the slowdown in India’s GDP growth and the debut of Bluesky, a blockchain-based Twitter alternative, on Apple’s App Store. Stay informed with the latest updates from the world of business.
1. Apple Emerges as the Leading Creator of Blue Collar Jobs in the Electronics Sector
The electronics industry has been a major source of job creation globally. In the last 19 months, Apple has created over 100,000 new blue-collar jobs, making it the single largest employer in this sector. These new jobs have been created across the company’s manufacturing facilities, including its Foxconn and Pegatron plants in China, and are primarily in production, assembly, and testing roles.
Apple’s focus on creating more jobs is in line with the company’s commitment to supporting local economies, improving labor practices, and reducing its environmental impact. The company has been working to reduce its carbon footprint, increase the use of renewable energy, and improve the working conditions of its employees.
2. Softbank Group Plans to Sell Shares in Delhivery
Softbank Group, a Japanese conglomerate, is reportedly planning to sell shares worth Rs 600 crore in Delhivery, a leading logistics company based in India. The sale is expected to be carried out through block deals, which involve the sale of a large number of shares to institutional investors.
The move is seen as a strategic decision by Softbank, which is looking to monetize its investment in Delhivery, a company that has grown rapidly in recent years. Delhivery is one of the leading players in India’s e-commerce logistics sector, and has attracted significant investment from global investors, including Softbank.
3. Edtech Startup DUX Education to Shut Down Operations
DUX Education, an edtech startup, has announced that it will be shutting down its operations in April 2023. The company, which offers online learning solutions, has cited the lack of funding opportunities in the current startup ecosystem as the reason for its closure.
Despite the growing demand for online learning solutions, many startups in the edtech space have struggled to raise funds in recent years. This funding winter has been attributed to a combination of factors, including a slowdown in venture capital investments and increased competition in the sector.
4. India’s GDP Growth Slows Down in Q3 2022-23
India’s gross domestic product (GDP) growth has slowed down to 4.4% in the third quarter of the financial year 2022-23, according to data released by the National Statistical Office (NSO). The poor performance of the manufacturing sector has been identified as a key reason for the slowdown.
This marks a significant decline from the 8.4% growth recorded in the previous quarter, and is a cause for concern for the Indian economy. The slowdown in manufacturing has been attributed to a range of factors, including supply chain disruptions, rising raw material costs, and a decline in demand.
5. Bluesky, the Twitter Alternative, Debuts on Apple’s App Store
Bluesky, a Twitter alternative founded by Jack Dorsey, has made its debut on the Apple App Store. The app is currently in its testing phase and is available on an invite-only basis.
Bluesky is being developed as a decentralized social network, which means that users will have greater control over their data and the content they share. The platform is being built using blockchain technology, which provides a high level of security and transparency. Bluesky aims to provide an alternative to centralized social media platforms, which have been criticized for their handling of user data and content moderation.
