'Apple sacks 100 contract workers, slows down hiring, & more'- Business Today Newsletter

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TECHNOLOGY   Apple sacks 100 contract workers, slows down hiring   By laying off its employees, Apple joins a series of top tech companies who have either laid off employees or have frozen hiring as a cost-cutting measure.

SCANDAL   NSE phone tapping case: Delhi HC issues notice to ED on ex-Mumbai top cop Sanjay Pandey bail plea   Sanjay Pandey was arrested by the ED under money laundering charges in the case and is presently in judicial custody.

MARKETS   Rakesh Jhunjhunwala’s last investment pick? Singer India rallies 20%   Rakesh Jhunjhunwala pick: Shares of Singer India have gained 4.6 per cent in the last one year till August 12, 2022, while the benchmark BSE Sensex has advanced 8.4 per cent.

SUSTAINABILITY   Lucrative climate tech investments are not very popular in India. Here’s why   A maturing asset class, climate tech offers strong financial returns to investors and an opportunity to create outsized environmental and social impact. Yet, the sector is far from becoming a priority for Indian VCs.

HEALTHCARE   The uncertain future of Covid-19 paraphernalia makers   Once in short supply during the peak of the pandemic, vital paraphernalia used in the prevention and treatment of Covid-19 remain unsold or unused, putting manufacturers in a spot.

CORPORATE   SBI initiates insolvency proceedings against Bajaj Hindusthan Sugar   Earlier, a news report had stated that SBI had approached the NCLT against Bajaj Sugar over non-payment of dues, but the petition is yet to be admitted.

INDUSTRY   NTPC to raise Rs 5,000 crore term loan   The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.

NEWS REEL   India commands highest share of women pilots in the world | Captain Zoya Exclusive   India takes pride as 12.4% of all the female pilots worldwide are from the country. According to the data by the International Society of Women Airline Pilots (ISA), this is nearly double the world average. On this Independence Day, Business Today TV understands how India commands the top share in having the most number of female pilots in the world in an exclusive conversation with Captain Zoya Aggarwal.

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