Good Morning Folks!!! Starring Michael Keaton as titular business mogul Ray Kroc, the 2016 film "The Founder" portrays the origin story of what golden-arches fast-food chain? Stay tuned till the end of the newsletter to find out!

ELECTRONICS
Tata's Rs 27,000 Crore Semiconductor Hub

One Liner: A new semiconductor plant in Assam, backed by Tata and set to create 27,000 jobs by 2025, promises to boost local employment and industry growth.

Tata Sons Chairman N Chandrasekaran has announced a Rs 27,000 crore semiconductor hub in Assam, creating 27,000 jobs by 2025. With best wishes from Ratan Tata, this plant will provide 15,000 direct jobs and 12,000 indirect jobs, boosting local employment and skill development. The facility will focus on Wire Bond, Flip Chip, and Integrated Systems Packaging (ISP), aligning with national and state semiconductor policies. Assam Chief Minister Himanta Biswa Sarma celebrated the project as a major step in regional industrial growth. Operations are set to begin in 2025.

TECHNOLOGY
Zomato's Platform Fee Boosts Revenue by ₹83 Crore

One Liner: Zomato's new platform fee has driven a 27% increase in Adjusted Revenue, generating ₹83 crore and enhancing profitability.

Zomato's platform fee, introduced in August 2023, has generated ₹83 crore by March 2024, significantly boosting its Adjusted Revenue, which surged 27% to ₹7,792 crore for FY24. The fee, which started at ₹2 per order and has risen to ₹6 in key markets, is one of three major factors driving revenue growth, alongside increased restaurant commission and improved ad monetization. The report also highlights that Delhi NCR led in late night orders, while Bengaluru dominated breakfast orders. This move reflects a broader industry trend, as Zomato and rivals like Swiggy use platform fees to enhance profitability.

GOVERNMENT
Ola Electric's ₹6,145-Crore IPO: Leading the EV Charge Amidst Financial Hurdles

One Liner: Ola Electric's debut IPO, valued between ₹72 to ₹76 per share, highlights its leading EV market position despite recent financial losses.

Ola Electric's highly anticipated IPO, set at ₹72 to ₹76 per share, represents one of the largest new-age offerings of 2024. Despite its market cap falling to $4 billion from a previous $5.4 billion, Ola Electric leads the Indian EV market and is making waves with its ₹6,145-crore public offer. The company, known for its significant market share and ambitious expansion plans, faces a challenging path to profitability, having reported a loss of ₹1,584 crore in FY24. Analysts remain optimistic about its future, citing potential benefits from battery localization and government incentives. While Ola Electric's path to profitability might take 2-3 years, its strong market position and growth prospects make it an exciting prospect in the EV space.

WORLD

A Chinese university has introduced a new degree in marriage management to address the country's declining birth rates and growing concerns over family stability. This program aims to educate students on relationship management, family planning, and parenting skills, preparing them for successful marriages and families. This initiative is part of broader efforts to promote family values and encourage young people to marry and have children in a society facing demographic challenges.

NASA's Cygnus cargo spacecraft experienced a glitch with one of its solar arrays after launching from Virginia's Wallops Flight Facility. Despite the issue, the spacecraft is on track to deliver over 8,200 pounds of supplies and scientific equipment to the International Space Station (ISS). NASA and Northrop Grumman, the spacecraft's manufacturer, are working together to resolve the problem and ensure a successful docking at the ISS. This mission is part of NASA’s ongoing efforts to support the ISS with necessary materials and research tools.

A recent fossil study has uncovered insights into the evolutionary survival mechanisms of sea lilies, a marine animal group that has existed for over 480 million years. The study reveals that sea lilies developed long stems and specialized feeding structures, which allowed them to thrive in diverse environments and adapt to significant ocean changes over millions of years. This research highlights the importance of understanding ancient survival strategies to gain insights into marine biodiversity and evolutionary history.

Plan For Today: Comedy Shots Presents Wild Comedy Nights

Foodie Plan: Dosa Paddu Combo (Serves 2) from Dosa Of Davanagere

Workshop: Design Thinking Workshop

Riddle

What has neck but but no head?

ANSWER TIME!!

Answer(Trivia): Mc Donald 

Answer(Riddle): A bottle