Swiggy shares soared 9.4% today, 3 December, on the BSE, hitting a record high of Rs 542.1 per share. Watch the video to know why.

Swiggy shares hit record high as Bolt makes waves across India

Credit score was never designed to be a consumer product, instead it was made for banks to be able to lend without having to worry about the customer's behaviour, Kunal Shah said

GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis.
The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing.
The bonds have a coupon rate of 5 per cent and a tenure of 36 months.
The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said.
GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.

The bonds have a coupon rate of 5 per cent and a tenure of 36 months

Union minister Ashwini Vaishnaw on Tuesday said the semiconductor plant in Assam's Morigaon district has created an entire ecosystem, attracting investment interest from multiple countries.
Speaking at a session on semiconductors, the minister for railways, electronics and information technology said the setting up of the semiconductor assembly unit at Morigaon will position Assam as a major hub and very soon, another such unit will be set up in the state.
Several companies from Singapore, Malaysia, and Japan are expected to sign Memorandums of Understanding (MoUs) and set up offices near the semiconductor plant, he added.
"Apart from semiconductors, Assam will soon have manufacturing units for mobile phones and electronics, further boosting the state's industrial landscape," he said.
The decision to set up the National Institute of Electronics and Information Technology (NIELIT) University was taken a few months ago at Jagiroad on encroached railway land, the minister said.
"The 

Vaishnaw said the setting up of the semiconductor assembly unit at Morigaon will position Assam as a major hub and very soon, another such unit will be set up in the state

Additionally, if the tariff threat made by US President Donald Trump becomes a reality, that too will have an impact on the industry

Union minister Ashwini Vaishnaw on Tuesday said the first 'Made in India' semi-conductor chip would be ready for production by 2025.  He made the announcement on the second day of the 'Global Investors Summit 2025' organised in Bhopal.
"By 2025, the first 'Made in India' semiconductor chip would be ready for production," an official release quoted the Electronics and Information Technology Minister during the event that he joined via video conference.
"Under Prime Minister Narendra Modi's leadership, electronic manufacturing in Madhya Pradesh has gained significant momentum. Two electronic manufacturing clusters have been approved by PM Modi one each in Bhopal and Jabalpur," he said.  Currently, 85 companies are actively engaged in the electronics manufacturing sector in the state, marking a major success for the double-engine government, Vaishnaw said.  The government's commitment to technological advancement by announcing the training of 20,000 engineers under the Future Skills ...

To further strengthen the talent pipeline, the government has initiated a programme to train 85,000 engineers in advanced semiconductor and electronics manufacturing, he said

Jubilant Bhartia Group Chairman Shyam S Bhartia has denied allegations of sexual assault, saying he will cooperate with the investigating agency, a regulatory filing said on Tuesday.
Terming the allegations in the FIR as "baseless, false and disparaging", Jubilant FoodWorks Ltd (JFL) filing, quoting Bhartia, said it was made with a "clear malafide intent against him".
According to a section of the media, rape and money fraud allegations were levelled by a Bollywood actress, whose name has not been revealed, against Bhartia and his one associate.
"... the Company has received a statement from Mr Shyam S Bhartia, Chairman, Jubilant Bhartia Group, in his personal capacity, where he denies all the allegations as they are baseless, false and disparaging, and made with clear malafide intent against him," said JFL, which operates fast-food chains - Domino's Pizza and Dunkin' Donuts.
It further said the order of the Bombay High Court specifically states that the police shall investigate th

Jubilant Bhartia Group Chairman Shyam S Bhartia has denied allegations of sexual assault, saying he will cooperate with the investigating agency, a regulatory filing said on Tuesday.

Praising the Union budget, Union Minister Dr Mansukh Mandaviya on Sunday said that the budget aims to make a healthy economy by setting a proper roadmap with a long-term vision.
He said that time has changed in the last 10 years after Prime Minister Narendra Modi took over.
"The prime minister has a vision of a developed India by 2047. With a long-term vision, the PM has also laid out his roadmap step by step in every budget," the minister said at a press conference at the party office on Sunday.
"Our budget aims to build a healthy economy. Each budget for the last ten years is taking the country a step forward," he said.
The minister highlighted various budget announcements and said that all the sectors have been taken care of in the budget.
"The budget also prioritised infrastructure development and a proper roadmap has been laid out in the budget. The priority was also given to the health sector with a vision to include more poor people under the Ayushmann Yojana," he said.

Praising the Union budget, Union Minister Dr Mansukh Mandaviya on Sunday said that the budget aims to make a healthy economy by setting a proper roadmap with a long-term vision.

Total Budget outlay for FY26 is 9.8 per cent higher than last year's Rs 7.36 trillion

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

&amp;nbsp;

After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
						&amp;nbsp;

Swiggy shares hit record high as Bolt makes waves across India

Swiggy shares soared 9.4% today, 3 December, on the BSE, hitting a record high of Rs 542.1 per share. Watch the video to know why.

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