What is it? Snapdeal’s last known valuation, done in 2016.
Why is it important? The valuation, at which the e-commerce company raised $200 million funding in February, 2016, is likely to take a hit. Since then, it has been dogged by failed funding search and sale, as its sales trail its main competitors in India. A report two days back, later refuted by the company, put tentative sale price at $1.5-1.8 billion, almost at a third. Another report yesterday said Snapdeal was unable to rope in investors such as Alibaba Group and existing investor Softbank for fresh funding.
Tell me more: Snapdeal’s made a loss of Rs 29.6 billion rupees in FY16.
~Rs 1,600 crore
What is it? The estimated price Bharti Airtel will pay for Tikona Digital Networks Pvt. Ltd’s 4G network.
Why is it important? The deal, giving Bharti Airtel access to Tikona’s broadband wireless spectrum and 350 cellular sites in five circles, will expand the former’s reach, particularly in cities where it lacks strong presence in 4G services. It has already lined up high-speed 4G services for these circles, even as it locks horns with Reliance Jio.
Tell me more: The overall deal value might be a little more at Rs 1,700 crore s Bharti Airtel as to take on debt on Tikona’s books. Recently, Airtel also announced acquisition of Norway’s Telenor’s India operations, with 44 million subscribers.
What is it? The rise in the Celsius scale in Delhi in the span of 10 days.
Why is it important? In line with warnings of extreme climate and unpredictable weather changes due to global warming, spring bid adieu to the capital city quicker than usual. Thursday’s temperature of 37.4 degree-C was seven degrees above normal and the highest in March since 2010.
Tell me more: The heat onset is despite the recent spate of rain and snow in the hills. The capital is now buffeted by hot summer’s wind patterns, says Ravinder Vishen, head of IMD’s Regional Weather Forecasting Centre.
What is it? The amount raised by Soundcloud, a music streaming firm based in Berlin.
Why is it important? It came in form of debt, while most tech startups tend to go for equity. There is an intense debate on which form of capital is better for a high growth company (Soundcloud said it wants to grow 2.5 times in 2017). Debt could be useful for a company if it believes it is not getting a fair valuation from equity investors, but there are risks, as one of the early backers of Soundcloud argued in a post recently.
Tell me more: Soundcloud, which faces increasing competition from Apple Music, Pandora and Spotify, tried to raise $100 million in equity recently, but didn’t succeed.
What is it? India’s share in global tuberculosis cases, according to a new study by Centre for Disease Dynamics, Economics and Policy
Why is it important? India has the most number of TB cases in the world. Indian government’s ability to counter the crisis has come into question. An added level of danger and complexity is the growing number of multi-drug resistant TB cases. In Mumbai such cases grew by 21% in 2015-16.
Tell me more: Multi-drug resistant TB tends to be fatal, with 40% of the patients succumbing to the disease. India lacks tools that can detect such cases.