cagedwings_ch_4_by_jumper_of_clouds-dbs0f8n

New Battle Lines Are Drawn

 

77%

What is it?The percentage stake in Flipkartthat Walmart has agreed to buy for $16 billion.

Why is it important?This is the biggest e-commerce deal in the worldand Walmart’s biggest foreign investment. It would help the US retailer get access to India’s nascent e-commerce market, which is expected to grow to $200 billion in a decade. Walmart will also bring its US rivalry with Amazon to Indiaand new battlelines would be drawn between two of the world’s most deep-pocketed firms, in what is being seen as a game-changer for the Indian e-commerce market.

Tell me more:Of the $16 billion, $2 billion is the actual investment in the company, with the rest being used to buy out other stakeholders. Softbank has exited Flipkart, and the rest of the business will be held by co-founder Binny Bansal, China’s Tencent Holdings, Tiger Global Management and Microsoft.

 

4

What is it? The number of judges among the Supreme Court’s five senior-mostwho met on Wednesday to discuss the reiteration of Justice KM Joseph’s candidature for elevation to the apex court.

Why is it important? This is the first time the five judges—who make up the SC collegium that recommends SC judicial appointments to the Centre—met since May 2, when they discussed the Centre’s rejection of Justice Joseph’s candidature but deferreda decision on it. Justice Joseph’s appointment is one of the points of contention inside the SC, as well as between the SC and the Centre.

Tell me more: Justice J Chelameswar was on leave and was not present at the meeting. He is retiring on June 22 and he has declined an invite to a farewellfrom the SC Bar Association.

 

 

$4.6 billion

What is it? The amount Bharti Airtel is reportedly looking to pare from its net borrowings over the next three years.

Why is it important? The telecom firm plans to do this by listing its African unit and potentially sell partial stake in its tower business, in a move that would likely help it protect its investment grade rating. Bharti’s net debt increased 45% to $14.6 billion over four years as it invested in spectrum and infrastructure, and protected its market share, after Reliance Jio initiated a pricing war.

Tell me more: The Sunil Mittal-backed firm reported a net profit of Rs 83 crore in the January to March quarter, a 78% drop on a year-on-year basis. This was its eighth consecutive drop in quarterly net profit.

 

205

What is it? The number of companies whose shares will be delisted by the Bombay Stock Exchange beginning May 11.

Why is it important? The move comes in the backdrop of a government clamp down on shell companies. There are three lists: 188 companies that have remained suspended for above six months, 14 companies whose status on the Ministry of Company Affairs website shows “under liquidation/liquidated” and 3 companies delisted by the National Stock Exchange.

Tell me more: Promoters of these 188 companies have to repurchase shares from public shareholders as per the fair value determined by a BSE-appointed independent valuer.

 

105

What is it? The number of goals scored by Manchester City in 37 matches in the 2017-18 English Premier League season.

Why is it important? On Wednesday, champions Manchester City beat Brighton 3-1. In the process, they went past the single-season record of goals scored in a 20-team EPL format introduced in 1995-96: 103 goals by Chelsea in 2009-10.

Tell me more: Manchester City yesterday also broke the record for the most points in a single season. They now have 97 points, two more than Chelsea in 2004-05. They will be looking to hit 100 pointsin their last game on Sunday against Southampton, which is placed 17th.

 

Read More

Indian_farmers-2

Fertilizers Can Cause Diabetes

 

Rs 83 crore

What is it? Bharti Airtel’s net profit in the January-March quarter of 2017-18, down 78% from Rs 373 crore in the same period a year ago.

Why is it important? This is the lowest net profit lowest net profit in 15 years reported by India’s biggest telecom firm by market share (over 25%) and comes amidst rising competition and a cut-throat tariff war initiated by Reliance Jio, besides a reduction in international termination rates. The firm’s return on capital employed declined to 4.7% in 2017-18, from 6.5% in the previous year.

Tell me more: Bharti Airtel’s consolidated revenues for the full year were Rs 83,688 crore, a decline of 9.8% from the previous fiscal. Its net profit was Rs 1,099 crore, a decline of 71.1% from a year ago.

 

37

What is it? The number of Maoists killed within 72 hours in Maharashtra’s Gadchiroli district since Sunday. The toll increased to 37 after 15 more bodies were discovered from the Indravati river on Tuesday.

Why is it important? This makes it the most successful anti-Maoist operation by Maharashtra’s security forces in nearly four decades. Gadchiroli is among the worst-affected by Maoist insurgency and the latest encounters are said to have effectively wiped out the Maoist organisation in the district. Other Maoist-affected states such as Madhya Pradesh, Chhattisgarh, Jharkhand and Andhra Pradesh have been put on a high alert.

Tell me more: A total of 514 people have been killed in Left-Wing extremist violence in Maharashtra between 2005 and 2018, of which 165 are civilians, 146 from the security forces and 203 insurgents.

 

900

What is it? The number of people whose urine samples were tested for a government-funded research that examines the link between the use of synthetic fertilisers and their effect on farmers.

Why is it important? Indian government scientists found a close link between toxic heavy metals used in fertilisers and the prevalence of diabetes and cardiovascular diseases in farmers. The prevalence of pre-diabetes, diabetes and atherosclerosis was found to be 43.4%, 16.2% and 10.3%, respectively, in a village in Tamil Nadu, where 82.5% of the study population was engaged in farming.

Tell me more: According to a 2011 study conducted in 28 districts in 12 states, about a fifth of respondents had experienced negative side effects such as weakness, fever, dizziness and blurred vision, after handling pesticides.

 

119

What is it? The lowest target in this year’s Indian Premier League (IPL), set by the Sunrisers Hyderabad.

Why is it important? The Mumbai Indians failed to surpass it, despite facing a depleted Hyderabad attack. Mumbai capitulated for just 87, marking only the third time in IPL history that all 20 wickets have fallen in a match. This result left reigning champions Mumbai languishing near the bottom of the table, with just one win from five matches, and Hyderabad third.

Tell me more: Hyderabad lost another top signing yesterday, with fast bowler Billy Stanlake ruled out due to a finger injury.

 

Read More

business-561387_1920

‘Ease Of Doing Business’ In India

 

IndiGo is adding to its fleet. India is getting better at Doing Business says the World Bank. Tata Teleservices paid over a billion to end dispute with the erstwhile partner NTT Docomo.

 

40% 

What is it? The percentage of seats that went empty on the Mumbai-Ahmedabad-Mumbai train route in the three-month period to September, according to the response of the Indian Railways to an RTI query.

Why is it important? This is the route chosen by the Central government to build India’s first bullet train project, with Japan’s help, at a cost of Rs 1,10,000 crore. Critics of the project argue that, instead of investing in one high-speed line, the money can be better spent on multiple projects whose benefits reach more Indians.

Tell me more: For 2017-18, the total capital and development expenditure of the Indian Railways has been earmarked at Rs 1,31,000 crore, of which, Rs 55,000 crore is due to come from the Central government.

 

141

What is it? The number of aircraft in the fleet of IndiGo, as of September 2017. That’s an increase of 6 aircraft over June 2017 and 23 over September 2016.

Why is it important? At its Q2 results yesterday, India’s number one domestic airline reported a four-fold increase in net profit on a year-on-year basis to Rs 552 crore, partly driven by a 25.7% increase in passenger revenues. This increase comes in the lean season, which shows it is being able to sweat its assets.

Tell me more: The net profit was partly aided by compensation from Pratt & Whitney and Airbus for grounding of planes and delivery delays.

 

34%

What is it? Share of Mauritius in the $43.4 billion foreign direct investment (FDI) that came into India in 2016-17.

Why is it important? Uttar Pradesh chief minister Yogi Adityanath is today flying to Mauritius on a three-day visit, during which he will participate in an event of non-resident Indians and invite them to invest in the state. Last month, he hosted a 50-member industry delegation from the US.

Tell me more: The share of the Kanpur regional office of the central bank, which covers UP and Uttarakhand, in FDI inflows in 2016-17 was just 0.2%.

 

30

What is it? The number of positions that India gained in the 2018 Doing Business rankings released by the World Bank yesterday.

Why is it important? This study assesses countries on 10 parameters, and India posted an improved score in each, with the biggest jumps coming in ‘paying taxes’, ‘getting credit’ and ‘resolving insolvency’.

Tell me more: The World Bank survey is based on the situation in New Delhi and Mumbai. A state-level survey of 3,276 manufacturing firms by NITI Aayog-IDFC Institute, released in August, documented improvements but also reported challenges in doing business.

 

$1.27 billion

What is it? The amount that Japan’s NTT Docomo said on Tuesday it has received from Tata Sons as arbitration, awarded last year for its 21.6% stake in Tata Teleservices.

Why is it important? The transfer ends the dispute between the erstwhile joint venture partners and paves the way for the merger of the loss-making consumer-mobile business of the Tata Teleservices with Bharti Airtel.

Tell me more: A stated goal of Tata Sons executive chairman N Chandrasekaran is rationalisation of the group’s businesses, with an approach that pivots around 5-7 groups than 110 companies.

 

Read More

Snail’s pace housing 🐌🏡

Rs 154

What is it? Bharti Airtel’s average revenue per user (arpu) in the three months ended June.

Why is it important? This is about 21% lesser than that reported in the same quarter a year ago and is an indication of the impact of Reliance Jio. The new telecom player provided free services for six months after its entry last year, which forced the incumbents to reduce their tariffs to protect/retain their market share. The impact of Jio on other players may lessen in the subsequent quarters as it has started charging its customers from April this year. Its maiden paid-for and most popular plan would translate into an arpu of Rs 96 while the most prominent of its revised plans would increase the arpu to Rs 124, according to ratings agency Icra.

Tell me more: The net profit of India’s largest telecom operator declined by 75% to Rs 367 crore from a year ago period. However, it added 5.2 million subscribers in the last three months, which is the highest ever.

 

180,877

What is it? The number of houses built under the ‘Pradhan Mantri Awas Yojana’ so far.

Why is it important? This is less than 0.5% of the target of 5 crore homes for the poor by 2022, which indicates the slow pace of the programme (launched in February 2016) as well as raises the question of the feasibility of achieving the goal. The programme is important as at least 6.5 crore people live in slums across India and most do so in makeshift houses and shacks.

Tell me more: The initiative was also launched with the idea that it would help create jobs though unemployment rate has gone up to 5%of the labour force in 2015-16 from 4.9% in 2013-14, the year before the NDA assumed power.

 

2002

What is it? The year since the Indian monsoons (June-September) have strengthened, according to a study by the Massachusetts Institute of Technology.

Why is it important? The strengthening in the last 15 years has resulted in the reversal of a 50-year drying spell when the monsoon brought relatively less rainfall to the northern and central parts of India. Strong warming of the entire Indian subcontinent and a significant slowdown in the temperature rise over the Indian Ocean could partially explain this trend, according to the researchers.

Tell me more: The year of 2015 saw a blip in trend – widespread drought across the subcontinent – which the study attributes to the severe El Niño (unusually warm temperatures in the Equatorial Pacific) season.

 

300-325 km

What is it? The distance covered by trucks a day after Goods and Services Tax (GST) was implemented.

Why is it important? This is 30% more than the 225-km-a-day covered by them pre-GST. The road transport ministry is crediting the abolishing of state-border checkposts for the increased productivity. Earlier, anywhere between 20-30% of a logistic truck’s travel time was spent on clearing checkposts, due to congestion.

Tell me more: The ministry says along with the abolishment of inter-state sales tax, it could bring down logistics costs by 10-12%.

 

Rs 500 crore

What is it? The relief package declared by Prime Minister Narendra Modi for the flooded districts of Gujarat.

Why is it important? Gujarat has seen some of this year’s worst flooding, since June due to heavy monsoon rains, aggravated by water inflow from Rajasthan and relentless rains over the weekend. More than 36,000 people have been displaced from their homes and the transport sector suffered over Rs 6 crore losses a day due to flooding. The relief package will help rebuild and rehabilitate the lives of those displaced.

Tell me more: In 2015-16, 1,543 people died in natural disasters. Gujarat’s toll has crossed 70 since the start of monsoon this season.

Read More