News in numbers, Nov 3, 2015: Coffee Day’s market debut, impact of bridging gender gap…

17.64%

What is it? The first day decline in stock price of Coffee Day Enterprises, which runs India’s largest coffee chain Cafe Coffee Day, post its listing in stock market on Monday.

Why is it important? An indicator that the shares might have been overpriced. Even during the IPO, the offer received muted response from retail and non institutional investors (these two categories were subscribed only upto 90% and 53%, respectively)

Tell me more: It remains to be seen how the other big listing by InterGlobe Aviation (which runs Indigo Airlines) would fare. It will debut later this month. The company raised Rs 3,010 crore in an initial public offering.

 

17%

What is it? India’s share of women’s contribution to the country’s GDP, according to a McKinsey Global Institute report.

Why is it important? It is 20 percentage points lower than the global average of 37%. This shows the extent of efforts India needs to take in order to come closer to gender parity.

Tell me more:  Among Indian states, Mizoram, Meghalaya, Kerala, Goa and Sikkim are the best in terms of gender parity score (GPS) ranging between 0.70 and 0.64. And, these states account only for 4% of Indian working women. Bihar, Jharkhand, Assam, Madhya Pradesh and Uttar Pradesh are the worst in terms of GPS and these account for 32% of the country’s working women population.

 

2.66 lakhs

What is it? The number of cars sold by Indian carmakers in October.

Why is it important? The third highest sales recorded in a month in the history of Indian automotive industry. It’s 22% more than what they sold in October last year. Due to a prolonged economic slowdown, carmakers in India have been struggling with low demand, lesser sales and excess capacity. It remains to be seen if car sales (considered to be a proxy of how well an economy is doing) continues to grow at the same pace or faster after the festive season is over.

Tell me more: October also saw the two-wheeler segment breaking into a double-digit growth with Hero Motocorp and Honda posting their highest ever sales in a month.

 

4.4%

What is it? The percentage drop in net sales of 622 companies in the second quarter of 2015-16 compared to same period last year.

Why is it important? Shows the dominance of oil and gas sector, and the impact of petroleum prices. Excluding the four oil and gas sector majors – Reliance Industries, Cairn India, MRPL and Petronet LNG – the net sales is up 4.9%.

Tell me more: While the net sales came down, profits went up 7.2% during the quarter (and 10.1% when the four oil and gas companies are excluded).

 

Rs 2.57 crore

What is it? The average assets of MLAs who are re-contesting Bihar’s Assembly elections in 2015, according to an analysis by the Association for Democratic Reforms.

Why is it important? This is a nearly threefold jump in five years. It was Rs 86.41 lakh in 2010. Bihar MLAs’ pay package was revised to Rs 1.65 lakh per month in March 2011 and once again 2014 according to reports. But, that doesn’t completely explain the 3 fold increase.
Tell me more: Among the 160 sitting MLAs, the biggest increase in assets is for JD(U) sitting MLA, Poonam Devi Yadav, who is re-contesting from the Khagaria constituency. Her assets increased to Rs 41 crore from Rs 1.8 crore between 2010 and 2015, an increase of over 2,000%. The assets of re-contesting Congress and JD(U) MLAs grew at the fastest rate while those from the Rashtriya Janata Dal had the highest average assets at Rs 3.8 crore in 2015.  

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