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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News In Numbers – August 12

News In Numbers: August 12

 

896 million

The number of Aadhaars, the unique identity number for every resident of India that was launched by the previous Congress-led government, issued so far. The current Bharatiya Janata Party (BJP)-led government has made Aadhaar the identity centerpiece for welfare schemes. But its extension to further government schemes is on hold for now after the Supreme Court on Tuesday said Aadhaar was not mandatory to avail of welfare benefits and asked a larger bench to examine whether the information collected and shared by the government under Aadhaar violated the right to privacy of individuals.

 

$72 billion

The value of trade between India and China in 2014-15. Of this, $60 billion was goods moving from China, much of whose superlative growth in the past decade has been on account of such exports, to India. That growth has been flagging, with China reporting a 8.3% drop in July. In order to shore up this growth, China on Tuesday signalled adevaluing of its currency, which would effectively make its products more price-competitive in international markets,sending ripples through other markets and raising fears of currency wars.

 

24%

Syngene International, the research arm of biotech major Biocon, listed on Tuesday at a 24% premium to its issue price. Elsewhere, the initial public offering (IPO) of Power Mech, which provides engineering services to the power sector, received subscriptions of about 38 times its issue size on Tuesday, its last day. Both numbers augur well for other high-profile businesses that have stated their intent to go public in the coming weeks and months, a list that includes the companies that run Café Coffee Day and IndiGo Airlines.

 

Rs.640 crore

One of the two figures being stated for the compensation amount for consumers the government has sought from Nestle India. The other is Rs.426 crore. In June, the food regulator banned Nestle’s popular Maggi noodles, alleging the presence of excess lead and misleading information about monosodium glutamate on the label. The case is contested on various legal forums. The government on Tuesday filed a complaint against Nestle on behalf of consumers—the first time it has done against a company—in a consumer forum.

 

9%

The amount of time the Rajya Sabha, one of the two houses of Parliament, has worked this monsoon session, the lowest in the last five years, according to PRS Legislative Research. For Lok Sabha, the figure is 43%, the second lowest in the last two years. Parliamentary proceedings have been marred by the Congress party stalling Parliament, demanding the resignations of central minister Sushma Swaraj, Rajasthan chief minister Vasundhara Raje and Madhya Pradesh chief minister Shivraj Singh Chouhan. With two days left in the session, the passage of the goods and services tax bill, a far-reaching tax reform, is in jeopardy.

 

 

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