What is it? The closing price of Avenue Supermarts on the first day of its trading at the bourses.
Why is it important? That’s more than double its issue price, when it went for initial public offering earlier this month. Avenue is the holding company of D-Mart retail chain and operates in a segment rife with growth, margin and business model issues.
Rs 2 lakh
What is it? The limit to a single cash transaction (or multiple cash transactions related to the same event) if the amendment to the Finance Bill, 2017 gets passed in the Lok Sabha.
Why is it important? This is a further reduction from earlier cap of Rs 3 lakh suggested in the Union Budget for 2017-18. A cap on cash payments will push the public towards more digital payments and potentially increase tax collections. Norway, Sweden and Denmark, the countries that score high on human development, have a tax revenue to GDP ratio of around 50%. For India it is around 17%.
Tell me more: This is a part of the record 40 amendments proposed for the finance bill.
What is it? The fall in US President Donald Trump’s net-worth compared to March, 2016.
Why is it important? The first billionaire president of the United States, Trump’s fortune dwindled to tie him with 19 others as the 544th richest billionaire. He dropped 220 spots on the Forbes billionaire list as prices dropped in a part of New York’s real estate market where 40% of his wealth is tied up.
Tell me more: Trump’s business had also donated $66 million to last year’s presidential campaign.
What is it? The number of greenfield airports that have received government approval
Why is it important? About Rs 30,000 crore will be invested in building these airports, to be set up mostly in the smaller cities and towns. It is likely to help push investments in more centres, and eventually align with the government’s multi-modal logistics hubs initiative that aims to bring down the logistics cost for companies by strengthening infrastructure.
Tell me more: Mopa (Goa), Navi Mumbai, Shirdi and Sindhudurg (Maharashtra), Bijapur, Gulbarga, Hassan and Shimoga (Karnataka), Kannur (Kerala), Pakyong (Sikkim), Karaikal (Puducherry), Dholera (Gujarat) and Bhogapuram (Andhra Pradesh) are among the places that will get new airports if the projects go through.
Rs 5092.6 crore
What is it? The amount Sahara Group has to deposit in SEBI-Sahara refund account by April 17, 2017.
Why is it important? Supreme Court has now warned that it would auction the group’s Aamby Valley project, worth Rs 39,000 crore if it doesn’t deposit the amount on time. The court refused to extend the deadline. Last month, it had said the group had to pay the amount by the deadline to keep its chief Subrata Roy out of jail.
Tell me more: Securities and exchange board of India has been struggling to get Sahara Group return Rs 24,000 crore plus interest to investors through a long drawn court battle.