Trump-Kim_Meeting_v1

Complete Denuclearization?

4

What is it? The number of points in the joint statement issued by the US and North Korea after the first meeting between Donald Trump and Kim Jong-un in Singapore on Tuesday.

Why is it important? The points cover retooling the relationship between the two nations and working towards peace, including in the Korean peninsula, where the goal is complete denuclearisation. While a meeting between the two leaders is a step forward, the lack of operational detailing means the jury is still out. Later, North Korea’s state news agency reported that Kim had accepted Trump’s offer of visiting the US.

Tell me more: The US and North Korea are among the nine countries in the world with nuclear weapons.

9%

What is it? The percentage of Tesla’s workforce likely to lose their jobs in a restructuring announced by the company on Tuesday.

Why is it important? In spite of its CEO Elon Musk waiving off critics in recent months, Tesla is under pressure to achieve mass production of the Model 3, its first mass-market vehicle, and turn profitable. Tesla is yet to reach Musk’s goal of producing 5,000 cars a week, originally promised for end-2017. And these job cuts in Tesla’s 40,000-strong workforce appear to be a reaction to that. The Tesla stock gained 3.4% yesterday.

Tell me more:In the first quarter of 2018, Tesla posted a net loss of $784 million on revenues of $2.73 billion.

4.9%

What is it? The rate at which India’s industrial production, as represented by the Index of Industrial Production (IIP), grew in April 2018 compared to April 2017.

Why is it important? This is marginally higher than the 4.4% growth recorded in March 2018, which followed four consecutive months of 7%-plus growth. In other data released by the government yesterday, retail inflation, as represented by the Consumer Price Index (CPI), increased to 4.87% for April 2018—its fastest rate in the last four months. These numbers could force the central bank to increase interest rates further.

Tell me more:In April 2018, mining grew 5.1% on a year-on-year basis, manufacturing 5.2% and electricity 2.1%.

1

What is it? The number of managers, among the last five, who have completed three seasons at Real Madrid.

Why is it important?On Tuesday, Read Madrid announced the signing of Julen Lopetegui, current head coach of the Spain national side, as their new manager on a three-year deal. Being the manager of Real Madrid is one of the most prestigious, and unforgiving, jobs in all of football. Among the last five, only Jose Mourinho completed three seasons.

Tell me more:The shortest tenures in this setof five were of Rafael Benitez (half a season) and Manuel Pellegrini (1 season).

20 months

What is it? The number of months the AT&T-Time Warner deal has been pending for want of regulatory clearances.

Why is it important? On Tuesday, it cleared its last hurdle, with a US court ruling that AT&T can proceed with its blockbuster $80 billion acquisition of Time Warner without any conditions. It marked a major defeat for US government regulators and set the stage for similar deals that could alter the media landscape.

Tell me more:The US government had opposed the deal, arguing that it would reduce competition in pay TV and lead to higher prices for consumers.

Read More

Donald_J._Trump_at_Marriott_Marquis_NYC_September_7th_2016_04

“nothing but lies and deceit”

As Donald Trump and Pakistan ushered in new year, the latter got reprimanded by the leader of the world’s most powerful economy in his first tweet of 2018. Trump said that Pakistan had given them “nothing but lies and deceit”, as he laid out in his tweet, the quantum of funds US has given to Pakistan in last 15 years. Well, that’s some way to ring in the new year.

For more news in numbers, read on.

 

Rs 68,826 crore

What is it? The total amount raised by Indian firms via the initial public offering (IPO) route in 2017, according to Prime Database.

Why is it important? This is the highest amount raised through this route so far, indicating increased buoyancy in the Indian equity markets. This is likely to continue in 2018: 15 companies have Sebi (Securities and Exchange Board of India) approval to raise Rs 12,000 crore; another 10 companies, looking to raise Rs 19,000 crore, are awaiting regulatory consent; and more filings are expected in the near future.

Tell me more: According to SBI’s research report Ecowrap, the heightened IPO activity could spur credit growth in some sectors—as seen in previous years—even though there is no direct relation between the two.

 

119.2 million

What is it? The number of shares that Bandhan Bank is looking to offer to the public via its proposed initial public offering (IPO).

Why is it important? On Monday, the bank said it had filed a Draft Red Herring Prospectus (DRHP) with capital market regulator Sebi. Back in June 2015, Bandhan, which was then India’s largest microfinance company, was one of the two entities to receive a banking licence, the other being IDFC. Going public within three years, a statutory requirement, will mark another milestone in Bandhan’s transformation from a giver of small loans to a full-fledged bank.

Tell me more: The proposed Bandhan IPO will consist of a fresh issue of up to 97.6 million shares and an offer for sale of 21.6 million shares. As of September 30, 2017, the Kolkata-headquartered bank had 864 bank branches and 386 ATMs, and current account and savings account deposits of Rs 7,170 crore.

 

6.8%

What is it? The rate at which India’s infrastructure output grew in November from a year ago.

Why is it important? This is the fastest in 13 months, which suggests a possible revival in Indian industrial production. The growth in eight core industries, which account for 40% of industrial production, is likely to boost India’s factory output (as measured by the Index of Industrial Production), which had slowed to a three-month low of 2.2% in October.

Tell me more: The growth in infrastructure output in October was led by double-digit growth in steel and cement. The eight core sectors cumulatively grew 3.9% between April and October of 2017-18, lower than the 4.9% growth in the same period a year ago.

 

$33 billion

What is it? The total aid the United States has given Pakistan over the last 15 years, according to a tweet by US President Donald Trump yesterday.

Why is it important? In a strongly-worded tweet, which is also his first in 2018, Trump accused Pakistan of harbouring terrorists and said it had given them “nothing but lies and deceit”. The US is reportedly considering withholding $255 million in aid to Pakistan to express its displeasure over the latter’s alleged role in abetting terrorism. This is likely to boost India’s efforts in isolating Pakistan, whom it has blamed for sponsoring terrorism.

Tell me more: Minister of state Jitendra Singh tweeted that the American stance on Pakistan has vindicated India’s stand on terror.

 

61

What is it? The number of seasons that Vidarbha have played the Ranji Trophy, the premier competition in Indian domestic cricket.

Why is it important? On Monday, playing their first Ranji final, unfancied Vidarbha trounced Delhi by nine wickets to win their first title. Only two teams have taken longer to win their first title: Gujarat (83 seasons) and Uttar Pradesh (72 seasons).

Tell me more: Vidarbha’s win was scripted by a young squad mentored by a team of Ranji veterans, including 39-year-old opening batsman Wasim Jaffer, who won eight titles with Mumbai, coach Chandrakant Pandit and bowling coach Subroto Banerjee.

Read More

Short-staffed 👮/👮👮

50%

What is it? The vacancy in the police department in Uttar Pradesh.

Why is it important? India’s most populous state has more than double the vacancy of the national average of 24%, and also the highest. While the sanctioned strength is 363,000, there are only 181,000 police personnel deployed in the state. The vacancies in IPS ranks in UP was revealed in the Parliament a few weeks ago. While the national average vacancy in IPS was 18.9%, UP had 22% vacant posts.

Tell me more: Only Nagaland was has a surplus in their police force, with 22,264 personnel against 21,574 sanctioned posts.

 

>12%

What is it? The growth in domestic passenger vehicles sold in March, 2017 over 2016.

Why is it important? The growth rate, as per company releases, indicates robust gains. The largest car maker, Maruti Suzuki, posted an 8% and second-largest, Hyundai, a 9% growth. March has been the best month for passenger vehicle sellers since the days of demonetisation that dampened consumer spending.

Tell me more: Tata Motors and Toyota Kirloskar registered growth above 80% in March. Mahindra struggled with reported BS III inventory and saw a decline in sales.

 

72 million

What is it? The number of customers Reliance Industries claims have signed up so far for its telecom offering, Jio under the Prime offer.

Why is it important? While the number attempts to capture the rush to avail of the near-unlimited and free data and voice services offer for a year, it also highlights the Jio’ marketing coup. The hitherto free services which would eventually draw a Rs-303 monthly fee from April, 15, has made it the wireless operator with the largest subscriber additions in February. It accounted for 73% of the total 27.8 million additions in February.

Tell me more: The enrolment in Jio Prime was extended beyond the previous deadline of March, 31 to April.

 

236,000

What is it? The number of H1B visa applications United States received last year

Why is it important? The H1B cap of 85,000 got filled within a week. The application process for this year begins today, in a political environment far different from last years. Donald Trump administration is far less welcoming of foreign workers and the US congress is looking at several bills that call for H1B reforms. Thenumber of applications by Indian IT firms will be keenly tracked.

Tell me more: Indian IT companies are big users of H1B, and reforms in US would force them to change their strategy, and be less dependent on H1B visas. Some firms – including Infosys and Wipro, have been moving in that direction for some time now.

 

$12 billion

What is it? The combined net worth of US president Donald Trump’s senior staff members.

Why is it important? It’s wealthiest in the modern American history. Donald Trump won the elections mostly by appealing to the anger of the middle class Americans at the elite, and the fear of job losses. Ivanka Trump and Jared Kushner, Trump’s daughter and son in law, who have important roles in the administration, have business interests worth $740 million.

Tell me more: The details of personal wealth are from disclosures made by White House starting Friday night.

Read More

News in Numbers, Mar 22, 2017: Who moved my cash 💸

Rs 640.75

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.

Tell me more: Avenue Supermarts is part of a busy IPO season which continues in 2017, after a good year in 2016.

 

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.

 

$1 billion

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.

 

18

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.

Read More