News in Numbers, Feb 27, 2017: Back in stock: Nokia 3310 📲

~Rs 3,500

What is it? The estimated price of the Nokia feature phone redux, the popular 3310.

Why is it important? Nokia, once the most popular mobile brand, is plotting a comeback with a slew of new phones and one relaunch by its current owners, a subsidiary of Foxconn. HMD Global has lined up four phones, including the redesigned feature phone, 3310, for global shipments. Between its launch in 2000 and 2005, the 3310 had sold 120 million units. In India, especially, it could create a stir as more than 55% of mobiles phones are still feature phones.

Tell me more: The new smartphones are priced between Rs 9,000 and Rs 21,000.

 

6.1-6.4%

What is it? The estimates of GDP growth for the third quarter of fiscal 2016-17, when demonetisation was in the full swing.

Why is it important? Surveys of economists by Mint and Reuterspoint to the slowdown caused by demonetisation. The last estimate from the Central Statistics Office of the full fiscal at 7.1% kept the cash-ban effect out of reckoning.

Tell me more: In the July-September quarter, GDP growth rose by 7.3%. International Monetary Fund recently projected 6.6% GDP growth rate for India in 2016-17.

 

9

What is it? People killed in the boat capsize in Tamil Nadu.

Why is it important? Another boat capsize in a little over a month since the Bihar tragedy. Avoidable deaths recur given India’s lax enforcement of water safety measures, mostly when boats not suited for the purpose are used and absence of life jackets onboard. In this case, while the cause remains undetermined, it is being reported that many died trapped in the fishing net inside the vessel, taking them on a joyride off Tuticorin, when it overturned. The boat was not meant for too many passengers.

Tell me more: Tamil Nadu had seen 22 persons killed in another capsize in 2011.

 

630

What is it? The number of generic drugs the US Food and Drug Administration (USFDA) approved in 2016.

Why is it important? The US is one of the largest pharmaceutical markets in the world and generic or unbranded drugs saved its healthcare system $1.68 trillion in the last 10 years. An increase in approvals would give a boost to its healthcare system. But more significantly, nearly 80% of the generic drugs originate or get made in countries like India and China. So, it would also spell a larger market for such drug manufacturers based in these countries. USFDA Approvals are up from 580 in 2015 and 146 in 2014.

Tell me more: India, of course, will have do better to gain from it, as many of the drug manufacturers ran into trouble due to their production units failing the USFDA standards.

 

6

What is it? The number of Academy Awards or the Oscars that La La Land won, out of 14 categories it had been nominated in.

Why is it important? The movie was in the running for matching/breaking the record of the most number of Oscars won by a movie, ie. 11 or more (Ben Hur, Titanic and The Lord of the Rings: The Return of the King. However, with a vocal critic base the movie was not able to do so.

Tell me more: For a brief moment, the movie was declared the ‘Best Movie’, the ultimate prize at the Oscars and what would have been the movie’s seventh award of the evening. But it was the presenter’s mistake.

Read More

News in Numbers, Jan 24, 2017: WTO sugars the pill

2/3rd

What is it? Members of the 164-country-strong World Trade Organization’s (WTO) that agreed to permanently waive restrictions on poor countries accessing generic medicines.

Why is it important? It permanently removes hurdles (such as a mandate to primarily supply local markets) for poor WTO members who cannot afford to produce generic medicines. They can now import more affordable version of medicines for HIV/AIDS, tuberculosis and malaria. WTO’s Trade Related Aspects of Intellectual Property (TRIPS) agreement had to be amended for a permanent waiver. Despite their low cost, the demand volume for generics worldwide makes it worth 36% of the global pharma market.

Tell me more: The waiver was in place since 2003, but in a temporary mode, being renewed every two years. The permanent status agreement took 12 years in the making.

 

Rs 3,000 crore

What is it? The MoU investment amount signed by Vodafone with the West Bengal government for capacity increase and other business initiatives in the state for the next three years.

Why is it important? The amount constitutes 1.3% of the Rs 2.35 lakh-crore-investment proposals received by the Mamata Banerjee-led West Bengal government in its Bengal Global Business Summit over the weekend. With over 20 million subscribers in West Bengal and Kolkata, Vodafone would look to consolidate over 10% of its total customer base.

Tell me more: Vodafone has previously invested over Rs 8,400 crorein West Bengal to upgrade its network.

 

35.5%

What is it? The rate of growth of gross premium income of private general (or non-life) insurers in December, 2016 over 2015.

Why is it important? Private general insurers grew faster than public general insurers, underwriting Rs 4,775.35 crore in gross premium income, compared with the latter’s Rs 3524.13 crore, that grew at 17%.

Tell me more: Private non-life insurers are growing faster on a smaller base as they command the smaller half or 42% of the market.

 

9

What is it? The number of people arrested in Kingfisher Airlines loan case on Monday. Those arrested included former managing director of IDBI Bank and former CFO of Kingfisher Airlines.

Why is it important? The loan default by Kingfisher promoter Vijay Mallya and his companies has turned political and the Indian government is under increasing pressure to show that it’s making progress. The public pressure to show visible results has intensified since demonetisation, as the government was seen as being too soft on big businesses and too hard on the common man.

Tell me more: Former IDBI Bank Chairman Yogesh Agarwal, former Kingfisher Airlines CFO A Raghunathan and seven of their colleagues were arrested by the Central Bureau of Investigation.

 

-0.2%

What is it? The day’s fall on Monday for two of Wall Street’s indices:S&P 500 and Nasdaq Composite.

Why is it important? The markets were reacting to President Trump’s protectionist trade moves and Qualcomm’s shares stricken by Apple’s lawsuit. Trump abandoned the 12-nation Trans-Pacific Partnership and is on the verge of renegotiating the North American Free Trade Agreement with Canada and Mexico. The anticipated protectionist measures combined with the embattled Qualcomm’s lawsuit from Apple to bring down indices.

Tell me more: The Dow Jones Industrial Average also inched downby 0.1% on Monday.

Read More