News In Numbers: September 10, 2015
Rs 50 lakh
The amount the National Stock Exchange (NSE) has been fined by the Mumbai High Court in a defamation case it had filed against financial news website Moneylife. The bourse filed a Rs 100 crore defamation suit against Moneylife following an article written by Sucheta Dalal alleging that NSE staffers were leaking sensitive information related to high-frequency trading, which helped a select set of investors to trade faster than their competitors. Despite repeated requests by Moneylife, NSE did not participate in the story. According to Hoot, a media watch website, there were 21 instances of defamation cases and legal notices being filed by politicians, business houses, lawyers, former judges and media houses to book publishers, advertisers, other media houses and journalists in 2014.
Share of revenue Infosys expects to earn by way of acquisitions of the total 2020 target revenue of $20 billion. The Bengaluru-based IT firm is working towards a 30% operating margin and $80,000 revenue per employee in another five years. In 2014-15, Infosys earned $8.7 billion in revenue. Quoting the way Accenture and Cognizant have acquired other companies, Vishal Sikka, managing director and chief executive of Infosys, said they need to do something similar without copying them. The company has made two acquisitions this year. Since the beginning of 2015, Accenture has acquired nine companies.
1.9 percentage points
The amount by which global corporate profits as a share of global GDP will fall by 2025, according to a new study by McKinsey, the consulting firm. According to McKinsey, the share of corporate profits as a share of world GDP was 9.8% in 2013. By 2025, this will fall to 7.9% due to a range of factors. Increased competition as firms in emerging markets continue to expand beyond their borders is one major reason. Another reason, McKinsey says, is the fall in labour costs and interest rates observed over the last few decades is unlikely to continue.
According to a survey conducted by the Indian government, over a fifth of the toilets it has constructed are non-functional and effectively beyond use. The government has built 6 crore toilets. Chaudhary Birendra Singh, Union Rural development minister, said a change in mindset was needed to make people use toilets. The government is aiming to do away with open defecation under the Swachh Bharat mission by 2019. Over half a billion people in India – or 59% of the 1.1 billion people in the world — still defecate in the open, according to the World Health Organization.
The number of Indian railway stations Japan will help India redevelop by sending an official mission to “study the opportunities for industries”. Besides this, Japan has agreed to participate in Indian railways’ investment plan of $140 billion in the next five years and engage in technology cooperation for modernising and upgrading Indian railways. Japanese railways and companies would also assist India in its zero-accident mission. Indian railways posted a loss of Rs 30,000 crore in the passenger segment in 2014. Japan has announced a funding of $35 billion across various infrastructure projects over the next five years.
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