News in Numbers, Oct 21, 2016: Fair & Handsome > Fair & Lovely


What is it? The percentage by which men’s average spend per month on moisturizers exceeds women’s in the age group of 18 and 24 years, according to data from research firm IMRB International’s Target Group Index.

Why is it important? An indicator that men in this age group are spending more on grooming products than women, which goes against the popular perception that it is the latter’s domain. Another example: men in this age group spend 6% more on conditioners every month than women. Men aged between 18 and 45 spend 10% more on body washes and 7% more on face washes and scrubs than women per month.

Tell me more: The Indian men’s grooming market is estimated to touch Rs 14,200 crore by 2020, up from Rs 7,500 crore in 2015 (was Rs 3,000 crore in 2010), according to Euromonitor International.


28 paise

What is it? The expected loss per unit of power distribution companies (discoms) that have joined the Ujwal Discom Assurance Yojana (UDAY) by 2018-19 from 64 paise in 2015-16, according to research and ratings firm Crisil.

Why is it important? UDAY scheme envisages zero loss. The scheme was launched by the Indian government last year for financialand operational turnaround of discoms and 17 states have signed up for the same so far. While the losses might not be eliminated, it’s projected to come down. The expected aggregate losses of these discoms are expected to see a drop of 46% to Rs 20,000 crore by 2018-19 from Rs 37,000 crore now. The total debt of state discoms were Rs 4 lakh crore by the end of March 2015.

Tell me more: Chhattisgarh, Uttarakhand, Rajasthan and Haryana are likely to do well under the scheme while Uttar Pradesh, Bihar and Jammu and Kashmir are expected to be laggards. The three states are expected to account for almost two-thirds of the gap or loss (average revenue realised minus average cost of supply).


Rs 1,000 crore

What is it? India’s annual losses due to corrosion of steel in structures and buildings in the coastal areas, according to Steel Minister Chaudhary Birendra Singh.

Why is it important? The government is considering a proposal to make galvanisation of steel mandatory in sectors such as automobile, infrastructure and construction to build corrosion-free steel vehicles and buildings. Discussions between various ministries are on and a Cabinet note is expected to be moved that would require regular steel to be replaced by zinc-coated steel. Galvanised steel is also likely to be used in the Smart Cities Mission as well as Pradhan Mantri Awas Yojana (affordable housing for all).

Tell me more: Corrosion causes losses to the extent of 4-5% of India’s gross domestic product annually, as per an internal analysis of Hindustan Zinc Limited.


1.3 million

What is it? The number of people who die from traffic accidents in the world every year, according to the United Nations (UN).

Why is it important? Nearly half (49%) are pedestrians, cyclists and motorcyclists, which highlights the lack of safe walking and cycling infrastructure in many countries. The UN has asked countries to invest at least 20% of their transport budgets on such infrastructure to not only save lives but also, help in reversing pollution and reducing carbon emissions.

Tell me more: Motorised transport, which is responsible for nearly a quarter (23%) of global carbon dioxide emissions (and the fastest growing sector in greenhouse gas emissions), is likely to be responsible for a third of the carbon dioxide emissions by 2050 at current rates. The report noted that countries such as India have come up with high-quality engineering design and construction guidelines for bicycle and pedestrian facilities but have been weak in implementing them.



What is it? HSBC’s market share in the participatory notes segment in India at the end of 2015-16. P-Notes are instruments issued by registered foreign institutional investors to overseas investors who want to invest in the Indian stock markets without registering themselves with the Indian market regulator.

Why is it important? HSBC, which is one of the top five issuers of P-Notes, is planning to close down this business vertical in India. Following stricter rules, the recently-signed double tax avoidance agreement with Mauritius and with the Special Investigation Teamhaving reportedly having asked the market regulator to provide details of those investing through P-Notes to crackdown on black money, the instrument has been losing its attractiveness.

Tell me more: The share of P-Notes in the foreign portfolio investors’ (FPI) asset base has been gradually declining: from 11% of total FPI assets as on September 30, 2015 to 8.4% of total FPI assets as on August 30, 2016. It remains to be seen how the other P-Notes’ issuers would react to the changing situation.

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News in numbers, Apr 4, 2016: Amazon India’s authorised capital, spectrum usage charges…

> 500

What is it? The number of Indians who have allegedly set up offshore entities in tax havens such as British Virgin Islands, Bahamas, Seychelles and Panama.

Why is it important? Indicates a means of tax avoidance and possibly, money laundering. According to the analysis, most of the offshore entities were set up before the rules allowed individuals to set up subsidiaries or invest in joint ventures abroad.

Tell me more: The list of Indians includes movie stars (Amitabh Bachchan, Aishwarya Rai Bachchan), politicians (such as Anurag Kejriwal, the former chief of the Delhi unit of Loksatta Party) and businessmen (DLF owner KP Singh, elder brother of Gautam Adani, founder chairman of the Adani Group). This is according to an analysis of the 11 million leaked documents of a Panama law firm by the Indian Express.

Rs 16,000 crore

What is it? Amazon India’s authorised capital, the maximum capital a company can raise by selling its shares.

Why is it important? At double the earlier amount, it exceeds its $2 billion (over Rs 13,000 crore) commitment made by Jeff Bezos in 2014. This puts tremendous pressure on its rivals Flipkart and Snapdeal, which has to depend on VC funding to grow its business.

Tell me more: Amazon India’s market share in terms of gross merchandise value was 12% in 2015 while that of its rivals Snapdeal and Flipkart was 26% and 45% respectively, according to Morgan Stanley.


What is it? India’s expected combined fiscal deficit, i.e, excess of expenditure over receipts of the centre and states, as a percentage of GDP in 2016-17, according to HSBC.

Why is it important? The ratio is same as in 2015-16. Bringing down fiscal deficit is key to improving credit ratings and to bring down interest rates, which are essential to boost India’s tepid economic growth.

Tell me more: The aggregate fiscal deficit of 17 states is likely to be higher at 2.9% of GDP in 2016-17 compared with 2.7% in 2015-16 due to the twin components of Seventh Pay Commission payouts and their interest bills on UDAY (financial turnaround and revival of power distribution companies) bonds.


What is it? The number of orders Tesla Motors Inc has received for its new Model 3 electric sedan since March 31.

Why is it important? If all these orders were converted into actual purchases, Tesla would earn $10 billion in revenues, which is 2.5 times its revenues last year. But some analysts say the company may find it difficult to ramp up its production to match the orders for its first mass-market car, potentially delaying delivery to customers.

Tell me more: Tesla, which posted net loss of $889 million in 2015, expects to turn profitable by the end of 2016.


What is it? The spectrum usage charges of telecom companies as a percentage of adjusted gross revenues, down from 5% earlier.

Why is it important? This is likely to result in savings of Rs 3,200 crore for telecom companies, which are reeling under massive debts of Rs 3.5 lakh crore on revenues of around Rs 2.2 lakh crore. It remains to be seen if this cut brings down mobile and broadband charges.

Tell me more: The next spectrum auctions are scheduled for July when the government would sell over 2,000 MHz of spectrum across seven frequencies.

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News in Numbers – September 8, 2015

News In Numbers: September 8, 2015


Rs 9,625 crore

The investments in equity mutual funds in August, a 63% increase from July and the 16th consecutive month of inflows, according to the Association of Mutual Funds in India. This is despite Indian share markets having their worst August in four years. Also, Indian equity markets have seen the third-largest outflows in Asia since China devalued its currency last month, with foreign institutional investors pulling out pulling out $3.3 billion. Household ownership in equities , both direct and indirect, has halved in the past 15 years. Just about 2% of Indian households’ total financial assets are invested in stocks, against 35% in the US. A research report by Morgan Stanley estimates that Indian households are likely to invest $300 billion in equities over the next 10 years.


Rs 16,000 crore

The likely cost of implementation of the one rank, one pension programme (OROP) for ex-servicemen in 2015-16, according to an HSBC report, which adds this would “have a significant impact on the fiscal bill”. Japanese brokerage Nomura’s estimates of Rs 10,000 crore for 2015-16 are closer to the government’s calculation (Rs 8,000-10,000 crore). Both HSBC and Nomura say OROP would add to the fiscal burden, though the latter does not expect it to derail the 2015-16 fiscal deficit target of 3.9% of GDP. HSBC says the key determinant will be tax revenue growth. The government maintains it has the “fiscal space” to absorb the OROP expenses without affecting its fiscal deficit target.


$1 billion

The estimated valuation of Zomato Media in April 2015, which yesterday said it had raised $60 million in fresh capital. The restaurant search and review website is planning to deploy half of the funds raised to grow its India business, with the rest for services business in other countries, besides venturing into two new undisclosed markets. The Indian food services industry is expected to reach $78 billion by 2018, while the overall food ordering business was estimated to be around Rs 5,000-6,000 crore in 2014, according to India Brand Equity Foundation. Several food start-ups in India have entered the online ordering space in the last few years, including FoodPanda, JustEat, Tiny Owl and Swiggy.



British scientists have discovered a blood test that determines the “biological age” of a person, rather than the one calculated using the date of birth, to predict the rate of ageing in a person. This test, discovered by a team from King’s College London, compares the behaviour of 150 different genes. Instead of looking at genes associated with diseases or extreme longevity, the researchers found out that the ‘activation’ of 150 genes in blood, brain and muscle tissue signalled good health at 65 years of age. For instance, one might be 50 years old but have a body of a 30-year-old due to a good lifestyle. This research also found that people with lower “healthy age gene scores” had been diagnosed with Alzheimer’s disease.


Rs 1.7 lakh

The price per sq ft of the built-up area of the property that Aditya Birla Group chairman Kumar Mangalam Birla is close to purchasing in Malabar Hill in Mumbai. At a reported price of Rs 425 crore, this will be one of the most expensive residential property deals in the city. Yet, the price per sq ft of the built-up area for this property is slightly lower than the bungalow (Rs 1.9 lakh) purchased by the managing director of an apparel manufacturing company in Central Delhi for Rs 173 crore. On a total area basis, though, the Mumbai house is priced at Rs 1.3 lakh per sq ft, against the Delhi house of Rs 60,637. The iconic Mumbai property, Jatia House, is currently owned by Chem Mach, a company promoted by industrialist Yashvardhan Jatia. is a search engine for public data

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