News In Numbers: July 12
You do the math. Over 7.5 million downloads and average time spent 43 minutes – in the US alone – since its launch last week.
Meanwhile, we promise that we will continue to work hard to summarise the most important perspectives around five most interesting numbers everyday – so you can save a few minutes and use them on something you love.
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Rs 9,300 crore
What is it? Nirma’s buy price for LafargeHolcim’s India cement making and processing assets
Why is it important? This would help LafargeHolcim, the world’s largest cement producer, reduce debt amidst lower demand for cement in some markets including India. It would also help the company comply with some competition rules in India, ahead of Holcim – Lafarge SA’s global merger. As for Nirma, detergent and soap maker, this would help the group establish itself as a commodity conglomerate.
Tell me more: The deal includes three cement plants and two processing facilities with a total capacity of around 11 million tonnes per annum. LafargeHolcim will continue to operate in India through its subsidiaries ACC and Ambuja Cements.
Rs 180.36 crore
What is it? The box-office collections of the Hindi movie ‘Sultan’ starring Salman Khan and Anushka Sharma, in five days since it hit the screens on Wednesday (a pre-Eid release).
Why is it important? Salman Khan’s box-office collections seem to be immune to (or aided by) controversies he gets embroiled in. Most recently, he was criticised for a trivialised reference to rape. The movie is likely to be the third movie to earn over Rs 200 crore, joining the list of other Salman-Khan movies ‘Bajrangi Bhaijaan’ and ‘Kick’. It has not only been the biggest opener this year but also, overtaken the lifetime earnings of other 2016 releases including ‘Airlift’ and ‘Housefull 3’.
Tell me more: The movie, a Yash Raj Films production, is a sports-drama film and features the actors as wrestlers.
Why is it important? The court’s timings are until 4 pm but on aspecial request by one of the advocates who is defending two of the accused, the apex court agreed to have fixed timings and long hearings to avoid piecemeal hearings and enable delivery of speedy justice. Usually, the three judges hearing the appeals do not sit together but assemble only when the Chief Justice of India constitutes it and there is no fixed time frame for that.
Tell me more: The four accused were awarded death sentence by a trial court in September 2013, which the Delhi High Court upheld six months later. The convicts then moved the Supreme Court in 2014, which stayed their execution. The prime accused was found dead in Tihar Jail in March 2013.
Rs 2000 crore
What is it? The amount Housing Development Finance Corp. Ltd (HDFC) wants to raise by issuing masala bonds. A masala bond is a rupee-denominated bond sold overseas.
Why is it important? HDFC is the first Indian business to issue this category of bonds, since Reserve Bank issued its guidelines last year. It would help HDFC diversify its source of funds, while eliminating currency risks associated with issuing bonds overseas.
Tell me more: A bunch of other companies including NTPC Ltd, Shriram Transport Finance Co. Ltd and Dewan Housing Finance Corp.Ltd. have plans to launch masala bonds, but pricing could be an issue.
What is it? The average time spent on Pokemon Go, augmented reality mobile game, by US Android users
Why is it important? That’s 15 minutes more than the time spent on WhatsApp, the app that people spent most time on till the launch of Pokemon Go last week. It comes at a time when tech majors such as Google, Facebook and Twitter are fighting for users time.