What is it? Number of job offers from Amazon at the Indian Institute of Management, Ahmedabad for the class of 2017.
Why is it important? This makes the e-commerce player the top recruiter at the premier institute, reflecting the growing power of new-age companies, overtaking conventional sector such as FMCG, consulting firms and finance. The second highest number of offers from a single company was 15, from McKinsey & Company.
Tell me more: Even when companies are hit by adverse economic conditions, recruitment at IIM-A remains largely unaffected.
What is it? The world test batting rank of Indian captain, Virat Kohli.
Why is it important? Kohli slipped further one rank after his lacklustre performance in the last four innings, with rating points of 847. At the end of the second test against Australia, he had dropped to the third spot. Earlier, Kohli had to cede the second spot he had occupied to England’s Joe Root. Kohli is 53 rating points ahead of Australia’s David Warner.
Tell me more: The same set of matches, however, helped R Ashwin regain the top spot among allrounders. He replaced Bangladesh’s Shakib Al Hasan and is 31 rating points ahead (with 434 points).
What is it? The amount US chip company, Intel, will pay to buy Israeli tech firm, Mobileye, creators of a driverless technology.
Why is it important? Not only is it the largest purchase of an Israeli high-tech company, but is also the largest acquisition of a company specialising only in driverless technology and anti-collision systems. In the emerging space of driverless assistance, that large tech Silicon Valley companies are already competing in, chip companies are under pressure to consolidate their hold as they are an integral part of it. Intel itself collaborated with the $10.6 billion Mobileye for BMW’s fleet of self-driving test vehicles.
Tell me more: Qualcomm made a $47 billion deal to buy NXP, the biggest automotive chip supplier, to create the largest cluster of sensors, chips, networking needed for autonomous driving.
What is it? Trailing price to earning ratio (P/E ratio) of top five IT companies. P/E ratio is an indicator of investors’ expectation of growth and earnings of a company.
Why is it important? Given IT companies’ high profit margins and revenue growth, it has always been higher than the P/E ratio of the Sensex. Now, Sensex P/E ratio is 22.1. The gap indicates the tough times faced by IT companies because of changes in business, technology and political environment, especially the American president Donald Trump’s stand against outsourcing.
Tell me more: About half a dozen bills have been tabled in the United States congress, arguing that H1B visa programme is stopping American citizens from getting jobs.
What is it? North-east monsoon deficit in Tamil Nadu this season.
Why is it important? The deficit is seen across southern states, and indicates that Tamil Nadu, Kerala, Karnataka, Andhra Pradesh and Telangana are likely to face water shortages in the coming months. The water levels in the reservoirs, especially in Tamil Nadu, are at low levels.
Tell me more: The North East monsoon deficit was -61% in Kerala and -63% coastal Karnataka. South east monsoon deficit stood at -19% in Tamil Nadu, -34% in Kerala and -21% in coastal Karnataka.