News in numbers, Nov 11, 2015: India eases FDI norms, InterGlobe Aviation’s market cap…

15

 

What is it? Number of sectors in which the Indian government has relaxed the limits on foreign direct investment (FDI).

Why is it important? Increasing foreign investment limit and doing away with requirement to get prior government permission will help bring foreign capital into India.  

Tell me more: The norms include allowing foreign investment under the automatic route with caps in sectors such as defence, removing restrictions in sectors such as construction and single-brand retail and increase in the limit of foreign investments which need to permission from the Foreign Investment Promotion Board. Some of the sectors where FDI is prohibited under the government route as well as the automatic route are: atomic energy, lottery business, certain agricultural activities, gambling and betting, and the business of chit fund.

 

194,158 units

What is it? Car sales in October, according to data put out by the Society of Indian Automobile Manufacturers (SIAM), which grew 22% from 159,408 units in October last year.

Why is it important? Car sales is seen as a proxy for economic growth. And, this is the highest monthly year-on-year increase in sales in 4.5 years. Also, this is the 12 straight month of increase in car sales after a few years of muted demand, backed by easing of interest rates, lower fuel prices, the launch of new models and the ongoing festive season. If this trend continues, car manufacturers are likely to be able to increase their capacity utilisation rates, which was at 65% at the industry level in 2014-15.

Tell me more: Motorcycle sales, which are reflective of rural demand, grew only by 6% to 10.7 lakh units in October compared to 10 lakh units in the same month last year.

 

Rs 31,655.52 crore

What is it? Market capitalisation of InterGlobe Aviation, which operates Indigo Airlines, after its trading debut on the Bombay Stock Exchange (BSE).

Why is it important? Shows investor interest in aviation sector’s potential. Also, this can be seen as a sign for a likely revival in the initial public offer market in India. After Coffee Day Enterprises’ shares slumped by 18% on its market debut last week, there were concerns about InterGlobe’s performance but the company managed to make an impressive debut.

Tell me more: InterGlobe Aviation’s stock price went up by as much as 17.5% on Tuesday to close at 14.7% higher than its offer price.

 

1,332

What is it? Number of industrial units, located alongside River Ganga, that have received notices from the Ministry of Environment and Forests for non-compliance of anti-pollution laws.

Why is it important? Industrial pollution accounts for a fifth of wastewater flow into the river, half of it from Uttar Pradesh. The polluting industries are leather, pulp/ paper, sugar and brass. Controlling this pollution is key to clean River Ganga, which supports 40% of India’s population and account for 25% of water resources.  

Tell me more: Cleaning the Ganga is one of the pet projects of Prime Minister Narendra Modi and the Union Cabinet okayed Rs 20,000 crore for this mission earlier this year.

 

30

What is it? Number of minutes before the departure of a train one can book a railway ticket online and at reservation counters, from November 12 onwards. At present, booking can be made only four hours before departure.

Why is it important? Helps during any emergency situation and is a passenger-friendly move. However, given the rush on trains, it remains to be seen if berths/seats would be available to be booked half an hour before a train departs.

Tell me more: Charts for a particular train would be prepared twice – four hours before the departure of a train and again, 30 minutes prior to the departure. The Indian Railways hopes this move would ensure optimum utilisation of train accommodation and an increase in revenue.

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News in numbers, Nov 3, 2015: Coffee Day’s market debut, impact of bridging gender gap…

17.64%

What is it? The first day decline in stock price of Coffee Day Enterprises, which runs India’s largest coffee chain Cafe Coffee Day, post its listing in stock market on Monday.

Why is it important? An indicator that the shares might have been overpriced. Even during the IPO, the offer received muted response from retail and non institutional investors (these two categories were subscribed only upto 90% and 53%, respectively)

Tell me more: It remains to be seen how the other big listing by InterGlobe Aviation (which runs Indigo Airlines) would fare. It will debut later this month. The company raised Rs 3,010 crore in an initial public offering.

 

17%

What is it? India’s share of women’s contribution to the country’s GDP, according to a McKinsey Global Institute report.

Why is it important? It is 20 percentage points lower than the global average of 37%. This shows the extent of efforts India needs to take in order to come closer to gender parity.

Tell me more:  Among Indian states, Mizoram, Meghalaya, Kerala, Goa and Sikkim are the best in terms of gender parity score (GPS) ranging between 0.70 and 0.64. And, these states account only for 4% of Indian working women. Bihar, Jharkhand, Assam, Madhya Pradesh and Uttar Pradesh are the worst in terms of GPS and these account for 32% of the country’s working women population.

 

2.66 lakhs

What is it? The number of cars sold by Indian carmakers in October.

Why is it important? The third highest sales recorded in a month in the history of Indian automotive industry. It’s 22% more than what they sold in October last year. Due to a prolonged economic slowdown, carmakers in India have been struggling with low demand, lesser sales and excess capacity. It remains to be seen if car sales (considered to be a proxy of how well an economy is doing) continues to grow at the same pace or faster after the festive season is over.

Tell me more: October also saw the two-wheeler segment breaking into a double-digit growth with Hero Motocorp and Honda posting their highest ever sales in a month.

 

4.4%

What is it? The percentage drop in net sales of 622 companies in the second quarter of 2015-16 compared to same period last year.

Why is it important? Shows the dominance of oil and gas sector, and the impact of petroleum prices. Excluding the four oil and gas sector majors – Reliance Industries, Cairn India, MRPL and Petronet LNG – the net sales is up 4.9%.

Tell me more: While the net sales came down, profits went up 7.2% during the quarter (and 10.1% when the four oil and gas companies are excluded).

 

Rs 2.57 crore

What is it? The average assets of MLAs who are re-contesting Bihar’s Assembly elections in 2015, according to an analysis by the Association for Democratic Reforms.

Why is it important? This is a nearly threefold jump in five years. It was Rs 86.41 lakh in 2010. Bihar MLAs’ pay package was revised to Rs 1.65 lakh per month in March 2011 and once again 2014 according to reports. But, that doesn’t completely explain the 3 fold increase.
Tell me more: Among the 160 sitting MLAs, the biggest increase in assets is for JD(U) sitting MLA, Poonam Devi Yadav, who is re-contesting from the Khagaria constituency. Her assets increased to Rs 41 crore from Rs 1.8 crore between 2010 and 2015, an increase of over 2,000%. The assets of re-contesting Congress and JD(U) MLAs grew at the fastest rate while those from the Rashtriya Janata Dal had the highest average assets at Rs 3.8 crore in 2015.  

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News in numbers, Oct 29, 2015: Internet freedom in India, AP joins list of drought-hit states…

40

What is it? India’s score in Freedom on the net 2015.     

Why is it important? It improved the score from 42 last year. A reduction in score means more freedom. It’s still tagged ‘partly free’. Of the 65 countries compared by US-based Freedom House, 32 countries have seen their scores coming down. Supreme Court’s decision to strike down Section 66A of the Information Technology Act. Though the apex court upheld Section 69A that allows government to block online content, the safeguards put in place like having a written order explaining why the content is being blocked.

Tell me more.  Score is based on three parameters – obstacles to access (maximum score of 25), limits on content (25), and violations of user rights (40).     

 

1.55

What is it? Oversubscription ratio in InterGlobe Aviation IPO (Initial Public Offer) in two days. Interglobe is the parent company of India’s largest domestic airline Indigo.

Why is it important? This is the largest IPO since 2012. A positive response would indicate increased investor appetite for large issuance of shares by other companies waiting to test the waters. The demand was fuelled mainly by Foreign Institutional Investors who bidded  5 times more than what was allocated under Qualified Institutional Buyers category.              

Tell me more: Demand for individual retail investors was muted with only 19% of shares receiving bids. Today is the last day of the IPO.   

    

Rs 83 crore

What is it? Net profit reported by Jet Airways, a full service airline, in quarter ended September 2015.   

Why is it important? September quarter is considered a lean season. This is the first time in eight years Jet Airways has reported a profit in this quarter. Operating profits was also higher than June quarter, the first time it has happened in five years. A 20% growth in domestic passenger traffic in January – September this year, along with low crude oil prices has helped Jet Airways to turnaround.      

Tell me more? JetLite, the budget airline of Jet Airways, continued to make losses at Rs 50 crore in September quarter.

 

1.8

What is it? The average number of hand luggage an air passenger carry, excluding laptop or handbag, while getting through security check at the Delhi airport.  

Why is it important? Normally only one hand luggage is allowed per passenger excluding a laptop or handbag. More bags means more time to scan the luggage. An ideal scan rate of an X-ray machine is 300 bags per hour or around 12 seconds per bag. But because of increased bags leads to clearing the bags in 5-7 seconds. This pose a clear security risk.   

Tell me more. Delhi airport handled 36.88 million passengers last fiscal, that’s around 101,000 passengers each day.  

 

197

What is it? The number of sub-districts in Andhra Pradesh declared as drought-hit, after two years of deficit monsoon. The southern state is the fifth to declare drought in parts of their state.   

Why is it important? A wide spread drought will impact rural income and rural demand, and would make it difficult to meet government’s GDP growth target of 7.5%.     

Tell me more? Monsoon was 12% deficit in 2015, making it the fourth time in last 115 years where India experienced consecutive deficit monsoon years.Andhra Pradesh received 5.4% less rain this Monsoon.   

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News in Numbers – September 11, 2015

News In Numbers: September 11, 2015

 

Rs 3,300 crore

The amount the perpetrators of Satyam scam have to pay. The latest order by the market regulator in the seven-year-old Satyam scam directs the 10 entities linked to the main accused, B Ramalinga Raju, including his mother, brother and son, to disgorge or give up illegal gains made by them. This is worth Rs 1,800 crore plus an interest of Rs 1,500 crore on the disgorgement amount, which has been levied since January 2009 when Raju confessed to having inflated the accounts of Satyam Computer, the company he founded. In what is known as India’s biggest corporate fraud, a special court under the Central Bureau of Investigation held the founders of Satyam Computer guilty in the Rs 7,000-crore scam and Raju was sentenced to seven years in jail.

 

23,016

Sales of medium and heavy commercial vehicles, an indicator of economic growth, in August. This segment grew 35.29% from the same period a year ago. Plans by the Indian government to make safety features mandatory in commercial vehicles – which might push the price up by 3-5% – seems to have helped this growth. Overall, commercial vehicles registered an increase of 7.58% in August while passenger vehicles grew by only 3.99%. Car sales, which are a reflection of demand and economic growth, rose for the 10th consecutive month but slowed down to 6% on a year-on-year basis.

 

2.8

The multiple by which the net profit of Indigo Airlines jumped in 2014-15 from the previous financial year to post its biggest ever net profit. With revenues of Rs 13,925 crore and net profit of Rs 1,304 crore, Indigo is India’s largest domestic airline by market share (35.8% in July 2015). According to Indigo president Aditya Ghosh, the financial performance is mainly because of low fuel costs, passenger growth and better yields. In 2014-15, the Indian airline industry posted losses of Rs 7,000 crore, despite a 35% drop in jet fuel prices. In contrast, Indigo is the only consistently profitable airline in the country. The airline recently placed an order for 250 A320neo aircraft, Airbus’ largest order by number, at a cost of $26.6 billion (about Rs 1.55 lakh crore). Interglobe Aviation, the company which operates Indigo, is looking to raise more than Rs 2,500 crore in an initial public offering.

 

Rs 600 crore

The amount Tata Motors is looking to earn from supplying buses to the government under the second phase of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Tata Motors earned Rs 100 crore . The company is providing 65% of the total number of buses being rolled out under this scheme. The JNNURM covers 10 projects including the bus rapid transit system, which ran into various problems in different states such as delayed implementation and supply of substandard buses. This July, the Indian government had written to the states saying that it has received information related to the procurement of only 2,228 buses whereas it had released Rs 884.21 crore for 7,509 buses. The centre warned the states that if they did not provide the updated information by August 24, 2015, then it would withdraw the funds already released with interest and cancel the sanctions.

 

3.3 million

The number of Indians who died prematurely in 2013, according to a study published in the British medical journal, The Lancet. The top five avoidable risks associated with health loss and disease burden outlined by the study were: high blood pressure, high blood sugar, household air pollution from solid fuels, unsafe water sources and smoking. Of these, the first three were estimated to cause 7.8%, 5.2% and 4.7% of the total health loss in India in 2013. Based on the death rates India recorded in 2010, the Lancet has estimated that the country would see 9.3 million premature deaths before 70 years of age, at 2030 – and, this would be more than any other country.

 

 

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