PoS-itive additions 💳📊

1.4 billion

What is it? The amount e-commerce firm Flipkart raised from eBay, Microsoft and Tencent

Why is it important? It’s the biggest amount raised in a single funding round by an Indian start-up. It came at a pre-money valuation of $10.2 billion, signalling the confidence investors have showed in the company that saw a series of markdowns in the last couple of years. The funding – and acquisition of eBay India, that was a part of the deal – will strengthen Flipkart as it fights its aggressive and better endowed competitor Amazon.

Tell me more: There have also been talks that Snapdeal, the third largest commerce player in the country will be merged with Flipkart, along with additional funding from SoftBank.

 

21%

What is it? The share of the Europe, Middle East, India and Africa (EMEIA) region in the global IPOs (initial public offerings) in first three months of 2017.

Why is it important? India with 26 IPOs accounted for nearly 34% of the region’s activity that ranked it second to Asia-Pacific in IPO numbers. EMEIA ranked third with 15% share in global proceeds, behind Asia-Pacific and the Americas.

Tell me more: The EMEIA region had 77 IPOs, raising $5.2 billion in all in Jan-Mar, 2017.

 

>2.5 million

What is it? The number of point-of-sale (PoS) machines at merchant establishments/shops.

Why is it important? PoS machine availability in India trails that of BRIC nations such as Brazil and China where per capita PoS availability for swiping plastic money is higher. Demonetisation had brought the scarcity into focus as people had to do less cash transactions. The numbers inched from 1.5 million swipe machines in October, 2016, to 1.7 million in December, 2.2 million in February, 2017, to over 2.5 million now. SBI has led with installation of 124,000 machines.

Tell me more: The count, shared by a National Payments Corporation of India official, is a little less than Niti Aayog’s estimate of 2.8 million PoS machines in February.

 

17 days

What is it? The time the UK-to-China freight train would take to reach its destination in Zhejiang, travelling along the ancient ‘Silk Road’ route.

Why is it important? The time taken by the train between the two countries, spanning a route along seven other countries, is still half the duration at sea. It is also cheaper than sending goods by air. While the train had brought household items, clothes, and consumer fashion goods from China, it is transporting soft drinks, baby products and pharmaceuticals on the maiden return journey.

Tell me more: Chinese premier, Xi Jinping’s 2013 “One Belt, One Road” policy to revive land-routes for trading with the West, has made London the 15th European city with a direct rail connection.

 

$50.9 billion

What is it? Tesla’s market cap at the end of trading on Monday

Why is it important? It is now the most valued car company in the US, beating General Motors, the 108 year old giant, by 64 million dollars. Tesla’s position is seen more as a reflection of investors’ faith in Elon Musk’s vision for the future of electric cars, than the present financials of the companies. GM earned $9 billion in 2016, and Teslalost $674 million. GM sold nearly 10 million vehicles, and Tesla sold 80,000 globally.

Tell me more: Toyota, with its  $172 billion market cap, is the biggest carmaker by market value at present. Volkswagen, with a sale of 10.31 million vehicles in 2016, is the largest carmaker by sales volume, closely followed by Toyota.

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News in Numbers, Feb 10, 2017: How safe are your debit cards?

3.2 million

 

What is it? Bank customers whose debit card data was stolen in 2016 due to the hacking of Hitachi Payment Services that manages ATMs of certain banks.

 

Why is it important? While millions of users were stricken between May and July of 2016 and had their money stolen, Hitachi Payments only now admitted on Thursday it still does not know the amount of user data compromised. The hacking, detected in September, led to an audit of Hitachi Payments, whose ATMs for banks like ICICI Bank, Yes Bank, Axis Bank, HDFC Bank, SBI were affected the most.

 

Tell me more: The audit results, now out, by SISA Information Security and commissioned by the National Payments Corporation of India (NPCI), tells of a sophisticated malware that concealed its tracks and was able to delete them. Hitachi in its admission says containment measures have been deployed.

 

 

113%

 

What is it? The productivity of the Lok Sabha in the first phase of the Budget session for 2017.

 

Why is it important? The phase which saw the Specified Bank Notes (Cessation of Liabilities) Bill or the bill on demonetisation, along with others such as the Finance Bill, Payment of Wages (Amendment) Bill, passed, saw the Lok Sabha accomplish 13% more work than scheduled. This was less than the first phase productivity of 2016’s Budget session (123%). While the data was shared by the Parliamentary affairs minister Ananth Kumar, it reiterates a study by think-tank PRS Legislative Research which showed having a majority in the lower house helped keep up Budget session productivity levels for this government. While productivity hovered between 49-89% in 2010-2013 Budget sessions, 2014 onwards, it was at 103-121%.

 

Tell me more: Rajya Sabha productivity in the first phase of the ongoing session was 97%.

 

 

>3 million

 

What is it? The number of people forced from their homes by the civil war going on in South Sudan, the world’s youngest country.

 

Why is it important? The United Nations now says the fighting between the government and rebel forces is reaching “worrying proportions”. Aid workers have had to be evacuated and military supplies and reinforcements find their way to the country.

 

Tell me more: South Sudan’s brief history has been fraught with the ongoing civil war leading to a humanitarian crisis, rife with displacement and food insecurity. A tentative peace agreement struck in 2015 is still to be acted upon.

 

 

$ 250 billion

 

What is it? The amount analysts expect India to spend on defense modernisation over the next 10 years

 

Why is it important? With this large budget, it hopes to get manufacturers shift their production facilities to India, boosting its Make in India campaign. Its deal with Lockheed Martin to make its F-16 combat jets in India was in this direction. However, the defense firm has now said US government under Trump might take a fresh look at the deal, which could be a setback for Make in India efforts.
Tell me more: One of the key campaign promises of Donald Trump was to bring back jobs to America, and the indications are that he will try protectionist measures to achieve that.

 

 

2 million

 

What is it? The number of users Twitter added in the last quarter of 2016. It now has 319 million monthly active users.

 

Why is it important? In contrast, Facebook, its rival in the social media space, added 72 million users. It came during the height of American presidential campaign, with Donald Trump making his most impactful statements on Twitter. The user growth, as well as the merely 1% increase in quarterly revenues hammered the stock price down by 11%.

 

Tell me more: Despite this, Twitter suggested its users are getting more addicted to the platform pointed to the growth (11% quarter on quarter) in daily active user numbers.

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