News in numbers, Apr 15, 2016: VC & PE investments in startups, India’s remittances…

$1.15 billion

What is it? Venture capital and private equity investments in Indian startups in the January-March quarter of 2016.

Why is it important? This is the second consecutive fall in startup investments, indicating continued investor caution. The number of startup deals fell by 4% to 116 possibly on concerns over startups’ business models, valuation and economic slowdown.

Tell me more: The data by KPMG and CB Insights show that startups received investments worth $2.9 billion in the July-September quarter of 2015, which declined by 48% to $1.5 billion in the three months to December last year.

$68.9 billion

What is it? The remittances to India in 2015, according to World Bank.

Why is it important? They declined by nearly $1 billion (2.1%) from 2014, the first drop since 2009 during global financial crisis. Last year’s decline came on the back of low oil prices in the Middle Eastern countries, a major remittance-generating source for India. However, India retained its top spot in inward remittances.

Tell me more: After India, China and Philippines topped the list of remittance-receiving countries with $64 billion and $28 billion respectively. Mexico with $25 billion and Nigeria with $21 billion in remittances came in at the fourth and fifth positions respectively.

130

What is it? The number of people who died due to heatwaves this year.

Why is it important? It might get worse, with the weather department warning eight states of facing heatwave conditions in the next two days. Telengana and Andhra Pradesh, which had reported over 2,000 deaths due to heatwave conditions last year, are likely to see maximum temperatures increasing by 1-2 degree celsius in the next 2-3 days.

Tell me more: As many as 100 people have died due to heatwave conditions in Andhra Pradesh and Telengana and 30 in Odisha. Maximum temperatures are expected to increase by 2-4 degree Celsius over the north-western plains, 2-3 degree Celsius over central India and 1-2 degree Celsius over west India.

68%

What is it? The share of companies in which investors got better returns (on the shares allotted to them during the IPO) on the day of the listing rather compared to a year later. This corresponds to 198 companies of 292 analysed.

Why is it important? As many as 71 stocks closed lower on the listing day and declined further in one year from listing. Indicates that promoters tend to price their public issues with little or no room for growth, and might reduce appetite for IPOs.

Tell me more: Over 30% of the companies analysed eroded more than 50% of their offer price within one year of listing. The study included IPOs launched in the last 10 years and have completed at least a year since listing.

3 lakh

What is it? The number of rural habitations, nearly a fifth of the total, that have less than the prescribed norm of 40 litres per capita per day of safe drinking water.

Why is it important? The primary reason for lack of adequate supply of safe water is reportedly due to delay in over 3,000 drinking water schemes, some of them which are over 5-10 years old.

Tell me more: There are 66,093 rural habitations where drinking water is contaminated. According to World Bank estimates, 21% of communicable diseases are related to unsafe water and diarrhoea alone causes over 1,600 deaths everyday.

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News In Numbers – August 11

News In Numbers: August 11

 

 

17.5%

The growth of car sales in July, the ninth consecutive monthly increase. This indicates an improvement in consumer sentiment in the auto sector, which is often seen as a proxy for how well an economy is doing. However, motorcycle sales, an indicator of rural demand, fell 6.4%, due to last year’s delayed and deficient rainfall, and this year’s unseasonal rains. The Society of Indian Automobile Manufacturers (SIAM), the nodal industry grouping, expects demand to revive in the coming festive season, provided there are no unseasonal rains. The weather department has said that rainfall during August to September is likely to be below normal, with a probability of 86%. This will worry Indian carmakers, who operated at only 65% of their total capacity in 2014-15.

 

24

The number of weeks a woman may be eligible for maternity leave, if the government acts on a proposal under consideration. Under the Maternity Benefit Act, 1961, a working woman is eligible to take 12 weeks of maternity leave, of which half can be taken before the expected delivery date. Going beyond the statutory norms, e-commerce major Flipkart had announced an extended maternity leave of 24 weeks, besides four months of flexible working hours with full pay and, if required, one-year break from work without pay. In some central European countries, the standard duration for maternity leave is three years.

 

5

The number of state power distribution utilities (all four in Gujarat and one in Punjab) that have an ‘A+’ rating, the highest grade to assess them on various parameters like financial performance and reform measures. Of the 40 utilities, two are in ‘A’ category, 23 in ‘B+/B’ and 10 utilities in ‘C+/C’. These ratings help banks and financial institutions assess risk while lending to these utilities. Indian state electricity boards, which have undergone several rounds of financial restructuring, have a total debt of Rs 3,04,000 crore. The Reserve Bank of India, in a May report, had warned that state governments “should not make debt restructuring of power utilities a perpetual feature” as it affects the stability of state finances. Elsewhere, Indian banks are reeling under the stress of bad loans and the power sector is a main factor for this; in a June report, the central bank said seven state electricity boards owed Rs 53,000 crore to banks, which had a very high probability of turning bad in the quarter ending September.

 

66,761

The number of rural habitations where one or more drinking water sources are contaminated and are yet to be provided with safe drinking water, as on April 1, 2015. Of these, nearly one-fifth are affected by fluoride and 2.7% by arsenic. Although India missed its internal targets set under the 11th five-year plan (2007-12) and had achieved about 80% of its targets under the 12th five-year plan up to August 2014, the government says it is way ahead of the targets set for 2015 under the United Nations Millennium Development Goals: over 95% of rural habitations were either fully or partially provided with safe drinking water. However, a study done on a small sample size by Pratham Education Foundation, Montreal University and Harvard Center for Population and Development Studies between May and October 2013 found that 42% of urban and 60% of rural households were receiving contaminated water.

 

Rs 90,000 crore

The annual size of the organised pharmaceutical retail market in India as of July 31. Cumulative sales in July 2015 grew about 13% to Rs 8,328 crore over July last year, with the main drivers being the diabetes, dermatology and urology segments. Domestic companies grew at 12.6% in July, a slower pace when compared to multinational companies, which grew at 13.8%. A report by the India Brand Equity Foundation pegs the expected per capita sales of pharmaceuticals at $23 for 2015 and $27 for 2016.

 

 

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