News in Numbers, Jan 24, 2017: WTO sugars the pill

2/3rd

What is it? Members of the 164-country-strong World Trade Organization’s (WTO) that agreed to permanently waive restrictions on poor countries accessing generic medicines.

Why is it important? It permanently removes hurdles (such as a mandate to primarily supply local markets) for poor WTO members who cannot afford to produce generic medicines. They can now import more affordable version of medicines for HIV/AIDS, tuberculosis and malaria. WTO’s Trade Related Aspects of Intellectual Property (TRIPS) agreement had to be amended for a permanent waiver. Despite their low cost, the demand volume for generics worldwide makes it worth 36% of the global pharma market.

Tell me more: The waiver was in place since 2003, but in a temporary mode, being renewed every two years. The permanent status agreement took 12 years in the making.

 

Rs 3,000 crore

What is it? The MoU investment amount signed by Vodafone with the West Bengal government for capacity increase and other business initiatives in the state for the next three years.

Why is it important? The amount constitutes 1.3% of the Rs 2.35 lakh-crore-investment proposals received by the Mamata Banerjee-led West Bengal government in its Bengal Global Business Summit over the weekend. With over 20 million subscribers in West Bengal and Kolkata, Vodafone would look to consolidate over 10% of its total customer base.

Tell me more: Vodafone has previously invested over Rs 8,400 crorein West Bengal to upgrade its network.

 

35.5%

What is it? The rate of growth of gross premium income of private general (or non-life) insurers in December, 2016 over 2015.

Why is it important? Private general insurers grew faster than public general insurers, underwriting Rs 4,775.35 crore in gross premium income, compared with the latter’s Rs 3524.13 crore, that grew at 17%.

Tell me more: Private non-life insurers are growing faster on a smaller base as they command the smaller half or 42% of the market.

 

9

What is it? The number of people arrested in Kingfisher Airlines loan case on Monday. Those arrested included former managing director of IDBI Bank and former CFO of Kingfisher Airlines.

Why is it important? The loan default by Kingfisher promoter Vijay Mallya and his companies has turned political and the Indian government is under increasing pressure to show that it’s making progress. The public pressure to show visible results has intensified since demonetisation, as the government was seen as being too soft on big businesses and too hard on the common man.

Tell me more: Former IDBI Bank Chairman Yogesh Agarwal, former Kingfisher Airlines CFO A Raghunathan and seven of their colleagues were arrested by the Central Bureau of Investigation.

 

-0.2%

What is it? The day’s fall on Monday for two of Wall Street’s indices:S&P 500 and Nasdaq Composite.

Why is it important? The markets were reacting to President Trump’s protectionist trade moves and Qualcomm’s shares stricken by Apple’s lawsuit. Trump abandoned the 12-nation Trans-Pacific Partnership and is on the verge of renegotiating the North American Free Trade Agreement with Canada and Mexico. The anticipated protectionist measures combined with the embattled Qualcomm’s lawsuit from Apple to bring down indices.

Tell me more: The Dow Jones Industrial Average also inched downby 0.1% on Monday.

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News in numbers, Nov 18, 2015: Tiger Global raises stake in Amazon, people living with HIV…

0.72%

What is it? The percentage of fines imposed by India’s competition regulator of India that it managed to collect, as per its annual report of 2013-14. In absolute terms, the Competition Commission of India imposed fines of Rs 9,886 crore, of which it recovered Rs 72 crore. The remainder is either stuck in appeals or has been stayed.

Why is it important? The regulator, in its six years of existence, has initiated action against prominent names in several sectors. In its latest action on Tuesday, the CCI fined three airlines — Jet, IndiGo and SpiceJet — for colluding to fix fuel surcharge in cargo transport. But seeing the cases through and collecting the amount fined has proven to be elusive.

Tell me more: Some of the other major CCI fines have been against real estate company DLF (Rs 630 crore), against 14 car manufacturers (Rs 2,545 crore) and 11 cement majors (Rs 6,200 crore).

 

 

 

36.9 million

What is it? The number of people worldwide who were living with HIV, of which, 2.6 million were children below the age of 15 years. India had 2.1 million cases in 2013.

Why is it important? On Tuesday, American actor Charlie Sheen, best known for his roles in Wall Street and Two and a Half Men, said in a television interview to NBC that he had been diagnosed HIV-positive four years ago. He also said he had been sexually active after the diagnosis, while maintaining he had disclosed his condition to his partners.

Tell me more: At least 33 states in the US have laws that mandate people infected with HIV to disclose that fact to their sexual partners.

 

0.5%

What is it? The approximate stake bought by US investment fund Tiger Global in global online retailer Amazon in the September quarter.

Why is it important? Tiger Global, one of the most aggressive investors in Internet businesses in India, is the largest investor in Indian retailer Flipkart. In India, Amazon and Flipkart are rivals, and the common presence of Tiger Global will be a source of conversation, possibly consternation. Back in 2014, Myntra was merged into Flipkart at the behest of common investors, one of them being Tiger Global.

Tell me more: As many as 1,284 institutions and mutual funds hold 68% of the shares of Jeff Bezos-controlled Amazon.

 

65%

What is it? Share of mobile phone in the Internet traffic of India, which is thrice the corresponding figure for the US, according to a May 2015 report by venture capital firm Kleiner Perkins Caufield & Byers (KPCB).

Why is it important? It is a measure of where the growth in Internet adoption and usage is coming from in India, and reaffirms why a high Internet penetration number in this decade might be in the realm of the possible. Another report by Internet and Mobile Association of India and IMRB International, released on Tuesday, tipped India to hit 402 million Internet users by December and leapfrog the US as the country with the second-largest Internet user base, after China.

Tell me more: According to the second report, men account for 71% of Internet users in India and women 29%, and that 69% of users were using  

 

11

What is it? The number of sugar stocks that hit the upper price band in trading on Tuesday on the Bombay Stock Exchange, suggesting some sort of a turnaround for a sector reeling under a cash crisis and dues to farmers.

Why is it important? The wide expectation is that sugar production in 2015-16 will be lower than in 2014-15, which will hold prices of this essential commodity, even fuel them. Credit ratings agency ICRA has projected a 4.6% drop in production to 26.8 million tonnes in 2014-15.

Tell me more: In October, the Central government announced a string of measures to help companies and release arrears to farmers.

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