BackNews in numbers | Icra projects 4.6% drop in sugar production in 2014-15
Jet Airways, IndiGo, SpiceJet fined for fixing fuel surcharges in cargo transport; 11 sugar stocks hit upper circuit on BSE
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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 (CCI) imposed fines of ₹ 9,886 crore, of which it recovered ₹ 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 Airways, 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 ( ₹ 630 crore), against 14 car manufacturers ( ₹ 2,545 crore) and 11 cement majors ( ₹ 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. 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? The share of mobile phones 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 and 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 have 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 as of October 2015, were using internet on a daily basis, a 60℅ jump over last year.
11
What is it? The number of sugar stocks that hit the upper price band in trading on 17 November 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, and 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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