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Business News/ Tech-news / News/  News in numbers | Apple shipped 800,000 smartphones in India in June quarter
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News in numbers | Apple shipped 800,000 smartphones in India in June quarter

In other news, over 300 dead, lakhs displaced due to floods across India

Apple’s loss seems to have been the gain of Android phones, whose shipments increased by over 28% to 29.8 million in the second quarter of 2016. Photo: Bloomberg Premium
Apple’s loss seems to have been the gain of Android phones, whose shipments increased by over 28% to 29.8 million in the second quarter of 2016. Photo: Bloomberg

800,000

What is it? The number of smartphones Apple shipped in India in the April-June quarter this year, according to a report.

Why is it important? This is a third lower than the 1.2 million smartphones the company shipped in the same period last year. These numbers do not look good at a time when Apple is betting big on India, even as its sales in China (its second-largest market after the US) have slowed recently. The Indian government relaxed some foreign direct investment norms a couple of months ago, where Apple was seen as one of the beneficiaries.

Tell me more: Apple’s loss seems to have been the gain of Android phones, whose shipments increased by over 28% to 29.8 million in the second quarter of 2016.

19 crore

What is it? The average overall pay package of the chief executive officers (CEOs) of 20 of the 24 private sector companies listed on BSE Sensex in 2015-16. The other four are yet to disclose this information.

Why is it important? This is almost double the average CEO salary of 9.9 crore in 2013-14 and a 35% hike from 2014-15’s average. This came during a year when the combined net loss of 11 BSE Sensex companies was 33,905 crore, which far exceeded the cumulative net profit of 16 firms ( 23,525 crore) on this index. The three other firms posted a dramatic turnaround last financial year.

Tell me more: Of the six public sector companies on the BSE Sensex, details of only one firm was available, that of the chairperson of the State Bank of India, which was just 31.1 lakh.

13,500 crore

What is it? The amount the government hopes to raise from public sector units (PSUs) buying back their shares in the next couple of months.

Why is it important? With the government having already garnered 3,183 crore from stake sale in hydropower generation firm NHPC, employee subscription in Indian Oil Corporation and disinvestment in power utility firm NTPC in 2016-17, this is likely to take the total amount raised through this route to over 16,000 crore—around 44% of the target the government has set from minority stake sale in PSUs this financial year. After missing its disinvestment targets for the sixth year in a row last year, these buybacks could help the government achieve its target of 56,500 crore in 2016-17 (with 36,000 crore expected from minority stake sales and 20,500 crore from strategic stake sales).

Tell me more: In June, the government asked PSUs with a net worth of at least 2,000 crore and cash balance of over 1,000 crore to buy back their shares from the stock markets. A central public sector enterprise can seek to be an exception based on its financials and mentioning its capital expenditure plans.

>300

What is it? The number of people who have died in different states such as Bihar, Assam and Uttarakhand due to floods in recent weeks. Lakhs of them have been displaced.

Why is it important? Floods are an almost annual affair in the country during monsoon, which account for around 70% of India’s yearly rainfall. These occurrences are mainly a result of poor drainage systems in urban areas with haphazard construction activities without due consideration to the hydrology of an area. In rural areas, the reasons include bad policy decisions, climate change and man-made problems such as deforestation.

Tell me more: According to a 2015 United Nations report, India’s annual economic losses due to disasters is $9.8 billion, of which floods account for over $7 billion.

1,200

What is it? The proposed upper limit fee for issue of driving licences, up from 320.

Why is it important? This is part of the proposed amendments to the Central Motor Vehicle Rules 1989, which is likely to make driving (any vehicle) more expensive. The charges for conducting a driving test is likely to increase to 300 from 50, while that for a twin-test (two-wheeler and four-wheeler) could be hiked to 600 from 50.

Tell me more: The other increases include hike in the cost of issuing smart-card driving licence, learner’s driving licence, international driving permit and introduction of fees for applying for changing details (such as residential address) in the licences. The states are allowed to levy additional fees for automation, technology and value-added services.

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Published: 08 Aug 2016, 03:02 PM IST
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