What is it? The amount Wal-Mart Stores Inc. is reportedly looking to invest in India’s largest e-commerce firm Flipkart for a minority stake.
Why is it important? This would help Wal-Mart, which now only operates wholesale outlets in the country, to get exposure to India’s e-commerce market. This would most likely get Flipkart a long-term investor and enable its access to funds, which it has been trying to raise for sometime now to fend off competition from cash-rich Amazon India as it threatens to dislodge it from the top position.
Tell me more: Flipkart was recently valued at $16 billion, according to research firm CB Insights.
What is it? The number of people who have been identified to have links with the downing of Malaysia Airlines flight MH17 in July 2014, according to an international criminal investigation.
Why is it important? The international prosecutors have said that the flight had been shot down by a missile from a launcher brought into Ukraine from Russia and fired from a village under the control of pro-Russian rebels. Investigations are on to determine who gave the orders to smuggle the rocket and shoot down the MH17 and if it was done intentionally. Russia has rejected the prosecution’s conclusions and described them as “biased" and “politically motivated".
Tell me more: There were 298 people on board and all of them were killed.
Rs50,000 per share
What is it? The high that the share price of tyre maker MRF hit on the Bombay Stock Exchange (BSE) Wednesday.
Why is it important? It became the first publicly-held private company to hit the Rs50,000 mark on the bourses becoming the most expensive stock in India in terms of share price. Two government-run companies had crossed this level: MMTC and Orissa Mineral in 2007 and 2010, respectively. Its price to earnings ratio, however, is just about 10.
Tell me more: Eicher Motors (Rs25,741.8), Bosch (Rs23,209.6), Shree Cement (Rs16,843.1) and Page Industries (Rs15,333.7) round up the top five most expensive stocks in terms of share price.
What is it? The number of sexual harassment complaints filed in the Nifty 50 companies in year ended 31 March 2016.
Why is it important? This is up by 26% from last year, and underlines the extent of the issue in India’s top companies, and possibly increased awareness about the process of redressal. Companies have been trying to make workplaces safer for women, thanks to regulations and also the need to attract and retain talent. Interestingly, women participation in India’s workforce dropped from 35% in 2004 to 25% in 2011, even as the economy grew at a rate of 7% during these years.
Tell me more: 80% of the complaints were in IT and banking companies, with Wipro, ICICI Bank and Infosys leading the list.
What is it? Estimated net worth of US Republican presidential nominee Donald Trump, according to Forbes magazine
Why is it important? Trump hasn’t disclosed his tax returns, breaking a long tradition among US presidential contenders, and hence the exact details of his wealth are not known. This came into question during the first debate between Hillary Clinton and Trump earlier this week, and the demand to disclose is likely to intensify in the coming weeks.
Tell me more: Trump is reported to have $650 million in debt, which could create conflicts of interest if he wins the election.
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