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News in number - July 10, 2013

$200 million
That's the amount of investment Flipkart, an online retailer, raised from four existing investors today. So far, the investors have put $ 380 million in Flipkart, which has the target of selling goods worth $ 1 billion by 2015. In just concluded quarter till June, private equity firms invested $ 2.3 billion across 82 deals, as per Venture Intelligence estimate.This represents 2.3 times the money invested in January- March quarter. 

In 18 of the 35 states, people in rural areas spent more money on addictive substances (paan, tobacco and alcohol) than on education as per the latest round of the National Sample Survey (NSS). For example, people in rural Gujarat, which has total prohibition, spent Rs 7.49 on education as compared to Rs 16.29 on intoxicants every month. 

Rs 47,360 crore The corporate debt restructuring (CDR) cell of the Reserve Bank of India (RBI) received 27 new cases involving this much amount of credit outstanding in the April- June quarter. Rs 47,360 crore represents around 1% of all non-food credit outstanding by scheduled commercial banks as on June 14, 2013.

€50 billion
is India's market potential to install high-voltage direct current (HVDC) transmission lines over the next 10 years, if we have to avoid the repeat of frequent blackouts, says French-based power equipment maker, Alstom. 

Nine Indian companies - Indian Oil, Reliance Industries, Bharat Petroleum, Hindustan Petroleum, State Bank of India, Tata Motors, Oil & Natural Gas and Tata Steel- have made it to the latest list of Fortune 500. The highest ranked company from the world's fourth largest economy is 88th. 


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