Skip to main content

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. 


Popular posts from this blog

Being hopeless....

Three months back when my mom was visiting me, she experience heart palpitations for two consecutive nights. Worried I called my cardiologist friend who asked us to visit him in the government hospital on that day as it was a non-OPD (out patients day) duty for him. Apparently non-OPD days are less crowded. As we sat waiting, we saw many worried parents bringing their just born babies to treat serious heart problems. What struck me were the faces of these parents - a feeling of hopelessness. This was their last hope to treat their infants in a state-run hospital as they don't  have money to take them elsewhere.

Fortunately, the staff at this government hospital were treating patients sympathetically. I hoped the patients would have got the best of treatment available. In comparison, patients were treated as cattle herds at the All India Institute of Medical Sciences (AIIMS), India's premier hospital. To get an cardio OPD appointment, you will have stand in the line from 5 PM …

Happiness, street vendors, and negotiations......

Few days back I was watching a documentary series, "India's Frontier Trains". The three-part series was on trains connecting India with its neighbours - Bangladesh, Pakistan and Nepal. Yes, there is a train connection between India and Nepal, and that train is the only functioning train for the whole of Nepal.

In the episode on the train between India and Bangladesh, the program documented a life of a chocolate seller inside the train. He boards the train in the Bangladesh side of the route. A sole bread winner for a family of four, he earns by selling chocolates in the train.

He faces a perennial problem: because of hot weather conditions, his chocolates melt. In those hot days, his earnings are meager. A basic cooling device like this costs seventeen pounds and he couldn't afford that.

What moved me was the insensitive nature of some passengers in haggling with this struggling chocolate seller. They would force down the price by 10 pence or more (which is more tha…

With no choice and voice….

Last Sunday I took a friend of mine to the emergency gynecology ward in one of Delhi's private mission hospitals. It was a lean day with not much of activity and I was chatting with my friend's husband, it was then I noticed a pregnant women walking in along with two of her relations. They have been referred to this hospital by the nearby government hospital as the private hospital would take better care of her. The reason: the estimated weight of the baby she was carrying was grossly under-weight, measuring only 1.2 kgs even after nine months of pregnancy. She was in great discomfort as her membrane broke, and sat next to me in a wooden bench.
In the meantime, I saw a lady doctor talking angrily out of frustration with relations of this pregnant lady, including her husband. With little knowledge of Hindi, I couldn't follow the conversation. Another friend had come by this time, and also a senior doctor was summoned by the lady doctor who first talked to pregnant lady'…