Here’s a quick look at all of today’s top business news in numbers!
2010: New real estate launches and sales of residential projects fell lowest level since 2010. Fourth quarter of 2016 saw a 44% drop in sales and 61% drop in new launches of residential projects, a Knight Frank report said. Read more
44,000: 44,000 petrol pumps across 550 have signed up with Paytm to allow cashless payments. Read more
200: Is the number of villages that will train and get on board with consumers and merchants for digital payments. Read more
1 million: Alibaba Executive Chairman meets US President Elect Donald Trump and promised to onboard 1 million small US businesses on its platform as sellers. The promise of new job creation comes at a time when Trump, critical of foreign companies taking away US jobs, is going to take office in about ten days. Read more
16 years: The rate of growth in automobile sales fell to a 16-year low in December in the aftermath of demonetization. Society of Automobile Manufacturers’ Association (SIAM)’s Director General Vishmu Mathur said, “The reason is largely due to the negative consumer sentiment in the market due to demonetization.” Read more
#1: Mercedes-Benz remained the top-selling luxury car brand for a second year in a row, selling over 13,000 units in 2016. This was despite the diesel car ban and demonetization which had withered the optimism of the company. the company had said earlier last yaer that it would be surprising if it crossed last year’s sales numbers as most of the year was wasted due to the Supreme Court ban on 2000cc diesel vehicles in New Delhi and NCR and then on the note ban in November, a PTI report said. Read more
Rs 25,000 crore: This number was in the news today indicating two separate things.
1) Rs 25,000 crore or 15% of all the cash transactions moved to the digital medium after demonetization, a survey done by the Economic Research Department of State Bank of India found. Read more
“This means that Rs 25,000 crore of cash based transactions have moved to digital in the last two months. If this is so, this is a good beginning,” SBI Research said in its Ecowrap report.
2) Rs 25,000 crore cash was deposited in dormant bank accounts in the 50 days after November 8.
29,000: There were two 29,000 in the news too.
1) Gold prices in Mumbai crossed the Rs 29,000 mark, surging to a over one-month high on Tuesday. Gold prices hit Rs 29,030 per 10 grams, tracking strong cues from the global bullion market. Read more
2) Deutsche Bank said the 30-share BSE Sensex may touch 29,000-level by December this year. Read more
5%: Dubai imposed an import duty of 5% on gold and diamond jewellery, in a move that will hurt India’s jewellery exports. However, the upside here is that bridal jewellery demand that usually goes to Dubai because of low prices, may come back to India. Read more