Here’s some of the Interesting stuff I came across in the Stock Markets and in general last week!
It took five years to sell the first million electric cars. In 2018, it took only six months. (Visual Capitalist)
E-commerce logistics startup Delhivery in March 2019 month catapulted to the hallowed unicorn club with the valuation hitting around $1.5-billion mark after it raised around $400 million from SoftBank, Carlyle Group and Chinese conglomerate Fosun. While the rise of Delhivery has been quite spectacular since its beginning in 2011 to become India’s first unicorn in logistics technology space, but it would leave room big enough, unlike e-commerce, food markets, etc., for other startups including Ecom Express, Xpressbees, etc. in the e-commerce logistics space to have a piece of the pie. (Financial Express)
Military Expenditure as a % of GDP (Alpha Invesco) –
India becomes a Space Superpower! (CNBC TV 18)
Trivia on Asian Paints (Nilesh Shah’s Twitter Handle)
India tops this List!
Rise of Electric Vehicles! (Visual Capitalist)
Who has the most Oil? (Visual Capitalist)
Proud to see India be in the top!
Incorporated in 2000 out of the department of telecommunications, Bharat Sanchar Nigam Ltd (BSNL), once a number two mobile player, is now an ailing unit with a mammoth 1.76 lakh employees. From a profit of Rs 10,000 crore around 2005, it recorded a loss of Rs 8,000 crore last year. (DNA India)
Hong Kong plans to build one of the world’s largest artificial islands with an eye-watering $79 billion price tag, city officials announced.
The government’s HK$624 billion proposals to reclaim 1,000 hectares (2,471 acres) of land around the territory’s largest island, Lantau, has been touted as a solution to the pressing housing shortage in the city, which is notorious as one of the least affordable markets on the planet. (Hindustan Times)
Less than 12% of the Fortune 500 companies in 1955 are still on the Fortune 500 list today.
Last year China churned out four new billionaires every week, with technology being the biggest driver of new wealth, followed by real estate, according to the Hurun Report.
Mumbai has 2000 KM of Road. New Delhi has 28000 KM of Road. Yet Mumbai’s car density 5 times that of Delhi (Times of India)
Mindtree became the first Indian venture capital-backed IT services company to go all the way from an idea to an IPO. But along the way, it was one of the rarest companies in the world that had given away 16.67% of its equity to its own people. The sheer value of that shared wealth, in today’s terms, is worth more than USD 320 million. (Mindtree Founder Subroto Bagchi letter to employees)
When Levi Strauss died childless in 1902, the bulk of his $6 million estate, worth $175 million in today’s dollars, passed to his four nephews and other relatives. Just over a century later, some of his descendants are now worth about $5.6 billion, fueled by Levi Strauss & Co.’s first day of public trading in more than three decades on Thursday. (Bloomberg)
Proud to be a Punekar –
A Pune-based IT firm is developing software for the world’s largest ground-based telescope, the Thirty Metre Telescope (TMT), which is likely to come up on Mauna Kea in Hawaii.
The telescope is being constructed jointly by India, US, China, Japan, and Canada and is likely to become operational in the mid-2020s. India is building the telescope’s complex optical structure, called the Segment Support Assembly (SSA), which will comprise 492 hexagonal mirror segments, collectively forming the primary mirror.
An eight-member team at the IT firm, ThoughtWorks, is designing three different software — Common Software Services (CSS), Data Management Services(DMS) and Executive Software (ES) — to deal with the control systems to manoeuvre the telescope and manage the big data that will be generated once it becomes operational. (Indian Express)
Hope you liked the article, Come back next week for more! -Aditya Kondawar