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MOSL: Morning India (7/May/20): 1. EcoScope (Understanding the Indian economy through districts); 2. Persistent Systems; 3. Utilities; 4. Oil & Gas

Morning India (7/May/20):

Today’s top research Idea
EcoScope: Understanding the Indian economy through districts
** Since mid-Apr'20, the government announced Lockdown 2.0 ending May 3, 2020, India's landscape has been divided into three zones - Red, Orange, and Green - based on the concentration of Coronavirus (COVID-19) cases.

** The number of districts per zone stood at 130 (Red), 284 (Orange), and 319 (Green), accounting for 18%, 39%, and 43%, respectively, of the 733 districts in the country. The division of population in these three zones confirms the Orange zone accounts for 44% of India's population, followed by 32% in the Red zone, and the remaining 24% in the Green zone. Red zone houses 38% of banks' reporting offices in the country and more than 70% of SCBs' credit is owed to the borrowers in the Red zone.

** The Orange zone accounts for another 21% of credit, while ~40% of reporting offices are in the Orange zone. Just about 8% of credit is owed to the Green zone. As for employment, orange zone accounts for 41% of India's employed population

Piping hot news
Vedanta’s sale of $1 billion oil unit stake stalls
Vedanta Ltd.’s plans to sell a minority stake in its Indian oil unit have stalled after a collapse in crude prices, according to people familiar with the matter. The Mumbai-listed company, backed by tycoon Anil Agarwal, was seeking to raise more than $1 billion by selling at least 20% of its Cairn Oil & Gas business, the people said.