Current Affairs 04 April 2019 Digest 4: Reliance Jio acquires Haptik; Lancet Report on poor food habit
Story 1: Reliance Jio acquires Haptik for Rs 230 crore
India’s telecom company Reliance Jio has acquired chatbot making startup Haptik recently. In the Rs. 700-crore deal, Rs. 230 crore will go for business transfer and Rs. 470 crore will go towards expansion. Reliance Jio acquired 87% stake in Haptik. Haptik Co-founders Aakrit Vaish and Swapan Rajdev and employees will have a minority stake in Reliance Jio.
Highlights of the deal
- Haptik has entered a strategic partnership with Reliance Industries, through its subsidiary Reliance Jio Digital Services Ltd.
- The total transaction size, including primary capital investment, is about INR 700 Crores (100 million USD), with Rs. 230 Cr as the consideration for the initial business transfer from Haptik to Jio.
- The Haptik team will continue to drive the growth of the business, including the enterprise platform as well as digital consumer assistants.
- On a fully diluted basis, RIL will hold about 87% stake in the company, with the rest with Haptik’s founders and employees.
- Chatbot making startup Haptik was born in 2013. Aakrit Vaish and Swapan Rajdev are co-founders.
- For over half a decade Haptik was at the forefront of the Conversational AI revolution in India.
- This platform has cumulatively processed over 2 billion conversations to date.
- Apart from Reliance Jio, Times Internet acquired a majority stake in the company and invested USD 11.2 million into the business.
- Haptik app is a chat-based personal assistant allowing users to set reminders, book a cab or flight tickets, recharge phones, pay utility bills, find places in their vicinity or do a web check-ins.
- It uses artificial intelligence (AI), machine learning to deliver fast, precise results.
Story 2: Poor food habit associated with one in five deaths globally: Lancet Report
The Global Burden of Disease Study published by Lancet on April 3, 2019 explained that our daily diet is more responsible for diseases and deaths than smoking and is now involved in one in five deaths around the world. Global Burden of Disease study was prepared with 15 dietary factors collected from 195 countries.
The study estimates that one in five deaths globally, equivalent to 11 million deaths, are associated with poor diet, and diet contributes to a range of chronic diseases in people around the world.
- In 2017, 11 million deaths and 255 million (234–274) DALYs (disability adjusted life year) were attributable to dietary risk factors.
- High intake of sodium (3 million deaths), low intake of whole grains (3 million deaths) and low intake of fruits (2 million deaths) were the leading dietary risk factors for deaths in many countries.
- The relationship between dietary habits and chronic non-communicable diseases (NCDs) has been extensively investigated.
- Overall in 2017, an estimated 11 million deaths were attributable to poor diet. Diets high in sodium, low in whole grains, and low in fruit together accounted for more than half of all diet-related deaths globally in 2017.
- The causes of these deaths included 10 million deaths from cardiovascular disease, 913,000 cancer deaths, and almost 339,000 deaths from type-2 diabetes.
- Deaths related to diet have increased from 8 million in 1990, largely due to increases in the population and population aging.
Study of 15 dietary elements
The study looked at 15 dietary elements, diets low in fruits, vegetables, legumes, whole grains, nuts and seeds, milk, fibre, calcium, seafood omega-3 fatty acids, polyunsaturated fats, and diets high in red meat, processed meat, sugar-sweetened beverages, trans-fatty acids, and sodium. Intake of vegetables was optimal in central Asia, as was seafood omega-3 fatty acids intake in high-income Asia Pacific, and legume intake in the Caribbean, tropical Latin America, south Asia, western sub-Saharan Africa, and eastern sub-Saharan Africa.
Impact of individual components of diet on mortality
- A small number of dietary risks had a large impact on health outcomes.
- In 2017, more than half of diet-related deaths attributable to high intake of sodium (3 million deaths), low intake of whole grains (3 million deaths), and low intake of fruits (2 million deaths).
- Low intake of whole grains was the leading dietary risk factor for DALYs among men and women and the leading dietary risk factor for mortality among women.
- Sodium ranked first for mortality among men followed by whole grains and fruit.
- Low intake of whole grains was the leading risk for deaths among young adults (aged 25–50 years) and sodium ranked first among older adults.
- High intake of sodium was the leading dietary risk for deaths in China, Japan, and Thailand.
- Low intake of whole grains was the leading dietary risk factor for deaths in the USA, India, Brazil, Pakistan, Nigeria, Russia, Egypt, Germany, Iran, and Turkey.
- In Bangladesh, low intake of fruits was the leading dietary risk associated with deaths.
- In Mexico, low intake of nuts and seeds ranked first for diet-related deaths.
- High consumption of red meat, processed meat, trans fat, and sugar-sweetened beverages were towards the bottom in ranking of dietary risks for deaths for most high-population countries.