Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Thursday, April 11, 2013

Jindal Steel & Power Limited (JSPL) To Issue Bonds
~~By Pranav Puri
Jindal Steel and Power Limited (JSPL) has decided to fund its expansion plans in steel and power sector by issuing bonds worth Rs.3500 Cr in domestic market, as stated in moneycontrol.com.

JSPL is keen to expand reach in domestic market and hence has lined up huge investment for its Odisha plant, of which it intends to increase capacity from 6 mtpa. Last year too in July JSPL had raised Rs.3,500 Cr from a consortium of lenders for setting up a steel plant in Odisha.

In the recent time JSPL has raised Rs.300 Cr by issuing 3,000 unsecured, redeemable NCDs to HDFC Bank.

In February, JSPL was planning to increase its stake in Australia's Apollo Minerals to 11.70% by acquiring additional 10 Mn shares of the firm for about A$ 0.4 Mn.

Recently JSPL's bid to acquire a majority stake in Gujarat NRE Coke's Australian subsidiary has not been successful, with the company managing to acquire only 31.49% stake at the end of its open offer.

Another steel company Steel Exchange India Ltd. (SEIL) is close to raising funds worth Rs.300 Cr for its pellet plant. Which were to be met through obtaining loans of Rs.200 Cr and the rest to be met by equity infusion by promoters.

In the same space SAIL also was planning to raise $27.83 Mn through 8.70% five-year bonds redeemable in three equal annual installments.

Courtesy: Deal Curry