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.

Monday, May 06, 2013

Suzlon Energy gains 2% on fund raising plans
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Suzlon Energy Ltd shares gained more than two percent on Monday as the company plans to raise upto USD 400 million by selling 15 of its non-core assets.

With these funds, the world’s fifth largest wind turbine maker will partly retire it's debt pile of nearly Rs 14,600 crore, PTI said quoting a top company official. Earlier, the company was planning to raise USD 100 million.

The company has already initiated the process to sell stake in its wholly owned Chinese subsidiary Suzlon Energy Tianjin, through which it will realise USD 60 million or Rs 338 crore.

Suzlon is also planning to sell stake in its forging business SE Forge.

"This is a part of Suzlon’s cost-cutting and debt reduction programme," Chief Financial Officer Kirti Vagadia said.

The company, which got a lifeline from its lenders in January with Rs 9,500-crore debt restructuring, has embarked on a plan to reduce debt and interest by selling non-core assets and cut its fixed costs by nearly 20 percent.

As part of this strategy, the Pune-based company has so far laid off 750 jobs in its German subsidiary REpower. The company has a total workforce of around 13,000 across 32 geographies.

At 09:34 hours IST, the stock was quoting at Rs 14.49, up 2.19 percent on Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 3,030.75 crore.


(With inputs from PTI)

Courtesy: Moneycontrol.com