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 Ltd To Exit Non Core Assets
Suzlon Energy is planning to raise up to $400 Mn by selling 15 of its non-core assets to partly retire the debt of nearly Rs.14,600 Cr, according to ET.

The company, which got a lifeline from its lenders in January with Rs.9,500 Cr debt restructuring, has planned to reduce debt and interest by selling non-core assets and cut its fixed costs by nearly 20%.
The company has already initiated the process to sell stake in its wholly-owned Chinese subsidiary Suzlon Energy Tianjin, through which it will realise $60 Mn and the entire proceeds from these planned sales will go into retire debt.

Suzlon is also planning to sell stake in its forging business SE Forge and selling some of their components manufacturing facilities in the country.

This is a part of Suzlon's cost cutting and debt reduction programme.

The company this March raised $647 Mn in overseas bond sale, which was guaranteed by its lead banker SBI as part of its plan to retire its $650 Mn forex loans.

Late January Suzlon managed a Rs.9,500 Cr CDR out of its Rs.14,568 Cr loans from 19 lenders led by State Bank of India. Following the CDR, 21 banks and other financial institutions would hold 32.1% stakes.

Last year Suzlon Energy Limited has raised 750 Mn Euros for its wholly owned subsidiary RePower Systems SE.

Courtesy: Deal Curry