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.

Sunday, May 05, 2013

Suzlon Plans To Raise $400 Through Non-core Assets Sale
Those who have invested in the scrip of Suzlon Energy Ltd (CMP: Rs.14.18), should remain invested and if possible increase their holdings........The sale of non--core assets, plus interest rate waiver and reduction in the interest rate, will work as magic for the company. Just wait and watch, how the scrip flies within the next few weeks.
Mumbai, May 5:  The world’s fifth largest wind turbine maker Suzlon Energy is planning to raise up to $400 million by selling 15 of its non-core assets to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said.

Earlier, the company was planning to raise $100 million.

“We have identified 15 non-core assets, mostly in overseas markets like China, US, etc, which we plan to sell in the next 12-18 months in a phased manner. We expect to realise nearly $300-400 million through the sale process,” Chief Financial Officer Kirti Vagadia told PTI here.

Stake sale

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 million or Rs 338 crore.

He also said the entire proceeds from these planned sales will be used for debt reduction.

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

“We are also looking at selling some of our components manufacturing facilities in the country,” he said, adding, “We will outsource such products to ensure cost reduction.”

This is a part of Suzlon’s cost-cutting and debt reduction programme, Vagadia added.

Debt revamp

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 per cent.

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.