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, October 21, 2013

Tulip Telecom Ltd: Annual Report For FY13
In case of Tulip Telecom Ltd (Rs.7,71), its flagship Data Center commenced operation only in 4QFY12 against earlier guidance / project of 3QFY12. This has probably brought in some trouble in the company in the short term. 

Last year (CY12) Tulip Telecom Ltd booked orders worth Rs.6 bn (Rs.600 Cr) for 5 years for 30,000 sq ft. The company has achieved financial closure for its funding requirement of Rs.5bn over a 3-year period. It has already got visibility of ~40% of usable capacity. Tulip Telecom Ltd's Fibre segment is enabling higher wallet share per customer driven by expanded product and service offerings. Therefore, the key triggers for the stock would be: 
  • Stake sale in data center subsidiary. It debt increased during the last couple of years, basically, due ongoing expansion in both NLD & Data Centre space.
  • Higher-than-expected growth in business. Till February, 2012, its order book was whopping Rs.2700 Crores.
  • Besides, the the reduction in capex from FY14, an expected lower interest rate in the coming quarters and restructuring of its loans is likely to provide the much needed cushion on interest burden going forward and improve return ratios.
Also, with the improved outlook in the Indian Telecom,  the cash flow from the going concern is expected to improve considerably in the coming quarters.