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, October 13, 2013
Some Important Points
(i) Reserve Bank of India (RBI) on Thursday allowed banks to raise funds from global multilateral institutions until 30 November 2013 as long as the money raised is for general banking purposes and not for capital enhancement. This could give a forward push to all the Banking counters.
(ii) The stock market regulator, Securities and Exchange Board of India (Sebi) on Thursday issued draft of guidelines on the setting up of real-estate investment trusts, or REITs. This could bring in new interest in the stocks in the Real Estate space.
(iii) The board of Kavveri Telecom Products in its meeting on 02 February 2011 had allotted 40 lakh equity shares of face value of Rs.10 each for cash at a price of Rs.113 per share on preferential basis.The board has allotted 10 lakh warrants convertible into equity shares, to promoters on preferential basis.Further, the board has allotted 20 lakh warrants convertible into equity shares to strategic investors / non-promoters on preferential basis. The promoters' holding is now around Rs.25.63%, while the holdings of Institutions (29.48 %) and FIIs (15.21 %) have gone up steadily during the last one year. The scrip is now trading at Rs.30.25 which is around one fourth the preference issue price. Meanwhile, during the last couple of years, inflation (CPI) has increased. If we factor that, the preference share price should be valued at around Rs.130-135.
Set up with an initial investment of a modest Rs.10,000 by C. Shivakumar Reddy in 1991, Kavveri Telecom has grown to become a Rs.2 billion company with operations spread across India, Europe and the US. The Bengaluru-based company manufactures antennas and radio frequency (RF) products for the wireless space, primarily catering to the telecom industry and defence forces. The company’s customer list includes original equipment manufacturers like Ericsson, Nokia Siemens Networks, Alcatel-Lucent, Huawei and ZTE, and mobile operators like Vodafone Essar, Bharti airtel, Idea Cellular, Bharat Sanchar Nigam Limited, Reliance Communications and Spice Telecom. Besides manufacturing, the company also provides a wide portfolio of telecom solutions. In 2008, Kavveri Telecom announced the launch of its new subsidiary dedicated to in-building coverage solution projects and services. The subsidiary, Kavveri Telecom Infrastructure Limited (KTIL), has since won several contracts from telecom operators in India. The latest is a 10-year contract for infrastructure rollout on a build-own-operate-lease basis with an Indian telecom operator. The contract was signed in December 2010. The company has also been expanding globally. In the past four years, it has acquired four different RF products and antenna manufacturing companies. Kavveri Telecom has forayed into the 4G technology space by 2-3 years back, by launching a first-of-its-kind product – a linearly polarised CPE antenna – in the North American market. This product has been designed and developed by Kavveri’s Indian research and development department to meet the needs of telecom operators in the North American LTE market, at an investment of Rs.35 million. “After the North American markets, Kavveri Telecom is planning to take this product to Europe, the Middle East and Africa,” says Reddy. Besides telecom, Kavveri’s other growth frontiers include the space and defence sectors. Its presence in these sectors has not been big but it intends to increase its footprint as it expects these to witness good growth in the next seven-eight years.
(iv) Gold premiums in India, the world's biggest buyer of the metal, jumped sharply last week as the festive season began, driving up demand, and supply remained tight on a lack of imports. In case of Manappuram Finance Ltd (Rs.15.10), the price of gold never went below Rs.28, 000 after it rose up from all time low. Hence, we can expect a satisfactory Q2FY14, results. Meanwhile, with the inflation expectation coming down, the RBI could go in for a 25 basis points cut in the repo rates. It is to be understood that the company has very little delinquency, and this time the gold price did not fall much after it rose, from its debris. CLICK HERE and CLICK HERE.