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 06, 2013

Strong growth expected for IT firms like TCS, Infosys and Wipro in Q2: Analysts
MUMBAI: Big IT firms such as TCS, InfosysBSE -0.77 % and Wipro are expected to announce strong earnings for the July- September quarter, helped by a steep decline of the rupee against the US dollar and improved demand for outsourcing services, say analysts.

They also expect strong volume growth for companies, supported by the improving demand scenario.

"Volumes for the top 4 companies are expected to rise by 2.5-4 per cent, organically. Margins are expected to improve quarter-on-quarter, largely on the back of rupee depreciation. This is despite salary increments (in select cases)," Kotak Securities Head of Private Client Group Research Dipen Shah said in a report.

Infosys will kick-off the quarterly earnings seasons on October 11, followed by Tata Consultancy ServicesBSE 0.44 % on October 15 and HCL TechnologiesBSE -0.75 % on October 17. Wipro is yet to announce the date for second quarter financial results.

The July-September quarter has been volatile, with the rupee depreciating about 11 per cent Q-o-Q against the dollar, on an average basis.

According to analysts, while 1 per cent drop in exchange rate boosts operating margins of top exporters by over 30-35 basis points, the extent of benefit depends upon the companies' hedging policies.

A report by Angel Broking said the revenue growth in rupee terms is expected to be in the range of 13.5-16.5 per cent Q-o-Q for tier-I IT companies.

IDBI Capital said in its results preview: "We expect volume growth to pick up in Q2 against the backdrop of modest acceleration in US economy along with improvement in decision making cycle. We forecast 2.2-5 per cent US dollar revenue growth for Top-5 IT companies in Q2."

Traditionally, Q2 is good for IT companies because of the strong budget flush that happens before close of the annual capex cycle by clients. IT companies are expected to witness budget flush from clients on discretionary, operational and capital spending.

"For tier-II companies, we expect volume growth to be modest at 2.0-5.5 per cent Q-o-Q...dollar revenue growth is expected to be 1.5-5 per cent Q-o-Q," Angel Broking said.

It added that with the rupee depreciating sharply against the dollar, IT companies are expected to deploy the gains towards sales and marketing, mitigation of impact of the Immigration bill and investments in new service lines.

TCSBSE 0.44 % is expected to lead the tier-I pack with 4.3 per cent Q-o-Q dollar revenue growth, while Infosys is also likely to see a good quarter with 4.1 per cent Q-o-Q revenue growth, Kotak Institutional Equities said in its quarterly technology report.

Courtesy: The Economic Times