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The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
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.
Friday, November 08, 2013
Telecom shares rebound; analysts see growing optimism in sector
MUMBAI, NOV. 6: Shares of telecom companies rebounded after hitting the day’s low following the Telecom Commission seeking a mid-way reserve price for the auction of spectrum.
Analysts attribute this to the growing optimism in the telecom industry, which is now seeing a return of growth after a prolonged period of uncertainty.
On the Bombay Stock Exchange, shares of Reliance Communications hit an intra-day low of Rs 144.15, but rose by 0.72 per cent to settle at Rs 146.35. Similarly, Idea Cellular scrip recovered from a low of Rs 162.15 to close 0.94 per cent higher at Rs 166.4. Only Bharti Airtel, the country’s largest telecom operator by both subscribers and revenues, ended in red. Earlier in the day, Telecom Commission – the Department of Telecommunication’s highest decision-making body - recommended higher reserve price than earlier suggested by telecom regulator for pan-India spectrum in for 900 MHz and 1800 MHz band.
The Telecom Commission has also approved the M&A policy, allowing mergers with a combined market share of up to 50 per cent.
Analysts view the ongoing regulatory developments as “positive” for the sector and believe there is more steam remaining in the counters of mobile phone companies.
“The proposed base price is being seen as reasonable this time around…hopefully, bidding by the telecom companies would not be ‘irrational’. As evident by the stock market reaction, the development is not a negative one for the industry,” said Harit Shah, Senior Research Analyst at Nirmal Bang Institutional Equities.
Of late, telecom operators have been improving the quality of revenues due to declining competition levels as a number of new operators were forced to shut shop post the 2G spectrum scam. “In the next two quarters, we expect telcos to report further improvements in operating metrics and cash flows. We are bullish on the Indian telecom space,” said Shah. The Mumbai-based brokerage firm has ‘buy’ ratings on Bharti Airtel and Idea Cellular.
Ankita Somani, sector analyst with Angel Broking, said: “Unless the reserve prices are approved by empowered group of ministers, we will not see much reaction from the telecom counters. Overall sentiments are better as regulatory clarity is emerging and a stronger business case is expected to emerge for telecom companies”.
Angel has a ‘buy’ on Bharti Airtel and a ‘neutral’ rating on Idea Cellular.