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, December 13, 2013

Reliance Communications Ltd: Reiterate a Buy
CMP: Rs.132.10

Reliance Communications reported a more than six-fold jump in net profit for the quarter ended September 30, 2013.

Reliance Communications came out with a net profit of Rs.675 crore for the three months ended September 30 from Rs.102 crore a year earlier.

Total income rose 6.55% to Rs.5,361 crore compared with Rs.5,031 crore for the same period last year.

The company said the net profit includes Rs.441 crore from a write back provision.

"The company has, during the quarter, reassessed the requirement of maintaining balance of Rs.441 crore of provision for business restructuring created pursuant to the schemes of amalgamation approved by High Court in financial year 2006-07 and as determined by the board, credited to other income as no longer required," it said.

The employee cost of the company also declined to Rs.224 crore for the reported quarter as compared to Rs.344 crore in the same period last year.

The company said it remains free cash flow (FCF) positive and this is expected to continue.

"Rcom generated operational cash flow (EBITDA) of Rs.2,328 crore in Q2, paid net finance charges of Rs.676 crore and invested Rs.364 crore on capex during the quarter," the statement said.

Rcom said revenue per minute (RPM) increased to 43.4 paisa, up 7.7% year-on-year basis.

"We have significantly improved RPM with tariff hikes and strong focus on paid and profitable minutes," it said.

The average revenue per user (ARPU) of the company stood at Rs.120 in Q2FY14.

The total data traffic was up 116%, y-o-y at 37,570 million MB. The traffic has increased due to increase in data subscribers and higher data usage per customer.

"The total data customer base has grown 30.8%, y-o-y to 34 million including 9.1 million 3G customers in Q2FY14," it said.

Chartically speaking, the GOLDEN CROSS, has already taken  place and it is only time that the scrip would move up.