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, July 11, 2014

Pre-Session:Market may edge higher in early trade
11-Jul-14: Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 14 points at the opening bell. IT major, Infosys announces Q1 results today, 11 July 2014.

The Reserve Bank of India has on Thursday, 10 July 2014, notified that shares of Kotak Mahindra Bank can now be purchased through primary market and stock exchanges by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) as the restrictions placed on the purchase of shares of the above company was withdrawn with immediate effect after the share holdings by FIIs/RFPIs under Portfolio Investment Scheme in Kotak Mahindra Bank have gone below the prescribed threshold limit stipulated under the extant FDI Policy. The Reserve Bank has also notified that all the approvals received against the said scrip are duly cancelled.

GMR Infrastructure said after market hours on Thursday, 10 July 2014, the Management Committee of the Board of Directors of the company has, at its meeting held on 10 July 2014, approved the issue and allotment of 46.88 crore shares to eligible qualified institutional buyers at the issue price of Rs 31.50 per share which is at a discount of Rs 1.64 per share on the floor price of Rs 33.14 per share, aggregating to approximately Rs 1476.77 crore.

Shree Cement will be watched. With reference to the earlier announcement dated 1 July 2014, regarding the commissioning of 2 million Tons Per Annum (MTPA) capacity Grinding Unit at Aurangabad in Bihar on 30 June 2014, Shree Cement has now informed that the commercial production from the said Grinding Unit has started from 9 July 2014.

Exide Industries turns ex-dividend today, 11 July 2014, for dividend of Rs 0.70 per share for the year ending March 2014.

Jindal Steel & Power turns ex-dividend today, 11 July 2014, for dividend of Rs 1.50 per share for the year ending March 2014.

JSW Energy turns ex-dividend today, 11 July 2014, for dividend of Rs 2 per share for the year ending March 2014.

IL&FS Engineering and Construction Company bagged an EPC contract from Indian Strategic Petroleum Reserves (ISPRL), Ministry of Petroleum and Natural Gas, Government of India, for laying of pipeline from Land Fall Point (LFP), Mangalore Port to Mangalore/Padur Cavern via Intermediate Valve Station (IVS) for storage of crude oil project.

The total length of the Project is 50 kilometres. The total value of the contract is Rs 213 crore. It is to be completed within 15 months from the date of issue of LOA.

The company is currently executing Halol Dahod Pipeline Project of Gujarat State Petronet (GSPL) on EPC basis.

Further, the company is also executing two Oil & Gas projects - one involves construction of 15 storage tanks having a total storage capacity of 0.85 million tons at Fujairah, UAE, and the other consists of laying 6 pipelines from the IPTF Terminal at Fujairah to the Port of Fujairah for evacuation of white oil and black oil products, IL&FS Engineering and Construction Company said in a statement.

Astral Poly Technik said that its board will meet on 18 July 2014, to consider raising long term funds.

Industrial output is seen rising 3.8% in May higher than 3.4% in April, as per the median estimates of a poll of economists carried out by Capital Market. The government will unveil industrial production data for May 2014 today, 11 May 2014.

Indian stocks edged lower after witnessing immense intraday volatility on Thursday, 10 July 2014, after Finance Minster Arun Jaitley made a number of announcements in Union Budget 2014-15 such as a proposal to increase in foreign direct investment in insurance and defence manufacturing, a sharp increase in plan expenditure, measures to boost long term financing for infrastructure by banks and provided clarity on taxation with respect to foreign portfolio investors.

Market expectations that the Finance Minster would scrap the law on retrospective taxation were not met. The S&P BSE Sensex fell 72.06 points or 0.28% to settle at 25,372.75 on that day, its lowest closing level since 27 June 2014.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 161.55 crore on Thursday, 10 July 2014, as per provisional data from the stock exchanges.

Asian stocks rose in choppy trade on Friday, 11 July 2014. Key benchmark indices in China, Taiwan, Hong Kong, and Singapore were up 0.14% to 0.56%. Key benchmark indices in Indonesia, South Korea and Japan fell 0.26% to 0.63%.

US stocks fell on Thursday, 10 July 2014, on concerns that trouble at a European bank might spread,

European bonds tumbled on Thursday after a parent of Portugal's No. 2 lender missed a debt payment. Shares of Banco Espirito Santo were suspended yesterday after sliding more than 17 percent, while its bonds sank to record lows even as Portugal's central bank said it can avoid contagion risks. Espirito Santo International missed payments on commercial paper to “a few clients,” according to a July 8 statement. The company is the biggest shareholder of Espirito Santo Financial Group, which owns 25% of the bank. Trading in ESFG shares and debt was also halted yesterday.

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