Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Monday, December 01, 2014

Jaiprakash Associates gains after receipt of sale consideration
Photo: Moneycontrol.com
Monday, December 01, 2014: Jaiprakash Associates rose 2.43% to Rs 29.55 at 9:53 IST on BSE after the firm said it has received a consideration of Rs 667.56 crore post sale of its 74% stake in Bokaro Jaypee Cement, a JV between Jaiprakash Associates and Steel Authority of India

The announcement was made on Saturday, 29 November 2014.

Shares of Steel Authority of India were down 0.78% at Rs 88.60.

Meanwhile, the S&P BSE Sensex was almost unchanged at 28,692.58.

On BSE, so far 5.45 lakh Jaiprakash Associates' shares exchanged hands against average daily volume of 35.28 lakh shares in the past two weeks.

The stock hit a high of Rs 29.60 and a low of Rs 28.15 so far during the day.

Jaiprakash Associates (JAL) said it has received of consideration of Rs 667.56 crore upon transfer of 9.89 crore equity shares of Bokaro Jaypee Cement (BoJCL) (a joint venture between JAL and Steel Authority of India) to Shri. Rangam Securities & Holdings (SRSHL), an associate/affiliate of Dalmia Cement (Bharat).

It may be recalled that JAL had on 24 March 2014, intimated the signing of share purchase agreement (SPA) for sale of its 74% stake (9.89 crore equity shares owned by JAL) in the paid-up equity share capital of BoJCL to Dalmia Cement (Bharat) or any of its associates/affiliates.

Meanwhile, Steel Authority of India (SAIL) on Saturday, 29 November 2014 said it has received a sum of Rs 234.56 crore as consideration for sale of its 26% stake in BOJCL to SRSHL.

SRSHL is an indirect wholly-owned subsidiary of Dalmia Cement (Bharat), a subsidiary of Dalmia Bharat.

Jaiprakash Associates reported a net loss of Rs 106.48 crore in Q2 September 2014 compared with net profit of Rs 67.67 crore in Q2 September 2013. Net sales declined 15.4% to Rs 2664.12 crore in Q2 September 2014 over Q2 September 2013.

Jaiprakash Associates is a diversified infrastructure conglomerate with business interests in engineering & construction, cement, power, real estate, expressways, fertilizer, hospitality, healthcare, sports, information technology and education (not-for-profit).

Courtesy: Capital Market
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