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.

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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