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.

Tuesday, January 27, 2015

Which Company Will You Choose From Below; For Investment Purpose??
Reliance Capital Ltd (Rs.475.45) has interests in asset management and mutual funds, life and general insurance, commercial finance, equities and commodities broking, among others. Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth. The Company is a constituent of CNX Nifty Junior and MSCI India.

Another Japanese financial services giant, Nippon Life, recently signed an agreement with Reliance Capital Asset Management, a part of Reliance Capital, to raise its stake in the company from 26% to 49% in two or more tranches over the next two years. Or in other words, Reliance Capital Ltd (Rs.475.45), financial services arm of industrialist Anil Ambani-led business conglomerate Reliance Group, is likely to soon divest more equity in its life insurance venture to its foreign partner Nippon Life. Nippon Life has a 26% stake in Reliance Life, the life insurance arm of Reliance Capital. 

It had reported 20% rise in its second quarter net profit at Rs.217 crore, helped by robust growth in mutual fund, commercial finance and general insurance businesses. Total income rose by 12% to Rs.2,084 crore for the quarter ended 30 September. 

Besides, Reliance Capital also plans to rope in foreign partners for its health insurance and general insurance ventures. Taking an ordinance route, the government has permitted up to 49% foreign investment in insurance. 

As it awaits final Reserve Bank of India (RBI) guidelines to apply for a universal banking license, Reliance Capital has also roped in Sumitomo Mitsui Trust Bank of Japan as a long-term strategic partner. Very recently, the shareholders of Reliance Capital Ltd, approved the preferential allotment to Sumitomo Mitsui Trust Bank, Limited of Japan.

As part of the agreement, Sumitomo Mitsui Trust Bank will be taking an initial 2.77 per cent strategic stake in Reliance Capital amounting to Rs.371 crore (US$ 58.4 million) through preferential allotment, with a lock-in period of one year. The investment is being made at Rs.530 per share.

Sumitomo Mitsui Trust Group is the fourth largest bank in Japan (in terms of market capitalization and corporate loans) and Japan’s largest financial institution managing assets of US$ 682 billion with assets under custody of US$ 1.8 trillion as of September 2014.
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