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, March 17, 2015

Jaiprakash Power Ventures Ltd and FCCB
Photo: CloudDataNet
J P Power Ventures Ltd (Rs.11.10) has to pay $200 million worth of foreign currency convertible bonds (FCCBs) which were due on 13 February but are likely to be rescheduled. The bondholders will vote on the firms’s proposed repayment schedule in a 30 March meeting.

As part of the proposed rescheduled payment agreement, the firm looks to extend the maturity date of the FCCB to 13 February 2016. The proposed repayment schedule will include an upfront payment of $25 million on the effective date of rescheduling. Further, the company proposes to pay another $75 million on the receipt of the sale proceeds for its two hydropower plants to JSW Energy Ltd. The remaining amount is to be paid on or before 13 February 2016. Hence this issue is more or less closed. 

Debt for the Jaypee group is seen at around Rs.60,000 crore, of which Jaiprakash Power Ventures alone had debt of Rs.17,887.72 crore at the end of the September quarter. The firm has started talks with its bankers to refinance debt worth Rs.10,000 crore. 

In the last two years, the group has been selling assets to reduce debt. In a recent deal, Aditya Birla Group’s Ultratech Cement Ltd agreed to buy Jaiprakash Associates’s two cement plants in Madhya Pradesh for Rs.5,400 crore.

The stock should now slowly move towards Rs.14-15, especially after Jaiprakash Power Ventures bagged the Amelia (North) mine in Madhya Pradesh quoting Rs.712 per tonne and the Second Unit of 660 MW of the Jaypee Nigrie Super Themal Power Project or JNSTPP starting commercial operation with effect from 00.00 hours of February 21, 2015. 

It therefore a screaming buy at Rs.11.10..............
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