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.

Wednesday, May 25, 2016

Adani Enterprise Ltd: Buy
CMP: Rs.71.35
Target: Rs.91
Period: 30 days
Adani Enterprises Ltd, the flagship company of the Adani Group, came out with a consolidated net profit of Rs.167 crore in the March, 2016 quarter.

The company said that earnings for the quarter and the fiscal year 2015-16 are not comparable with previous corresponding periods due to the demerger of ports, power and transmission businesses from Adani Enterprises from 1 April 2015.

Consolidated total income from operations for the quarter was Rs.10,950 crore. The consolidated total income from operations for the fiscal year ended 31 March 2016 was Rs.44,023 crore. Consolidated profit after tax for FY16 is Rs.1,041 crore.

Gautam Adani, chairman Adani Group, said, “Our portfolio of businesses across mining, Renewable energy and agro vertical benefits from vastly improved macro-economic and regulatory environment. Encouraging policy initiatives particularly in renewable space, enables us to explore new business opportunities in the sector.”

Ameet Desai, CFO, Adani Group and executive director, Adani Enterprises, said, “Our results reflect growth in operating performance across mining, city gas and agro businesses. We have already begun our renewable foray by commencing activities in solar generation.”

Also, U.S. crude oil prices rose to a new 2016 high in on expectations that continued supply disruptions would help reduce the oversupply of crude. 

Citigroup analysts said that the worst is over for the oil market, as a slowdown in production is setting prices up for a steeper rebound than predicted at the beginning of the year; Citi sees Brent reaching $50/bbl in Q3 “if not earlier,” before climbing to ~$65 by the end of 2017, and forecasts WTI will hit $50 by year-end 2016 and $61 by the close of next year.

“In Nigeria, Venezuela, Libya and a host of other countries, the threat of disruptions seems to be increasing and not decreasing,” Citi says. “Prices look likely to march forward to the mid-$60 range.”

This is positive for all renewable energy companies like Adani Enterprise Ltd.  

Adani Enterprises Limited is an infrastructure company. The Company deals in coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation and transmission, and gas distribution. It has already forayed into renewable energy space by commencing operations in solar generation.


Among its various businesses, AEL's mine development and operations (MDO) business at Parsa Kente saw the company extracting and supplying washed coal of 5.5 MMT to RRVUNL in FY'16 as compared to 3 MMT in FY'15.


Under its city gas distribution business, the project implementation work at seven cities under joint venture with Indian Oil Corporation Limited is progressing as per the schedule, the company stated.



AEL recently launched India's first Diabetic care oil under brand "VIVO" for specific target segment under its agro business.

Adani Enterprises massively stepped up its a new renewable energy division over FY2016. 

June 2016 Adani Enterprises will fully commission its new 648 MW solar project in Tamil Nadu – which on commissioning will be the largest solar project in the world (to-date).


Adani Enterprises reports it has established a further 700MW solar and wind project pipeline over the last 12 months. Additionally, Adani has recently signed a joint venture with the Rajasthan government to develop a 10,000MW solar park. Adani Enterprises has also started construction of a greenfield 1.2GW solar module manufacturing facility in Gujarat, due for completion by March 2017.

Moreover, the brother of Gautam Adani, is known to be close to Prime Minister Narendra Modi.
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