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.

Friday, June 03, 2016

Important Updates
1. The investors can take FRESH POSITIONS in Reliance
Communications Ltd after a foreign institutional investors (FII) bought nearly 1% stake in Anil Ambani Group telecom company for about Rs.87 crore through open market. 

On Tuesday, May 31, 2016, Integrated Core Strategies (Asia) Pte had purchased 18.48 million equity shares representing 0.74% of total equity of Reliance Communications at Rs.46.96 per share via bulk deal,  as per NSE data. Target: Rs.57, SL: Rs.47.50.

Moreover, Reliance Communications reportedly said it expects to cut down debt by 75% through merger of MTS, Aircel and sales of mobile towers.

"Integration of MTS business with RCom is on track. We expect to complete the integration in August. We expect to make announcement with respect to Aircel merger anytime in June. Once we complete the Aircel transaction, we will go for the tower deal," RCom CEO for consumer business Gurdeep Singh said during a conference call on Tuesday.

"With completion of these deals, we expect RCom's debt to reduce by 75 per cent."

2. The Investors should accumulate the shares of Unitech Ltd near the support level of Rs.3.90, for a short term target of over Rs.10 and medium target of Rs.25. It is an A-group counter and should give decent returns to the patient investors, going forward. 

3. One should keep holding the shares of Punjab National Bank Ltd (Rs.77.30) and Allahabad Bank Ltd (Rs.51.20), till at least 6 June, 2016, when the FM will be meeting the Bank Heads. 

4. The share of Idea Cellular Ltd can fall upto Rs.101-100, where you can take fresh positions for a  short term target of Rs.110. 

5. Foreign Portfolio Investors (FPIs) bought shares worth a net Rs.521.85 crore yesterday, 2 June 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs.576.86 crore yesterday, 2 June 2016, as per provisional data.

6. Indian Meteorological Department (IMD) retained its previous forecast of good rains for the 2016 southwest monsoon season (June to September). 

Higher rural income may boost demand for consumer goods. FMCG firms derive substantial revenue from rural India. Good rains may also boost demand for tractors, fertilizers and other agri inputs. 

In its second stage forecast issued after trading hours yesterday, 2 June 2016, the IMD said that rainfall over the country as a whole for the 2016 southwest monsoon season is most likely to be above normal. 

Quantitatively, monsoon season rainfall for the country as a whole is likely to be 106% of the long period average (LPA) with a model error of plus/minus 4%. In its first stage forecast issued on 12 April 2016, the IMD had forecast rainfall to be 106% of the LPA with a model error of plus/minus 5%.
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