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Journalism of Courage
With not a single public offer in the first four months of the fiscal,the finance ministry on Saturday said that it may launch the kick off the disinvestment parade in September.
I think you can look at those situations,if not early,certainly in September. I think that is the best case, disinvestment secretary Haleem Khan said,but did not specify on the first public sector company to go for disinvestment.
Volatile market conditions forced the government to defer the the Rs 2,500 crore initial public offer of RINL proposed for July.
But the disinvestment secretary expressed confidence of meeting the Rs 30,000 crore target from stake sales in 2012-13.
I am as confident as I was on April 1. So,there is no problem about the target. The process has to go through and it is taking a little while, he said on the sidelines of an event here.
UCO Bank Q1 net up 24%
UCO Bank reported 24 per cent rise in net profit at Rs 362.46 crore for the quarter ended June 2012 compared to Rs 292.53 crore in same period last year.
The total income of the bank was up by 22.7 per cent to Rs 4,174 crore during the quarter compared with the year-ago period.
