Patience may well pay off for Kapil Wadhawan, chairman and managing director of Dewan Housing Finance (DHFL). After Britain&rsquo;s Ashmore Investment Managers walked out of their negotiations, the promoters of Milestone Capital have reached out to DHFL once again to buy them out from the fund. These negotiations had, in the past, fallen through on valuations.

Milestone re-approaches Dewan Housing after other suitors pull out

Business Standard

The World Bank has announced $4.3 billion financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty. This arrangement, while facilitating a $4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development's (IBRD), which is its lending arm, net exposure within the limit of $17.5 billion established by it.

World Bank nod for $4.3 bn aid to India

Press Trust of India

BJP today slammed the Union Budget as &quot;anti-people&quot; and said it would lead to further price rise hitting the common man.

Budget is anti-people, will lead to price rise: BJP

The government will inject Rs 6,000 crore to Rs 7,000 crore in State Bank Of India by next week, banking secretary DK Mittal said on Friday.

Govt to inject up to Rs 7,000 cr into SBI by next week

Reuters 

The government today said it will provide capital support of Rs 15,888 crore to public sector banks and financial institutions during the next fiscal to strengthen their capital base.

Govt to infuse Rs 15,888 cr in PSU banks during FY13

Reserve Bank Deputy Governor KC Chakrabarty today said private credit demand will not be crowded out as a result of higher market borrowing by the government even as the fiscal deficit target for next fiscal is pegged at 5.1%.

Higher govt borrowing may not eat up public credit: RBI

The fiscal situation is unlikely to improve even this year. A higher fiscal deficit number, coupled with the government&rsquo;s more-than-expected net market borrowing figures for 2012-13 of Rs 4.79 lakh crore in 2012-13, disappointed the bond market, which reacted negatively to the news. Bond yields rose sharply following the announcement.

Rate cut hope dashed on fiscal concern

It was hardly a surprise, but the introduction of the Micro Finance Institutions (Development and Regulation) Bill, 2012, in the ongoing Budget session of Parliament, has left microlenders optimistic about investors' confidence returning to the sector.

MFIs want government to walk the talk on Bill

The Reserve Bank of India (RBI) said fiscal consolidation alone would not decide the stance of the monetary policy, but other factors like rising oil prices would influence the policy. RBI deputy governor Subir Gokarn said the directional change regarding the country&rsquo;s worsening fiscal situation as presented in the Budget was a positive.

Fiscal situation alone won't determine RBI's stance

The finance minister has presented a realistic and balanced Budget. The gross domestic product (GDP) forecast for 2012-13 at 7.6 per cent is optimistic, but not unrealistic. The fiscal deficit at 5.1 per cent is credible, though the need for further fiscal consolidation persists.

A boost for housing: Keki mistry

I have a slightly different view on the Budget.

A matter of prioritisation: Stuart Davis

The finance minister has accomplished a commendable Budget, balancing fiscal concerns and stimulating growth, fully recognising the need to encourage financial savings and to deepen domestic capital markets.

A fine balance amid challenges: Rana Kapoor

The government has earmarked Rs 15,888 crore for capital infusion into banks in the next financial year, considerably higher than what was allotted in the previous Budget. This apart, it&rsquo;s planning to set up a financial holding company that will raise funds for public sector banks.

Govt to infuse Rs 15,888 cr into banks

The government has announced its intent to introduce critical Bills to push financial sector reforms. Finance Minister Pranab Mukherjee said: &ldquo;To take forward the process of financial sector reforms, the government proposes to move these Bills in the Budget Session.

Slew of Bills lined up

There is nothing really good about this budget. One will have to read the fine print to see what the Direct Tax implications are.

My Budget: Tikka Shatrujit Singh

The Budget has made an earnest effort to deal with the slowdown. Tax exemption on interest earnings on savings accounts and the Rajiv Gandhi Equity Savings Scheme augur well for enhancing the household sector&rsquo;s savings. Measures taken to benefit the agriculture and infra sectors and liberalisation of FII investments in long-term infra bonds and ECBs for power firms should improve the investment climate.

A growth-oriented Budget: M D Mallya

Three key themes stood out in the Budget. First, the view is that economic growth has bottomed out. The finance minister expects growth to pick from 6.9 per cent in FY12 to 7.6 per cent in FY13. He spoke of re-energising demand-driven growth, removing supply bottlenecks in infra, driving inclusive development and addressing black money and corruption.

An honest attempt: Ajay Srinivasan

The euro zone may raise the combined lending power of its bailout funds to close to Euro 700 billion from Euro 500 billion in a trade-off between German opposition to committing more money and calming markets, euro zone officials said.

Euro zone may up bailout fund capacity to near Euro 700 bn

Spring is in the air for financial markets. Liquidity is abundant, the desire to invest is rising and green shoots of growth are becoming more apparent across the developed world.

Springtime views centre on growth

Greece remains &quot;accident prone&quot; and may require further debt restructuring or additional financing from euro countries if it struggles to implement measures attached to a new Euro 130-billion ($171 billion) bailout, staff at the International Monetary Fund said.

IMF for more European aid to Greece

Deutsche Bank has appointed Gunit Chadha the co-chief executive of its Asia-Pacific business. He shares the post with Alan Cloete.

Deutsche Bank names Gunit Chadha co-CEO for Asia-Pacific

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