Bloomberg Prime Minister Narendra Modi has allowed India’s subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals. Although Modi has a reputation for reducing India’s huge subsidy expenditure, data shows he’s missed the chance to rein it in. And as he prepares for state and national elections, subsidy reforms ...

Bloomberg Hillhouse Capital Management, the Chinese investment firm that last year helped lead Asia’s biggest-ever buyout deal, is targeting to raise about $6 billion in a new private equity fund, people with knowledge of the matter said. Hillhouse has started gauging interest from potential investors, one of the people said, asking not to be identified because the information is private. ...

Bloomberg Malaysia’s economic growth is set to moderate this year from a three-year high in 2017, but still post a solid performance on the back of strong domestic demand. Gross domestic product rose 5.9 percent in the fourth quarter from a year earlier, the central bank said on Wednesday in Kuala Lumpur, slightly above the median estimate of 5.8 percent ...