Bloomberg India is asking private equity funds to invest in profit making state-controlled companies as Asia’s third biggest economy seeks to meet its asset sale target of 725 billion rupees ($11 billion) for next financial year. The government is inviting buyout firms to “look into the opportunity of picking up strategic stakes in state assets, whether as a technology …

  Bloomberg The rupee’s surge and a banking system awash with funds will shift focus to a little-used tool in the Indian central bank’s arsenal before next month’s policy review. The Reserve Bank of India may consider raising the cash reserve ratio for the first time since 2010 if deposits accumulated due to November’s cash ban don’t flee over the …

  Reuters Stock markets in the Middle East were mixed on Monday with petrochemicals and the insurance sector weighing on Saudi Arabia while Qatar rose as it completed its upgrade by index compiler FTSE Russell to secondary emerging market status. The Saudi index fell 0.5 percent with the main drag coming from the petrochemical sector as Brent oil futures fell …