Bloomberg Reliance Industries Ltd. regained its position as India’s second most-valuable company after its shares posted their biggest advance in eight years. The stock surged 11 percent at the close, valuing the company at 3.92 trillion rupees ($59 billion), as investors cheered Chairman Mukesh Ambani’s decision to end free data plans at his phone venture from April. HDFC Bank …

  Bloomberg China home prices increased last month in the fewest cities in a year, signaling property curbs to deflate a potential housing bubble are taking effect. New-home prices, excluding government-subsidized housing, gained last month in 45 of the 70 cities tracked by the government, down from 46 in December, the National Bureau of Statistics said Wednesday. Prices fell in …

  Bloomberg Wheat production in India will probably fall short of a government forecast, spurring the world’s second-biggest grower to import a large quantity amid declining domestic inventory. Prices in Mumbai dropped for a third day. Production is set to total 91 million tons in the 2016-17 crop year, according to the median estimate of eight traders and analysts surveyed …