Bloomberg A shrinking correlation between financial markets in India and those in the rest of the world is one reason to buy its assets. The weighted average correlation of India’s currency, bonds and stocks with those in other global economies fell to 0.32 last month, approaching a more than 10-year low of 0.29 set in November. The reading was as ...

Bloomberg China’s largest initial public offering (IPO) since 2015 has gotten the attention of the country’s top internet companies. Affiliates of Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd., known collectively as BAT, are becoming strategic investors in Foxconn Industrial Internet Co. The companies are buying 21.8 million shares each in FII’s listing at 13.77 yuan apiece, the firm ...

Bloomberg The billionaire who controls India’s biggest telecom operator is looking to pump more than $1 billion into a hotel chain founded by his son-in-law in London, people with knowledge of the matter said. The money from Bharti Airtel Ltd chairman Sunil Mittal would fund acquisitions by Sharan Pasricha’s Ennismore, a developer that owns the Gleneagles resort and Hoxton hotel ...