Eleven Indian regional political parties that formed an alliance nine days ago to contest elections next month showed signs of falling apart, boosting stocks on speculation the main opposition party will benefit.
Anil Ahuja, former Asia head of private-equity firm 3i Group Plc, is seeking to raise $100 million from institutional investors for an India-focused hedge fund, saying buyouts are difficult to achieve in the country.
Indiareit Fund Advisors Pvt., which manages $1 billion in real estate assets, is delaying its $250 million overseas fundraising plan by six months to focus on investing for new clients won earlier this month.
India’s best-performing equity fund in the past five years is buying consumer companies, lured by revenue growth more than three times faster than the broader market even as rival money managers sell the stocks.
IndiGo, India’s biggest airline, joined an industry group in opposing AirAsia Bhd.’s application for local operations, threatening to delay plans of the region’s largest discount carrier to start flights by March.