Police in Singapore said on Wednesday that they have frozen two bank accounts in connection with a probe into alleged financial mismanagement and graft at Malaysia's troubled state fund 1MDB.
* India’s return on equity (ROE) appears to have bottomed at 13.7 pct in March 2015, and has since risen to 14.1 pct, says Credit Suisse
* Adds that India is trading at a 53 pct premium as per its price to book relative to ROE valuation model
* The investment bank says a recovery from the current 14.1 pct ROE to 19.8 pct already appears to be priced in
* Most overvalued sectors are staples and healthcare; while Axis Bank Ltd and HCL Technologies Ltd remain top picks, it says