Bloomberg Moody’s Investors Service’s India unit has put its chief on leave amid a probe into a controversial rating decision, in the latest sign of trouble in the nation’s credit evaluation industry. ICRA Ltd’s board has decided to place Chief Executive Officer Naresh Takkar on leave, the company said in an exchange filing. The rater is examining concerns raised in ...

Bloomberg Embassy Group, an Indian real-estate developer, that has partnered with Warburg Pincus, has spotted a winner in India’s e-commerce slug-fest: logistics. Embassy is looking to build warehouses and industrial parks near eight big Indian cities that can store goods for retail giants as billionaires including Asia’s richest man, Mukesh Ambani and Amazon.com Inc’s Jeff Bezos clash for dominance in ...

Bloomberg India will continue to be a net importer of steel for at least the next two years as high-grade products from South Korea and Japan flow in tax free amid worries of escalation in supplies from China, according to Fitch Ratings Ltd’s local unit. Overseas purchases by India totalled 7.8 million tons imported in the year ended on March ...