Bloomberg An investor group backed by Bain Capital won the support of Binani Cement Ltd.’s lenders as it seeks to take over the insolvent Indian company. A committee of Binani Cement creditors approved the resolution plan from a consortium led by Dalmia Bharat Ltd., which was competing with billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd., according to an exchange filing. ...

Bloomberg The US National Highway Traffic Safety Administration is investigating faulty air bags in certain Hyundai and Kia vehicles that have caused four deaths and six injuries. The air bags have failed to deploy in frontal collisions, according to an investigation report posted on the administration’s website. The problems may affect 425,000 automobiles made by the South Korean manufacturers, and ...

Bloomberg The seven-month slide in India’s sovereign bonds has convinced the state-owned banks, the biggest holders of debt, to remain on the sidelines. ICICI Prudential Life Insurance Co., one of the country’s largest private insurers, sees things very differently. With yields recently nearing 8 percent, Manish Kumar, chief investment officer at the firm, says it’s time to go long. “A ...