New Delhi / Bloomberg Indian billionaire Ajay Piramal is a man on a shopping mission. His firms are training their sights on distressed assets discarded by indebted businesses and banks struggling with bad loans. His unlisted real estate unit, recently flush with cash from Warburg Pincus & Co. and Goldman Sachs Group Inc., is looking to buy land parcels from ...

Bloomberg Mark Carney was accused of jeopardizing the Bank of England’s credibility in the European Union debate as he faced a fiery line of questioning from U.K. ­legislators. While the BOE governor has spent months trying to avoid the political battle — a task lawmaker Andrew Tyrie compared to bomb disposal — some members of the Treasury Committee said BOE ...

Bloomberg Volkswagen AG Chief Executive Officer Matthias Mueller sought to win over workers to restructuring measures aimed at lifting margins at the embattled German carmaker’s namesake brand and helping weather the emissions-cheating scandal. After nearly six months of crisis and recent revelations that senior managers missed warning signs, workers are fighting to avoid footing the bill. That put Herbert Diess, ...