Bloomberg After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings Plc might finally be gathering momentum. Adjusted revenue and pretax profit rose 4 percent and 13 percent respectively, beating analysts’ estimates, as the bank continued to pump capital into better-returning …

Bloomberg Billionaire Richard Branson says he’s ceding control of Virgin Atlantic Airways Ltd. so that the carrier can join what it claims will be “the most significant joint venture in aviation.” For Virgin, the deal may be as much about gaining a lifeline after years struggling to keep up with British Airways. Branson, 67, said in an open letter when …

Bloomberg Snapdeal rejected an acquisition bid from rival Flipkart Online Services Pvt, saying it will compete alone in India’s e-commerce market. Snapdeal, which said it will sell off some non-core assets, is set to post a gross profit this month, the startup said in an emailed statement on Monday. SoftBank Group Corp., which has almost a third of Snapdeal shares, …