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Modi renews vow to sell Air India after last attempt flopped

Bloomberg India will revive plans to sell Air India Ltd, after an attempt to partially exit the loss-making carrier failed to find a single buyer last year. The high-profile divestment would be part of PM Narendra Modi’s efforts to raise $15.3 billion selling stakes in state-run companies, finance minister Nirmala Sitharaman said in her budget speech. The administration will also ...

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Amazon faces review by UK watchdog into Deliveroo deal

Bloomberg Amazon.com is facing an initial review by the UK competition regulator into its bid to buy a slice of fast-growing food delivery startup Deliveroo. The Competition and Markets Authority (CMA) said it has “reasonable grounds” to believe that Amazon and Deliveroo have either ceased to be separate businesses, or will merge in the near future, according to the enforcement ...

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BA turns to state mediator to avert pilot strike

Bloomberg British Airways (BA) is entering conciliation talks with pilots in a bid to head off a walkout over pay at the height of the summer travel season. The unit of IAG SA will meet with the BALPA union at the UK’s Advisory, Conciliation and Arbitration Service on Monday, spokespeople for the two sides told Bloomberg. The talks, which will ...

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