Bloomberg Prime Minister Narendra Modi’s government will review plans to sell Air India after his administration’s most high-profile privatisation offer ended in a whimper with no buyers showing interest in the unprofitable flag carrier. The government will make changes to the plan, if needed, Economic Affairs Secretary Subhash Chandra Garg said. As the deadline to show preliminary interest expired on ...

Bloomberg Sears Holdings Corp. kicked off another fiscal year with declining sales from a dwindling number of stores, and more closings are on the way. The operator of Sears and Kmart stores posted a first-quarter loss of $3.93 a diluted share. Revenue fell due to fewer stores and a 12 percent drop in comparable-store sales. The Hoffman Estates, Illinois-based retailer ...

Bloomberg British Airways (BA) owner IAG SA has suspended negotiations with Airbus SE over a possible deal for additional A380 superjumbos, a potential setback for the already-struggling program and Airbus’s new sales chief, according to people familiar with the matter. The carrier had been weighing an order for close to 10 of the double-deckers after Airbus managed to secure a ...