Bloomberg InterGlobe Aviation Ltd., operator of India’s largest airline, has picked banks including Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley to work on an institutional share sale, according to people with knowledge of the matter. InterGlobe, which operates the IndiGo carrier, is planning the sale to help cut its owners’ stake to achieve the minimum public shareholding of ...

Bloomberg United Technologies Corp.’s Pratt and Whitney unit has been slow to incorporate promised cost savings techniques for the latest and biggest batch of engines to power F-35 jets, the Pentagon’s costliest weapons program, according to a new report. Pratt is producing 102 engines for the fighters built by Lockheed Martin Corp. under what’s now a $2.1 billion contract, including ...

Bloomberg OPEC and Russia’s plan to clear the global oil glut hasn’t worked as they hoped, but there’s little expectation the world’s largest producers will act more aggressively when they meet this weekend. Oil has slumped into a bear market and inventories remain stubbornly high despite a deal between OPEC and 10 countries outside the group to cut output. The ...