Bloomberg India’s Energy Efficiency Services Ltd (EESL) is seeking a partner to expand its distributed solar power venture, Managing Director Saurabh Kumar said. EESL has chosen Investec Capital Services to advise on the deal and expects it to come up with a valuation for the project in three months, Kumar said. The project has 100 megawatts of operational solar generation …

Bloomberg Virgin Atlantic Airways Ltd is closing in on a 400 million-pound ($504 million) rescue led by Davidson Kempner Capital Management after the US hedge fund offered more favorable terms than other potential backers, people familiar with the matter said. Davidson Kempner has offered funding conditions that an alliance of Elliott Management Corp and UK investment firm Greybull Capital declined …

Bloomberg Boris Johnson is under pressure to strip IAG SA’s British Airways of valuable landing slots at UK airports amid concern about the airline’s plan to cut 12,000 jobs, according to a report in the Daily Mail. More than 100 British members of parliament from various political parties are asking the prime minister to reconsider BA’s right to slots at …