Bloomberg India’s coal power giant NTPC Ltd expects to raise $2 billion through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans. The state-run generator plans to sell shares in NTPC Renewable Energy Ltd within a year, the official said, asking not …

Bloomberg Clayton Dubilier & Rice (CD&R) LLC won a months-long battle for WM Morrison Supermarket Plc, beating out private-equity rival Fortress Investment Group in a rare auction with a knockout $9.5 billion offer for Britain’s fourth-largest grocer. The final offer of 287 pence a share “represents excellent value for shareholders while at the same time protecting the fundamental character of …

Bloomberg Virgin Atlantic Airways Ltd will double the number of services it operates to the US, adding back six routes suspended at the start of the coronavirus crisis as the Biden administration relaxes border curbs. The UK carrier restored flights from London Heathrow to San Francisco, which will be followed by links to Orlando, Florida, and Las Vegas next month, …