Bloomberg A French initiative to ban commercial air travel on some domestic routes could prove to be an example for other countries seeking to make flying cleaner. The bill making its way through parliament would forbid conventional air travel when there’s an alternative by train that takes under 2.5 hours. The legislation advanced in the National Assembly over the weekend ...

Bloomberg Nykaa E-Retail Pvt has selected banks for its initial public offering in Mumbai that could raise at least $500 million, according to people familiar with the matter. The online cosmetics retailer is working with Kotak Mahindra Capital Co and Morgan Stanley on the potential offering, said the people, who asked not to be identified as the information is private. ...

Bloomberg Letko Brosseau & Associates Inc, one of Air Canada’s largest shareholders, says the terms of the government’s rescue package are fair and the airline’s stock could rise about 50% from current levels once the pandemic eases. Canada’s largest carrier reached a deal with the federal government for loans and equity worth C$5.9 billion ($4.7 billion). The company will get ...