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 …

Bloomberg United Airlines Holdings Inc is forming a coalition of companies willing to contribute funds to increase the use of sustainable aviation fuels, including a first group of 11 that will purchase 3.4 million gallons this year. The airline also said that it’ll invite travellers to donate money to buy sustainable fuels or to contribute towards research to increase the …