Bloomberg Xiaomi Corp. surpassed $1 billion in annual India revenue two years after selling its first smartphone in the country, as Chinese names begin to dominate the world’s fastest-growing major market at the expense of local players. Xiaomi said it grew shipments by almost 150% in 2016, selling two million smartphones in the third quarter alone. The company had ...

  Bloomberg Coca-Cola Co. was sued by activists who compare the beverage giant’s advertising tactics to the tobacco industry’s past efforts in minimizing the health effects of its products and targeting children to replenish the ranks of its customers. The nonprofit Praxis Project seeks to stop Coke and the Washington-based American Beverage Association (ABA) from deceptive advertising of sugary drinks, ...

  Bloomberg There’s a new leader in the US market for corporate aircraft management, as a merger of the American fleets of BBA Aviation Plc and Gama Aviation Plc elbows aside a unit of Warren Buffett’s NetJets Inc. The deal brings together about 110 US-based aircraft managed by Gama and 90 overseen by BBA, the companies said. While similar in ...