Bloomberg India’s coal ministry, at the urging of state miner Coal India Ltd., is asking the government to levy an environmental tax on a competing fuel in effort to maintain coal’s cost-competitiveness, according to people with knowledge of the matter. Petcoke, an oil-refining by product and a coal substitute, is more polluting than coal and should be subject to ...

  Bloomberg An apartment-construction boom in Brooklyn is putting a cap on rents in the New York borough as a surge of new units erodes landlords’ pricing power. The median monthly rent declined last month for the first time this year, dropping 0.8 percent from last July to $2,826, according to a report Thursday by appraiser Miller Samuel Inc. and ...

  Bloomberg Billionaire Hui Ka Yan’s China Evergrande Group, which last week made a surprise entry into an ownership tussle for the nation’s largest residential developer, signaled its ambition to obtain control in another Chinese firm. Evergrande, which boosted its stake in Shanghai-traded Langfang Development Co. to 15 percent in the past four months, plans to further increase its holdings ...