Bloomberg Mumbai finally started work on a new airport more than two decades after first proposing it, as jets ran out of space to operate in one of the busiest aerodromes using a single runway. Prime Minister Narendra Modi laid the foundation stone of Navi Mumbai International Airport on February 18, to be built on about 2,866 acres of land ...

Bloomberg State-controlled VTB Group is buying 29 percent of Magnit PJSC from billionaire Sergey Galitskiy, who said investors don’t trust his vision for Russia’s second-largest food retailer after its share price plunged in the past year. Galitskiy will quit as chief executive officer after selling $2.5 billion of shares to VTB, Magnit said in a regulatory filing. Galitskiy said he ...

Bloomberg President Donald Trump “feels strongly” that the US should permit collection of state and local sales taxes on purchases made over the internet, Treasury Secretary Steven Mnuchin said. Mnuchin, speaking at a hearing before the House Ways and Means Committee, said he has spoken with Trump about the issue, and that the president “does feel strongly” that state and ...