World Business News

Hotel chain operator Indian Hotels Co Ltd (IHTL.NS), part of the Tata conglomerate, reported flat growth in net profit for the quarter to end-December in line with estimates, on slowing economic growth at home and overseas.

China overtook Japan as the world's top coal importer in 2011, customs data from both countries showed, partly driven by robust Chinese demand.

DAVOS ( Switzerland): The global economic slowdown will affect Asia this year but the region will remain the economic powerhouse of the world, led by China, India and Indonesia, the head of the Asian Development Bank has said.

South Korea's Hyundai Motors has posted a 38% rise in profits for the fourth quarter, as sales domestically and in key markets surged.