World Business News

State-run miner Coal India (COAL.NS) posted a better-than-expected 54 percent rise in its December-quarter net profit, helped by strong production volumes and a price increase effected last February.

NEW DELHI: FM Gold and Rainbow radio jockeys are up in arms against All India Radio management over a diktat demanding that they submit to a "re-audition'', claiming that it is a retributive step for demanding better pay and work conditions.

Apple Inc has asked a federal court in California to block Samsung Electronics Co Ltd from selling its new Galaxy Nexus smartphones, alleging patent violations.

Shares in telecoms equipment maker Alcatel Lucent have jumped 20% after it reported an annual profit and said it was targeting better profit margins.