World Business News

A falling rupee, all-round growth across key industries and a healthy growth in its majority markets like the US and Europe allowed Tata Consultancy Services to meet street expectations for its third quarter results ended December 30, 2011.

Infosys regained its status as the most influential stock from Reliance Industries (RIL) on the stock market barometer, Sensex, as the shares of the IT giant outperformed that of Mukesh Ambani-led corporate giant.

HCL Technologies(HCLT.NS), India's No. 4 software services provider, is looking to grab a slice of $47 billion worth of global contracts up for renewal in 2012, as customers seek new approaches to navigate the global economic slowdown.

South Korea's Samsung Group has said it will invest a record 47.8tn won ($41.7bn; £27bn) this year to expand its various businesses.