World Business News
The UK government has awarded 46 new exploratory drilling licences to firms, including Shell and Centrica, looking for oil and gas.
Top software exporter Tata Consultancy Services surpassed Reliance Industries on the last trading day of the year to become the country's most-valuable firm, capping a gloomy year for shareholders of the energy major controlled by India's richest man Mukesh Ambani.
Oil prices inched higher toward $100 a barrel Friday amid encouraging signs the U.S. economy is slowly improving and continuing tensions between Western powers and Iran.
MUMBAI: Close on the heels of becoming the world's largest seller of smartphones, Korean major Samsung has overtaken its Finnish rival Nokia to become the leader in the domestic market as well. This is the first time that Samsung's share - both in volume and value terms - exceeded that of its rival, Nokia, which had the leadership position till now.
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