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However, the weakening rupee is expected to benefit information technology (IT) companies, due to higher realisations from export earnings, and metals and mining companies.

While the company did not disclose the financial details of the transaction, based on the closing share price of Rs 375.65, the shares are worth around Rs 37.56 crore.
The decision for bonus follows a pact signed between the company and the Tata Workers' Union for annual bonus for last financial year.
Fast-moving consumer goods major Godrej Consumer Products Ltd plans to grow its revenue by 10 times in the next 10 years through acquisitions, both in India and overseas.
Can HCL Infosystems ever be a desi IBM with more than half its revenues coming from selling Nokia cell phones?
The company had registered a net loss of Rs 1,823 crore during 2009-10. According to the unaudited results of the company, the loss for 2010-11 is Rs 5,997 crore.