News
Day: March 27, 2025

One 97 Communications Limited (Paytm) has allotted 93,219 equity shares to employees under the ESOP 2019 scheme. Approved by the Nomination and Remuneration Committee, the allotment increases the company’s total equity share capital. Paytm has informed BSE and NSE, ensuring compliance with SEBI regulations while aiming to motivate employees.

Jindal Steel and Power Ltd (JSPL) has urged the Ministry of Coal to address delays in mine operations caused by bureaucratic hurdles at the state level. Chairman Naveen Jindal emphasised the need for active monitoring, citing challenges faced despite the Coal Ministry’s support. Union Coal and Mines Minister G Kishan Reddy responded by affirming the government’s commitment to simplifying approvals and ensuring timely operationalisation of coal mines to meet growing production targets.

The India-Australia Economic Cooperation and Trade Agreement has opened doors for the sale of several premium products in India. However, India has excluded dairy and agriculture-based products from this agreement to protect the interests of local farmers. This move is facing resistance from the United States, which is demanding lower tariffs on all products, including agricultural produce. While premium products like Washington apples and Californian almonds and pistachios are already available in Indian markets, the US wants increased access for its dairy and cereal preparations, many of which are industrially produced and may end up directly competing with products of small domestic farmers if exempted from all duties.

Valued at approximately ₹4,140 crore, this deal accounts for 60% of the total ₹6,900 crore procurement for this artillery system and stands as the largest domestic defence contract secured by the company. Shares of Bharat Forge Limited closed at ₹1,155.40, down ₹27.50 or 2.32%, on Thursday, March 27.

Earlier this year, Bharat Electronics said it had received a ₹2,463 crore contract (excluding taxes) from the Ministry of Defence for the supply and services of Ashwini Radars to the Indian Air Force. Shares of Bharat Electronics Ltd ended at ₹300.70, up by ₹1.05, or 0.35%, on the BSE.