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News on Medial
IRCON share price: Rs 1,096 crore JV order win sends stock soaring 9%
Business Today
·
5m ago
Medial
IRCON International Ltd, in collaboration with Badri Rai and Co, secured a Rs 1,096.17 crore order for constructing a secretariat complex in Shillong, Meghalaya. The project, part of a joint venture with IRCON holding a 26% stake, will be completed in three years. IRCON's significant order book is Rs 22,000 crore, with 90% from domestic projects. The company forecasts a revenue of Rs 10,000-Rs 11,000 crore for FY25, experiencing a slight margin decline.
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ITI Ltd share price jumps nearly 9% on bagging order from Bihar govt worth Rs 300 crore
Money Control
·
11m ago
Medial
ITI Ltd saw a nearly 9% increase in its share price as it secured a Rs 300 crore order from the Bihar government. The order is for the supply and installation of 100,000 solar street light systems to the Bihar state government. This order comes in addition to the 80,000 solar street light systems the company is already executing in Bihar. ITI Ltd is a telecom manufacturing company and has been manufacturing solar panels for the past six years.
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Paytm grants new ESOPs ahead of quarterly results
Entrackr
·
4m ago
Medial
One 97 Communications Ltd, the parent company of Paytm, has announced the grant of 1,04,400 stock options to eligible employees under its existing One 97 Employees Stock Option Scheme 2019 (ESOP 2019). The grant was approved during a meeting of the company’s Nomination and Remuneration Committee held on May 6, 2025. Each stock option is convertible into one fully paid-up equity share of Rs 1 face value, and the exercise price for these options has been set at Rs 9 per share. According to the current market share price, the ESOP granted is worth Rs 8.7 crore. Additionally, the committee acknowledged the voluntary forfeiture, cancellation, and lapse of a total of 6,60,284 stock options, comprising 2,24,685 options cancelled and 4,35,599 options that lapsed under the scheme’s terms. Paytm is set to file its quarterly results for the fourth quarter (Q4FY25) today. It recorded Rs 1,828 crore revenue and Rs 208 crore loss in the third quarter of the previous financial year.
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Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump
Business Insider
·
10m ago
Medial
Jeff Bezos, the founder of Amazon, saw his net worth reach a record high of $228 billion following the US presidential election. The surge was driven by Amazon's strong earnings report and a boost in the company's stock price. Bezos owns nearly 9% of Amazon's stock, which has risen by over 40% this year. Along with other billionaires, Bezos benefited from the stock market rally after Trump's win, gaining nearly $53 billion collectively. Despite not endorsing a candidate, Bezos congratulated Trump and his company, Blue Origin, has won significant government contracts.
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Coforge Trades Ex-Split; Stock Opens 80% Lower Due to Technical Adjustment
OutlookIndia
·
3m ago
Medial
Coforge experienced a technical adjustment as its stock started trading ex-split, following a 1:5 stock split. This led to a recalibration of its price from Rs 8,499 to Rs 1,719. Despite certain trading platforms erroneously showing an 80% price drop, the stock rose 0.6% intraday. The stock split aims to enhance liquidity and affordability, without affecting market capitalization. Coforge recently reported a 34% profit rise and declared an interim dividend of Rs 19 per share.
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RVNL, Jupiter Wagons, IRCTC, Titagarh Rail shares rise up to 13% in volatile market
Business Today
·
6m ago
Medial
In a volatile market, shares of several railway-related companies saw significant increases. RVNL secured a contract worth Rs 554.47 crore for the Bengaluru Suburban Rail Project. Jupiter Wagons' stock rose by 8.7%, while Texmaco Rail Engineering surged 6.5%. IRCON International increased by 8%, IRFC by 4.4%, and Titagarh Rail by 4.29%. RailTel Corporation climbed 7%, and RITES grew by 4%. IRCTC experienced a 15% gain in its stock value.
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Paytm adds fresh ESOPs worth Rs 215 Cr
Entrackr
·
2m ago
Medial
Paytm, operated by One97 Communications, has granted 23.7 lakh stock options under its ESOP 2019 plan, according to NSE. At the current market price of Rs 906 per share, the total value of the grant stands at approximately Rs 215 crore. The development comes a couple of months after One97 Communications' Managing Director and Chief Executive Officer, Vijay Shekhar Sharma, voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore. Last month, Ant Group, the financial services arm of Chinese conglomerate Alibaba, recently offloaded around a 4% stake in One97 Communications for Rs 2,103 crore (approximately $246 million). According to the disclosure, the stock options carry an exercise price of Rs 9 each. Each option, once vested, is convertible into one fully paid-up equity share. Paytm further noted that 3,46,746 options were lapsed in the existing ESOP plan 2019. Paytm’s revenue declined by 16% year-on-year to Rs 1,911 crore in the fourth quarter of the last financial year ending March 2025, while reducing its losses by 96% to Rs 23 crore in the same period. For the full fiscal year, revenue stood at Rs 6,900 crore and losses were worth Rs 663 crore.
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RNVL Shares Surge Over 9% on Friday: Here's What's Driving the Rally
OutlookIndia
·
3m ago
Medial
Rail Vikas Nigam Ltd. (RVNL) shares surged nearly 10% on the National Stock Exchange following a significant contract win. The public sector undertaking secured a contract worth Rs 115.7 crore for upgrading the electric traction system in the Nagpur region, which boosted its stock price. Despite recent volatility, RVNL shares have shown a remarkable five-year growth of over 2,262%, although they remain down from their 52-week high.
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Paytm approves allotment of 2.8 lakh ESOP shares to employees
YourStory
·
1y ago
Medial
Paytm's parent company, One97 Communications, has approved the allotment of 2,81,394 equity shares to eligible employees through its Employee Stock Option Scheme (ESOP). The total issued capital of Paytm has increased, and the exercise price per share was set at Rs 9. Shares of One97 Communications saw an increase of almost 8.5% following the announcement. This comes after Zomato received majority approval for its ESOP expansion plan, and their quarterly earnings statement revealed plans for an ESOP pool of 18.26 crore employee stock options. Zomato is also reportedly in talks to acquire Paytm's events and ticketing business.
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Bullish calls on Maruti after UP's hybrid tax break sends stock to all-time high
Money Control
·
1y ago
Medial
Maruti Suzuki's stock price surged after the Uttar Pradesh (UP) government waived registration fees on hybrid cars. Analysts from Citi, Morgan Stanley, and Macquarie have expressed optimism about the move. The tax waiver is seen as a positive development for Maruti Suzuki, potentially leading to more hybrid model launches. The registration waiver could reduce the on-road price of hybrid cars by up to Rs 4 lakh. This policy by UP could inspire other states to adopt similar incentives, boosting the demand for hybrid vehicles.
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Zomato grants ESOP worth Rs 4.42 Cr
YourStory
·
5m ago
Medial
Zomato has granted stock options under its ESOP 2014 and 2021 plans. The company issued 158 options under the Foodie Bay Employee Stock Option Plan 2014 and 2.17 lakh options under the Zomato Employee Stock Option Plan 2021, each convertible into one equity share valued at approximately Rs 4.42 crore at a share price of Rs 203. Recently, Zomato laid off 600 customer support associates and fired over 500 employees due to AI-powered platform efficiencies.
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