Articles written by Nivedita Hazra - Benzinga

MGL, IGL Shares Tank Up To 20% After Govt Cuts APM Gas Allocation For 2nd Straight Month

|This is the second straight month in a row that the gas allocation has been cut.

Mamaearth Shares Tank 20% To Sink Below IPO Price After Posting First Loss Since Market Debut

|Investors were also bearish as the company hit 20% lower circuit, reaching a record low of ₹297.25, which is below its IPO price of ₹324.

HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print

|The brokerage sees an expected order of large helicopter and Sukhoi aircraft as in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm's growth.

Mamaearth Swings To Loss In Q2, Revenue Declines 6.9% To ₹462 Cr

|On average, analysts had estimated the company to report a revenue of ₹500 crore.

CCPA Orders In-Depth Probe Into Ola Electric As Resolution Claims Fall Short: Report

|The probe was triggered when the government authorities found Ola Electric's claim of resolving 99.1% of complaints unsatisfactory.

Tata Motors Denies Report Of Establishing Holding Company For Demerged Entities

|The holding company will be chaired by Tata Group Chairman N. Chandrasekaran, along with other senior executives, the report said.

Zomato Shares Jump Over 4% Amid Chatter Of Nifty 50 Entry

|Nuvama anticipates that stocks like BPCL and Eicher Motors may be excluded from the index if Zomato and Jio Financial are included.

Mutual Funds Boost Stakes In RVNL, Suzlon, Yes Bank, Vodafone Idea In October

|Mutual funds bought 54.27 crore shares of Suzlon in the month, representing a 5.9% month-on-month increase. Its total value stood at ₹3,630 crore.

IRFC To Broaden Lending Operations Beyond Railway Projects: Report

|The corporation's market borrowings are negligible, with the majority of its borrowings used for the purchase of locomotives, wagons, coaches, and project funding.

While Ola Electric Shares Hit All-Time Lows, SoftBank Says It's In No Hurry To Sell But Planning 'Thoughtful, Gradual' Exit

| SoftBank's results for the July to September quarter, show that Ola contributed $401 million (₹3,384 crore) to the Vision Fund.

NBCC Appoints Anjeev Kumar Jain As New CFO

|Jain, on the other hand, has nearly three decades of comprehensive experience in finance and accounting across multiple sectors, including power, railways infrastructure, infrastructure consultancy, and renewable energy.

NTPC Green Energy IPO To Open On Nov 19: Check Price Band

|The IPO is scheduled to list on the BSE and NSE tentatively on November 27, 2024.

Can Tata Motors Shares Shift Gears? These Analysts See 40% Surge Ahead

|It sees a stronger second half compared to last year driven by driven by strong volume growth and enhanced operational efficiencies

Macquarie Sees 50% Downside For Zomato, Stock Rebounds After Falling Over 2%

|Macquarie has lowered its earnings estimates while highlighting downside risks to the consensus outlook.

Swiggy Lists At ₹420: Macquarie Flags Risks As It Initiates Coverage With 'Underperform' Call

|The much awaited IPO is expected to compete with Zomato which listed in the bourses in 2021. These are the only two major players in the Indian food delivery industry.

The Secret Sauce For Veeba's Success: How Viraj Bahl Build The Company From Ground Up After Selling His Family Business

|Viraj began his professional journey in 2002 by joining his family's food processing business. His family was the original owner of FunFoods, which they later sold to Dr. Oetker.

Nykaa's Q2 Net Profit Soars 72% To ₹10 Cr, But Misses Estimates

|The beauty segment, which includes Nykaa's online beauty platform, owned beauty brands, and physical stores, among other components, generated a revenue of ₹1,702.89 crore.

Niva Bupa IPO: Here's How You Can Check Allotment Status

|The issue comprises a fresh issue of 10.81 crore shares aggregating to ₹800 crores and an offer for sale of 18.92 crore shares aggregating to ₹1,400 crores.

Nykaa Shares Muted Ahead Of Q2 Results: What To Expect

|Their estimates are backed by Nykaa's previous guidance for a consolidated net revenue growth in mid twenties.

NTPC Green Lights L&T's Plan To Set Up Thermal Power Plants In Madhya Pradesh, Bihar

|The work encompasses design, engineering, manufacturing, supply, erection, and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, and the associated mechanical, electrical, instrumentation, and civil works.