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Indian Oil Corp (IOC) on Tuesday reported a standalone net profit of Rs 12,967 crore for the quarter ended September 2023, as against a loss of Rs 272 crore a year ago. Revenue from operations fell 11% to Rs 2.02 lakh crore in the reporting quarter, compared with Rs 2.28 lakh crore in the same quarter of last year. The Board has also declared an interim dividend of Rs 5 per share for the year 2023-2024. The record date for the same is fixed as November 10.

Petronet LNG share price continued its downward trend on Tuesday, a day after the company’s board approved to diversify into petchem business by setting up a Petrochemicals project at an estimated cost of ₹20,685 crore. Petronet LNG shares declined over 3% to hit a 52-week low of ₹195.15 apiece on the BSE on Tuesday. The fall comes after the stock cracked 8.5% in the previous session.

Gokaldas Exports has declared its financial results for the quarter ended September 30. The company reported a consolidated revenue of Rs 509 crore for the quarter compared to Rs 576.3 crore in the same quarter last year and a consolidated profit before tax of Rs 29.3 crore compared to Rs 49 crore for the same quarter last year. The company’s income and profit before tax also fell in the second quarter compared to the first quarter of the fiscal year 20023-24.

LTIMindtree Ltd. traded 1.33 per cent down at Rs 5077.7 on Tuesday at around 01:49PM (IST), while the benchmark BSE Sensex advanced 329.85 points to 64112.65. As many as 3,357 shares changed hands on the counter with a total value of Rs 1.71 crore.

Here's a look at the subscription and other details Mamaearth The public offer of Honasa Consumer, which operates the Mamaearth brand, was subscribed just 4% so far on the first day of the bidding process. While the retail category was booked 22%, the other two categories are yet to get off the mark. According to market sources, the company's shares are trading with a marginal premium of Rs 7 in the unlisted market. The issue is priced in the range of Rs 308-324, and at the upper end, the company is valued at nearly Rs 10,500 crore. The IPO includes a fresh equity issue of Rs 365 crore and an offer for sale of about 4.12 crore shares.

Bitcoin was trading 0.18% lower at $34,278, while its largest peer, Ethereum, was trading at $1,797, up 0.44% at around 12.49 p.m. Bitcoin is up 27% in October and looks to close the month above $34,000 with substantial gains. Based on 2019, the previous year before halving, November might encounter a brief pullback to keep the market healthy. $33,200 is the strong support level that Bitcoin must hold to surge ahead. Bitcoin dominance has experienced a minor decline this week as Solana, Polkadot and XRP register gains on the daily, said Vikram Subburaj, CEO of Giottus Crypto Platform. Edul Patel, Co-Founder & CEO of Mudrex, said, «Bitcoin has been hovering at the $34,300 level over the past 24 hours as traders anticipate the US Federal Reserve's decision on interest rates scheduled for Wednesday. For Bitcoin to maintain its upward trajectory, it will need to overcome the $34,700 resistance, or it may risk seeking support near $34,000.»

GAIL (India) Ltd. traded at Rs 116.95 on BSE at 01:59PM (IST) on Tuesday, down 1.43 per cent from previous close. The stock quoted a 52-week low price of Rs 87.9 and a high of Rs 132.45.

Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal are among the two sharks who had acquired stakes in the digital-first beauty and personal care company at an average cost price of just Rs 3.21 per share in August 2017. At the upper price band of Rs 324, the duo stands to make an astounding profit of Rs 38.27 crore translating into a return of 9,993%. Bahl and Bansal are selling 1,19,3250 shares out of the total 2,386,500 shares owned by them ahead of the IPO.

medical expenses. Reverse Mortgage Loan (RML) is a financial product that is meant explicitly for seniors so that they can monetise their homes while retaining their ownership during their lifetime. It is just the opposite of a home loan.

Macrotech Developers (Lodha) share price rose over 4 per cent in intraday trade on BSE on Tuesday, October 31, looking set to extend gains into the third consecutive session. The stock opened at ₹769.70 against the previous close of ₹759.60 and rose 4.5 per cent to the intraday high of ₹794. The company on Saturday (October 28), said in the seasonally weakest quarter, it saw its best-ever pre-sales performance showing 12 per cent year-on-year (YoY) growth along with continued debt reduction and robust business development.

Avenue Supermarts Ltd. traded 0.1 per cent down at Rs 3641.0 at 12:07PM (IST) on Tuesday, even as BSE benchmark Sensex gained 329.85 points to 64112.65. The scrip had settled at Rs 3644.9 in the previous session.

Bajaj Holdings & Investment Ltd. traded 0.59 per cent up in Tuesday's trade at 12:02PM (IST). Around 475 shares changed hands on the counter.

Brookfield-led consortium's A$15.35 billion ($9.78 billion) takeover offer for Origin Energy Ltd, casting doubt on the future of the bid. Origin Energy's largest shareholder, the A$300 billion AustralianSuper, owns a 13.68% stake and said the offer was «substantially below» its estimate of long-term value for Australia's biggest energy retailer. Origin shares were down 0.4% in early trade on Tuesday at A$9.13 each, which was above the $A8.81 offer price. The deal requires 75% support from the votes cast at a shareholder meeting, meaning AustralianSuper's holding could be enough to scupper the bid if not all shareholders vote. The high-profile intervention into one of the biggest takeovers this year comes as Australia's A$2.4 trillion pension sector increasingly flexes its muscle at home and overseas thanks to its burgeoning size in financial markets. Brookfield-consortium's offer price of A$8.81 per share has been deemed fair by an independent expert's report, however, it outlined a «roll forward» calculation that says Origin's shares could be worth an additional 40 Australian cents by the time a potential takeover is due to occur. The Brookfield-led consortium has given no indications publicly it is considering upping the value of its bid ahead of a shareholder vote planned for 23 November. However, AustralianSuper is not alone in its reservations over the price. Fund manager Perpetual told media last month the deal undervalued the energy company.

Indian Hotels Company Ltd. slipped 0.34 per cent to Rs 380.95 in Tuesday's trade. It hit a high of Rs 385.95 and low of Rs 380.5 during the session.

«In these six years, we have actually built six consumer-loved brands. Now, the kind of growth that we have seen our brands take, it does need certain investment,» says Ghazal Alagh, CIO, Honasa Consumer. Meanwhile, Ramanpreet Sohi, CFO, Honasa Consumer says, «Younger brands, of course, need a higher level of investments because they are in a phase where they are growing faster and we need to continue to invest behind them, so that is how we would like to put it.» Let us begin by talking about the kind of pace of growth that you are currently clocking in. How much faster than the industry are you currently growing at and how much faster are you likely to grow down the line? Ghazal Alagh: In the past few years, we have grown significantly faster than the market. The way our business model has been built actually focuses on the fact that there are certain playbooks and with each of the new brands that we launch and we have six brands now, the playbooks are replicable and they give us efficient growth with each of them. I think what we can say is that our aim is to continue to grow faster than the market and that is what we are going to focus on.

ICICI Lombard General Insurance Company Ltd. gained 0.4 per cent to Rs 1360.0 in Tuesday's trade. It hit a high of Rs 1373.05 and low of Rs 1336.05 during the session.

Info Edge (India) Ltd. rose 0.46 per cent to Rs 4096.95 at 11:57AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

SRF Ltd. traded 1.23 per cent up at Rs 2209.4 at 11:41AM (IST) on Tuesday, even as BSE benchmark Sensex gained 329.85 points to 64112.65. The scrip had settled at Rs 2182.55 in the previous session.

InterGlobe Aviation Ltd. traded 0.05 per cent up at Rs 2495.85 at around 11:52AM (IST) on Tuesday. The stock had closed at Rs 2494.55 in the previous session.

TPG’s $1.8 billion buyout of InvoCare has been approved by shareholders of Australia’s largest funerals group, ending two decades of public listing.