Business conglomerate Godrej Industries Ltd on Tuesday reported an 81 per cent increase in consolidated net profit at Rs 322.49 crore for the April-June quarter of 2024, on higher income.
Its net profit stood at Rs 178.06 crore in the year-ago period.
Total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, from Rs 4,893.40 crore in the corresponding period of the previous year, according to a regulatory filing.
Godrej Industries has presence in chemicals, estate management (real estate), finance & investments.
On business performance of its subsidiaries, joint ventures and associate companies, Godrej Industries said the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at Rs 3,311 crore in the first quarter of this fiscal.
Godrej Properties' total Income grew to Rs 1,638 crore in April-June period of this fiscal, from Rs 1,315 crore in the year-ago period.
Godrej Agrovet's total income declined to Rs 2,360 crore in the period under ..

Godrej Industries has presence in chemicals, estate management (real estate), finance & investments

Press Trust of India

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024.
It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing.
The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter.
It was at Rs 1,118.61 crore in the year-ago period.
Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output."
"With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

Business Standard

The wealth-tech firm plans to launch its MF Lite fund house in Q4FY27 after meeting regulatory requirements, potentially becoming the first AMC under Sebi's new framework

Jeet Marwadi, co-founder and managing director of 1 Finance

Sir Dorabji Tata Trust has submitted its response to governance complaints filed by two trustees, with the Maharashtra Charity Commissioner expected to decide the next course of action

Bombay house, Tata Sons

Gen Z shoppers drive Amazon's festive growth as premium brands double their sales share to 20%, while non-metro markets account for over half of fashion and beauty orders

Nikhil Sinha, director of Amazon Fashion.

The managed care company plans to open five hospitals across Bengaluru over the next six months as its valuation triples from its previous fundraise, taking total funding past $120 million.

Even Healthcare co-founders (L-R) Alessandro Ialongo, Matilde Giglio and Mayank Banerjee

The French technology company has leased office space at Maconns Grande in Noida's Sector 132 for 15 years at a monthly rent of Rs 3.755 crore, with a 10% escalation every three year

Sopra Steria | Image: www.soprasteria.in

The companies will develop 164 senior living units at Sarvam DXP in Gurugram, with prices starting at around Rs 3.7 crore per unit and handover expected in 48 months

Signature Global

Alembic Pharmaceuticals Ltd on Monday said it has received the final approval from the US Food and Drug Administration (USFDA) for its generic Ciprofloxacin and Dexamethasone Otic Suspension USP.
The product is indicated for the treatment of certain ear infections in paediatric patients aged six months and older, as well as adults and elderly patients.
The approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product (RLD), Ciprodex Otic Suspension, 0.3 per cent/0.1 per cent, of Sandoz Inc, the company said in a statement.
The drug is indicated for the treatment of infections caused by susceptible isolates of designated microorganisms in specific conditions, including Acute Otitis Media (AOM) in pediatric patients aged 6 months and older with tympanostomy tubes, and Acute Otitis Externa (AOE) in pediatric (6 months and older), adult, and elderly patients, it said.
Citing IQVIA data, the company said Ciprofloxacin and Dexamethaso

Alembic Pharmaceuticals (Photo: Company website)

The product is indicated for the treatment of certain ear infections in paediatric patients aged six months and older, as well as adults and elderly patients

India's auto tech companies raised USD 1.3 billion across 97 funding rounds so far this year, according to a report from data intelligence platform Tracxn.
The funding rounds were led by ride-hailing firm Rapido's USD 240 million, followed by electric two-wheeler manufacturer Simple Energy's USD 180 million and River's USD 102 million.
"India Auto Tech companies raised USD 1.3 billion across 97 rounds in 2026 year to date (2026 YTD) against USD 2.1 billion across 195 rounds in 2025. All funding figures are US dollar equity funding and exclude debt, grant, post-IPO and ICO funding," the report, India Auto Tech - 2026 YTD, said.
Automated parking solution provider Sotefin recorded the highest IPO market capitalisation at USD 35 million, followed by Victory EV India at USD 11 million and accessories company AutoFurnish at USD 6 million.
There were 10 rounds of USD 34 million or more, totalling USD 900 million during the period. These accounted for around 70 per cent of the total USD 1

startup funding investment

The funding rounds were led by ride-hailing firm Rapido's $240 million, followed by electric two-wheeler manufacturer Simple Energy's $180 million and River's $102 million

The digital billing and payments company will use the investment to expand teams, infrastructure, AI initiatives and product development at its India innovation hub

Invoicecloud

The Chennai-based retailer has added 54 Karnataka showrooms through Unilet and is preparing for its first major Dussehra and Diwali festive season in the state

ipo, initial public offering

Accel and Zacua Ventures co-led the funding round, which will help Origin scale deployment of its OG-1 robot, expand its fleet and run customer pilots in overseas markets

Construction Robot

South Indian Bank MD & CEO Mahesh Pai plans to enter the credit card business within six months, boost retail lending, expand branches and target 15-16% credit growth over the next two years.

Mahesh Pai, MD & CEO, South Indian Bank

We have enough room to grow credit at the pace at which overall deposits  are growing says Ashok Chandra MD & CEO of PNB

Ashok Chandra

Rajan Anandan, MD of Peak XV Partners spoke about opportunities in India's startup ecosystem, the role of govt policy, the Research, Development and Innovation Fund, and Peak XV's investment strategy

Rajan Anandan, managing director of Peak XV Partners

ReNew CEO Sumant Sinha said high nuclear power costs could limit adoption in India, while stressing the need for grid expansion, energy storage and domestic supply chains

ReNEW CEO | Image: www.renew.com

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Pham Sanh Chau

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Yogesh Mathur, Director-Sales & Marketing, HMSI

Two-wheeler demand likely to remain tepid until festival season, says HMSI

JSW joint managing director and chief executive officer Jayant Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

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