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

Including the tax cuts, average pan-India cement prices ‌dropped 6 per cent on-year in the reported ​quarter, data from brokerage Ambit Capital showed

cement, cement sector

Reuters

Milky Mist Dairy Food has signed an MoU with the Maharashtra government to set up a large milk processing and dairy products manufacturing unit, creating about 800 direct jobs

K. Rathnam, CEO and Whole-time Director, Milky Mist Dairy Food Ltd, exchanging MoU documents with the Chief Minister of Maharashtra Devendra Fadnavis at the World Economic Forum in Davos

Swan Defence and Heavy Industries (SDHI) on Friday said it has bagged a USD 227 million (around Rs 2,080 crore) contract from Europe-based Rederiet Stenersen AS.
The company has received the order to manufacture and supply six 18,000 DWT (deadweight tonnage) IMO Type II chemical tankers from its shipyard in Pipavav, Gujarat.
Swan Defence and Heavy Industries, in a statement, said the order valued at USD 227 million is one of India's largest single commercial shipbuilding orders and the first chemical tanker order placed with an Indian shipyard.
The contract bagged from European shipowner Rederiet Stenersen AS also includes an option for six additional vessels. The first vessel is scheduled for delivery within 33 months, with subsequent deliveries planned at regular intervals. Each tanker will have an overall length of approximately 150 metres and a beam of approximately 23 metres. The vessels will be designed by Marinform AS and StoGda Ship Design & Engineering and classed by ...

Swan Defence and Heavy Industries (SDHI)

Swan Defence and Heavy Industries secured one of India's largest commercial shipbuilding contracts from Europe's Rederiet Stenersen AS to build six chemical tankers at its Pipavav shipyard

Brookfield-backed Chronos Properties has renewed a Rs 148 crore bank guarantee to stay in the race for acquiring the flagship Bandra Kurla Complex property of Infrastructure Leasing and Financial Services (IL&FS).
In an affidavit filed before the insolvency appellate tribunal NCLAT, Chronos Properties informed that it has tendered three demand drafts aggregating to Rs 148 crore with the registrar of the Mumbai-bench of the National Company Law Tribunal on December 19, 2025.
Earlier on December 5, the NCLAT had directed Chronos Properties to renew its bank guarantee within a month to avoid disqualification as a bidder for IL&FS Financial Centre (IL&FS HQ) at BKC, Mumbai.
"The appellant has complied with the direction passed by this tribunal in its order dated December 5, 2025, within the time frame (30 days) provided therein," said Chronos Properties in its affidavit filed before NCLAT recently.
Passing an interim order on December 5, the National Company Law Appellate ...

Real Estate, capital market

Brookfield-backed Chronos Properties renewed the bank guarantee as directed by NCLAT, keeping its bid alive for IL&FS' Bandra Kurla Complex headquarters amid a dispute over the revised valuation

Paytm on Friday issued a clarification to stock exchanges to address recent market speculation, stating that any potential impact from the conclusion of the RBI's Payment Infrastructure Development Fund (PIDF) scheme is expected to be significantly offset over time through higher revenues and more targeted sales efforts.
In a filing with the National Stock Exchange (NSE) and BSE, One 97 Communications Ltd said it has revenues recognised as incentives from the programme, linked to qualifying expenditure incurred towards the deployment of payment acceptance devices such as Soundboxes and EDC machines.
Addressing the scenario directly where the scheme is not extended, the company said it expects to "meaningfully offset the impact over time through a combination of stronger revenue growth and more focused, targeted sales execution".
The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the .

Paytm

The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the Northeastern states and Union Territories

Nadir Godrej also said the group's food ​and agri business, Godrej Agrovet, is looking for prospects in the animal feed category

Nadir Godrej

The SEC's lawsuit, filed in November 2024, alleges that Gautam and Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

Adani, Gautam Adani

Bloomberg

The startup group has asked the government to reassure global investors of a stable investment environment, asking it to issue a clarification that pre-2017 investments would not face taxes

Tiger Global, Supreme Court

Trai's move to shift debt collection calls to the 1600 series aims to curb fraud, but lenders warn it could force greater reliance on physical recovery methods

Trai

RBI's in-principle approval allows Payoneer India to expand cross-border payment services for importers and exporters, even as 19 entities have already received full PA-CB authorisation from regulator

Accel partners Shekhar Kirani and Rachit Parekh on why they're holding their Amagi stake post-IPO, the reopening of India's tech listing window, and where they're placing AI bets

Rachit Parekh and Shekhar Kirani, partners at Accel.

Sunil Mehta to step down as chairman of IndusInd Bank following completion of his term on January 30

IndusInd Bank

PNB Housing Finance MD Ajai Kumar Shukla says asset quality remains stable and margins steady near 3.6-3.7% despite rate cuts, with growth led by housing loans

Ajai Kumar Shukla, Managing Director & Chief Executive Officer, PNB Housing Finance

Founder Mohal Lalbhai says company will also invest $150 million, expand dealership network

Mohal Lalbhai, Founder and CEO, Matter Motor Works

Zomato and Blinkit parent Eternal has announced a leadership transition, with founder Deepinder Goyal stepping down as group CEO and Blinkit chief Albinder Dhindsa set to take charge from February 1

Referring to his successor, Albinder Dhindsa, CEO of Blinkit, (right) outgoing Eternal CEO Deepinder Goyal said Blinkit’s journey from acquisition to break-even took place under the former’s leadership

Referring to his successor, Albinder Dhindsa, CEO of Blinkit, (right) outgoing Eternal CEO Deepinder Goyal said Blinkit's journey from acquisition to break-even took place under the former's leadership

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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