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

Syngene International expects a stronger second half of FY27, driven by its order book and Zoetis supplies, while retaining guidance for a single-digit revenue decline.

Managing Director and Chief Executive Officer Siddharth Mittal

Rockwell Automation CFO Christian Rothe says India's strong R&D base can drive advanced manufacturing, automation and AI adoption, while helping MSMEs improve global competitiveness

Rockwell Automation Chief Financial Officer Christian Rothe

Indian Oil spent ₹12,162 crore in the first half of FY27, with refining and marketing accounting for the bulk of investments as major refinery expansion projects near completion.

Indian Oil

Godrej Properties expects a sharp rise in deliveries and earnings next fiscal, with sold-out projects worth ₹40,000 crore set for revenue recognition by March 2028.

Godrej Properties has lined up projects worth ₹32,000 crore for launch in H2 FY27 as it aims to meet its full-year bookings target of ₹39,000 crore.  | Image: Company's Website

Corporate governance advisory firm InGovern calls for a review of disclosures and a legally defined resolution of the TVS family dispute to protect minority shareholders

InGovern Research Services has called for a review of disclosures by TVS Holdings and TVS Motor amid the succession dispute within the TVS family, stressing the need to protect minority shareholders.

Eyeing a footprint in the global renewable energy market, homegrown Solex Energy plans to establish solar module and cell manufacturing capacities in the US as part of its USD 1.5 billion investment roadmap through 2030.
In an interaction, the company's Chairman Chetan Shah said that while the US remains the largest global solar market, steep anti-dumping duties on Chinese imports leave India as the sole viable supplier of low-cost alternatives.
When asked whether Solex Energy is exploring expansion in the US, he replied in the affirmative.
Sharing the rationale behind the move, he said Solex Energy is targeting the US market for expansion primarily to capitalise on the massive global demand for clean energy components while positioning itself as a reliable, cost-effective alternative to Chinese suppliers.
"The US is a high-potential market. While many Indian corporates are already present there, a healthy number of business houses, including us, are also looking to invest there," 

renewable energy

The company's US expansion will be part of its $1.5 billion investment roadmap through 2030, as it seeks to tap demand for clean energy components

Infrastructure Leasing & Financial Services (IL&FS) has approached the National Company Law Tribunal (NCLT) seeking recovery of Rs 185.88 crore "excess managerial remuneration" paid to its former directors and those of two group companies following the recasting of financial statements for five financial years, between 2013-14 and 2017-18.
In an application filed before the Mumbai Bench of the NCLT, IL&FS has sought directions to its former directors and two key subsidiaries, IL&FS Financial Services (IFIN) and IL&FS Transportation Networks (ITNL), to return the excess remuneration.
The company has sought an interim direction requiring the identified former directors "to deposit the excess managerial remuneration/undue gains in a separate interest-bearing fixed deposit account", during the pendency of the hearing before NCLT.
Scam-hit IL&FS said it paid remuneration to its erstwhile directors based on profits shown in the original accounts. However, when those .

National Company Law Tribunal, NCLT

IL&FS has sought directions to its former directors and two key subsidiaries, IL&FS Financial Services (IFIN) and IL&FS Transportation Networks (ITNL), to return the excess remuneration

London-based venture capital firm Octopus Ventures, along with KPN Ventures, has invested USD 38 million (around Rs 361 crore) in Netherlands-based enterprise connectivity platform Braid in a Series A funding round.
KPN Ventures is the venture capital investment arm of KPN, the Netherlands' leading telecom & ICT service provider.
Braid, launched in 2023, said it is profitable and cash-flow positive, with nearly 90 enterprise customers, including global fintech and travel brands.
The company will use the funds to accelerate international expansion, strengthen carrier partnerships and develop its embedded mobile connectivity infrastructure.
Braid operates a technology platform that allows businesses to incorporate branded mobile connectivity into their existing applications, digital products and customer services without becoming telecommunications operators themselves.
"We believe Braid is defining a new category in embedded connectivity and has the team, technology and ambition to

Octopus Ventures leads $38 million investment in Braid

Octopus Ventures, along with KPN Ventures, has invested $38 million in Netherlands-based enterprise connectivity platform Braid in a Series A funding round

Following Vikram-1's maiden orbital launch in July, Skyroot plans to begin commercial operations in early 2027 and scale up to one rocket launch a month by the end of next year

Skyroot Aerospace

AI agents must operate under strict controls, with enterprises held accountable for their actions, says Netskope CEO Sanjay Beri

Sanjay Beri, the founder and chief executive officer of Netskope

Accel partner Prayank Swaroop says Indian startups are listing publicly faster as the venture capital ecosystem matures, but AI firms will need to prove they can sustain growth and profitability

Prayank Swaroop, Partner, Accel

The drugmaker plans to deploy ₹500 crore for another acquisition within 12 months as it targets 25 per cent annual growth in its API business over the next five years

Ashok Nair, Managing Director, RPG Life Sciences

The defence shipbuilder plans clusters in Maharashtra and Andhra Pradesh, with a proposed investment of Rs 20,000 crore over five to seven years

Jagmohan

Hinduja Housing Finance on Friday announced the appointment of Vivek Kannan as its Chief Executive Officer.
Kannan, who joined the company as Chief Operating Officer in 2020, succeeds Sachin Pillai, who stepped down as Managing Director of the housing finance company on October 29.
Pillai will continue on the company's board as a non-executive director.
Kannan with over two decades of experience in the financial services sector will focus on strengthening the company's market presence and driving sustainable growth.
Commenting on the appointment, Dheeraj G Hinduja, Chairman, Hinduja Housing Finance said, under his leadership, the company will continue to strengthen its capabilities and deliver long-term value to its customers and stakeholders.
Hinduja Housing Finance is a subsidiary of Hinduja Leyland Finance Ltd.

Vivek Kannan

Kannan, who joined the company as Chief Operating Officer in 2020, succeeds Sachin Pillai, who stepped down as Managing Director of the housing finance company on October 29

Qualcomm sees growth opportunities in smart glasses, AI inference, edge data centres and satellite connectivity, with India emerging as a key market for affordable next-generation technology

Rajen Vagadia V-P, global distribution &  global carrier strategy, Qualcomm

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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