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

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Business Standard

By eliminating referral fees across over 1,800 categories covering over 12.5 crore products, and reducing logistics costs, sellers can save up to 70 per cent in fees

amazon

The Bengaluru-based asset owner plans acquisitions and joint developments to expand beyond 40 million sq ft, backed by a strong pipeline, near-zero vacancy and fresh capital raising plans

Thirumal Govindraj, chief executive officer, RMZ Office

A Tata Trusts resolution backing a third term for N Chandrasekaran remains valid, even as questions linger over Tata Sons' future structure

Tata Sons Chairman N Chandrasekaran had indicated last week that a call on renewal of his term shouldn’t be taken without consensus between Tata Sons and Tata Trusts.

Tata Sons Chairman N Chandrasekaran had indicated last week that a call on renewal of his term shouldn't be taken without consensus between Tata Sons and Tata Trusts.

Sunil Mittal says Airtel will invest Rs 39,000 crore across India and Africa, expand data centre capacity beyond 1GW, and pursue only attractive opportunities while keeping shareholder value paramount

Sunil Mittal, Bharti Group

Bharti Airtel will deploy its AI-enabled spam protection tool on text messages sent via Google's messaging platform to protect its customers from potential digital fraud, as part of the collaboration between the two firms, the telecom operator said on Sunday.
Following the partnership, Bharti Airtel has called out other internet-based apps to work with it to fight against spam messages.
"By combining Airtel's network intelligence with Google's Rich Communications Services (RCS) platform and spam filtering, users get to experience RCS messaging with high-quality photo/video and interactive elements like message reactions, all while benefiting from enhanced protections that significantly reduce mobile spam and digital fraud," the statement said.
Airtel claims to have blocked a staggering 7,100 crore spam calls and 290 crore spam SMSes that has led to a huge 68.7 per cent decrease in the value of financial losses on its network through its AI enabled tools in the last 1.5 years.
Sever

Airtel

Several internet-based applications provide bulk messaging services in which senders can incorporate web links for transactions

Crackdown on payout API misuse in banned real money gaming may widen probe to payment aggregators and smaller banks amid heightened regulatory scrutiny

Rishi Gupta, managing director and chief executive officer (CEO), Fino Payments Bank

The DGGI's arrest of Fino Payments Bank MD Rishi Gupta in a probe linked to banned online gaming has intensified scrutiny of GST liability, programme managers and compliance networks

Fino Payments Bank

Seedcamp-backed Tattvam AI is building a reasoning-driven AI system to automate complex semiconductor design tasks, aiming to compress multi-year development cycles into weeks

(From Left) Lannan Jiang, Co-founder; Bragadeesh Suresh Babu, CEO and co-founder Tattvam AI

Seed round led by Bessemer backs MeltPlan's AI 'planning engine' to optimise preconstruction decisions across code, cost, schedule and value systems

MeltPlan is working with top enterprise contractors like DPR Construction in California and Innovo Group in the UAE to help in their planning or preconstruction phase of construction

Wootzwork is scaling a new manufacturing model that gives global OEMs a single, accountable partner for complex industrial programmes across India and Southeast Asia

L-R Himanshu and Karan

Kapil Thirani, vice president for Shopsy and Flipkart Marketplace, shares insights about Flipkart's zero-commission push to capture India's value-conscious Gen Z and first-time rural shoppers

Kapil Thirani, Shopsy, Flipkart Marketplace

Kapil Thirani

Ericsson to continue cost cuts through 2026, bets on India and AI-led 5G growth

Börje Ekholm, President and Chief Executive Officer, Ericsson

Jules Polonetsky says India's DPDP Act lays a workable foundation for AI governance, even as global consensus on regulation remains elusive

Jules Polonetsky, chief executive officer, Future of Privacy Forum

Royal Orchid Hotels Limited plans to expand to 250 hotels and 20,000 keys by 2030, remaining open to global partnerships and selective private equity while pursuing an asset-light growth strategy

Arjun Baljee, president Royal Orchid Hotels

McKinsey's Noshir Kaka says AI disruption could unlock a $15 trillion opportunity, but IT services firms must overhaul business models, talent, and pricing to win

Noshir Kaka, senior partner, McKinsey & Company

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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