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

Energy giant shifts focus from thermal power to solar, wind

Renewable energy

Quick-commerce unicorn Zepto is set to raise approximately Rs 1,000 crore in a pre-IPO funding round at a valuation of around USD 4.5 billion, and has pushed back its initial public offering timeline, sources privy to the matter said.
The capital infusion is expected to be led primarily by domestic investors to raise Indian shareholding in the company, which currently stands at around 40 per cent.
Zepto's IPO, earlier targeted for July 2026, is held off for the time being, sources said.
A mail sent to Zepto did not elicit any response.
The USD 4.5 billion valuation marks a moderation from the USD 7 billion valuation Zepto commanded in October 2025, when it raised USD 450 million in a funding round led by the California Public Employees' Retirement System (CalPERS).
Founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra, Zepto filed its preliminary IPO papers in December 2025 through the confidential pre-filing route with the Securities and Exchange Board of India

Zepto

The capital infusion is expected to be led primarily by domestic investors to raise Indian shareholding in the company, which currently stands at around 40 per cent

Rs 322-crore funding led by Lightrock values Mahindra Last Mile Mobility at Rs 10,822 crore as the company targets a second-half FY27 listing

Mahindra EV

State-run miner explores partnerships across six Argentine provinces for copper, lithium and rare earths as it expands its overseas critical minerals strategy

Govt to sell up to 7.5% in NMDC via OFS on Tuesday, may get Rs 3,621 cr

NMDC

Automaker retains FY27 growth and margin guidance as it expects production to normalise after supplier disruption and export weakness caused by the West Asia conflict

hyundai

TPREL's 800 MW project combines solar, wind and battery storage under Andhra Pradesh's clean energy policy, with completion expected to boost renewable capacity

Tata Power, nuclear power India, Odisha nuclear plant, NPCIL, Bharat Small Reactor, BSR, Praveer Sinha, nuclear energy, small modular reactors, SMR, Atomic Energy Regulatory Board, uranium supply, clean energy, power sector, nuclear capacity India

E-commerce giant launches checkout credit across its platforms with PayU Finance as the first lending partner, betting commerce data can broaden access to consumer credit.

Flipkart

Sovereign AI startup appoints former Mistral and xAI executive as adviser as it expands globally and builds a one trillion-parameter foundation model

Sarvam AI

The made-in-India satellite battery-powered an experimental payload at an altitude of 450 km, validating its performance through launch and harsh orbital conditions

Powerbank-50

Battery Ventures and NewRoad Capital co-lead funding as startup expands AI agents that automate procurement and supply-chain spending for Fortune 500 companies

Freehand founders Abhijeet Manohar and Nitin Jayakrishnan

The logistics arm will expand through a franchise model and dedicated warehousing, giving businesses access to Flipkart's nationwide fulfilment and delivery network

Flipkart-owned logistics firm Ekart

Sarvam plans to launch a trillion-parameter AI model within six months and says it is open to government ownership as India advances its sovereign AI ambitions

Pratyush Kumar Cofounder, Sarvam

NTT Data says India remains its most important payments market despite zero MDR challenges, as it expands Adaptis and invests in value-added payment solutions

(L-R) Shinichiro Nishikawa, head, global payments strategy & transformation section, NTT Data Japan; Takeo Ueno, whole-time director & CEO, NTT Data Payment Services India; Rahul Jain, CFO, NTT Data Payment Services India (Photo: Kamlesh Pednekar)

Canara Bank expects to raise up to $2.5 billion through FCNR(B) deposits and overseas borrowings as it guides for stable margins and healthy credit growth

Brajesh Kumar Singh MD & CEO, Canara Bank

V. Jayasankar and Sourav Mallik appointed managing directors and co-CEOs, while Srinivasan takes on a strategic advisory role from August 1

S Ramesh , MD & CEO, Kotak Investment Banking

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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