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 Bharti Airtel executive vice chairman will lead the global telecom industry body through 2028, with Ralph Mupita and Margherita Della Valle serving as co-Deputy Chairs

Gopal Vittal, Gopal

Infrastructure major Larsen & Toubro (L&T) on Monday said that it has bagged significant orders from a prestigious client for the construction of residential buildings in Mumbai and Bengaluru, and a commercial tower in Hyderabad.
L&T classifies orders in the range of Rs 1,000 crore to Rs 2,500 crore as 'significant'.
The orders have been bagged by the residential, commercial buildings and factories business vertical of L&T.
In Mumbai, the company has secured an order for the construction of nine high-rise residential towers, comprising one basement and 50 floors each. In Bengaluru, it has won an order to construct nine residential towers with three basements and 25 floors each, the company said in a statement.
The commercial development in Hyderabad entails the construction of a premium commercial tower comprising five basements and 22 floors.
The business has also secured add-on orders for some of its ongoing projects.
Larsen & Toubro is a USD 32 billion Indian ...

Larsen & Toubro, L&T

L&T classifies orders in the range of ₹1,000 crore to ₹2,500 crore as 'significant'

The approval allows Razorpay to facilitate foreign currency transfers and offer multi-currency accounts from GIFT City under a single regulatory framework

Razorpay

Near-term earnings upgrades are being driven by the strong O2C business, but a recovery in retail growth and profitability remains crucial for Reliance Industries' stock performance

reliance, reliance industries

The microfinance lender said unauthorised transactions were made from one of its bank accounts on November 1, and it has sought fund recovery and the freezing of beneficiary accounts

Cyber fraud

The expansion ‌plan comes days after Ambuja reported a 34.7% fall in quarterly ‌net profit, ​hurt by ​higher fuel and freight costs

Ambuja Cements

Reuters

The offering will consist entirely of shares sold by parent Coal India, with no fresh issuance, according to the draft prospectus filed with Sebi

Coal, Coal India

Bloomberg

The company plans to enter battery energy storage and expand its solar, energy efficiency and wastewater treatment businesses

Two Point O Capital

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

MDR is not intended to be profit-accretive; bank will reinvest proceeds to improve scale of UPI

Debadatta Chand, MD & CEO, Bank of Baroda

LTM says AI is reshaping IT services delivery, eliminating traditional entry-level roles while creating demand for AI-native engineers, new skills and outcome-based pricing models

Gururaj Deshpande

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

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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