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

Launches snacks, protein bars and noodles under ACME Poshan

ACME Poshan (Photo: Company website)

India should not emulate or compete head-on with the massive Large Language Models (LLMs) currently dominating the AI landscape, Zoho founder and Chief Scientist Sridhar Vembu has said, advocating that the country should focus on smaller models or other approaches that are less-energy, less capital intensive.
The remarks come at a time when interest in artificial intelligence (AI) has peaked in India, with the country soon to host the India AI Impact Summit - the largest of the four major global AI congregations so far.
Vembu's view also aligns with the recent Economic Survey, which noted that India's limited access to cutting-edge compute infrastructure and capital makes pursuit of foundational models as the centrepiece of an AI strategy rather "challenging".
The Survey favoured a bottom-up approach to AI development saying it aligns more closely with realities.
In an interview with PTI, Vembu cited the USD 50-100 billion costs and high-energy demands of large models built by the 

Sridhar Vembu

Vembu said there is significant scope for research and development in AI, and added that Zoho is actively pursuing more energy-efficient routes, including smaller models or other approaches

India's housing market continues to be strong with steady growth in sales volume as well as pricing, Godrej Properties Executive Chairperson Pirojsha Godrej said, ruling out any concern on the demand side.
In an interview with PTI, he noted that the housing market has stabilised after witnessing a crazy growth for a couple of years post-COVID pandemic.
Pirojsha exuded confidence that the company would easily achieve its Rs 32,500 crore target of sales bookings for this fiscal.
The company would also meet the annual guidance in other key metrics -- collection of funds from customers, deliveries of projects, launches and business development (addition of land parcels for future projects), he said.
"Housing market as a whole is holding up. Lots of talk about market softening...But what we are seeing continues to be quite strong," Pirojsha said and highlighted the company's strong sales bookings during the last calendar year across all major cities including Mumbai Metropolitan Region 

Pirojsha Godrej, Chairman, Godrej Properties

Pirojsha exuded confidence that the company would easily achieve its Rs 32,500 crore target of sales bookings for this fiscal

Leading watch maker Titan Company expects sales of luxury Swiss watches to rise sharply in India following the recent India-EU Free Trade Agreement, which has further lowered import duties on such products, said a top company official.
The Tata group firm, which operates Helios and Helios Luxe formats, said Swiss brands will become more competitive in the domestic market as they pass on duty benefits to consumers.
Its Swiss segment has been growing substantially and is in talks with more brands for its chain of Helios and Helios Luxe, Titan Watches Chief Sales & Marketing Officer Rahul Shukla told PTI.
"Swiss watches will play a larger role, and the premium segment will drive the next phase of growth," he said.
Duties on Swiss watches have already come down from about 22 per cent to 15 per cent under the India-EFTA FTA, which came into force on October 1, 2025. Switzerland is part of the four-nation European bloc EFTA. The India-EU FTA is expected to further reduce duties.
"This .

The Tata group firm, which operates Helios and Helios Luxe formats, said Swiss brands will become more competitive in the domestic market as they pass on duty benefits to consumers

Infrastructure major Larsen & Toubro (L&T) plans to commission 18 MW of data centre capacity by March-end, taking its total operational capacity to 32 MW by the end of the current fiscal.
The total capital expenditure for the data centre stands at around Rs 1,000 crore.
In the semiconductor business, L&T is focusing on design-led chips and engaging with multiple customers, with most spending being expensed through the profit and loss account, the company said during Q3 earnings conference call.
As far as the electrolyser business is concerned, the company has developed a fully indigenous 4 MW stack and is upgrading it to 8-10 MW, expecting significant orders in the near term.
"As of now, we have almost 32 MW of capacity of Data Center, out of which 14 megawatts is up and running, another 18 megawatts will get commissioned by the end of this fiscal year," a company official said during the conference call.
"The total capex investment in the data centre is roughly in the ...

Larsen & Toubro

In the semiconductor business, L&T is focusing on design-led chips and engaging with multiple customers, with most spending being expensed through the profit and loss account

Sun Pharma will maintain a disciplined approach when it comes to acquisitions in order to allow the business to grow organically while remaining attractive for shareholders, according to Chairman Dilip Shanghvi.
The Mumbai-based drug major is also evaluating biosimilar segments, he stated.
"I think the US continues to be an important part of our focus, specifically for innovative medicines," Shanghvi said when asked about the company's M&A strategy in an analyst call.
The company is interested in selling innovative medicines globally, he added.
"For emerging markets, we are looking at what you call tuck-ins or smaller acquisitions, which we can look at integrating with our existing business to get scale in the emerging markets," he added.
The drug major has consistently indicated that it wants to remain disciplined about acquisition, Shanghvi said.
"Our focus is on finding a way to grow our business organically at a rate so that we continue to be an attractive investment ...

Sun Pharma

Dilip Shanghvi said that the firm will maintain a disciplined approach when it comes to acquisitions in order to allow the business to grow organically while remaining attractive for shareholders

Walmart-backed PhonePe, which aims to float its initial public offering (IPO) in April, plans to deepen its presence in India's digital payments market while expanding into financial services and new consumer platforms.
In its draft papers, the company said digital payments will remain the core driver of growth, supported by investments to expand its user base, addressable market and platform scale.
India's total addressable market for digital consumer payments stood at Rs 301 lakh crore in fiscal 2025 and is projected to grow to Rs 602-681 lakh crore by fiscal 2030, the company said, citing industry estimates.
According to sources, PhonePe is aiming to launch its IPO in April.
The proposed offering will be entirely an offer for sale of 5.06 crore shares by Walmart, Microsoft and Tiger Global, with no fresh issue component.
In January, the company received regulatory approval from the Sebi to proceed with its maiden public offering, following its confidential filing in September.

PhonePe

In its draft papers, the company said digital payments will remain the core driver of growth, supported by investments to expand its user base, addressable market and platform scale

The newly launched platform operates on a zero-commission model and does not charge any fee from restaurants, but only a standard delivery fee based on distance from customers

Ownly (Photo: Company Website)

Sequoia-led funding round triples voice-AI startup's valuation as it expands beyond speech into full audio stack

Artificial Intelligence

Climate-tech firm to use fresh capital to expand globally, deepen science capabilities and scale biochar-focused industrial partnerships

varaha, varaha climate tech

The scrapping of the Rs 10 lakh per-consignment cap on courier exports in the Union Budget 2026 is expected to ease bottlenecks for MSMEs and D2C startups and improve cross-border e-commerce economics

Photo: Shutterstock

Shailender Kumar, senior vice-president and regional managing director, Oracle India and NetSuite JAPAC talks about the recent Budget announcements and the India growth story

Shailender Kumar, senior vice-president and regional managing director, Oracle India and NetSuite JAPAC

KVB MD B Ramesh Babu talks about the future road map, product strategy, and business growth

Ramesh Babu, MD & CEO, Karur Vysya Bank

Swiss watchmaker Rado expects India sales to accelerate as import duties ease under the India-Switzerland trade pact, driven by premiumisation and outbound tourism

Adrain Bosshard, chief executive officer, Rado

TotalEnergies plans to ramp up LNG supplies to India, study expansion of Dhamra terminal, and deepen partnerships amid rising demand and geopolitical risks

Sang Ratnam, country chair and managing director-India, TotalEnergies

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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