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

Plans refining push in Tamil Nadu and Andhra Pradesh; lithium recycling capacity to rise to 300,000 tonnes in five years; magnet recycling capacity to increase 100-fold in two years

critical mineral block

Chiripal Group-backed solar module maker to scale cell capacity from 3 GW to 8 GW, with fresh funds from Bay Capital and institutional investors

solar, solar power, solar panels, solar projects

Launched in 2016, the brand grew popular for its range of "toxin-free" mom-and-baby products such as face washes, shampoos and hair oils

mamaearth

Reuters

Transrail Lighting on Friday said it has secured new Engineering, Procurement, and Construction (EPC) orders worth Rs 2,350 crore in domestic market.
The orders were primarily in the domestic Transmission & Distribution (T&D) segment along with a civil order and select wins in poles & lighting.
With these additions, the company's cumulative order inflows for FY26 have crossed Rs 7,980 crore, it said in a regulatory filing.
"The T&D order includes mainly construction of 765 kV transmission lines, along with contributions from civil and poles & lighting underscore our competitive positioning in the market. These orders take our FY26 inflows beyond Rs 7,980 crore," Transrail Lighting MD & CEO Randeep Narang said.
The company also holds lowest bidder position for projects worth over Rs 800 crore and maintains a healthy bidding pipeline across both domestic and international markets, he said.
Mumbai-based Transrail is an EPC player in the transmission and ...

power, energy

Mumbai-based Transrail is an EPC player in the transmission and distribution (T&D) segment, along with civil, railways, poles and lighting, having a footprint across 63 countries

Series F round led by Neo Asset Management will help risk and identity platform pursue acquisitions and strengthen its presence in key overseas markets

Ashok Hariharan

Power financiers say post-merger single-entity exposure limit will be 20%, expect adequate headroom for borrowings and smooth transition

POWER SECTOR, POWER, ELECTRICIT, NTPC, POWER BILL

ONGC's board of directors declared second interim dividend of ₹6.25 per equity. The total payout would be ₹7,863 crore for the dividend

ONGC Videsh

IndiaAI-backed startup to unveil 14bn-parameter voice model in six languages, with plans to scale to all 22 Indian languages within 18 months

artificial intelligence, AI applications, Indian startups, Silicon Valley, Gnani.ai

Chennai-based space tech start-up will use its patented upper-stage platform to host AI data modules in orbit, with NeevCloud as its first customer

agnikul

Online lending marketplace Olyv has raised $23 million in a Series B round led by Nandan Nilekani's Fundamentum to expand products across insurance, UPI and business loans

startup funding investment

The Bengaluru-based pet care platform will use the funds to expand technology capabilities, strengthen healthcare services and scale up its offline clinics and quick-delivery network

Supertails, pet care startup

The funding will be spent for boosting product and data capabilities, and strengthening the company's personalisations

Bihar Gramin Bank's JEEViKA exposure at ₹11,500 crore; NPAs below 2%

Mukul Sahay, Chairman of Bihar Gramin Bank

The latest message comes after Goyal earlier invited former Zomato employees to write to him if they wanted to return to the company

deepinder goyal

Carrier calls India a hyper-growth market, plans manufacturing expansion and aims to position the country as a regional export hub for HVAC solutions

Michael Gierges, president, climate solutions Asia Pacific, Middle East & Africa at Carrier

Google DeepMind's Pushmeet Kohli discusses AI's role in science, India's place in global research, and DeepMind's footprint in the country

Pushmeet Kohli, vice-president of research at Google DeepMind

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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