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

Real estate firm The House of Abhinandan Lodha (HoABL) has prepaid a Rs 1,100 crore loan to private equity firm HDFC Capital, which it had raised to develop housing projects, comprising mainly plots.
In a statement on Sunday, HoABL said it has given an exit to HDFC Capital Advisors Ltd across many projects by making a payment of Rs 1,100 crore as the principal amount before the due date.
In 2023, HoABL partnered with HDFC Capital to set up a joint platform to invest in plotted developments and low-rise projects located in metros, Tier II cities and emerging markets in India.
HDFC Capital had committed around Rs 1,500 crore to the platform across 11 projects.
To date, HoABL has returned around Rs 1,100 crore to HDFC Capital under the platform.
Vipul Roongta, CEO of HDFC Capital, said, "HoABL is a new-age real estate company, which has successfully created a differentiated real estate niche, particularly through plotted developments, low-rise projects and focus on affordable and ...

Abhinandan Lodha, founder and chairperson of HoABL

Real estate firm The House of Abhinandan Lodha (HoABL) has prepaid a Rs 1,100 crore loan to private equity firm HDFC Capital, which it had raised to develop housing projects, comprising mainly plots.

The Bungalows, spread across 7.25 acres in Gurugram's Sector 59, will feature 243 luxury residences across two towers, with an estimated gross development value of ₹4,000 crore

Sahil Vachani, MD & CEO, Max Estates

Alembic Pharmaceuticals has received final approval from the US Food and Drug Administration for its Abbreviated New Drug Application for Binimetinib tablets for treatment of lung cancer.
The approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product, Mektovi Tablets (15 mg), of Array BioPharma Inc, the company said in a regulatory filing on Saturday.
Alembic is eligible for 180 days of generic drug exclusivity for Binimetinib Tablets, 15 mg and 45 mg, as it was one of the first ANDA applicants for the 15 mg strength and the sole first applicant for the 45 mg strength to submit a substantially complete ANDA with a paragraph IV certification, the filing said.
Binimetinib is a kinase inhibitor indicated, in combination with encorafenib, for the treatment of patients with unresectable or metastatic melanoma and non-small cell lung cancer with a BRAF V600E mutation, it said.
According to IQVIA, Binimetinib tablets have an estimat

Alembic Pharmaceuticals (Photo: Company website)

The approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product, Mektovi Tablets (15 mg), of Array BioPharma Inc

Noel Tata has backed investments in strategic sectors but questioned whether projects are being executed with enough discipline

Noel Tata

Bloomberg

State-run Oil and Natural Gas Corporation (ONGC) has taken over operations and control of the disputed Cambay offshore block from Vedanta Oil & Gas Ltd following a Delhi High Court ruling, according to regulatory filings by the two companies.
Vedanta Oil & Gas Ltd has recognised an impairment charge of about Rs 379 crore against assets and receivables linked to the block.
The takeover of the CB-OS-02 block took effect on July 22, 2026, after the High Court's single-judge bench dismissed Vedanta's challenge to the government's decision not to extend the production-sharing contract, ONGC said in its quarterly filing.
The block was operated by Vedanta, which held a 40 per cent participating interest; ONGC held 50 per cent, and Invenire Petrodyne Ltd had the remaining 10 per cent.
The government, through a September 19, 2025, letter, declined to extend the contract and directed the operator to hand over the block to ONGC.
Vedanta challenged the decision before the Delhi High Court

ONGC

Vedanta Oil & Gas Ltd has recognised an impairment charge of about ₹379 crore against assets and receivables linked to the block

Auto components major Samvardhana Motherson International Ltd (SAMIL) aims to leverage technologies acquired through its global expansion to tap emerging opportunities in India's automotive market, as higher product standards and the shift to stricter emission norms drive demand for advanced solutions.
The strategy is part of its broader Vision 2030 ambition to achieve USD 108 billion in topline gross revenue by 2029-30.
In an interview with PTI, Pankaj Mital, Whole-time Director and President, and Gandharv Tongia, Group Chief Financial Officer, outlined the company's growth priorities, including bringing globally acquired technologies to India, expanding its presence across business segments and geographies, and strengthening its customer relationships.
"We believe that India's growth will also benefit us significantly, particularly because we now own many technologies. The quality of products being manufactured and consumed in India is improving, and the country is also moving ...

Automakers, car makers, cars, automobile manufacturers, auto industry

The strategy is part of its broader Vision 2030 ambition to achieve USD 108 billion in topline gross revenue by 2029-30

Escorts Kubota plans to begin construction of a tractor facility in Uttar Pradesh early next fiscal year, with an initial capacity of 60,000 units that can be scaled up to one lakh units, as it prepares to expand production and tap future growth opportunities, a top official said.
In an interview with PTI, Escorts Kubota Ltd Chief Financial Officer Bharat Madan said the proposed facility near Jewar airport is expected to take around two and a half years to complete.
"I think in the next year we are starting the commercial construction of the greenfield facility which will be for another 60,000 tractors in phase one and we hope to complete that in the next 2 to 2.5 years," Madan said.
The capacity addition comes as the company is currently operating its tractor business at around 80-85 per cent average utilisation, with production utilisation touching nearly 90 per cent during the high-season quarter.
Alongside the proposed manufacturing expansion, Escorts Kubota is seeing encouragi

Escorts Kubota

Escorts Kubota Ltd Chief Financial Officer Bharat Madan said the proposed facility near Jewar airport is expected to take around two and a half years to complete

India's startup base crossed 250,000 in October, but seed funding fell 37 per cent in the first nine months of 2026, raising challenges for first- and second-time VC managers

startup funding, startups

The company plans to use IPO proceeds to deepen its engineering capabilities and expand into new consumer categories and proprietary components

Nvidia's chips underpin major Indian AI projects, including Reliance, Yotta, L&T, and Sarvam, even as chief executive Jensen Huang faces scrutiny over a suspected Chinese intelligence operative

Jensen Huang, Jensen, Nvidia

E-commerce platforms report a surge in AI-led product discovery during festive sales, while expanding its use to logistics, forecasting and customer support.

AI shopping agent, Artificial intelligence, AI agent

ToneTag is transforming soundboxes into voice-enabled banking assistants, expanding digital payments and merchant engagement through AI-powered technology

Kumar Abhishek, CEO, ToneTag

When Sunil Bharti Mittal set up a small manufacturing unit making bicycle parts in Ludhiana in 1976, he was barely 18. Fifty years later, the founder of Bharti Enterprises is presiding over a business empire whose flagship, Bharti Airtel, has become one of the world's largest telecommunications companies.
The journey from bicycle crankshafts to mobile networks, submarine cables and satellite communications has been marked by bets that often ran ahead of the market, setbacks triggered by policy changes and three major crises that Mittal describes as Bharti's "Mahabharatas".
Now, as the group marks its 50th anniversary, Mittal is preparing for another transformation. He wants Airtel to evolve from a telecommunications operator into a digitally enabled technology company, with connectivity at its core and businesses spanning artificial intelligence, sovereign cloud, digital finance and satellite services.
His prescription for India's digital economy is equally expansive: higher mobile 

Sunil Mittal

As Bharti Enterprises marks 50 years, Sunil Mittal outlines plans to expand Airtel into AI, cloud, digital finance and satellite services

D'Souza, an industry veteran with three decades of experience in the consumer space, joined the Voltas board as a non-executive director in May 2026

Sunil D'Souza

Haldar takes charge of the India two-wheeler business following Gaurav Gupta's resignation, as TVS Motor prepares for a wider leadership transition under incoming CEO Peyman Kargar

Aniruddha Haldar

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

Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News