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

Bank of Baroda said it had not been served with B R Shetty's $15 billion suit and would defend itself firmly, adding that the allegations remained untested in court

Bank of Baroda

The anchor investor bidding date is October 19, while the public issue will remain open for three days, from October 21 to October 23, 2026

Reliance Jio, Jio, Jio IPO

Reliance Consumer Products Limited announced its entry into the ready-to-drink dairy market with the launch of Joyland flavoured milk in Tamil Nadu.

joyland reliance

It is targeting annual returns of 16% to 18%, Deepak Padaki, president of Catamaran Ventures LLP said on the sidelines of Bloomberg's New Economy Forum

Narayana Murthy, Infosys

Bloomberg

Volvo Buses India on Wednesday said it has secured an order from the Maharashtra State Transport Corporation (MSRTC) to supply 200 buses, including 30 sleeper buses.
The order is the single-largest for Volvo Buses in India and marks a significant commitment to strengthening premium intercity public transportation in the state, the company said.
"This landmark order reflects our shared commitment to elevating travel and making premium passenger experiences more accessible for the citizens of Maharashtra," said Suresh Chettiar, Executive Vice President, Bus Division, VE Commercial Vehicles Ltd.
The order comprises 170 seater buses and 30 sleeper buses, the company said.
Manufactured at the company's Hoskote facilities, the Volvo 9600 is available in both seater and sleeper configurations, it said.

Volvo

The order is the single-largest for Volvo Buses in India and marks a significant commitment to strengthening premium intercity public transportation in the state

Tata Power on Wednesday said it is emerging as a preferred partner for India's fast-growing data centre ecosystem, with a diversified opportunity pipeline of over 2.8 GW spanning renewable energy, transmission and distribution opportunities.
As demand from AI, cloud and digital platforms accelerates, the company is expanding its role beyond power supply to provide a comprehensive suite of solutions, including powered land, transmission and grid connectivity, renewable energy, storage, cooling and utility infrastructure, enabling the development of hyperscalers and advanced data centre facilities, a company statement said.
Tata Power has built a strong and diversified data centre opportunity pipeline, comprising approximately 430 MW of upcoming load under its distribution network, 1,236 MW of transmission-linked opportunities, and 1,150 MW of green energy capacity under active engagement.
With 29 active workstreams across 18 leading global and domestic Data Centre Operators, Tata Pow

Tata Power, power grid

Tata Power is playing a key role in powering some of India's largest hyperscalers and AI-ready digital infrastructure projects

Emami, ITC, Britannia and Orkla India are among the companies interested in Farmley, as early investors explore a stake sale that could value the healthy snacking brand at ₹2,000 crore

Farmley

The RBI's interoperability push will allow account aggregators to work across the network, reducing dependence on bilateral tie-ups and potentially improving customer onboarding for lenders

Bank deposits will join the Consolidated Account Statement (CAS) from January 1. But will the move finally give consumers a complete picture of their financial life?

Bank deposits join CAS: What you may see, what may still be missing

Avaana Capital and Shastra VC co-led the funding round, which will help NuSynth expand R&D, develop proprietary chemical processes and build AI-enabled scale-up capabilities

investment, funds, funding

The Nandan Nilekani-backed growth-stage fund plans to invest ₹100-200 crore each in 12-15 AI and deeptech companies over the next two to three years, with a hard cap of ₹3,500 crore

(From left) Ashish Kumar, Debraj Banerjee, and Vivek Singla of Fundamentum Frontier Advisors

The edtech startup plans to expand from 40 to 120 institutions in two years and strengthen its AI-led learning platform, academic capabilities and skilling programmes

funding winter

Radisson plans to launch its first branded residence in India by December and double its hotel portfolio to 500 by 2030, says global development chief Elie Younes

Elie Younes, executive vice-president and global chief development officer, Radisson Hotel

Hughes India CEO Shivaji Chatterjee says its satcom and non-satcom businesses are now equal in size, while faster regulatory approvals could unlock growth in satellite connectivity.

Shivaji

Mittersain will become a non-executive director as Nazara reshuffles its leadership, appoints a new CFO and approves a ₹730.78 crore share allotment to five individuals

Nitish Mittersain, CEO of Nazara Technologies

Aarthi Subramanian, executive director, president & chief operating officer, TCS talks about the company's AI journey and Tata Sons board tussle, among other issues

Aarthi Subramanian, Executive Director, President and Chief Operating Officer, TCS

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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