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

Lax Gopisetty was visiting the region in his personal capacity; Infosys says it is working with relevant agencies to gather information and establish contact

Infosys

The six months from February through July mark a sharp reversal for Vi. During the preceding six months, the carrier lost more than 3.6 million customers

VI, vodafone idea

Breather may address Chandra's directorship question

Tata group, N Chandrasekaran, Bombay house

The investor will sell up to 11.1 million units representing 25.03% stake on Aug. 31 for non-retail investors and Sept. 1 for retail investors, according to a filing.

Blackstone

Bloomberg

Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31.
The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website.
Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI.
The IPO will open on August 31 and close on September 2.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component.
The price band for the issue has been fixed at Rs 546-575 per share.
At the upper end of the price band, the issue values Purple Style Lab

Purple Style Labs

Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore IPO, which will open for subscription on August 31.

Ambuja Neotia Healthcare Venture Ltd (ANHVL) has earmarked an investment of around Rs 2,200 crore to expand its footprint across eastern India over the next four to five years, a top company official said on Friday.
It will add close to 1,800 beds to take the total capacity to 2,500 beds, Managing Director Parthiv Neotia said.
As part of the expansion, the healthcare arm of the Ambuja Neotia Group announced an investment of around Rs 150 crore to set up a 120-bed woman and child care facility in Howrah under its flagship Neotia Bhagirathi Woman and Child Care Centre network, which is expected to become operational by April 2029.
"Our existing four healthcare facilities have 700 beds, and we identified Howrah as a key growth corridor with a growing need for specialised women and child healthcare services," Neotia said.
He said the new centre aims to bring advanced clinical expertise and comprehensive maternal, neonatal, and paediatric care closer to local families, reducing the need

Ambuja Neotia Healthcare Venture Ltd

ANHVL has earmarked an investment of around Rs 2,200 crore to expand its footprint across eastern India over the next four to five years, a top company official said on Friday.

Tempsens Instruments gained 93.57 per cent on its listing day, while six of the 17 mainboard IPOs listed in August ranked among CY26's top 10 debut performers

IndiGo and Sarvam are working on AI applications for customer service, employee productivity and airline operations, with successful use cases set to be scaled up

Funding, Fund raising, Funding round

The/Nudge Foundation's investment platform will provide ₹2 crore to ₹16 crore in patient capital to seed-to-Series A ventures serving India's Next Billion across livelihoods and climate resilience

investment, funds, funding

Commerce and Industry Minister Piyush Goyal on Wednesday proposed an India-Japan startup pitching series, on the lines of the popular 'Shark Tank' format, to connect young startups from the two countries with investors and potential business partners.
Addressing a roundtable on startups, Goyal said such pitching sessions could be organised virtually, leveraging digital connectivity, to facilitate greater interaction between Indian and Japanese startups.
"India and Japan can develop a pitching series, something like the Shark Tank initiative, that can help young startups pitch," Goyal said.
He said Indian startups could pitch their ideas to Japanese investors, while Japanese startups could seek partners and business opportunities in India.
"In this world of global connectivity through Zoom calls and the internet, I think we can have more and more pitching sessions where Indian startups pitch for Japanese investments and Japanese startups pitch for partners in India," he said.
Goyal

Piyush Goyal, Piyush

"India and Japan can develop a pitching series, something like the Shark Tank initiative, that can help young startups pitch," Commerce and Industry Minister Piyush Goyal said.

Soaring AI-driven salaries and stock options are discouraging Indian chip-design talent from taking the risk of building deep-tech startups, TDK Ventures says

Ravi Jain, director of  TDK Ventures

Regulator imposes penalties totalling ₹1.05 crore over alleged lapses in the ₹44.87 crore SME IPO, including misleading disclosures and concealment of material facts

SEBI

TVS Motor has appointed Peyman Kargar as CEO from January 2027, with K N Radhakrishnan continuing until then and subsequently serving as a non-executive director

Peyman Kargar

Arundhati Bhattacharya believes the company has made sure to tackle customers' concerns

Arundhati Bhattacharya, president and chief executive officer (CEO), Salesforce South Asia

RMSI is a tech company delivering advanced solutions in geospatial intelligence, AI, and smart automation to help enterprises address complex challenges such as climate change and disaster management

(From left) Anup Jindal, CEO and joint MD, RMSI, and Roli Jindal, co-founder and CEO, RMSI Cropaltyics

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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