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

QSR Asia exits Restaurant Brands Asia, selling 11.26% stake to Inspira Global; Rs 1,960 crore infusion planned via equity and warrants

acqusition, stake sale

RMZ will invest up to $10 billion in Andhra Pradesh over 5-6 years to build GCCs, hyperscale data centres and industrial parks across Visakhapatnam and Rayalaseema

RMZ, RMZ Corp(Photo: Realty Plus Magazine)

Zomato has leased over 270,000 sq ft of office space at Tata Realty's Intellion Park in Gurugram at a monthly rent of Rs 2.33 crore, amid strong office demand across India's top cities

zomato

Fair trade regulator CCI on Tuesday cleared Tata Steel's proposal to acquire a 50.01 per cent equity stake in Odisha-based Thriveni Pellets.
The development came after Tata Steel in December last year announced that it entered into a pact to acquire a majority stake in Thriveni Pellets Pvt Ltd for Rs 636 crore.
"The proposed combination relates to Tata Steel Limited's proposed acquisition of 50.01 per cent equity share capital of Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers Private Limited," the regulator said in a release.
Tata Steel Limited is engaged in integrated steel manufacturing operations, ranging from mining to steelmaking to further processing. It is also engaged in the mining of iron ore and the production of iron ore pellets, sponge iron and crude steel.
TPPL is engaged in the sale of iron ore pellets in the country. TPPL's wholly-owned subsidiary, Brahmani River Pellets Ltd, is also engaged in production and sale of iron ore pellets in India.
In 

Tata Steel

The development came after Tata Steel in December last year announced that it entered into a pact to acquire a majority stake in Thriveni Pellets Pvt Ltd for ₹636 crore

ITC Infotech CEO Sudip Singh has stepped down after seven years, with president and COO Manas Chakraborty set to take over the top role

Sudip Singh, chief executive officer and managing director, ITC Infotech (Photo: Company website)

Elan Group awards an Rs 840 crore construction contract to Tata Projects for its ultra-luxury residential project 'Elan-The Statement' in Sector 49, Gurugram

Real estate

AM Green signs pact with UP to invest $25 billion in a 1 GW AI hub in Greater Noida, powered by carbon-free energy, targeting hyperscalers and sovereign AI by 2030

Rupee

The firm has raised $100 million in seven months, with over 5 million users creating and shipping products in more than 190 countries

Emergent Co-founders- Mukund Jha & Madhav Jha

Fundamentum-led Series A backs materials-science research, in-house IP and expansion of an Asia-wide manufacturing network

Shrestha Kukreja, founder of Whizzo

Three Indian entrepreneurs on Monday came together here to launch a next-generation integrated clean energy platform, LNK Energy, with an initial investment of Rs 10,000 crore over the next five years.
It will begin operations with a 6 GW solar cell and module with an integrated ingot and wafer plant in Maharashtra, the organisers said during the launch on the sidelines of the World Economic Forum Annual Meeting 2026.
LNK Energy's areas of operation would include advanced manufacturing, green fuels, and renewable energy generation.
The company said its first project will be spread over 60 acres at Chhatrapati Sambhaji Nagar, Maharashtra, and will manufacture high-efficiency solar cells and modules using advanced technologies and global best practices.
It has signed an agreement with the Maharashtra government for setting up the project.
Its co-founders are Paritosh Ladhani, Joint Managing Director of SLMG Beverages, the largest bottler of Coca-Cola in India; Kushagra Nandan, ...

clean energy

They said the company will focus on supporting sustainable growth, responsible industrial development, and long-term energy security for India

While the average valuation of the top 20 startups was $1.78 billion, the remaining 80 had an average valuation of just $0.42 billion, nearly one-fourth of the top cohort

startups in India, start- ups, valuation, Fundraising

South Indian Bank expects loan growth above 12% by shifting focus from corporate lending to retail, MSME and agriculture, while margins face short-term pressure amid rate cuts

P R Seshadri, MD & CEO, South Indian Bank

Ola Electric said Deepak Rastogi is a veteran finance and business leader with over 30 years of experience in large, complex, capital-intensive industries, including automotive and manufacturing

Ola Electric, OLA

ITC will pursue selective, value-accretive acquisitions while banking on premiumisation and a gradual recovery in consumption to outpace FMCG industry growth

Hemant Malik, Executive Director of ITC and in charge of foods and personal care products businesses

As AI races ahead, tech leaders warn that without more women in leadership, innovation risks bias, exclusion and job losses that disproportionately affect women

Brenda Wilkerson, chief executive officer of AnitaB.org and Shreya Krishnan, the organisation’s managing director for India

Brenda Wilkerson, chief executive officer of AnitaB.org and Shreya Krishnan, the organisation's managing director for India

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

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Pham Sanh Chau

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Yogesh Mathur, Director-Sales & Marketing, HMSI

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

JSW joint managing director and chief executive officer Jayant Acharya

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