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

The funding takes Pixxel's total capital raised to $195 million and will support new satellite capabilities, Earth intelligence Software, sovereign systems and manufacturing expansion

technology startup funding

NTPC seeks key changes in draft SHANTI rules, including faster licensing, removal of new-company limits and utility-agnostic approvals

The NTPC Ltd. logo on a building in Noida, Uttar Pradesh, India

Joint venture will combine TRL Krosaki's quartzite mineral resources with RPEL's manufacturing expertise, proprietary technology and domestic and global network

Prasant Kumar Naik, Managing Director of TRL Krosaki Refractories and Sanjay Kabra, Chairman of RPEL at the MoU signing ceremony in Kolkata on Saturday

Jewellery retailer DP Abhushan is targeting Rs 15,000 crore in revenue by 2029-30, and plans to increase its store count to 51, particularly across tier-II and III cities, a top company executive said.
"Currently, we have 12 stores in Madhya Pradesh and Rajasthan. But now, we are expanding to Gujarat, Chhattisgarh and Maharashtra.
"We have set a target of 51 stores by 2029-30, mainly in central, north and west India. For this phase of expansion, we are adopting a franchise model, as well as company-owned," DP Abhushan Promoter Vikas Kataria told PTI.
He said the company achieved Rs 4,065.13 crore revenue in FY26, and with this expansion, it is eyeing Rs 15,000 crore topline by FY30.
DP Abhushan is targeting to be present in 7-8 states, he added.
The company is entering Chhattisgarh with a store in Raipur. In Maharashtra, it is exploring Nagpur and Nasik, and Dahod and Baroda in Gujarat, he said.
Meanwhile, in Madhya Pradesh and Rajasthan, Kataria said, the company is continuing t

Rupee

The company is entering Chhattisgarh with a store in Raipur. In Maharashtra, it is exploring Nagpur and Nasik, and Dahod and Baroda in Gujarat

Unicorn real estate platform NoBroker.com's revenue crossed Rs 1,000 crore last fiscal year, and it aims to become profitable in the next 8-10 months, a top company official said.
The proptech startup based in Bengaluru, established in 2013, operates mainly in listing properties for renting, buying, and selling, and does not charge customers any brokerage fees.
In the sector, it offers additional services, such as movers and packers, and manages housing societies through the NoBrokerHood app.
In an interview with PTI, NoBroker.com co-founder and CEO Amit Kumar Agarwal highlighted that the company's revenue grew to Rs 965 crore in 2024-25 from Rs 888 crore in the preceding year, helping it to reduce losses by 25-30 per cent to around Rs 300 crore.
In the last fiscal year, Agarwal said, "Our revenue has crossed Rs 1,000 crore although the final numbers are still being audited. We continue making strong progress towards profitability".
He noted that losses are declining every fiscal 

NoBroker

The proptech startup based in Bengaluru, established in 2013, operates mainly in listing properties for renting, buying, and selling, and does not charge customers any brokerage fees

Armed with a fresh investment war chest, Piper Serica expects to deploy Rs 180-220 crore across 4-6 deep-tech startups this fiscal, as it scouts opportunities in areas like space technology, semiconductors, advanced electronics, energy and life sciences, according to its Director Ajay Modi.
The investment firm's new Bharat Tech Fund, a Category II AIF, targeting a corpus of Rs 600 crore, alongside a greenshoe option of Rs 200 crore, has already raised about Rs 400 crore and evaluated around 30-35 startups in the hunt for the next investment, Modi told PTI.
The fund expects to make some of its first commitments over the next month or so, with investments typically ranging from Rs 25 crore to Rs 50 crore per company.
"We have already started the process of identifying opportunities; we have evaluated almost 30-35 startups already in the hunt for the next investment by the Bharat Tech Fund. We are close to making some advancements in our commitments in the next month or so," he ...

The fund expects to make some of its first commitments over the next month or so, with investments typically ranging from ₹25 crore to ₹50 crore per company

Maruti Suzuki's premium hatchback sales grew 28 per cent between April and August, compared with 17 per cent growth for the industry

Partho Banerjee, senior executive officer, marketing and sales, Maruti Suzuki India

Elevation Capital and Nexus Venture Partners also participated, while Urban Company's Abhiraj Singh Bhal, Snap's Ajit Mohan and entrepreneur Anand Ahuja joined as angel investors

(From left) Dishant Daryani and Utkarsh Gupta, founders, Comet

Open AI models and sovereign APIs enable ecosystem partners to build multilingual solutions, while TutorBot and Teacher Assistant Bot bring AI support to students and teachers

language, banks

The MALE-300 intelligence, surveillance and reconnaissance drone will have a 300-kg modular payload, 30-hour endurance and an operating altitude of 30,000 feet

New financing from Qualcomm Ventures, Labcorp, Alpha Wave, Blume and others will accelerate Ultrahuman's health intelligence platform and its global expansion

Mohit Kumar, founder and chief executive officer of Ultrahuman

Novartis doubles down on innovation in India, eyeing R&D, clinical trials and a stronger regulatory ecosystem while moving away from traditional generics

(From left) Judith Love, President, Asia Pacific, Middle East and Africa, Novartis; and Amitabh Dube, Country president and managing director, Novartis India

On what will make India an attractive investment destination, Love said: ''I think the number one for us to make India attractive is to create an innovative ecosystem.''

Judith Love, president, Asia-Pacific, Middle-East and Africa, Novartis

India's capex cycle gains momentum, creating opportunities across power, data centres, semiconductors and defence

Amisha Vora, chairperson and managing director of PL Capital Group and Siddharth Vora, Head of Quant Investment Strategies and Fund Manager, PL Asset Management

The CBI has registered an FIR against media baron Subhash Chandra for allegedly inflating his net worth to avail loans from Life Insurance Corporation Housing Finance Ltd (LICHFL), which became default, causing over Rs 1,322 crore loss to the public sector lender, officials said Saturday.
The LICHFL has alleged in its complaint, which is now part of the FIR, that Chandra submitted net worth certificates that were used to secure approval and disbursal of two loans totalling Rs 980 crore.
There as no immediate reaction from the accused named in the FIR.
The complaint concerns a Rs 500 crore facility extended to Vasant Sagar Properties Pvt Ltd, with Pan India Infra Projects Pvt Ltd as co-borrower, and a Rs 480 crore facility extended to Digital Subscriber Management and Consultancy Services Pvt Ltd, with Spirit Infra Power and Multi Ventures Pvt Ltd as co-borrower, the FIR alleged.
According to the complaint, the Rs 500-crore Vasant Sagar facility was sanctioned as a home entity loan 

Subhash Chandra CBI case, LICHFL fraud case, LIC Housing Finance loan, inflated net worth, net worth certificate, CBI FIR, loan default

CBI FIR alleges Subhash Chandra inflated net worth for LICHFL loans

According to the FIR, subsequent proceedings under the Insolvency and Bankruptcy Code, 2016, Chandra denied having the net worth stated in the certificates submitted to LICHFL

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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