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

Fortis Healthcare's board has approved the reappointment of Ashutosh Raghuvanshi as Managing Director for two years from March 19, 2027, subject to shareholder approval

Ashutosh Raghuvanshi, MD & CEO of Fortis Healthcare

Amazon Seller Services has leased a 417K sq ft warehouse in Bhiwandi for nine years at a monthly rent of ₹1.26 crore, with annual rent escalation of 5 per cent

Amazon

The partnership will combine L&T Vyoma's sovereign AI infrastructure with Fortanix's data security platform and Nvidia Confidential Computing technology

Larsen and Toubro (L&T)

PhonePe on Wednesday announced the appointment of Srijon Biswas as its Chief Technology Officer (CTO) with immediate effect.
Biswas, who has been with the fintech firm for nearly a decade and previously served as the Head of Engineering, will now lead PhonePe's entire engineering organisation. He will continue to report to PhonePe Co-founder Rahul Chari, the company said in a statement.
As part of a broader evolution of leadership responsibilities, Chari, who previously served as the CTO, will assume the role of Chief Product and Technology Officer (CPTO) while continuing in his capacity as co-founder.
Chari's mandate already covered technology, product, trust and safety, and data sciences and analytics. He has recently added customer experience and artificial intelligence (AI) to his portfolio, alongside leading other strategic initiatives across the PhonePe Group.
"As PhonePe continues to expand and grow, strengthening our technology leadership is a natural step. Srijon's ...

Phonepe

Biswas, who has been with the fintech firm for nearly a decade and previously served as the Head of Engineering, will now lead PhonePe's entire engineering organisation

Tata Group expects its automotive business, including passenger and commercial vehicles, to grow to USD 100 billion in the next five years with a capex target of Rs 40,000 crore in the domestic business and about 20 billion (British) Pound for JLR, Tata Group Chairman N Chandrasekaran said on Wednesday.
Responding to shareholders' queries at the 81st Annual General Meeting of the Tata Motors Passenger Vehicles held virtually, he said the EV market share target will be to remain at 40-45 per cent. It is around 42 per cent at present.
Chandrasekaran said Tata Motors Passenger Vehicles Ltd will keep its focus on launching aspirational products for its current consumers as it sets sights on a 10-fold volume growth between FY20 and FY30 and command a 20 per cent market share.
"I want to say that both companies (Tata Motors Passenger Vehicles Ltd and Tata Motors Ltd) have got very ambitious targets. The next five years (till FY31) the Tata Motors Passenger Vehicles company, including Jagu

N Chandrasekaran

Chandrasekaran said Tata Motors Passenger Vehicles Ltd will keep its focus on launching aspirational products for its current consumers

India remains an important long-term market for Singapore's global investor Temasek Holdings, despite the near-term pressures, a top company official has said here.
"While near-term equity volatility and energy-related pressures may persist, we are constructive on the country's structural growth outlook -- supported by its large consumer market, infrastructure development, and growing middle class," Temasek said in a briefing on its latest financial performance on Wednesday.
The state investor said its focus is on capturing opportunities in sectors such as consumer, financial services, and healthcare, where underlying structural growth trends remain strong in India.
"India has done very well for us, although the last year has been challenging because of exchange rate volatility," said Temasek Chief Executive Officer Dilhan Pillay Sandrasegara in a video address.
More than 40 per cent of Temasek's portfolio is made up of Singapore-based companies, including DBS, Singtel and Singapor

Temasek

Singapore's state investor says it remains constructive on India's long-term growth story, citing opportunities in consumer, financial services and healthcare despite exchange rate volatility

By removing commission across all fashion price points, Flipkart is betting that better seller economics will bring more brands, products, and shoppers to its platform

Flipkart

Swiggy has expanded its Food on Train service to 180 cities, with orders tripling year-on-year in April-June 2026 as demand for onboard meal delivery gathered pace

Food and grocery delivery firm Swiggy has marginally narrowed its consolidated net loss in the second quarter of financial year 2025 (Q2FY25) to Rs 625.5 crore from Rs 657 crore a year ago. But sequentially, the loss was up as the firm had reported a

The first five startups backed under the government's RDI fund will develop indigenous technologies in space, defence, healthcare, batteries and biotechnology through milestone-based financing

Pharma, chinese labs, research, experiment, science

The travel platform's new loyalty programme offers reward points on every stay across more than 13,000 properties in India and overseas, targeting rising demand for travel

MakeMyTrip

Fizzy Goblet targets ₹100 crore revenue in two years

Kareena Kapoor Khan joins Fizzy Goblet as an investor

TAFE is strengthening supply chains and localisation amid rising costs while preparing to launch its electric tractor in Europe later this year

(L) Mallika Srinivasan, Chairman & Managing Director, Tafe, (R) Lakshmi Venu Vice Chairman, Tafe

Jindal Stainless on Monday said Kunjal Mehta has been appointed the Chief Financial Officer (CFO) of the company.
His appointment is with effect from June 25, the stainless steel maker said in a statement.
"Kunjal brings deep expertise across corporate finance, treasury, fundraising, and business transformation, along with a strong track record of value creation in large and complex organisations. I am confident his leadership will further strengthen our financial resilience and support our upward trajectory in the manufacturing business," Jindal Stainless MD Abhyuday Jindal said.
At Jindal Stainless, he will lead the company's financial strategy and play a key role in its next phase of growth, expansion, and value creation.
Prior to joining Jindal Stainless, Mr Mehta served as Chief Financial Officer at Adani Energy Solutions Limited. Over the course of his career, he has held senior leadership positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone ...

Jindal Steel LOgo

His appointment is with effect from June 25, the stainless steel maker said in a statement

Media reports have said that during the recent Tata Sons board meetings, questions were raised on the large investment in its ecommerce foray

Tata, Leadership, India's business leaders

AMD India, with a workforce of about 10,000, accounts for around 26 per cent of the company's global workforce, she said

Jaya Jagadish, country head and senior vice-president    of silicon design engineering at AMD India

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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