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

Near-term retail demand may stay sensitive to macro conditions

Mukesh Ambani, Chairman & MD, Reliance Industries

Reliance Industries will seek shareholders' nod for approval of internal transactions of over Rs 16.64 lakh crore spread over the next five fiscal years involving digital services subsidiaries Jio Platforms and Reliance Jio Infocomm, according to the notice for the 49th AGM filed by the company on Friday.
The meeting is scheduled to be held on June 19, 2026.
The biggest pie of over Rs 13 lakh crore in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network.
"The monetary value for transactions... for FY 2027-28 is estimated to be Rs 2,20,000 crore; and... in each of the subsequent financial years from FY 2028-29 to FY 2031-32 is estimated to be up to Rs 2,80,000 crore" for sale of Reliance Jio's recharge vouchers, Jio Fibre etc by Reliance Retail.
The total estimate includes a payment of Rs 76,800 crore by Reliance Jio to RIL for roll out of its telecom network on EPC (engineering, procurement, and constructio

reliance, reliance industries

The biggest pie of over ₹13 trillion in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network

LIC is looking to improve returns from real estate properties, and the insurer would also explore the option of a separate subsidiary to achieve greater efficiency in managing its vast assets, which are conservatively estimated at over Rs 60,000 crore.
"We have substantial real estate, both inherited and purchased over the period of 70 years that we have been operating. It is used both for our own use and as well as investment which earns returns for us.
"We look at each piece of real estate as an investment. As part of the asset, we expect each property to contribute towards the returns for the policyholders as well as shareholders," LIC CEO and MD R Doraiswamy told PTI in an interview.
In the recent past, he said LIC has initiated a comprehensive review of its real estate portfolio to assess the returns and yields it generates, and to identify opportunities for further optimisation and improvement.
This detailed analysis is aimed at enhancing returns for policyholders while also 

LIC is reviewing its vast real estate portfolio to improve returns and may explore a dedicated subsidiary for more efficient asset management

JSW Motors plans a Diwali brand launch, targeting India's premium NEV market with multiple models and aggressive localisation plans

Ranjan Nayak,  CEO, JSW Motors

PB Fintech co-founders Yashish Dahiya and Alok Bansal are set to sell shares worth up to Rs 654 crore through a block deal

PB Fintech

The SAIL-owned plant has partnered with GAIL to secure alternative fuel supplies amid propane shortages linked to the West Asia crisis

Rourkela Steel Plant

Reliance Retail sees near-term demand pressures but remains bullish on organised retail growth, FMCG expansion and deeper rural penetration

Reliance Industries, RIL

The fintech and payments industry is preparing a proposal for RBI seeking safe harbour provisions to protect compliant licensed entities from liabilities and retrospective regulatory action

FINTECH, UPI

GalaxEye founder Suyash Singh and his co-founders spent five years building Drishti, a satellite that sees through clouds even at night, and which was launched earlier this month on a SpaceX rocket

GalaxEye, Drishti satellite, IIT Madras alumni, SpaceX Falcon 9, OptoSAR, Earth observation satellite, synthetic aperture radar, Suyash Singh, Indian space startup, satellite imaging, private space sector India, IN-SPACe, NSIL, ISRO, defence surveill

India's data-protection framework offers some guardrails but leaves wide room for interpretation in how those rules apply to AI training

Representative image

Homegrown coffee chain abcoffee will use the fresh capital to expand across key urban markets and strengthen technology, operations and customer engagement

abcoffee, ab coffee, Image: Company Website

AWS is pitching Quick as a platform-agnostic agentic AI layer as Indian enterprises move from AI pilots to large-scale deployments

Jigar Thakkar, VP of Amazon Quick, AWS

On course to start a new 5,000 capacity plant in Saudi Arabia, says Dheeraj Hinduja, chairman, Ashok Leyland

Dheeraj Hinduja

Prateek Boob, co-founder, in an interview with Udisha Srivastav, spoke about the company's FY27 priorities, narrowing losses, AI-driven efficiencies, and plans to build a personalised AI tutor

Prateek Boob, Cofounder, PhysicsWallah

Berger Paints says recent price hikes have nearly offset rising raw material costs, with no immediate signs of demand slowdown despite oil-led inflation

Abhijit Roy, Managing Director (MD) and Chief Executive Officer (CEO), Berger | Image: Company Website

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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