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

Lithium-ion battery distribution and service network startup Pointo is betting big on the expanding e-auto segment, battery storage systems (BESS) and second-life products to bolster its revenue, while actively engaging with investors to raise Rs 70-100 crore for its next expansion phase, a top company official said.
The city-based startup, which previously raised Rs 6.2 crore in a seed funding round led by Equirus InnovateX Fund, plans to deploy the fresh capital to build an automated, large-scale refurbishment unit and expand its ground distribution network across the country.
The company has seen its revenue run rate jump to Rs 80 crore in FY26 from about Rs 3 crore in FY24, and expects to close the current financial year at a revenue of Rs 150 crore, Founder & CEO of Pointo Riki Biswas told PTI.
Founded in 2023 by Biswas, a chemical engineer from IIT Guwahati, along with three co-founders, Pointo aims to build a closed-loop supply chain across battery deployment, buyback, ...

Pointo

Lithium-ion battery startup Pointo plans to raise ₹70-100 crore to build an automated refurbishment unit and expand its distribution network

Japanese imaging and optical major Canon had discussions with all those engaged in key semiconductor manufacturing projects in India and plans to bring its technology and service centres to the country, said its India President and CEO Toshiaki Nomura.
Canon, a global supplier of lithography systems used in semiconductor manufacturing, said it is looking to support the development of India's semiconductor ecosystem as the government steps up efforts to establish domestic chip fabrication capabilities.
The Japanese technology major is sensing a "great opportunity" in the upcoming semiconductor manufacturing ecosystem promoted by the government, and the company will bring its technologies (lithographic machines) to help assist chip manufacturers to produce chips in India, he said.
"Now everybody knows semiconductor manufacturing is the buzzword in India. We have a lithographic machine to produce those chips... We bring our technologies to help assist the chip manufacturer to produce .

Canon

Canon, a global supplier of lithography systems used in semiconductor manufacturing, said it is looking to support the development of India's semiconductor ecosystem

India is NetApp's fastest-growing market in Asia, with the BFSI, manufacturing, IT services and public sectors - particularly central and state government departments - as key drivers of the company's revenue growth, CEO George Kurian said.
The San Jose-based data infrastructure company has also grown its global capability centre in Bengaluru, with the majority of global R&D processed out of the centre.
With a team of about 4,000 engineers, the centre is the largest for NetApp and is core to the global innovation work for the company across technology areas.
"India has been the fastest-growing market in Asia, and we are always looking to grow faster," Kurian told PTI on the sidelines of Insight 2026 here.
NetApp's global capability centre in India has become the company's largest and has consistently grown faster than the rest of the business, the India-born CEO of the company said.
Kurian, who has been driving the company's business growth as CEO since 2015, said NetApp is the ..

NetApp

The San Jose-based data infrastructure company has also grown its global capability centre in Bengaluru, with the majority of global R&D processed out of the centre

Digital services major Jio Platforms is likely to get listed by the end of this month at an enterprise valuation of USD 143-146 billion or above Rs 12 lakh crore, sources tracking the development said.
Jio Platforms IPO is touted as India's largest public offer at an estimated size of USD 3.8 billion.
The company has concluded overseas roadshows and is expected to file final papers with market regulator SEBI for the initial public offering in the week starting October 12, banking and other sources who did not wish to be identified told PTI.
"Based on interest received from overseas roadshows, Jio Platforms is likely to list at a base enterprise valuation of USD 143-146 billion or at least Rs 12 lakh crore by end of this month," one of the banking sources said.
An email sent to Jio Platforms (JPL) seeking comments based on available information did not elicit any reply.
The overseas roadshows held in the US, UK, Dubai, Hong Kong and Singapore were led by Jio Platforms Managing Dire

Reliance Jio, Jio, Jio IPO

Jio Platforms IPO is touted as India's largest public offer at an estimated size of $3.8 billion

State-owned GAIL (India) Ltd's Director (Marketing) Sanjay Kumar has been appointed Managing Director and Chief Executive Officer of Petronet LNG Ltd, effective May 13, 2027, when the position falls vacant.
According to a regulatory filing, Petronet's board cleared the top-level appointment during a brief 15-minute meeting held on October 2. Kumar will take over on May 13, 2027, when the existing CEO A K Singh's extended tenure ends.
Kumar, 59, will have a five-year term.
Petronet, India's largest gas importer, is majority owned by state-owned oil firms. While the superannuation age in public sector companies is 60 years, Petronet, though headed by the government's top bureaucrat in the Union Ministry of Petroleum and Natural Gas, is registered as a private limited company.
Petronet is not under any government watchdog like CAG or CVC and is beyond the purview of RTI. Its board executives enjoy higher remuneration than PSUs and also retire at the age of 65 years.
State-owned India

GAIL Director (Marketing) Sanjay Kumar

Petronet, India's largest gas importer, is majority owned by state-owned oil firms

The CBI has filed a charge sheet in the
Rs 3,750-crore cheating case against Reliance Communications Ltd. (RCom), former executives of the group and a former Chief Investment Officer of Life Insurance Corporation of India for causing wrongful loss to LIC, officials said on Saturday.
The CBI investigation so far has revealed that, in 2012, LIC subscribed to NCDs worth Rs. 1,500 crore issued by Reliance Communications Ltd. on the basis of serious misrepresentations, according to the central agency.
In its charge sheet filed before a Special CBI court in Mumbai, the agency has named as accused "Reliance Communications Ltd., two executives of the Reliance ADA Group, namely, Amitabh Jhunjhunwala, Group MD, Vishwas Joshi, Sr. VP, Reliance Capital Limited and P. Venugopal, the then Chief Investment Officer, LIC", a CBI spokesperson said in a statement here.
"The four accused have been chargesheeted for offences of criminal conspiracy, cheating and criminal breach of trust under the IPC, .

Reliance Communications

The agency said further investigation is continuing to ascertain the role of other accused persons and to investigate other allegations

Private refiners are cashing in on export margins, while state-run OMCs absorb losses from controlled pump prices and rising domestic demand

Gasoline, Petrol, diesel, fuel

The IPO is expected to be based on the company's existing valuation of $4.4-5 billion, with the issue targeted for March-April next year

initial public offering, IPO

Adyen's APAC President Gary Yang says India remains a key priority market, with plans to deepen its payments capabilities while expanding into fraud mitigation, loyalty, and usage-based billing

Adyen's Asia-Pacific President Gary Yang

Space-tech funding has surged as policy reforms, government-backed risk capital and access to Isro infrastructure allow private companies to move from development to commercial deployment

TakeMe2Space, SpaceX Falcon 9, orbital data centre, MOI constellation, Waymaker-2, RIDE Space, Nvidia Thor GPUs, OrbitLab, satellite computing, space technology

The edtech startup, backed by Accel and Prosus Ventures, plans to enter new states and CBSE while strengthening its AI research and vernacular-language capabilities

Arivihan founders in classroom

Flipkart attributed the growth in sellers to its zero-commission model, simplified onboarding and AI-led tools aimed at improving selection, pricing and catalogues

Sakait Chaudhary

Amarjit Singh Batra, general manager for South Asia, Middle East & Africa and managing director of Spotify India talks about what the brand is up to

Amarjit Singh Batra, general manager for South Asia, Middle East & Africa and managing director of Spotify India

It is a myth that a firm needs a corporate office in a high-rise in a major city like Chennai or Bengaluru, Kumar says. The Milky Mist corporate office sits directly above factory in a rural setting

T Sathish Kumar, Chairman and Managing Director, Milky Mist

The incumbent Anup Bagchi has tendered resignation after HDFC Bank announced his appointment on Thursday as MD & CEO of the bank, effective from October 13, 2026

Sidharatha Mishra | Photo: LinkedIn

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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