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

Lenovo India expects rising data centre investments and AI infrastructure demand to double or triple the country's enterprise server market over the next few years

Shailendra Katyal, vice president and managing director, Lenovo India

Air India Group expects to get 50-60 new aircraft in the next 18 months and the transformation programme is on track even as the airlines' industry has been impacted by multiple black swan events, according to a senior executive.
Loss-making Air India was acquired by Tata Group in January 2022 and the airline is in the middle of an ambitious transformation plan.
Nipun Aggarwal, Chief Commercial Officer of Air India and Chairman of Air India Express, said there have been "tonnes of learning" in the last few years and that it was a complex as well as challenging" project.
"I think this industry itself has gone through several challenges. And we have been hit by multiple black swan events, which I don't think anybody could have forecasted when we started this transformation journey.
"The supply chain issues, the airspace issues, the oil price volatility, and the geopolitical issues," he said.
Aggarwal, who spoke after a panel discussion in Abu Dhabi on July 15, said the group was dea

Air India

Air India expects to receive 50-60 new aircraft over the next 18 months as it presses ahead with its transformation despite supply chain and geopolitical challenges

Driven by Tata Steel SEZ, Gopalpur industrial park has attracted over Rs 65,000 crore of investments across green hydrogen, solar, specialty chemicals and advanced manufacturing

Gopalpur industrial park

Realty firm Prestige Estates Projects Ltd has launched three housing projects during the April-June quarter with an estimated revenue of Rs 12,000 crore, as part of its expansion plan amid strong demand.
In its latest operational update, Bengaluru-based Prestige Estates Projects informed that the company launched four projects with a combined developable area of 20.16 million square feet. Out of four projects, three are residential properties in Hyderabad, Bengaluru and Mumbai. One  commercial project with a developable area of 3 million sq ft is in Bengaluru.
The company said the total revenue potential for these three residential projects is estimated at Rs 12,000 crore.
Irfan Razack, Chairman and Managing Director of Prestige Group, said, "Looking ahead, we have an exciting lineup of marquee launches across Mumbai, NCR, Bengaluru and Chennai during the festive season, which we believe will further strengthen our growth momentum."
Earlier, Razack had told PTI that the company has

real estate developers, Realty sector

The company said the total revenue potential for these three residential projects is estimated at ₹12,000

Reliance Retail Ventures Ltd (RRVL) will 'rapidly' scale its online business, expand dark stores and strengthen omni-channel capabilities, as the retailer expects these investments to translate into higher margins and earnings growth, a top company official said.
Outlining a three-year roadmap, Reliance Retail CFO Dinesh Taluja said the company will invest in the infrastructure of JioMart and omni-channel reach across platforms, even as margins have come under pressure from rising technology and dark-store investments.
"We are looking at growing our online businesses pretty rapidly during this year. We will expand dark stores. We will grow our omni-channel platforms. We will grow JioMart," Taluja said in the company's earnings call.
Besides, it will also focus on improving the operational metrics around availability, speed, and reliability with a market-by-market focus on achieving positive unit economics.
"Each market, the unit economics, we need to have a clear path to positive u

Reliance Retail, Reliance Retail Ventures, RRVL, Reliance Consumer Products, RCPL, Q1FY27, Isha Ambani, Mukesh Ambani, FMCG, earnings

The company also plans to improve profitability through a higher share of private labels, increased monetisation opportunities and greater marketplace income

Accenture has significantly expanded the number of employees receiving salary hikes, delivering the increase through a combination split equally between base pay and a one-time lump-sum payment in June, as it seeks to reward more staff while managing payroll amid the current macroeconomic environment.
The global IT services major is taking a different approach for its primary June cycle this year, following a period of limited "stay-at-level" increases last year, according to an internal memo viewed by PTI.
Under the new compensation structure, talent and group leads will determine an overall percentage increase for eligible employees, which will then be divided into two equal parts.
For instance, if the talent lead decides to provide an individual a 3 per cent increase, that will result in a 1.5 per cent increase to base pay and a 1.5 per cent lump-sum payment.
The company noted that this dual approach provides employees with immediate cash - a benefit many have expressed they val

accenture

The global IT services major is taking a different approach for its primary June cycle this year, following a period of limited 'stay-at-level' increases last year

Dr Reddy's Foundation -- a family-owned trust and one of the key beneficiaries of the CSR funds of pharma major Dr Reddy's Laboratories -- is scaling up operations at its Hyderabad soil testing facility with the lab targeting between 75,000 and 1,00,000 samples ahead of the next Rabi season -- more than double what it processed in its first full year of operations.
The move comes amid growing concern over depleting soil health and implementation gaps in the Centre's Soil Health Card scheme rolled out nationally in 2015.
"Though the government's soil testing ecosystem exists, the scale of the problem is huge. So we decided to address this issue in our own way," said Suman Saraswathibatla, Director (Rural Livelihoods and Climate Action) at the foundation.
This soil testing facility is central to the Foundation's broader soil health and regenerative agriculture programme, under which assessing soil condition is treated as the starting point for any intervention.
The push for an in-hou

dr reddy's laboratory , dr reddy , drl pharma sector

The move comes amid growing concern over depleting soil health and implementation gaps in the Centre's Soil Health Card scheme rolled out nationally in 2015

Accel, Elevation Capital and Nexus Venture Partners co-led the Series A round as Plazza expands its AI-powered pharmacy network and inventory intelligence platform

Aman Priyadarshi, Founder & CEO, Plazza

BNP Paribas Asset Management Alts led the Series B round as Rize expands exports, develops AI tools and scales carbon initiatives across Vietnam, Indonesia and other markets

investment, funds, funding

Cornerstone Ventures led the first close of Groyyo's Series B round as the startup plans to expand globally, strengthen its manufacturing network and invest in AI capabilities

The space-tech startup accelerator plans to select five to six startups for its third cohort around September as it expands support for early-stage ventures in India and overseas

kicksky logo

PNB says its low credit-deposit ratio gives enough room to sustain loan growth, delaying aggressive deposit mobilisation while focusing on margins

Ashok Chandra, MD&CEO, PNB

IBM says enterprise AI success hinges on governing autonomous agents with strong security, identity management, cost controls and auditability across hybrid environments

riram Raghavan, general manager of IBM Software India and Software Innovation Lab,

JSW Steel expects stronger H2 growth as domestic demand stays robust, export opportunities improve and lower raw material costs begin to support margins

Jayant Acharya, Joint MD & CEO, JSW STEEL

The Governance, Nomination and Remuneration Committee is expected to conclude the process soon before the proposal is sent to the RBI for regulatory approval

Kaizad Bharucha, deputy managing director of HDFC Bank

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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