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

Haryana Gramin Bank has set up a dedicated IPO cell and, with support from PNB, plans to approach Sebi for listing by the end of the year, aiming to boost transparency and growth

Sanjeev Kumar Dhupar

Sunteck's rental revenue is expected to rise from Rs 70 crore in fiscal year 2025 (FY25) to Rs 320 crore and capital value from Rs 1,050 crore to Rs 5,000 crore by FY28-29

real estate, realty sector

Reliance Consumer Products Ltd said four of its brands have crossed the ₹1,000 crore mark, with gross revenue touching ₹15,000 crore year-to-date in FY26, aided by strong festive-quarter performance

Reliance Consumer Products, Velvette

The first project involves a 6 gigawatt solar cell and module manufacturing plant with integrated ingot and wafer facilities at Chhatrapati Sambhajinagar in Maharashtra

(L-R) Varun Karad, Paritosh Ladhani and Kushagra Nandan, has joined hands to form a new company, LNK Energy

Realty firm Lodha Developers Ltd's net debt rose 15 per cent during October-December period to Rs 6,170 crore because of aggressive land acquisitions for business expansion.
Lodha Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country.
In its operational update, the company informed that its net debt stood at Rs 6,170 crore at the end of the third quarter of 2025-26 fiscal year. The net debt was Rs 5,370 crore as on September 30, 2025.
"Despite the significant investment in business development in the first nine months of this fiscal, our net debt stood at Rs 61.7 billion, well below our ceiling of 0.5x net debt/equity," Lodha Developers said.
During the latest December quarter, the company acquired 5 land parcels in Mumbai Metropolitan Region (MMR), Delhi-NCR and Bengaluru to develop projects.
It acquires land parcels through outright purchases and  partnerships with landowners to create strong pipeline of future ...

During the latest December quarter, the company acquired 5 land parcels in Mumbai Metropolitan Region (MMR), Delhi-NCR and Bengaluru to develop projects

Nasdaq-listed Exlservice Holdings plans to set up two new centres in tier-2 or tier-3 Indian cities this year, as the data and artificial intelligence (AI) company looks to tap infrastructure and talent advantages beyond the metros, according to CEO Rohit Kapoor.
Kapoor told PTI in an interview that overall, the global IT spends are rising, with a catch - the allocations are skewed towards AI, infrastructure, and cybersecurity, areas that are creating opportunities for strong pivots from legacy maintenance and upkeep of technology services.
The firm, which employs nearly 45,000 of its 60,000-plus strong global workforce in India, is lining up client and infrastructure plans for the two new centres.
"From an infrastructure standpoint, we do think that going to the tier 2/3 cities in India will be important for us, so we've identified a shortlist of a couple of cities where we want to be able to build new infrastructure and to offer services to our clients from those locations," he ..

artificial intelligence, AI,

The firm, which employs nearly 45,000 of its 60,000-plus strong global workforce in India, is lining up client and infrastructure plans for the two new centres

A proposed board meeting of the Sir Ratan Tata Trust (SRTT), which was supposed to take up the appointment of Neville Tata, son of Tata Trusts Chairman Noel Tata, as a trustee on Saturday is understood to have been cancelled due to lack of quorum.
The cancellation of the meeting comes over two months after the failure of the first attempt to induct Neville Tata on the board of SRTT, which holds 23.6 per cent in Tata Sons, the promoter holding firm of the over USD 180 billion Tata Group.
"All trustees could not attend, which is a requirement for trustee appointment," a person with direct knowledge of the development said.
The meeting could be rescheduled in the next few days, the person added.
However, others said the cancellation could be to take more time for discussion among the trustees to reach a consensus on the appointment.
Query to Tata Trusts remained unanswered.
The trustees of SRTT are Noel Tata, Venu Srinivasan, Vijay Singh Jimmy N Tata, Jehangir HC Jehangir and Darius

Neville Tata

The cancellation of the meeting comes over two months after the failure of the first attempt to induct Neville Tata on the board of SRTT, which holds 23.6% in Tata Sons

While the average valuation of the top 20 startups was $1.78 billion, the remaining 80 had an average valuation of just $0.42 billion, nearly one-fourth of the top cohort

startups in India, start- ups, valuation, Fundraising

A decade into Startup India, most Indian unicorns are clustered in consumer and finance, highlighting limited depth in enterprise tech and frontier technologies like AI

unicorn

Gujarat, Arunachal Pradesh and Goa ranked as the 'best performers' in developing a startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade released on Friday.
Gujarat has been ranked as the best performer for the fifth time in a row.
Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, and Himachal Pradesh are categorised as the top performers.
The ranking is a yearly exercise under the Department for Promotion of Industry and Internal Trade (DPIIT) that evaluates all states and Union territories on their efforts to build an ecosystem conducive to startup growth.
A total of 34 states and Union territories (UTs) participated in the exercise. They are ranked under five categories -- best performers, top performers, leaders, aspiring leaders and emerging startup ecosystems.
The states and Union Territories were broadly divided into two sections based on their population size -- those

Startups, Indian startups

The exercise is aimed at supporting states and Union territories (UTs) in developing their startup ecosystem and learning from each other's best practices

Gaurav Munjal plans to franchise or sell physical centres while folding Airlearn into the company's core online platform

Gaurav Munjal, the chief executive officer of edtech firm Unacademy

As AI races ahead, tech leaders warn that without more women in leadership, innovation risks bias, exclusion and job losses that disproportionately affect women

Brenda Wilkerson, chief executive officer of AnitaB.org and Shreya Krishnan, the organisation’s managing director for India

Brenda Wilkerson, chief executive officer of AnitaB.org and Shreya Krishnan, the organisation's managing director for India

He will succeed Svetlana Boldina, whose term as Nestle India's CFO is set to end on January 31

Nestle India, Nestle

Reuters

Vikram Sahu says the country is central to the bank's global growth, citing strong GDP prospects, rising client demand and robust IPO and M&A momentum

Vikram Sahu, India CEO and Country Executive, Bank of America

LTTS CEO Amit Chaddha says the mobility business is set for a turnaround from Q4 as the firm pivots to engineering intelligence and reshapes its portfolio under a new five-year strategy

Amit Chaddha, chief executive officer (CEO) and managing director (MD), L&T Technology Services (LTTS)

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

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Pham Sanh Chau

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Yogesh Mathur, Director-Sales & Marketing, HMSI

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

JSW joint managing director and chief executive officer Jayant Acharya

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