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

Jio said it was operating its network in line with global routing standards after Telegram founder Pavel Durov alleged sabotage of access to the messaging platform

Reliance Jio

The government on Wednesday said it has sold a five per cent stake in the public sector reinsurance company, the General Insurance Corporation of India (GIC), with an enthusiastic response from investors to the offer for sale.
The stake sale is expected to garner about Rs 3,000 crore to the exchequer, taking the total proceeds from five PSU disinvestments so far in the current fiscal to around Rs 16,000 crore.
Non-retail investors oversubscribed the offer for sale (OFS) on Tuesday, putting in bids worth Rs 4,000 crore. The OFS opened for retail investors on Wednesday.
"Offer for Sale (OFS) in GIC Re closed with enthusiastic response from the investors. Government of India has divested 5 per cent of its stake in GIC Re with full subscription of base and green-shoe offer," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X.
Through the two-day OFS at a floor price of Rs 352 per share, the government proposed to divest 2 per cent of equity

General Insurance Corporation of India, GIC Re

Non-retail investors oversubscribed the offer for sale (OFS) on Tuesday, putting in bids worth ₹4,000 crore. The OFS opened for retail investors on Wednesday

Developer launches Rs 1,100-crore Tulip Melrose project on Southern Peripheral Road as part of a larger luxury housing expansion plan

towers, ultra luxury housing, real estate

Locally manufactured SUV becomes the most affordable Countryman in India and strengthens MINI's domestic portfolio

MINI launches Made in India Countryman C

Harsh Pati Singhania, the Chairman & Managing Director of JK Paper Ltd and Director of JK Organisation, has been elected Chair of the International Chamber of Commerce, according to a statement.
Singhania was elected as Chair after a meeting held at the ICC Global Headquarters in Paris on Thursday, the statement said.
Addressing ICC National Committees, Singhania said, "It is a great honour to take on the role of Chair of the International Chamber of Commerce, an institution that has stood for more than a century as a force for open markets, trusted rules and human progress."
Outgoing ICC Chair Philippe Varin assumes his new role as ICC Honorary Chair, continuing his engagement with the organisation. PTI RSN
1.0.

Harsh Pati Singhania

JK Paper CMD Harsh Pati Singhania has been elected Chair of the International Chamber of Commerce, succeeding Philippe Varin at the global body

The retailer's India arm has leased 8.3 lakh sq ft at Embassy Manyata Business Park, reinforcing Bengaluru's position as the leading hub for GCC-led office demand

office leasing, office spaces

Essel group Chairman Subhash Chandra has sold a prime Lutyens' Delhi bungalow to an unnamed businessman for Rs 1,260 crore in what is being touted as one of the costliest property deals in recent times, sources said.
The nearly 3-acre bungalow on Bhagwan Das Road in close vicinity to Connaught Place and India Gate has been bought by a "Delhi-based business family", the sources said, refusing to divulge the identity of the buyer.
The residential plot is on the same road as another plot that Gautam Adani conglomerate had bought in 2020 for a reported Rs 400 crore.
Sources said the Rs 1,260 crore deal will be closed by the first week of December.
A spokesperson of Zee Group declined to comment on the transaction.
Chandra had acquired the property in 2015 for Rs 304 crore, translating into a more than four-fold increase in value over the past decade.
In Lutyens Bungalow Zone (LBZ), there are around 3,000 bungalows. The LBZ is one of the most expensive real estate locations in the cou

Essel group Chairman Subhash Chandra (File Photo)

Essel group, Subhash Chandra

Chandra had acquired the property in 2015 for ₹304 crore, translating into a more than four-fold increase in value over the past decade

AI verification startup plans to use proceeds to train formalisation models, expand research team and scale operations across regulated sectors

investment, funds, funding

The Shaadi.com founder says India must strengthen digital sovereignty, curb Big Tech dominance and create a policy environment that supports homegrown innovation

anupam mittal, shark tank, shaadi.com

The quick-commerce platform saw strong growth in seasonal categories during March-May, driven by demand for personal-care products, beverages and mangoes

Flipkart Group CEO Kalyan Krishnamurthy turns into Flipkart Minutes Wishmaster for a day and delivers farm-fresh vegetables to Flipkart Minutes customers in Bengaluru

The Mumbai-based nutrition startup plans to expand distribution and grow its ingredient business as demand rises for clean-label and preventive-health products in India

Mr. Pranav Malhotra, Co-Founder & CEO, TruNativ

Joshi, who has been serving as acting CMD since October 2025, takes charge of the state-owned reinsurer following the retirement of N Ramaswamy

Hitesh Joshi | Image: Official Website

India is now among Mercedes-Benz's top 15 global markets and top five for Maybach as the carmaker bets on rising wealth and luxury demand

Mathias Geisen, Member of the Board of Management, Mercedes-Benz Group AG. Sales & Customer Experience

AI, semiconductors, FTAs and airport expansion will reshape India's logistics sector, creating new growth avenues, says Blue Dart's Balfour Manuel

Balfour Manuel, managing director of Blue Dart

As Hari Menon steps down as CEO, BigBasket shifts focus from market share to profitability, targeting break-even within 12-15 months

Hari Menon, co-founder of BigBasket

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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