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

The two organisations signed a Memorandum of Understanding (MoU) to create greater awareness among MSMEs about equity financing, particularly through the BSE SME platform

MSME credit scheme, aviation sector India, Emergency Credit Line Guarantee Scheme, ATF prices, West Asia crisis, airlines India

The lender expects its cost of funds to fall to 9.75-9.8 per cent after its AA- rating upgrade and plans to raise the non-JLG portfolio share to 40 per cent in two years

Muthoot Microfin

The bank plans to sell a benchmark-sized three-year US currency note and is holding calls with fixed-income investors starting Monday

YES BANK

Bloomberg

Infrastructure major Larsen & Toubro (L&T) on Monday said it has bagged a ultra-mega order in the Middle East for the development of multiple offshore facilities.
The company classifies orders worth over Rs 15,000 crore as 'ultra-mega'.
L&T Energy Hydrocarbon Offshore (LTEH Offshore) will undertake the engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities, the company said in a filing to BSE.
The award of the project reinforces LTEH Offshore's long-standing presence in the Middle East and reflects the confidence placed by customers in its ability to deliver large and complex offshore projects safely, on schedule and to the highest quality standards.
Backed by integrated in-house engineering, project management, procurement, fabrication and installation capabilities and a fleet of vessels, LTEH Offshore has delivered some of the region's most challenging offshore developments.
Over the past four decades, the business has ...

Larsen & Toubro

L&T Energy Hydrocarbon Offshore (LTEH Offshore) will undertake the engineering, procurement, construction, installation and commissioning (EPCIC) of offshore facilities

Sky Gold & Diamonds Ltd, said on Monday it has been added to the MSCI India Domestic Small Cap Index as part of the latest index review by MSCI.
The company said the inclusion reflects its growing presence in India's listed small-cap universe.
Sky Gold also said it turned operating cash flow positive during the current quarter, a step it described as improving working capital discipline. The company said it remains focused on balancing business expansion with profitability and cash flow generation.
The jewellery maker said it is strengthening its governance and management framework, including a structured leadership approach and reinforced financial and governance processes, and has engaged a large global accounting firm.
Sky Gold said it continues to focus on lightweight and value-added jewellery, while expanding its customer base and its presence across organised jewellery retail.
The company said its asset-light manufacturing model remains central to its strategy of scaling ...

gold, gold prices, gold silver prices

The jewellery maker said the inclusion will broaden its visibility among institutional investors, while it also reported positive operating cash flow and continued focus on profitable growth

TCS said its platform allows pharma firms to build and deploy customised AI agent hubs across workflows with minimal integration and implementation effort, while maintaining regulatory compliance.

Juniper Green Energy Ltd (JGEL) on Monday said it has received a Letter of Award (LoA) from the Solar Energy Corporation of India Limited (SECI) for a 230 MW Firm and Dispatchable Renewable Energy (FDRE) Round-the-Clock (RTC) Power Project at a tariff of Rs 5.26 per unit.
Juniper Green Energy emerged the winning bidder for the project in the e-Reverse auction conducted by SECI for its 1,000 MW FDRE Round-the-Clock Renewable Energy tender on August 6, 2026, a company statement said.
The tender is among India's most innovative renewable procurement tenders requiring renewable energy projects and storage systems to mimic the reliability profile of thermal generation.
The project will be implemented in Rajasthan and will be connected to the National Grid. It will be backed by a  25-year Power Purchase Agreement (PPA) with SECI.
It will leverage Juniper Green Energy's integrated development capabilities across solar, wind and battery storage technologies to ensure consistent and reliabl

Juniper Green

Juniper Green Energy emerged the winning bidder for the project in the e-Reverse auction conducted by SECI for its 1,000 MW FDRE Round-the-Clock Renewable Energy tender on August 6

NSRCEL plans specialised sector centers and AI tools to expand its entrepreneur network toward one million

IIM BANGALORE

Funding accelerated in 2026 despite fewer rounds, as investors backed mature chip ventures and government-supported companies attracted private and strategic capital

semiconductors chipmakers

The IIT Madras alumni-founded company is using AI agents to accelerate the discovery of semiconductor materials and has released hundreds of AI-discovered materials alongside a new industry benchmark

L_R Discovered Materials co-founders Co-founders  Akash Ramdas and Advaith Sridhar

The government is set to announce the first cohort of nearly 20 VC firms selected to manage investments under the ₹1 trillion Research, Development & Innovation Fund

deeptech startup

Shabnam Sinha to succeed Sunil Bharti Mittal as Airtel Payments Bank chair

Airtel Payments Bank

Maheshwari also delved into the company's offline expansion, acquisitions and artificial intelligence (AI) strategy

Prateek Maheshwari Cofounder, PhysicsWallah

Krishna Jonnalagadda believes power is the main constraint in building artificial intelligence data centres

Krishna Jonnalagadda, global chief technology officer, GE Vernova

Tewolde Gebremariam, who is set to take over the reins of Air India next month, held meetings with senior airline executives this week during his first visit to India after being appointed as CEO and MD, according to officials.
Gebremariam, an aviation industry veteran and former chief of Ethiopian Airlines Group, will take over from Campbell Wilson as the CEO and MD.
The officials said Gebremariam visited the national capital and Mumbai and held meetings with senior executives of the airline and Tata Group.
He will be taking charge of the Tata Group-owned airline at a time when it is working on ambitious expansion plans amid multiple external headwinds.
On August 5, Air India announced the appointment of Gebremariam after a comprehensive search, overseen by a dedicated board committee.
He comes with nearly four decades of experience at Ethiopian Airlines Group, including as its CEO for over 11 years. Currently, he is serving as a Senior Strategic Advisor to Delta Airlines, as wel

Tewolde Gebremariam

Gebremariam will succeed Campbell Wilson as Air India CEO and MD next month, taking charge as the airline pursues expansion plans amid external headwinds.

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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