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

HCLTech's bet on Sarvam AI is aimed at tapping the sovereign AI opportunity in India and globally, says CEO C Vijayakumar

C Vijayakumar, CEO and MD, HCLTech

In setting aside the CCI's order against Amazon, the Supreme Court has framed regulatory certainty, transparency and fairness as strategic assets for India's investment climate

Supreme Court

Homegrown pharma major Cipla Ltd on Tuesday announced the appointment of Shivam Puri as the CEO of its 'One India Business' with effect from July 1, 2026.
Puri, currently Managing Director and CEO of Cipla Health Ltd, a wholly-owned subsidiary of the company, has over 23 years of leadership experience across both FMCG and healthcare sectors. He brings strong commercial acumen and consumer-centric expertise, Cipla said in a regulatory filing.
He took over as MD and CEO of Cipla Health in 2019, and under his leadership, the company rapidly expanded its portfolio and strengthened its presence across key consumer categories, such as smoking cessation, pain care, cough and cold, skin care, hair care and nutrition, among others, Cipla said.
Before joining Cipla Health in 2019, Puri held senior leadership roles at Hindustan Unilever, Jubilant FoodWorks and ITC Ltd, the filing said.

Cipla plans acquisitions to take top spot in South Africa drug market

Cipla

Cipla appoints Shivam Puri as CEO of its One India Business, effective July 1, bringing over two decades of FMCG and healthcare leadership experience

The Tamil Nadu Pollution Control Board said water samples from Tata Electronics' Hosur facility met environmental norms and no further action is being pursued

Tata Electronics

The mid-tier IT firm plans to drive growth through large deals, AI investments, acquisitions and expansion in healthcare, public-sector and GCC businesses

Coforge CEO & ED Sudhir Singh  said the company was banking on large deals

The agreement is aimed at diversifying crude sourcing, strengthening feedstock security and improving working-capital efficiency for Essar's refining operations

Essar Energy Transition Fuels and IRH Global Trading agree USD 500 million strategic crude and product facility. (Photo: Company website)

BigBasket co-founder Hari Menon will continue on the board and mentor the leadership team, while former Amazon executive Amit Nanda leads the company's next growth phase

Amit Nanda, CEO, BigBasket

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

The gourmet retail startup plans to use the fresh capital to expand its digital business, delivery network and retail footprint across key markets

Avni and Ashni Biyani Founders Foodstories

The IndiaAI Mission-backed startup said Varya can generate video at a fraction of the cost of global models while better capturing Indian contexts and cultural diversity

artificial intelligence (AI)

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

Ekta Kapoor says short-form content may grab attention, but enduring entertainment businesses will be built on strong intellectual property and loyal audiences

Ekta Kapoor

Alvarez & Marsal executives Steve Wallace and Himanshu Bajaj discuss AI adoption, return on investment, ethical safeguards and growth opportunities across global markets

Alvarez & Marsal’s (A&M’s) Managing Director and Chief Operating Officer Steve Wallace, and the company’s India head and MD Himanshu Bajaj, who also leads A&M’s India global capability centre

Alvarez & Marsal's (A&M's) Managing Director and Chief Operating Officer Steve Wallace, and the company's India head and MD Himanshu Bajaj, who also leads A&M's India global capability centre

Bank of India expects up to $1 billion in FCNR-B inflows under RBI's special window, while maintaining strong credit growth and preparing for ECL norms

Rajneesh Karnatak, MD and CEO, Bank of India

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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