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

In Nigeria, TGI brands include Big Bull Rice, Terra Seasoning Cubes, Golden Terra Soya Oil, Renew Starch and Supramult Multivitamins reach millions of consumers daily

T Krishnakumar, Director, RCPL

Tina Ambani, former actor and wife of Reliance Group chairman Anil Ambani, is expected to appear before the Enforcement Directorate (ED) on Tuesday for questioning in a money-laundering case.
This is the second summons issued to 69-year-old Tina Ambani.
She was issued the first summons to depose before the federal probe agency here on February 10 but she had skipped it.
She was then issued a fresh summons, asking her to appear before the ED on February 17.
There was no immediate response from ED officials on the development.
Once Tina Ambani deposes, she will be questioned and her statement will be recorded under the Prevention of Money Laundering Act (PMLA), officials had said.
Anil Ambani, 66, has also been asked to depose before the agency on February 18 for the second time as part of the investigation linked to multiple Reliance Group companies and their bank loans. He first appeared before the ED in August 2025.
The Reliance Group has not responded to news reports related t

Reliance Anil Dhirubhai Ambani Group Chairman Anil Ambani and his wife, Tina Ambani, arrive at the Reliance ADA Group AGM in Mumbai on Sept 30,2015. Photo: Kamlesh Pednekar

She was issued the first summons to depose before the federal probe agency here on February 10 but she had skipped it

Bakery company Britannia Industries will invest to fight the "regional competition" against small players and in e-commerce to become stronger in product categories like biscuits, rusk, cake, croissants and wafers.
As part of its strategy, Britannia will have a "startup mentality" to compete with small players having influence in small pockets, said Managing Director & Chief Executive Officer Rakshit Hargave.
"We are going to be fighting regional competition, we are going to be investing in e-commerce, yes, that will require more funds. We are committed to invest that. We believe that the opportunity for us to drive topline better is definitely there," said Hargave in an investors' call.
He stressed that driving topline growth was critical to expanding Britannia's consumer base across its portfolio of brands, and the company would take a "pragmatic view" of balancing ambition with resources.
Britannia, which owns popular brands such as  Good Day, Tiger, NutriChoice and MarieGold, .

Britannia Industries

Hargave pointed out that inflation and delayed price hikes had impacted margins earlier, but with commodity prices tapering off, profitability has improved

Reliance Consumer Products, the FMCG arm of Reliance Industries, on Monday said it has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group.
This partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statement.
Through this partnership, which is subject to customary legal and regulatory clearances, Reliance Consumer Products Ltd (RCPL) will introduce its FMCG products to consumers in Nigeria, leveraging TGI's FMCG manufacturing and distribution experience and network, it added.
"The partnership between RCPL and Tropical General Investments (TGI) Group aims to strengthen RCPL's market presence on the global stage," it said.
RCPL Director T Krishnakumar said: "TGI Group is a diversified and trusted partner, and their deep expertise and decades-long presence in sectors such as FMCG, culinary, and agribusin

RIL, Reliance, Reliance Industries

This partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statement

Tata Group retail firm Trent is eyeing further expansion into tier 3 and tier 4 cities amid a macro market which is expected to be far more attractive in the coming years, a top company executive said on Monday.
He also said that urban demand seems to be coming back gradually post GST 2.0 reforms but ruled out small-ticket discretionary getting benefit in the long-term due to the changeover.
"We are opening a lot more in tier-3, tier-4 cities now, as opposed to what we used to do in the past. What we are seeing is, very clearly, the young customer in those markets is super clued onto what trends are playing out," Trent Managing Director P Venkatesalu told reporters at the sidelines of the Retail Leadership Summit 2026 here.
He said that customers in these smaller cities and towns don't have the same level of maturity as the metro markets at present but it may change over a period of next 2-3 years.
"We do bet in a very significant way that the customer will be more interesting," he

During the April-June period, Trent opened one store for Westside and 11 of its value offering format Zudio, which targets the affordable fast-fashion segment. (Photo: LinkedIn)

trent ltd, tata group's retail arm

He said that customers in these smaller cities and towns don't have the same level of maturity as the metro markets at present but it may change over a period of next 2-3 years

Anthropic's India revenue run rate has doubled in six months, with the country emerging as Claude.ai's second-largest user base, driven by strong adoption in coding, maths and enterprise AI tasks

Ghose, who joined the company from Microsoft a month ago, also said half of the usage is in computer and 6 per cent of the total conversations of Anthropic are also from India

The collaboration includes a blueprint for AI-ready data centres capable of scaling up to 200 megawatts of capacity

Artificial Intelligence

Think & Learn, the parent of Byju's, has moved the Supreme Court challenging an NCLAT order permitting Aakash Educational Services to proceed with the second tranche of its Rs 240-crore rights issue

Byju's

Prime Minister Narendra Modi on Monday inaugurated the India AI Impact Expo here.
He also interacted with startups participating in the expo. The prime minister visited various stalls and spoke with the companies participating in the expo.
Expo features over 600 high-potential startups and 13 country pavilions showcasing international collaboration in AI ecosystem.
Expo brings together global technology firms, startups, academia and research institutions, central and state governments, and international partners.

Narendra Modi

Expo features over 600 high-potential startups and 13 country pavilions showcasing international collaboration in AI ecosystem

Regulatory sandboxes are necessary to ensure that startups and other players can build things in a controlled environment within the guardrails without stifling innovation, a senior official at the International Financial Services Centres Authority (IFSCA) said on Monday.
Speaking at a session at the India AI Impact Summit 2026 in the national capital, IFSCA's Chief Technology Officer Joseph Joshy also said he would look at the things through the regulatory lens.
The five-day summit -- which will see a host of heads of state and government, overseas representatives and industry players, among others -- commenced on Monday.
"We need to ensure that there are regulatory sandboxes among regulators so that there are guardrails... (so that) before regulations come startups and others can build things in a controlled environment so that you don't stifle innovation and that you encourage it within the guardrails," Joshy said.
Joshy is also the Chief General Manager as well as Head of FinTe

India AI Impact Summit, AI Summit

Speaking at a session at the India AI Impact Summit 2026 in the national capital, IFSCA's Chief Technology Officer Joseph Joshy also said he would look at the things through the regulatory lens

Blackstone and co-investors infuse $600mn in equity; Neysa to raise additional $600mn via debt

Plans soft-brand rollout alongside Athiva expansion, with ₹2,500 crore capex to add over 1,000 keys and scale big-box hotels in metros and leisure destinations through debt and internal accruals

Shwetank Singh, MD&CEO of Chalet Hotels

ElevenLabs CEO Mati Staniszewski says India will be perhaps the first country in the region where we see the wider scale of voice AI, making voice default for all the digital experiences

Mati Staniszewski, cofounder and chief executive officer, ElevenLabs

Doraiswamy says policy sales have gathered momentum after the goods and services tax (GST) rationalisation on individual life insurance premiums, increasing affordability for customers

R Doraiswamy, MD & CEO Life Insurance Corporation (LIC) of India

Strong IPO pipeline with billion-dollar issues may push 2026 fundraising past $20 billion, driven by robust domestic liquidity and rising MNC interest in India listings

Subhakanta Bal,managing director (MD) at Rothschild & Co 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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