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

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Tata Consultancy Services on Friday launched India's first Oracle AI Data Platform Lab and Centre of Excellence (CoE) here to help enterprises accelerate adoption of artificial intelligence and data-driven transformation.
The facility at Delta Park Lords in Kolkata has been set up in collaboration with Oracle and will support customers in addressing challenges such as fragmented data systems, slow analytics cycles, limited AI scalability and operational inefficiencies, the IT major said.
TCS said the lab will leverage Oracle AI Data Platform, which combines Oracle Cloud Infrastructure, Oracle Autonomous AI Database and OCI Enterprise AI, to help organisations make enterprise data AI-ready and deploy AI-powered applications and automation at scale.
The IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years, a statement said.
"The facility is designed to accelerate the journey from 

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Rekise Marine, the Indian marine robotics company engaged in building autonomous ships and submarines, has raised USD 9.7 million (about Rs 92 crore) in seed funding led by Accel and NKSquared, entrepreneur Nikhil Kamath's investment firm.
The round also saw participation from Sameer Brij Verma and Sandeep Singhal, Industrial47 and Singularity AMC, a slew of prominent corporate leaders, alongside the company's founders and several family offices, according to a release.
"Rekise Marine raises USD 9.7 million led by Accel and Nikhil Kamath to help build India's autonomous naval fleet," it added.
Founded by naval architect Maitrai Maka and created around the belief that autonomy would fundamentally reshape the maritime domain, Rekise develops autonomous surface and underwater vessels through a full-stack strategy that combines vessel design, systems integration and autonomy software developed in-house.
Its software platform powers vessels of every class, from small man-portable vessel

Rekise develops autonomous surface and underwater vessels through a full-stack strategy that combines vessel design, systems integration and autonomy software developed in-house | Image: LinkedIn

Marine robotics startup Rekise Marine has raised $9.7 million in a seed round led by Accel and Nikhil Kamath's NKSquared to expand autonomous naval platforms

The Series B round, co-led by Prosus Ventures and Tomales Bay Capital, will support the expansion of Equal AI's voice-based assistant and lifestyle services

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The startup, founded by former Lyft self-driving executives, plans to expand its India engineering team as demand grows for AI-powered physical security solutions

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The Bengaluru-based deep-tech startup will use the capital to expand precision manufacturing capacity, build a mega factory and strengthen its presence in global aerospace and defence markets

investment, funds, funding

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

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

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

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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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