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

Petronet LNG chief says any additional US LNG imports will hinge on pricing; Q3 consolidated net profit declines 2.4% to Rs 845.50 crore

LNG, NATURAL GAS, OIL SECTOR

Automaker to invest ₹196 crore in expanding Mahindra Research Valley in Chennai, adding advanced R&D and testing facilities and creating 2,000 jobs this year

Mahindra & Mahindra, Mahindra Tractor

Mahindra & Mahindra expects improved competitiveness in the US as tariffs drop to 18 per cent, plans to supply inventory from bonded warehouses

Hinduja Group flagship may consider exporting electric buses from India to EU and UK markets, while expanding capacity in West Asia

Dheeraj Hinduja

IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified

Wipro

Competition Commission has imposed a fine of Rs 27.38 crore on Intel Corp for indulging in anti-competitive practices with respect to India-specific warranty policy for its boxed microprocessors.
The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India.
In a statement on Thursday, the Competition Commission of India (CCI) said the India-specific warranty policy was discriminatory in comparison with Intel's warranty policies in China, Australia and rest of the world.
The Commission also found the policy to have limited the choice of consumers and parallel importers, and thereby causing an appreciable adverse effect on Indian consumers.
Considering the fact that the India-specific warranty policy was in place for eight years, the regulator imposed the penalty translating to 8 per cent of the average relevant turnover of Intel.
"However, considering the mitigating factors including the ...

Intel, Intel Corp

The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India

The $289 billion energy major plans to sign more LNG deals and expand global capability centres, while strengthening its lubricants business in India

Mansi Tripathy, senior vice president for APAC lubricants and country chair, Shell India

IndiaAI-backed startup to unveil 14bn-parameter voice model in six languages, with plans to scale to all 22 Indian languages within 18 months

artificial intelligence, AI applications, Indian startups, Silicon Valley, Gnani.ai

Chennai-based space tech start-up will use its patented upper-stage platform to host AI data modules in orbit, with NeevCloud as its first customer

agnikul

Online lending marketplace Olyv has raised $23 million in a Series B round led by Nandan Nilekani's Fundamentum to expand products across insurance, UPI and business loans

startup funding investment

The Bengaluru-based pet care platform will use the funds to expand technology capabilities, strengthen healthcare services and scale up its offline clinics and quick-delivery network

Supertails, pet care startup

The funding will be spent for boosting product and data capabilities, and strengthening the company's personalisations

The latest message comes after Goyal earlier invited former Zomato employees to write to him if they wanted to return to the company

deepinder goyal

Carrier calls India a hyper-growth market, plans manufacturing expansion and aims to position the country as a regional export hub for HVAC solutions

Michael Gierges, president, climate solutions Asia Pacific, Middle East & Africa at Carrier

Google DeepMind's Pushmeet Kohli discusses AI's role in science, India's place in global research, and DeepMind's footprint in the country

Pushmeet Kohli, vice-president of research at Google DeepMind

Ankur Khurana has been appointed head of Citi's commercial banking operations in India and will be responsible for driving strategy, growth and performance of the business

Citi

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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