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 collaboration will leverage Samunnati's FPO network and Coromandel's agri expertise to improve access to farm inputs, financing and technology adoption

Coromandel International and Samunnati have partnered to improve FPO access to quality agri-inputs, finance and technology-led farming solutions across India.

Rajesh Exports Chairman Rajesh Mehta on Tuesday denied any fund diversion in its subsidiary ACC Energy and promoter-controlled Elest Ltd, saying Sebi has not understood the accounting entries, even as the company faces potential removal from the Rs 18,100-crore ACC Production-Linked Incentive scheme.
"First of all, the Sebi has made observations. That has to be put in the right place first. Point number two, there is zero diversion of funds. They have not understood the accounting entries," the Rajesh Exports founder told PTI.
The company is ready to clarify, he added.
The market regulator's June 3 interim order flagged a circular fund-routing scheme involving ACC Energy Storage and promoter-controlled Elest Pvt Ltd. After Elest acquired 49 per cent of ACC Energy in January 2025, it gave Rs 147 crore to the subsidiary, which returned Rs 112 crore on the same day. ACC Energy Storage also invested Rs 262 crore in Elest without disclosing valuation details.
The company's MD and CFO ..

Rajesh Exports

Sebi has alleged fraud, citing cross-holding structures and disclosure lapses, while also ordering a forensic audit over ₹15.15 trillion in reported subsidiary revenue irregularities

Adani Energy Solutions Ltd (AESL) has inked a securities purchase agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure for Rs 3,050 crore.
IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), a statement said.
According to the statement, AESL has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100 per cent equity stake in IntelliSmart Infrastructure.
The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters.
The proposed Rs 3,050 crore transaction includes the acquisition of 100 per cent of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF.
The completion of the transaction is subject to regulatory and other customary approvals.
IntelliSmart is among leading ow

Adani Energy Solutions

The proposed ₹3,050 crore transaction includes the acquisition of 100% of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF

TCS Chairman N Chandrasekaran said the company could have as many AI agents as human employees within three years, driven by rising enterprise AI adoption and technology spending

N Chandrasekaran

Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, is planning to file draft papers with Sebi this month to raise funds up to Rs 1,000 crore through an Initial Public Offering (IPO), people familiar with the development said on Tuesday.
The proposed IPO is expected to comprise a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, they added.
JM Financial and Avendus Capital have been appointed as the book-running lead managers for the issue.
Emails sent to the company and the investment bankers seeking comments did not elicit any response till the filing of this report.
Led by Alok Birla, who has over 18 years of experience in the hygiene products industry, Swara Baby manufactures disposable hygiene products across baby care, adult incontinence and feminine hygiene segments.
Along with Birla, Brainbees Solutions Ltd, the parent of FirstCry, is among the promoters of the ...

The proposed IPO is expected to comprise a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders

Reliance Infrastructure's plea to review ASM restrictions puts the spotlight on whether insolvency-linked trading curbs protect investors or limit their exit options

chart

JSW Steel reported a 15 per cent increase in consolidated crude steel production in May, supported by higher output from Indian operations, Dolvi plant operations and JV ramp-up

JSW Steel, JSW

Zepto's IPO filing shows the company has emerged as Blinkit's closest challenger in quick commerce, although heavy investments in expansion continue to weigh on profitability

Zepto

Zepto's updated IPO papers show founders Aadit Palicha and Kaivalya Vohra received ED summons under FEMA, with the company also flagging regulatory risks to investors

Zepto founders with the riders (Left to right- Kaivalya Vohra, Aadit Palicha)

The UDRHP revealed ED asked Zepto's founders to provide information related to foreign and overseas investments, audited financial statements since FY21, shareholding patterns, loans and guarantees.

TrueFan AI raised $10 million to expand globally and scale its enterprise video-generation platform powered by AI avatars and automation

TrueFan AI | Image: LinkedIn

Rajiv Bajaj has informed the company that he will not seek re-election at the annual general meeting (AGM) scheduled for July 31

rajiv bajaj baja auto ceo

Canara Bank expects ₹1,000-2,000 crore in FCNR(B) inflows, aims to boost CASA deposits and reduce reliance on bulk deposits under its new CEO

Shri. Brajesh Kumar Singh, MD & CEO, Canara Bank

Amazon India Country Manager Samir Kumar on the company's $35 billion bet, the quick-commerce race, and why he believes it's still early innings for e-commerce in India

Samir Kumar

India's green hydrogen sector has reached a tipping point, says IFC, as improving economics, policy support and rising industrial demand drive market growth

Imad N Fakhoury, Regional Division Director for South Asia, International Finance Corporation (IFC)

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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