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

French automaker moves tribunal to streamline India structure, boost exports to €2 billion annually by 2030, and strengthen the country's role as a key manufacturing hub

Renault

The Supreme Court on Thursday deferred to May 8 the hearing on a PIL alleging large-scale banking fraud involving the Anil Dhirubhai Ambani Group and its firms.
A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi was hearing the PIL filed by former bureaucrat E A S Sarma seeking a court-monitored investigation into alleged loan frauds exceeding Rs 40,000 crore by the Anil Dhirubhai Ambani Group (ADAG) firms led by Anil Ambani.
At the outset, Solicitor General Tushar Mehta, appearing for the CBI and the Enforcement Directorate, said the two central probe agencies have filed fresh status reports in pursuance of directions issued on March 23 in the case.
"The CBI and the ED have filed status reports. The kingpin has not been arrested. Anil Ambani was identified as the kingpin. But nothing has been done yet," lawyer Prashant Bhushan, appearing for the PIL petitioner, said.
"I cannot respond as to why 'X' or 'Y' is not arrested. We have filed our status reports," the

Anil Ambani

t also permitted the central probe agencies to approach it in case there is any reluctance on the part of other government bodies in extending cooperation to them

E-commerce giant expands rapid-delivery service to 100 cities as competition intensifies in quick-commerce market

quick commerce India, Amazon Now quick commerce, q-commerce players India, Blinkit Swiggy Zepto Flipkart, Amazon grocery delivery Bengaluru, e-commerce vs traditional retail, quick commerce competition, Amazon Instamart Blinkit Zepto, Flipkart Minute

The state government on Thursday said that land has already been allotted for the project

Infosys

Two-wheeler maker Hero MotoCorp on Thursday announced partnership with Quilmotors as its exclusive distributor for accelerating growth in Ecuador.
Quilmotors will be responsible for assembly operations, network development, sales, after-sales service and spare parts distribution in the South American nation, Hero MotoCorp said in a statement.
"Ecuador presents a strong opportunity for us, driven by evolving customer aspirations and increasing demand for reliable, high-quality mobility solutions," Hero MotoCorp Executive Vice President - Global Business, Global Product Planning and Global Market Insights, Sanjay Bhan said.
He further said,"Our partnership with Quilmotors combines their deep local market expertise with our global capabilities, making them an ideal partner."
The product range comprising eight models, including motorcycles (Eco Deluxe and Eco 150), Naked Sports Range (Hunk 125R and Hunk 160R 4V), Dual purpose motorcycles (Xpulse 200 4V and Xpulse 200 4V Pro) and Urban 

Hero MotoCorp is accelerating its transformation toward sustainable, future ready mobility solutions, with their emerging mobility business - Vida.

hero motocorp

Quilmotors will be responsible for assembly operations, network development, sales, after-sales service and spare parts distribution

Emirates NBD's proposal to buy a 60 per cent stake in RBL for $3 billion was announced in October 2025

The RBI has advised RBL Bank to amend its Articles of Association to reflect the new structure and seek regulatory approval for the same

Reuters

IT services major Infosys has announced plans to set up a permanent, 20-acre campus in Visakhapatnam, signalling confidence in the region's economic and technological potential.
The facility is designed to accommodate 7,000 professionals.
Over the last two years, Infosys' growth in the city has scaled in the port city from 250 employees to 1,900, with an additional 750 seats set to become operational in the near-term, said an official press release on Thursday.
"The company has outlined plans for a permanent 20-acre campus with a long-term seating capacity of 7,000 professionals - demonstrating strong confidence in the region's long-term potential," said the release.
A defining feature of the IT services company's growth is its deep integration with the local talent ecosystem, it said.
The Visakhapatnam campus has recruited over 1,000 freshers and 500 lateral hires from the region, reflecting the availability of industry-ready talent and the success of Andhra Pradesh's focused ...

Over the last two years, Infosys' growth in the city has scaled in the port city from 250 employees to 1,900, with an additional 750 seats set to become operational in the near-term

Ctruh secures seed funding to scale its spatial internet infrastructure and AI-powered 3D experience platforms globally

start up

Accel-led funding round backs Oolka's plan to scale AI financial agents and expand into a full-stack consumer finance platform in India

Utkrishta Kumar - Founder, Oolka.

Natasha Malpani of Boundless Ventures argues that robots and drones trained under Indian conditions develop resilience no US lab can replicate - and her fund is placing early bets on that hypothesis

Natasha Malpani, founder and general partner at Boundless Ventures

Venture capital firms in India are creating structured programmes to help AI startups enter the US market, offering capital, relocation support, and access to networks and customers

artificial intelligence

Infosys sees strong traction in AI services as enterprises adopt AI gradually, with large deals, resilient pricing, and sectoral growth driving optimism

Salil Parekh, CEO and MD of Infosys

Solar manufacturer ramps up capacity, eyes exports and new ventures in storage and green data centres amid rising costs

vinay thadani

SBI Life Insurance to push policy sales in FY27, expects steady growth and stable margins despite regulatory changes and product mix shift

amit jhingra, sbi

He said net interest margins have bottomed out and will increase in the current financial year

Swarup Saha, MD & CEO of Punjab & Sind Bank

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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