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

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky.
The company said Monday that its board and management team think each company will be better positioned to pursue its own strategic priorities, invest for growth and create long-term shareholder value as independent entities.
The planned move comes after Comcast announced in November 2024 that it was spinning off cable networks such as USA, Oxygen, E!, SYFY and Golf Channel, as well as CNBC and MSNBC into a new company. Movie ticketing platform Fandango and the Rotten Tomatoes movie rating site were also included.
Like other cable companies, Comcast in recent years has shifted its business emphasis away from traditional cable toward streaming and other sources of revenue, such as its movie studio, theme parks and home wireless and internet services.
Media and entertainment company NBCUniversal includes a theme parks division, Universal film and television studios, N

Comcast, NBC

Comcast, based in Philadelphia, will continue providing internet services to residential and business customers

Samsung and SK Hynix will invest $517.87 billion with suppliers to build two new chip fabrication sites

South Korean President Lee Jae Myung attends a briefing announcing the government's three mega projects at Yeongbingwan, the Blue House, in Seoul, South Korea, June 29, 2026. Kim Min-Hee/Kyodonews/Pool via Reuters

Reuters

The rights issue investment will help Synergistic Financial Networks meet working capital requirements and support its future expansion plans

Pine Labs

Back-to-back CFO resignations at Axis and Bandhan Bank fuel speculation of a leadership reshuffle, with Puneet Sharma tipped for HDFC Bank's top finance role

Axis Bank CFO Puneet Sharma

The messaging platform will let users reserve unique usernames that can be shared instead of phone numbers, with the feature becoming available later this year

WhatsApp

Ola Electric Technologies and ANI Technologies have renewed separate leases for 430,000 sq ft at Bengaluru's Prestige RMZ Star Tech campus with a combined rental of Rs 281.11 crore

Ola Electric, OLA

The company, in a joint venture with Hassan Allam Construction, will develop a 1,000 MW solar project with a 600 MWh battery energy storage system in Egypt

renewable energy

An Oxford Economics report says a restrictive digital regulatory regime could reduce startup formation by 20 per cent and venture capital investment by 25 per cent

startup funding, startups

The ed-tech startup will use the fresh capital to strengthen its AI capabilities, expand its NEET-focused platform and build personalised AI mentors for students

Ed-tech, startup, Lytmus AI

Stepping down as CEO, Hari Menon says BigBasket initially underestimated quick commerce and now expects the Tata-owned firm to prioritise profitability over market share

Hari Menon, co-founder of BigBasket

Health-tech start-up SuperLiving has raised $7 million in a Series A round led by Lightspeed to expand its AI-driven wellness and preventive healthcare platform

(L-R) Manavdeep Singh Grover, Founder & CEO, SuperLiving and Gurjot Kaur, Co-Founder, SuperLiving

EXL says its $310-million iMerit acquisition will strengthen foundation model training capabilities as enterprises increasingly adopt AI-driven business operations

rohit kapoor

The board also  approved the appointment of Rajiv Kumar as an Additional Director (Independent Director) for a four-year term starting June 30, 2026

Rajiv Kumar, Rajiv, ECI

The former AZEK chief executive will lead Fortune Brands Innovations as the company faces pressure from activist investor Ed Garden over leadership and governance

Fortune Brands Innovations

Sharma said he had largely achieved the objectives he set as CFO, including strengthening financial controls, building a resilient balance sheet and improving shareholder trust

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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