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

State Bank of India (SBI) is estimating losses of about ₹3 billion ($32 million) from the forced unwinding of these trades, the people said, asking not to be identified discussing confidential details

State Bank of India, SBI

Bloomberg

Fair trade regulator Competition Commission of India has cleared Torrent Power's proposal to acquire 100 per cent stake in Nabha Power Ltd.
The move came after Torrent Power, in February 2026, said it entered into an agreement with L&T Power Development to acquire 100 per cent equity stakes in Nabha Power for an enterprise value of Rs 6,889 crore.
"The proposed combination entails the acquisition of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares (on a fully diluted basis) in Nabha Power Ltd by Torrent Power Ltd from L&T Power Development Ltd," the regulator said in a release on Tuesday.
Torrent Power is engaged in the business of power generation, transmission, distribution and manufacturing and supply of power transmission cables, and is a part of  'Torrent Group,' which is into power, pharmaceuticals and gas distribution sectors.
Nabha Power Ltd is a wholly-owned subsidiary of L&T Power Development Ltd (L&TPDL), and .

Torrent Power, JERA

Nabha Power Ltd is a wholly-owned subsidiary of L&T Power Development Ltd (L&TPDL), and has been operating a 2x700 Megawatt supercritical thermal power plant at Rajpura, Punjab, since 201

Adani's lawyers said the SEC's claims were "impermissibly extraterritorial," and no ​statements challenged by the regulator were ‌actionable

Gautam Adani

Reuters

At least 25 companies, including JSW Group, Vedanta, Hindustan Zinc Ltd (HZL) and NLC India, participated in a pre-bid conference for the Rs 7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magnet called by the heavy industries ministry on Tuesday, sources said.
The government will select a maximum of five entities through the bidding, with each entity setting up facilities of up to 1,200 MTPA, aggregating to a total of up to a maximum capacity of 6,000 MTPA.
"We welcome the Ministry of Heavy Industries' forward-looking scheme to promote rare earth permanent magnet manufacturing, a crucial component for industries like EV, aerospace, defence, and consumer electronics. We are assessing the opportunity as this initiative aligns with our focus on critical minerals and presents a horizontal expansion opportunity," a Vedanta Spokesperson told PTI.
On March 20, the heavy industries ministry invited bids for setting up manufacturing facilities for 6,000 metr

rare earth magnet, magnet

On March 20, the heavy industries ministry invited bids for setting up manufacturing facilities for 6,000 metric tonnes per annum (MTPA) of magnets under the scheme

Fair trade regulator CCI on Tuesday cleared Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd.
The development came after the boards of Aditya Birla Capital and Aditya Birla Housing Finance, in February 2026, approved a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL, from Indriya Ltd, one of the entities of Advent International.
"The proposed combination envisages acquisition of equity shares (by way of preferential issue on a private placement basis) amounting to 14.286 per cent of the post-issue paid up equity share capital of the Aditya Birla Housing Finance Ltd, on a fully diluted basis by the Indriya Ltd," the regulator said in a release.
Aditya Birla Housing Finance Ltd (ABHFL) is engaged in the business of providing home loans, loans against property, construction finance loans, and lease rental discounting loans. It is a wholly-owned subsidiary of Aditya Birla Capital Ltd (ABCL).
"CCI approves the ...

Aditya Birla housing finance

In another release, CCI approved the acquisition of a 100 per cent equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Ltd

Acquisition of Diamond Plaza in Kolkata will help Nexus Select Trust expand its footprint in eastern India and strengthen its retail portfolio

Nexus Select Trust

Underscores need to strengthen "middle manufacturing", describing it as a missing link in India's industrial ecosystem

Uday Kotak, Founder & Director, Kotak Mahindra Bank addressing ‘FICCI Foundation Day’ on the theme – 'Celebrating the Spirit of Entrepreneurship’ in Mumbai on 7th April 2026. (Photo: Kamlesh Pednekar)

Uday Kotak, Founder & Director, Kotak Mahindra Bank addressing ‘FICCI Foundation Day' on the theme – 'Celebrating the Spirit of Entrepreneurship' in Mumbai on 7th April 2026. (Photo: Kamlesh Pednekar)

Aman Gupta's new venture OFF/BEAT secures Rs 100 crore in seed funding led by Bessemer, aiming to build a tech- and AI-led consumer platform for evolving Indian aspirations

boAt's co-founder Aman Gupta

Health-tech firm hires senior executives across operations, AI and strategy as it targets $1 billion GMV and prepares for a potential IPO by year-end

Shashank ND, co-founder and CEO, Practo

Investment platform JITO Incubation and Innovation Foundation on Monday said it plans to invest Rs 80-100 crore in early-stage startups in the next 12-18 months.
The platform has invested over Rs 150 crore across more than 100 pre-seed and seed-stage startups over the past two years, and reported over 15 exits during the period.
"Over the next 1218 months, the platform plans to invest approximately Rs 80100 crore, with an aim to back 2025 startups annually. Its investment ticket size currently ranges between Rs 1.5 crore and Rs 2 crore, depending on stage and sector," JIIF said in a statement.
The platform has also made a Rs 26.5-crore investment in Mumbai-based Atomic Capital. The move allows JIIF to participate in a wider set of investment opportunities beyond direct startup investments.
JIIF further said that it plans to launch an accelerator programme focused on the Asia-Pacific region, covering India, the Middle East and Southeast Asia, where the programme will target early-st

Investment Fraud

The platform has invested over ₹150 crore across more than 100 pre-seed and seed-stage startups over the past two years, and reported over 15 exits during the period

Semiconductor firm Tessolve on Monday announced the appointment of Ravi Kumar Chirugudu as President and Chief Operating Officer (COO), effective immediately.
With over 35 years of experience, Chirugudu has held senior leadership roles at HCL Technologies, Altran and Wipro.
In his new role, Ravi will lead Tessolve's growth strategy by broadening its global engineering capabilities, strengthening customer relationships and speeding up innovation across semiconductor and high-performance computing, Tessolve said in a statement.
"As global semiconductor demand continues to accelerate across industries, it is creating significant opportunities across the semiconductor lifecycle-from Design, Packaging, Validation and Systems integration.
"Ravi's deep knowledge and leadership in this ecosystem brings the right mix of industry expertise, customer connect and execution capability, which will play a key role in strengthening our position as a trusted global engineering partner and reinforci

Tessolve

In his new role, Ravi will lead Tessolve's growth strategy by broadening its global engineering capabilities, strengthening customer relationships and speeding up innovation

Campbell Wilson to stay on until successor is named as Air India navigates losses, fleet expansion, and restructuring amid heightened scrutiny following last year's crash

Campbell Wilson, Campbell, Wilson, Air India CEO

IHH Healthcare eyes aggressive India expansion via Fortis, focusing on bed capacity, clusters, and ambulatory care amid strong healthcare demand

(L-R) Dr Prem Kumar Nair, Group Chief Executive Officer, IHH Healthcare; and Ashok Pandit: Group Chief Operating Officer, IHH Healthcare

Titan sees early wedding buying amid softer gold prices, with half of customers opting for old jewellery exchange as demand remains resilient despite elevated rates

Arun Narayan, CEO, Titan Jewellery

IDfy's Ashok Hariharan says privacy must move beyond checkbox consent, with firms embedding accountability, governance and breach readiness into everyday operations

Ashok Hariharan, founder of IDfy

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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