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

L&T said that the partnership will work on developing AI-ready data centre infrastructure to support large-scale workloads across sectors such as manufacturing and infrastructure

Larsen & Toubro

NASDAQ-listed travel tech major MakeMyTrip on Wednesday announced it will collaborate with OpenAI to deepen AI-led travel discovery and capture high-intent travel queries, aimed at translating them into bookable outcomes.
The announcement comes at a time when there is an increasing adoption of generative AI in India's travel booking ecosystem by platforms to tap conversational intent of users via tools like chatbots to try and convert them into bookings.
MakeMyTrip will use OpenAI's APIs (application programming interfaces) to power new artificial intelligence features in its app, enabling travellers to move from conversational inspiration to booking within the MakeMyTrip's 'Myra' chatbot interface.
The collaboration strengthens MakeMyTrip's ability to respond dynamically to evolving travel intent, delivering structured, transaction-ready options across flights, hotels and ancillary services. It marks a shift from passive search visibility to active participation in AI-led discovery

MakeMyTrip

MakeMyTrip will use OpenAI's APIs (application programming interfaces) to power new artificial intelligence features in its app

Valeo said it would be investing more than $236.7 million in the coming years to expand its presence in India

Valeo

Reuters

Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a memorandum of understanding with France's Port of Marseille Fos to deepen cooperation on trade facilitation, port innovation and energy transition, strengthening connectivity along the IndiaMiddle EastEurope Economic Corridor (IMEC).
The initial pact proposes the creation of an IMEC Ports Club to enhance coordination among key ports along the IMEC route and reinforce connectivity between India and the European Union. The development completes the IMEC pathway for India-EU trade, boosted by the Free Trade Agreement between India and the EU, termed "the mother of all deals" by Prime Minister Narendra Modi.
The MoU was signed during the visit of French President Emmanuel Macron, aligning the expanding India-France strategic partnership with the broader IMEC and India-EU trade vision, APSEZ said in a statement.
Launched at the 2023 G20 Summit in New Delhi, IMEC is a 6,000-km multimodal connectivity initiative linking India a

Adani Ports

The initial pact proposes the creation of an IMEC Ports Club to enhance coordination among key ports along the IMEC route and reinforce connectivity between India and the European Union

Online travel major MakeMyTrip will integrate OpenAI's APIs into its GenAI assistant Myra to convert conversational travel queries into personalised, bookable options

The tainted infant-milk mess, triggered by a contaminated ingredient, came as the world's biggest food company was already struggling to revive its shares from their multi-year lows

Philipp Navratil, Nestle, Nestle CEO

Bloomberg

Japanese automaker Nissan is lining up multiple products, bolstering its sales infrastructure as it places 2026 as the year of resurgence for the brand in India.
The company, which currently sells just one model Magnite in the country, on Tuesday launched its second offering  -- the seven-seater MPV Gravite.
"When we say Nissan is committed to India, what's really important is the year 2026. This is going to be a year for the brand resurgence for Nissan in India," Nissan Motor India MD Saurabh Vatsa told reporters here.
Besides Gravite, the company plans to bring in a Tekton SUV and a larger seven seater C segment SUV later this year, he added.
"So in close succession, we are bringing in three new vehicles in almost 12 months from now. Therefore, the year of resurgence, which is going to be based on a product lineup which is broadly SUVs," Vatsa said.
He noted Magnite will continue to play an important role in the company's product portfolio in the country.
Vatsa said the company

Nissan

The company, which currently sells just one model Magnite in the country, on Tuesday launched its second offering -- the seven-seater MPV Gravite

Venture capitalists say stronger IPO exits have boosted LP confidence in long-gestation deep-tech and AI ventures, with family offices also stepping up bets in the sector

Artificial intelligence

Sanjeev Kumar engineered AI-led systems tailored to low-end smartphones, regional languages and first-time shoppers, helping Meesho scale to 250 million annual transacting users

Sanjeev Kumar, Meesho's whole-time director and chief technology officer

The Pre-Series C round saw the participation of investors like Z47, RTP Global, and Fundamentum Partnership

Stable Money (Image: Company website)

Think & Learn, the parent of Byju's, has moved the Supreme Court challenging an NCLAT order permitting Aakash Educational Services to proceed with the second tranche of its Rs 240-crore rights issue

Byju's

Zapolsky spoke about how Amazon is balancing rapid AI innovation with evolving regulatory guardrails

David Zapolsky, chief global affairs and legal officer at Amazon

BSNL targets 5G soft launch in Delhi within six months, expands AI-led network optimisation and rural edge infrastructure as 4G rollout nears completion

Robert Ravi, Chairman and Managing Director, Bharat Sanchar Nigam Ltd (BSNL)

Jio Financial Services has named Sandeep Khetan as its new Group Chief Risk Officer, replacing S Anantharaman, who has resigned and will step down from the role on March 20

Jio Financial Services

Plans soft-brand rollout alongside Athiva expansion, with ₹2,500 crore capex to add over 1,000 keys and scale big-box hotels in metros and leisure destinations through debt and internal accruals

Shwetank Singh, MD&CEO of Chalet Hotels

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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