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

Design and technology services firm Tata Elxsi on Tuesday said it has signed an initial pact with startup Sarla Aviation to collaborate on the development of the Bengaluru-based firm's air taxi platform Shunya.
Under the collaboration, Tata Elxsi will provide engineering support across avionics, including flight control systems, software integration, testing, verification and validation, and certification.
On the other hand, Sarla Aviation will lead the design, development and type certification of the Shunya platform, the company said.
The engagement also creates opportunities to extend support across sensor fusion-based navigation software, industrial and structural design, and airworthiness test support, it added.
"Every major shift in transportation has been enabled by a combination of engineering innovation and ecosystem readiness. Advanced air mobility is no different, and Sarla Aviation's vision for Shunya reflects the ambition driving this transformation.
"Initiatives like

Air taxi

Design and technology services firm Tata Elxsi said it has signed an initial pact with startup Sarla Aviation to collaborate on the development of the Bengaluru-based firm's air taxi platform Shunya

Amazon's quick commerce business unit, Amazon Now, plans to expand its footprint to 300 cities nationwide soon, a top company official said on Tuesday.
"We are expanding very rapidly. We have a path to expand to about 300 cities very, very soon," Nishant Sardana, Director - Amazon Now, told PTI here.
Amazon Now, launched in January, 2025, is currently operates in about 30 cities.
Without specifying a timeframe for realising the plan to enter 300 cities, Sardana said the company is "quadrupling" its efforts to make it happen as fast as it can.
Since its launch, Amazon Now has been doing very well, growing about 20-25 per cent month-on-month, he said.
The quick commerce industry in the country is estimated to be about USD 20 billion a year, he said, without commenting on Amazon Now's share in it.
Amazon Now has invested Rs 2,800 crores, largely on setting up infrastructure and "partner safety and well-being," he said.
Sardana noted that Amazon Now currently has 650 Micro-Fulfillme

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Amazon's quick commerce business unit, Amazon Now, plans to expand its footprint to 300 cities nationwide soon, a top company official said on Tuesday.

Combined entity will bring together digital engineering, cybersecurity and AI capabilities with strengths in SAP, enterprise applications and Industry 4.0 offerings

Joseph Anantharaju

State-run aluminium producer pushes ahead with new smelter, captive power plant and mining projects as its Damanjodi refinery expansion enters commissioning phase

NALCO

Partnership will study the use of mining byproduct containing silica, iron oxides and other nutrients in crops such as paddy, wheat and vegetables

Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors

Design-led contracts accounted for 13.93% of manufacturing GMV in FY26, up from 7.65% three years earlier, as Zetwerk moves into engineering and co-creation

Zetwerk founders

No 3 carrier changes logo, launches brand campaign with SRK teaser

Vodafone Idea

The seed round will fund deployment of the company's first six swarming ISR satellites and support expansion of its mission operations and avionics-as-a-service businesses

investment, funds, funding

With this fundraise, the company has raised Rs 50.5 crore to date. It had earlier raised Rs 17 crore in a seed funding round

startup funding investment

Deal value grows 5% against a 161% global surge in the first seven months

Fintechs in the country have grown in the last decade, both in the number of entities and scale. The key growth sectors have been payments, credit, insurance and wealth management, fuelled by angel investors, venture capital (VC) and private equity.

IndiGo and Sarvam are working on AI applications for customer service, employee productivity and airline operations, with successful use cases set to be scaled up

Funding, Fund raising, Funding round

HDFC Life CEO Vibha Padalkar expects growth to return to early teens, with bancassurance, term insurance and non-par products driving expansion

Vibha Padalkar, managing director and chief executive officer of HDFC Life Insurance

Five-member bench finds no definitive majority in earlier proceedings, stays approval of Chandra's repayment plan and bars him from transferring properties

Subhash Chandra, Chairman Emeritus of ZEE and Chairman of the Essel Group

Cheap open-source AI models could widen the cyberattack threat as adversaries gain access to powerful tools without the cost of frontier models

Meerah Rajavel, chief information officer (CIO) at Palo Alto Networks

Dissenting lenders allege five entities linked to Subhash Chandra's family helped push through a repayment plan proposing Rs 6.5 crore against admitted claims

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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