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

Apex court urges mediation in inheritance dispute between Rani Kapur and Priya Kapur while allowing key company meeting to proceed

Sunjay Kapur’s mother, Rani Kapur, on Thursday shot off a letter to the company board, alleging that she was “coerced” into signing documents behind “locked doors”

Sunjay Kapur's mother, Rani Kapur, on Thursday shot off a letter to the company board, alleging that she was “coerced” into signing documents behind “locked doors”

JSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of non-convertible debentures and equity shares.
The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, the company said in a regulatory filing.
It said funds will be raised through the issuance of non-convertible debentures with warrants, which are convertible into or exchangeable with equity shares of the company of face value of Re 1 each (the equity shares) at a later date, for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board.
Also, the company plans to issue equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board.
In a separate statement, JSW Steel said the board has considered and approved the "Scheme of Amalgamation pursuant to section 230-232 and oth

JSW Steel, JSW

The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of ₹6,400 crore, the company said in a regulatory filing

The fashion retailer aims to bring 1 million creators into its affiliate ecosystem as creator-led commerce contributes a growing share of sales

Myntra office in Bengaluru

India's biggest realty firm DLF Ltd has announced an additional investment of Rs 21,300 crore to complete its ongoing residential projects, mainly in Delhi-NCR, Mumbai and the tri-city Chandigarh.
In its latest investor's presentation uploaded on the BSE on Wednesday, DLF said the "pending cost to complete for all launched projects" stands at Rs 21,300 crore.
The company also disclosed that receivables from customers against the sale of properties stand at Rs 33,840 crore. The net receivables after meeting the pending cost to complete the launched project are Rs 12,540 crore.
Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh, including an ultra-luxury project 'The Dahlias' at Gurugram, which has a revenue potential of around Rs 35,000 crore.
On Wednesday, DLF  the country's largest real estate company by market capitalisation  announced its financial results and also operational performance for the last fiscal.
Duri

DLF stock, DLF Q2 results, DLF Mumbai project, DLF sales growth, real estate India, DLF share price, DLF Dahlias Gurugram, DLF pre-sales FY26, real estate stocks, DLF brokerage rating

In its latest investor's presentation uploaded on the BSE on Wednesday, DLF said the pending cost to complete for all launched projects stands at ₹21,300 crore

Promoter shareholding in Bharti Telecom to rise to over 51% through buybacks, dividends

Sunil Bharti Mittal, Sunil Bharti

Debadatta Chand, chief executive officer of the bank, which absorbed two state-run lenders in 2019, said larger balance sheets will be crucial as lenders look to compete globally

Pedestrians in front of the Bank of Baroda in Mumbai

Bloomberg

Travel tech platform Easy Trip Planners Ltd on Wednesday said its board has approved raising Rs 500 crore through a rights issue.
The board of directors has approved the issuance of equity shares on a rights basis for an amount not exceeding Rs 500 crore, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing.
Fully paid-up equity shares of face value of Re 1 each will be issued as security, but the number of securities proposed to be issued and the issue price will be determined after finalisation of the terms of the rights issue by the board, as recommended by the rights issue committee, it added.
The board has also approved the appointment of the necessary intermediaries in connection with the rights issue, the company said.

EaseMyTrip

The board has also approved the appointment of the necessary intermediaries in connection with the rights issue, the company said

As startups increasingly tap public markets, investors are becoming more selective and demanding clearer paths to profitability than during the 2021 boom

startups launching IPOs

The industry body is framing a code of conduct, audit norms. and customer protection standards while seeking formal recognition from ministries, said Chairperson Nirupama Soundararajan

DPMACI chairperson Nirupama Soundararajan.

Amazon and Flipkart are expanding dark-store networks beyond major urban markets as competition and saturation pressure profitability in metros

gig economy India FY26, gig worker growth 2025, TeamLease gig jobs data, quick commerce hiring India, e-commerce gig jobs India, logistics gig workforce, last-mile delivery jobs India, festive season hiring India, gig job trends FY26, SkyeAir drone d

The Indian semiconductor startup is developing AI-native processors for appliances, EVs and industrial systems that process data closer to where it is generated

Ramamurthy Sivakumar, founder and CEO of HrdWyr

We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said

Hardeep Singh Ahluwalia, executive director, Canara Bank

In the centenary year marking the inception of Bajaj Group as a business house in Mumbai, Chairman Shekhar Bajaj speaks about the journey and the road ahead for Bajaj Electricals

Shekhar Bajaj, Chairman, Bajaj Electricals

Bajaj outlined the group's ambition to take Bajaj Finserv to every middle-class household in India over next 5 years and build it into country's "best" and one of its largest financial conglomerates

d-sanjiv bajaj-5

Ashok Kumar Panda has assumed charge as chairman and managing director of SAIL, with a focus on expansion, raw material security and value-added steel

Ashok Kumar Panda has assumed charge as chairman and managing director (CMD) of Steel Authority of India Limited (SAIL)

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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