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

A ransomware group claims to have leaked over 200,000 Tata Electronics files, including documents linked to Apple and Tesla, raising fresh supply-chain security concerns

cybercrime, deepfake

Bharti Airtel has raised its stake in Airtel Africa by 16.31 per cent to about 79 per cent through a share-swap agreement, which is estimated to be around Rs 28,200 crore, according to a company filing on Tuesday.
Before the transaction, Bharti Airtel held 62.73 per cent in Airtel Africa.
"The company completed the acquisition of 595,204,251 shares (around 16.3 per cent stake) of Airtel Africa, from ICIL on June 22, 2026. Consequently, the company's effective stake in Airtel Africa has increased to around 79 per cent," Bharti Airtel said in the filing.
The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited (ICIL), a promoter group entity, on a preferential basis, in exchange for its 16.31 per cent stake in Airtel Africa.
The transaction, being a cashless share-swap, presents an opportunity to the company to acquire a large block and increase its economic interest in a high-growth asset without any incremental leverage or cash outflow, th

Airtel, Airtel Africa

The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited, a promoter group entity, on a preferential basis, in exchange for its 16.31% stake in Airtel Africa

Corporate order inflows hit a 13-month low in May as weak demand, geopolitical tensions and cautious private investment weigh on project awards

Corporate order

Renault India on Monday said it has started exports of its new Duster SUV, with the first shipment leaving for South Africa.
The first shipment of 750 vehicles departed from Chennai to South Africa, marking the beginning of Renault India's export programme for the new Duster, with additional international markets planned in the coming months, the company said in a statement.
Commenting on the start of exports of the new Duster, Renault Group India CEO Stephane Deblaise said it is a strong validation of the quality, capabilities, and competitiveness of the company's operations in Chennai.
"It reflects the progress we have made in building India into an integral part of Renault's global industrial footprint," he added.
As Renault continues to expand its international footprint, Deblaise said, "India will play an increasingly strategic role in our future plans. We remain committed to contributing to the country's manufacturing ambitions and are working towards our objective of generat

Renault

The first shipment of 750 vehicles departed from Chennai to South Africa, marking the beginning of Renault India's export programme for the new Duster

Tata Electronics reports a cyber incident after hackers allegedly leaked Apple and Tesla-related design and manufacturing files on the dark web

Tata Electronics

Reuters

Automaker seeks clearance of pending subsidies and incentives while evaluating Tamil Nadu and Karnataka for new EV and three-wheeler manufacturing facilities

Bajaj Auto

Half of all orders are now daily essentials, as the e-commerce giant sees speed and selection locking in shopper loyalty

Harsh Goyal, vice-president for Everyday Essentials at Amazon India

Escalating tensions in West Asia have made investors more cautious, dragging India's startup funding 43% lower since March

investment, funds, funding

Ahead of a planned listing, Zepto's 23-year-old co-founder is betting that robots and software can narrow the cost of quick commerce delivery

Zepto Mother Hub

Innovist founding team will remain in place as minority shareholders and will continue to operate and scale the business in collaboration with L'Oreal India

Loreal-innovist

The Bessemer-led funding will help the startup expand clinics and veterinary services, broaden insurance offerings and invest in technology

Gaurav Ajmera, Founder & CEO, Vetic

Shah will succeed Will Cathcart, who has led WhatsApp since 2019. Cathcart will move to a newly created division within Meta focused on building next-generation products

Kunal Shah

Meta acquires a minority stake in Cred through a $900 million investment and appoints founder Kunal Shah as global head of WhatsApp

Kunal Shah, founder, Cred

CMD Prasanna Kumar Motupalli spoke about NLC's critical mineral strategy, overseas expansion plans, funding road map, proposed NLC India Renewables initial public offering, and mining expansion plans

Prasanna Kumar Motupalli

BMW India sees rising EV demand and growing sales from smaller cities as it expands its footprint and prepares for opportunities under the India-EU FTA

Hardeep Singh Brar

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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