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

'Our target group has been young middle class. Over the years, we have graduated to a slightly higher ticket size doing about Rs 1.5 lakh in average ticket size in unsecured credit or personal loans;

Abhishek Dwivedi, managing director and chief executive officer, Navi Finserv

CIL Global will explore overseas critical mineral acquisitions and manage investments as the state-run miner looks to diversify its portfolio beyond coal

Coal India

In an in-person interview, K Krithivasan , CEO and managing director TCS and Michael Leiters, CEO, Porsche AG talk about the acquisition and the carve-out with Shivani Shinde.

K Krithivasan , CEO and managing director TCS (L) and Michael Leiters, CEO, Porsche AG (R)

The average variable payout remained unchanged from the fourth quarter but was lower than the 80 per cent paid for the same period last year amid macroeconomic volatility

Infosys

The ports and logistics major expects its planned investments to materialise over five years and is evaluating avenues for deploying the committed capital in India

DP World

The court held that a refund arising from an assessment or appellate order cannot be withheld merely because the taxpayer has not furnished Form 26B

VI, vodafone idea

HUL argued that Beco's online sales to Delhi consumers establish a commercial link with the city, while Kwick Living questioned the court's territorial jurisdiction

Delhi High Court

The transaction is subject to regulatory approvals, including a CCI nod, and comes as the Bengaluru-based fintech prepares for a potential initial public offering

Fintech

Zilo, Knot and NewMe are adding thousands of styles, expanding fulfilment capacity and tapping physical stores as weddings, festivals, travel and gifting drive demand

Quick commerce, Quick commerce festive discounts, Quick commerce holi price war, Blinkit, Zepto, Swiggy Instamart, Flipkart Minutes

There is a paradigm shift happening in the cybersecurity domain as entry barriers for attacks have reduced because of artificial intelligence, says 63SATS Cybertech's joint MD & joint CEO

Srinivas L, joint managing director and chief executive officer at 63SATS Cybertech

Ati Robotics plans a US manufacturing plant, while Addverb and Novus Hi-Tech are developing physical AI robots for industrial and defence applications and exports.

Robodog, quadruped robot, robot

Jindal Steel aims to raise production to 12-12.5 MT by FY28, focus on value-added steel and boost exports amid rising freight costs and tougher global markets

V R Sharma, the newly appointed managing director (MD) of Jindal Steel Ltd (JSL)

Fino Payments Bank on Monday said its board has approved the extension of tenure of Ketan Merchant as interim CEO for a period of three months effective from August 27, 2026.
The decision of Nomination & Remuneration Committee of the board is subject to approval of Reserve Bank of India (RBI), the bank said in a regulatory filing.
RBI had last extended tenure of Merchant for a further period of three months with effect from May 27, 2026.
Merchant was appointed interim CEO following the arrest of its managing director and CEO Rishi Gupta for violating laws related to the Goods and Services Tax in February.
Directorate General of GST Intelligence (DGGI) arrested Gupta for alleged use of shell companies and payment aggregators to funnel illicit funds generated by online money gaming.
Prior to appointment as interim CEO, Merchant was serving as Chief Financial Officer of the bank.

Fino Payments Bank

Fino Payments Bank on Monday said its board has approved the extension of tenure of Ketan Merchant as interim CEO for a period of three months effective from August 27, 2026.

Manish Anandani will take over as managing director and chief executive officer of Colgate-Palmolive India from September 28

Manish Anandani, Colgate

Anandani was most recently managing director for India and South Asia at Kenvue, which was spun off from pharma giant Johnson & ‌Johnson's consumer business and listed in 2023

Colgate Palmolive India | Image: Company Website

Reuters

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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