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

DLF expects revenue growth to accelerate from FY28 as projects worth ₹75,000 crore near completion. The company also expects further price increases at The Dahlias

DLF, DLF revenue growth, DLF FY28, DLF projects, Badal Bagri, Aakash Ohri, Ashok Tyagi, DLF The Dahlias, DLF Q2 results, DLF net profit, DLF sales bookings, DLF dividend, real estate sector

Bharucha, 60, was among the contenders for the bank's top job, with the board recommending him as its internal candidate for the position of managing director and chief executive officer (MD & CEO)

Kaizad Bharucha, deputy managing director of HDFC Bank

Food regulator FSSAI has initiated legal proceedings for prosecution against Surya Food & Agro for using cattle feed bran in manufacturing of Priyagold biscuits and for other serious violations.
Legal proceedings for prosecution have also been initiated against Dodla Dairy and UEIR Organic Foods for serious violations of FSSAI rules and regulations.
The action against Surya Food & Agro, which sells Priyagold biscuits, has been taken as it was using cattle feed bran in manufacturing of the biscuits. The sample of Dodla Dairy's full cream milk was substandard, while pesticide residues were found in yellow raisins sold by UEIR Organic Foods.
In a social media post on Saturday, the Food Safety and Standards Authority of India (FSSAI) informed that it has "initiated legal proceedings for prosecution" against these three companies for "serious food safety violations".
In the matter of Surya Food & Agro, the regulator found that the company was using cattle feed bran in ...

FSSAI

FSSAI said Surya Food & Agro used cattle feed bran in Priyagold biscuits, Dodla Dairy's full cream milk sample was substandard, and pesticide residues were found in raisins sold by UEIR Organic Foods

While expressing confidence in the Indian economy, Narayan pointed out that the country's energy import bill, which puts pressure on the rupee, affects dollar returns for investors

Yuvraj Narayan, Group CEO, DP World

The Mumbai-based developer reported a 6.1 per cent decline in Q2 revenue to Rs 1,670.95 crore, while booking value stood at Rs 9,149.69 crore during the quarter

Vikas Oberoi

Applications chief Vijaye Raji says the company is building Hindi voices and courting Indian developers and enterprises

Vijay Raji

The funding takes RapidCanvas' total capital raised to $52.5 million and will support expansion of its go-to-market teams, field AI engineering operations and partner network.

RapidCanvas | Image: Company's Website

The digital billing and payments company will use the investment to expand teams, infrastructure, AI initiatives and product development at its India innovation hub

Invoicecloud

The Chennai-based retailer has added 54 Karnataka showrooms through Unilet and is preparing for its first major Dussehra and Diwali festive season in the state

ipo, initial public offering

Accel and Zacua Ventures co-led the funding round, which will help Origin scale deployment of its OG-1 robot, expand its fleet and run customer pilots in overseas markets

Construction Robot

The startup plans to expand beyond Bengaluru and invest in AI, verification and logistics after facilitating ₹25 crore in sales in its first year

Chirag Kataruka & Ankit Misra, Circle

ReNew CEO Sumant Sinha said high nuclear power costs could limit adoption in India, while stressing the need for grid expansion, energy storage and domestic supply chains

ReNEW CEO | Image: www.renew.com

Radisson plans to launch its first branded residence in India by December and double its hotel portfolio to 500 by 2030, says global development chief Elie Younes

Elie Younes, executive vice-president and global chief development officer, Radisson Hotel

Hughes India CEO Shivaji Chatterjee says its satcom and non-satcom businesses are now equal in size, while faster regulatory approvals could unlock growth in satellite connectivity.

Shivaji

Mittersain will become a non-executive director as Nazara reshuffles its leadership, appoints a new CFO and approves a ₹730.78 crore share allotment to five individuals

Nitish Mittersain, CEO of Nazara Technologies

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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