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

Global steel major Tata Steel is scaling up artificial intelligence, connected workforce systems and remote operations to make industrial safety more predictive, with the company already using more than 10,000 CCTV cameras and AI-enabled surveillance to identify unsafe behaviour and intervene before accidents occur, a top official said on Friday.
"Most people use CCTVs for post-mortem after an incident. We want to do it proactively -- to prevent accidents. Tata Steel is scaling up AI, computer vision and remote operations to shift workplace safety from post-incident investigation to real-time accident prevention, with over 10,000 CCTV cameras across its operations," Rajiv Mangal, Vice President, Safety, Health and Sustainability, Tata Steel, told PTI.
Over the past 15 years, Tata Steel has achieved a 38 per cent reduction in its lost time injury frequency rate (LTIFR) across the group.
The company is using AI-enabled surveillance to detect unsafe acts and generate immediate alerts f

Tata Steel, Tata

The company is using AI-enabled surveillance to detect unsafe acts and generate immediate alerts for supervisors, instead of relying only on common practices to monitor thousands of camera feeds.

Alembic Pharmaceuticals on Friday said the US health regulator has completed an unannounced inspection at its bioequivalence facility in Vadodara, Gujarat, with zero observation.
In a regulatory filing, the company said the United States Food and Drug Administration (USFDA) carried out the onsite bioequivalence inspection from August 31, 2026, to September 10, 2026.
The inspection concluded with no Form 483 observations, it added.
In USFDA parlance, an FDA Form 483 is issued to a firm's management at the conclusion of an inspection when investigators observe conditions that may violate the Food, Drug, and Cosmetic Act and related regulations. No observations under this rule indicate a clean outcome.

Alembic Pharmaceuticals (Photo: Company website)

Alembic Pharmaceuticals said the USFDA completed an unannounced inspection of its Vadodara bioequivalence facility with no Form 483 observations

Decathlon Sports India, leading sports goods manufacturer and retailer, on Friday said its wholesale or Business-to-business (B2B) business has grown 20-fold over the last five years and the vertical contributed about 10 per cent to the total revenue.
According to RoC filings, Decathlon India's revenue from operations was Rs 4,133.10 crore for the financial year ended on March 31, 2025. It is yet to file the FY26 numbers with the Registrar of Companies (RoC).
The wholesale business now delivers to more than 20,000 pin codes across India, covering over 90 per cent of the country.
"Tier 2 and Tier 3 regions, including high-altitude terrains across Jammu & Kashmir, Leh & Ladakh, Himachal Pradesh and the Northeast, contribute more than 40 per cent of total B2B revenues," the company said in a statement.
Decathlon India's wholesale arm is evolving into an integrated sports solutions partner, expanding its footprint to defence establishments, government bodies and over 20,000 ...

Decathlon

High-altitude terrains across Jammu & Kashmir, Leh & Ladakh, Himachal Pradesh and the Northeast, contribute more than 40 per cent of total B2B revenues

The partnership will focus on quantum computing, algorithms, AI and post-quantum cybersecurity, with emphasis on research, validation and eventual deployment

artificial intelligence in cybersecurity

Vodafone Idea, the country's third-biggest wireless operator in terms of users but still loss-making, plans to use some funds to improve its network and better compete with Airtel and Jio

State Bank of India, SBI

Bloomberg

The state-owned lenders are using cheaper foreign-currency funding to meet rupee liquidity needs, extend loans and reduce dependence on high-cost deposits and borrowings

rupee, RBI, FCNR(B), dollar inflows, forex intervention, foreign exchange reserves, banking system liquidity, WACR, VRRR, cash reserve ratio, ICRR, dollar swap

Equirus Securities sees HPCL as the most vulnerable among major oil marketers, while BPCL is relatively better placed due to stronger integration and distillate yields

Indian consumers may soon face higher fuel prices if OMCs are unable to absorb the impact of rising global rates

The two-day exposition seeks to facilitate investment discussions, technology partnerships, business linkages and international market access for Indian startups

BRICS Summit, BRICS, BRICS 2026

The Hosur facility will initially produce 250,000 electric two-wheelers annually and can scale to 500,000 units as the company targets India's growing mass-market EV segment

Ultraviolette unveiled its first mass-market electric scooter, the Tesseract

Reuters

Razorpay CEO Harshil Mathur said AI could lower personalisation costs and help startups target niches such as Gen Z payments, HNI wealth management and multilingual platforms.

Harshil Mathur, CEO & CoFounder Razorpay

The US patent covers GalaxEye's core invention for architecture and system used to align and synchronise optical and microwave sensors for simultaneous, spatially, temporally matched data acquisition

GalaxEye

FSSAI CEO Rajit Punhani says food companies must comply with regulations and ensure labels accurately reflect products, as consumer complaints and state enforcement rise

image

The resignation followed concerns identified in an internal audit review over the handling and disclosure of information relating to the board evaluation report

Coforge's non-executive Chairman O P

BofA sees India as key cross-border payments hub as it pilots Zelle-UPI link

Daniel Stanton, Global Head of Transactional FX, Cross Border Real-Time Payments and Clearing, Global Payments Solutions at Bank of America (BofA)

Novartis doubles down on innovation in India, eyeing R&D, clinical trials and a stronger regulatory ecosystem while moving away from traditional generics

(From left) Judith Love, President, Asia Pacific, Middle East and Africa, Novartis; and Amitabh Dube, Country president and managing director, Novartis India

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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