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

Amazon's Smbhav Venture Fund and Climate Pledge Fund co-lead funding round; ₹100 crore government loan to support Pune plant producing 200,000 litres of biocrude daily from farm waste

Greenjoules Private Limited

R Systems MD and CEO Nitesh Bansal says AI-native products and services account for a significant share of revenue, while traditional engineering services face a gradual decline

Nitesh Bansal, MD and CEO of R Systems

Krisp expects India to emerge as its largest voice AI deployment market, driven by growing demand for multilingual translation, accent neutralisation and AI-powered call centre services.

Davit Baghdasaryan

The investments in Sagar Defence Engineering, Rational Engineers and TASE Global span autonomous defence systems, power infrastructure and precision engineering

Aniket Dharamshi, co-founder and managing partner, ValueQuest

UK-based business financial platform Tide plans to invest around 250 million pounds (about Rs 3,100 crore) in India by the end of 2030 to scale up operations and technology centres supporting its global business.
The company plans to ramp up investment up to 500 million pounds in the longer term.
India will remain an important part of its global operations, with investments focused on strengthening its operations and technology centres that support its businesses in the UK and Europe, Tide said in a statement.
Tide employs around 800 people at its centre of excellence in Hyderabad across functions such as member support, product and engineering.
The Hyderabad centre accounts for nearly one-third of the company's total workforce and drives its core operations, engineering and product innovation, it said, adding that the company also intends to advance its operations centre in Delhi, which supports its UK and European businesses.
However, it said, following a detailed strategic revi

Venture capital funding for Indian startups remained largely flat for the third consecutive year, reaching $10.9 billion between January and October 2026, even as investors concentrated larger investments in fewer startups.

The company plans to ramp up investment up to 500 million pounds in the longer term

Qualcomm has begun workforce reductions in India, starting with its Bengaluru facility, as part of a global restructuring that could put around 1,000 jobs at risk

Qualcomm

Bright Outdoor Media Ltd has moved its shares to the main boards of the BSE and the National Stock Exchange, marking a step up from the SME platform where it became India's first listed outdoor advertising company in March 2023.
The transition gives the Mumbai-based company a wider capital-market platform as it looks to expand its outdoor advertising network, increase its digital billboard portfolio and pursue opportunities in government and infrastructure-led projects, according to a company statement.
Founded in 1980, Bright Outdoor Media operates more than 1,350 hoardings across strategic locations and owns over 50 large-format digital LED billboards in Mumbai. Its business spans traditional outdoor advertising, digital displays and advertising contracts across public infrastructure and transit networks.
The company said its expansion has included opportunities linked to the Navi Mumbai Metro Line advertising tender and the Vile Parle-Kandivali railway road overbridge advertising

bse, nse stock market

Founded in 1980, Bright Outdoor Media operates more than 1,350 hoardings across strategic locations and owns over 50 large-format digital LED billboards in Mumbai

Nvidia's chips underpin major Indian AI projects, including Reliance, Yotta, L&T, and Sarvam, even as chief executive Jensen Huang faces scrutiny over a suspected Chinese intelligence operative

Jensen Huang, Jensen, Nvidia

E-commerce platforms report a surge in AI-led product discovery during festive sales, while expanding its use to logistics, forecasting and customer support.

AI shopping agent, Artificial intelligence, AI agent

Founded by former Ultrahuman executive Apoorv Shankar, Aina has unveiled an AI-powered ring that anticipates user needs and controls apps and devices, with pre-orders from $399

Aina AI

Cosmoserve Space unveils Base 1 in Hyderabad for space debris removal and satellite servicing, raises $6 million in seed funding and targets commercial operations by 2028

cosmoserve

IIFL Finance plans to deploy 70% of the capital raised into gold loans and secured business lending, while using the rest to repay debt

Nirmal Jain, Founder & Managing Director, IIFL Finance

Dabur India CEO Herjit Bhalla says the rural-urban growth gap has narrowed to 150 basis points, while the company focuses on premiumisation, cost savings and distribution expansion

Dabur India CEO Herjit Bhalla

Goldman Sachs has elevated Gowri Sekar as its first woman partner in India, alongside Ashoke Sharma, as the US investment bank announces its largest partner class since 2010

Gowri Sekar

Hema Namburi, who has served as InMobi's global financial controller since 2018, replaces Marc Steifman as the company prepares for a $1 billion public offering in India

Hema Namburi

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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