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

The fund will focus on high-growth, founder- and family-owned businesses benefiting from domestic consumption across consumer, health care, financial services and technology

Economy, Investments

Volkswagen expects to sign a deal with a local partner in India this year, the CEO of its Skoda brand, Klaus Zellmer, said, as the German group ​struggles to build scale in the Indian car market.

Volkswagen, Skoda

Reuters

Elevated crude prices amid West Asia tensions could boost ONGC and Oil India earnings, with the latter offering greater upside on stronger production growth

Crude oil, OVL, ONGC Videsh

Hyundai Motor India said on Wednesday it will increase vehicle prices by up ​to 1% across its portfolio from September ​this year, with the extent of the hike ‌varying by model and variant.

Hyundai

Hindustan Unilever approached the Delhi High Court against Kwick Living (I) Private Limited over advertisements targeting Surf Excel and Vim, alleging product disparagement and trademark infringement

Hindustan Unilever Limited

Mining major Vedanta on Wednesday said it invested more than USD 1 billion in net-zero transition initiatives in FY26, with renewable energy, lower-carbon fuels, energy efficiency and technology-led interventions driving its decarbonisation efforts.
As part of this transition, the group's renewable energy utilisation went up 52 per cent year-on-year to 4 billion units (400 crore units) in 2025-26, equivalent to the annual electricity consumption of around 3 crore Indian households.
Vedanta now has nearly 2,000 MW of installed and contracted renewable energy capacity and is targeting 2.5 GW round-the-clock renewable energy capacity by 2030.
These initiatives, alongside other decarbonisation interventions, helped avoid approximately 3 million tonne of carbon dioxide equivalent emissions in 2025-26, while greenhouse gas emissions intensity across the group's metals and mining production declined by approximately 14 per cent from the 2020-21 baseline, the company said in a ...

As part of this transition, the group's renewable energy utilisation went up 52 per cent year-on-year to 4 billion units in 2025-26

The capital will support CtrlS's infrastructure expansion and capacity build-out to meet growing enterprise and hyperscaler demand across India

Nikhil Kamath

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 CEO Srinivas L

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

NSRCEL plans specialised sector centers and AI tools to expand its entrepreneur network toward one million

IIM BANGALORE

Sinha's three-year term to begin on Oct 1, Mittal to leave board on Sept 30

Shabnam Sinha

Mittal, founder and chairman of Bharti Enterprises, was appointed non-executive chairman of Airtel Payments Bank in April 2016

Maheshwari also delved into the company's offline expansion, acquisitions and artificial intelligence (AI) strategy

Prateek Maheshwari Cofounder, PhysicsWallah

Krishna Jonnalagadda believes power is the main constraint in building artificial intelligence data centres

Krishna Jonnalagadda, global chief technology officer, GE Vernova

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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