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

Titan plans to take a leadership position in lab-grown diamonds with BeYon, betting on aggressive pricing and a full-fledged retail and e-commerce play

Ajoy Chawla, chief executive officer (CEO), jewellery division, Titan Company

Three Proxy advisory firms have supported all three proposals, including stake dilution in favour of Japan-based MUFG Bank, for the Shriram Finance EGM to be held next week.
The extraordinary general meeting has been called on January 14 to secure a nod for fund infusion of Rs 39,618 crore or USD 4.4 billion (about Rs 39,600 crore) from MUFG Bank by diluting 20 per cent stake through preferential issue shares.
Last month, Japan's Mitsubishi UFJ Financial Group Inc (MUFG) announced its plan to acquire a 20 per cent minority stake in non-bank lender Shriram Finance for Rs 39,618 crore (around USD 4.4 billion), marking the largest cross-border investment in India's financial sector to date.
The first two resolutions are the preferential allotment of shares of 20 per cent shareholding to MUFG Bank and the grant of special rights to MUFG Bank. These are special resolutions requiring 75 per cent of votes cast.
The third resolution is the USD 200 million non-compete fee being paid by MUFG

Shriram Finance

The markets have been cheering the MUFG investment as the stock price has run up 20 per cent to ₹1,010 per share from the ₹840.93 per share investment price

India's largest beer maker will expand its visi-cooler network, add new capacity and roll out product innovations to drive accessibility and category growth

Vivek Gupta, CEO, UBL

The special resolutions will be put to vote between January 11 and 13, with an extraordinary general meeting (EGM) scheduled for January 14

Inox Clean Energy ties up ₹3,100 crore equity from global and domestic investors to fund IPP growth and solar manufacturing expansion, valuing the firm at ₹50,000 crore

Inox Clean Energy Limited

Eternal, the parent entity of Zomato and Blinkit, has received a goods and services tax (GST) demand order, along with interest and penalty, amounting to Rs 3,69,80,242 for the period April 2019 to March 2020.
The order was passed by the Additional Commissioner of State Tax (Appeals), West Bengal.
The demand order has been received with respect to short payment of output tax with interest and penalty thereon, Eternal said in a regulatory filing late on Tuesday evening.
The company said it believes it has a strong case on merits, and will file an appeal against the order before the appropriate authority.
In the regulatory filing, Eternal stated it "has received an order on 6 January 2026 for the period April 2019 to March 2020 passed by Additional Commissioner of State Tax (Appeals), West Bengal confirming demand of GST of Rs 1,92,43,792 with interest of Rs 1,58,12,070 and penalty of Rs 19,24,380".

deepinder goyal

The company said it believes it has a strong case on merits, and will file an appeal against the order before the appropriate authority

Tata Power Renewable Energy Ltd (TPREL) will set up a greenfield 10 GW ingot and wafer manufacturing facility at Nellore, Andhra Pradesh, with an investment of Rs 6,675 crore.
The project will be the largest ingot and wafer manufacturing facility in the country, reinforcing Andhra Pradesh's position as a leading hub for advanced solar manufacturing, state government officials said.
The project has been cleared by the State Investment Promotion Board (SIPB) chaired by Chief Minister Chandrababu Naidu.
The facility will be developed at the IFFCO Kisan Special Economic Zone, where the Government of Andhra Pradesh has earmarked 200 acres for the project, including 120 acres for the initial phase and 80 acres for future expansion.
The ingots and wafers produced at the facility are critical inputs for solar cells, modules, and semiconductor applications, and the project aligns with the Government of India's push to strengthen domestic manufacturing and reduce import dependence for strate

Tata power

The project will be the largest ingot and wafer manufacturing facility in the country, reinforcing Andhra Pradesh's position as a leading hub for advanced solar manufacturing

Venture investors and startup executives are betting on services, enterprise tools in 2026 after missing the infrastructure boom

Artificial Intelligence, AI Technology, IT Sector

With nearly 8,500 schools already on board, LEAD Group is planning its next growth phase ahead of a proposed FY28 IPO

Sumeet Mehta, chief executive officer and co-founder of LEAD Group

The startup's human-like voice AI can handle long sales calls and, according to the company, delivers significantly higher conversion rates than human agents

(L) Devyani Gupta, founder, Arrowhead; (R) Vengadanathan Srinivasan, founder, Arrowhead

The company raised the debt financing from the National Bank for Financing Infrastructure and Development (NaBFID), HSBC Bank, DBS Bank India, Barclays Bank and Aseem Infrastructure Finance Limited

NTPC, renewable energy, Green energy

India's value lies in building products on top of indigenous models developed with locally developed parameters, says Abhishek Singh

IndiaAI Chief Executive Officer (CEO) Abhishek Singh

Venture capital firm Hashed Emergent's CEO Tak Lee on why India's Web3 startups are building necessities, not luxuries

Tak Lee, CEO & Managing Partner Hashed Emergent

Central Bank of India expects to meet SEBI's public shareholding norms well before the August 2026 deadline as it sees strong loan growth across retail, MSME and corporate segments and expands digital

Kalyan Kumar, Managing Director and Chief Executive Officer, Central Bank of India

AI, machine learning and 5G are making industrial automation smarter and easier to deploy, as Rockwell Automation deepens its manufacturing and export focus in India

Dilip Sawhney, Managing Director, Rockwell Automation India

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

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Pham Sanh Chau

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Yogesh Mathur, Director-Sales & Marketing, HMSI

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

JSW joint managing director and chief executive officer Jayant Acharya

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