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 company wants contracts that provide good returns on investment and greater visibility on revenue and margins, rather than chase growth through low-margin work

Hanmantrao Gaikwad

GSMA pushes global adoption as countries begin testing and trialling 5G Advanced

Julian Gorman

OYO parent PRISM is planning to nearly halve the size of the fresh issue in its proposed initial public offering (IPO) to up to Rs 3,350 crore from almost Rs 6,650 crore, sources said on Tuesday.
People familiar with the matter told PTI the reduction in the issue size follows continued strong cash generation and an improving balance-sheet position, which has lowered the amount of capital the company needs to raise compared with what was originally envisaged.
"The original issue was sized before the company's more recent financial performance came through. With cash generation remaining strong and the balance sheet improving, the funding requirement has come down, allowing the company to reduce the amount of primary capital it raises.
"The objective is to raise what the business needs while keeping the capital structure efficient. The plan is to repay the residual debt over the next two to three years through cash flows generated by the business," a person familiar with the matter ..

Ritesh Agarwal, OYO Rooms founder and CEO

OYO parent PRISM is planning to nearly halve the size of the fresh issue in its proposed initial public offering (IPO) to up to Rs 3,350 crore from almost Rs 6,650 crore, sources said on Tuesday

Jairam Sridharan says urban and semi-urban markets will drive H2 growth as the lender takes a measured approach to wholesale lending

Jairam Sridharan

With former finance secretary M Nagaraju taking charge at IL&FS, its resolution enters another phase, with recoveries slated to exceed commitments, even as the crisis has influenced insolvency reforms

IL&FS

UK watchdog proposes wider, cheaper access to iPhone contactless technology to boost competition among digital wallet providers

Apple ‘Pro and tell’ event teaser ahead of expected MacBook Pro, iMac and iPad mini launches

Apple's Pro and tell event

Bloomberg

The lender says its capital buffers, deferred tax assets and other options provide flexibility even as the reinstatement of Rs 8,415 crore in AT1 bonds may lower its CET1 ratio

Yes Bank

India's auto tech companies raised USD 1.3 billion across 97 funding rounds so far this year, according to a report from data intelligence platform Tracxn.
The funding rounds were led by ride-hailing firm Rapido's USD 240 million, followed by electric two-wheeler manufacturer Simple Energy's USD 180 million and River's USD 102 million.
"India Auto Tech companies raised USD 1.3 billion across 97 rounds in 2026 year to date (2026 YTD) against USD 2.1 billion across 195 rounds in 2025. All funding figures are US dollar equity funding and exclude debt, grant, post-IPO and ICO funding," the report, India Auto Tech - 2026 YTD, said.
Automated parking solution provider Sotefin recorded the highest IPO market capitalisation at USD 35 million, followed by Victory EV India at USD 11 million and accessories company AutoFurnish at USD 6 million.
There were 10 rounds of USD 34 million or more, totalling USD 900 million during the period. These accounted for around 70 per cent of the total USD 1

startup funding investment

The funding rounds were led by ride-hailing firm Rapido's $240 million, followed by electric two-wheeler manufacturer Simple Energy's $180 million and River's $102 million

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

Ahead of Jio's IPO, Akash Ambani discusses the company's valuation, governance, telecom tariffs, AI ambitions, satellite broadband plans and opportunities for global expansion

Akash Ambani, chairman of Reliance Jio Infocomm

IndusInd General Insurance Company Ltd (formerly Reliance General Insurance), part of IndusInd International Holdings Ltd (IIHL) Group, on Tuesday announced the appointment of Sharad Mathur as its Managing Director & CEO, following statutory approvals.
Mathur brings three decades of experience in the insurance and financial services industry, with a strong track record in organisational transformation, distribution expansion, technology-led innovation, growth and governance, the company said in a statement.
Prior to joining IndusInd General Insurance, he served as MD & CEO of Universal Sompo General Insurance for over six years, leading its transformation and strengthening its distribution, risk management, and tech-led customer servicing capabilities.
Earlier, he held leadership positions at SBI General Insurance and ICICI Lombard, contributing to their growth from their formative stages.
At IndusInd General Insurance, Mathur will lead the company's next phase of ...

Sharad Mathur, Universal Sompo General Insurance

Prior to joining IndusInd General Insurance, he served as MD & CEO of Universal Sompo General Insurance for over six years

South Indian Bank MD & CEO Mahesh Pai plans to enter the credit card business within six months, boost retail lending, expand branches and target 15-16% credit growth over the next two years.

Mahesh Pai, MD & CEO, South Indian Bank

We have enough room to grow credit at the pace at which overall deposits  are growing says Ashok Chandra MD & CEO of PNB

Ashok Chandra

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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