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

Existing investors are set to inject about $40 million in equity, while BlackRock is expected to provide up to $50 million through its private-credit platform ahead of Udaan's IPO plans

Udaan

Japanese watchmaker Seiko expects India to become its third-largest market by the end of 2026, driven by robust demand and rapid growth in the country's premium watch segment

(L-R) Niladri Mazumder, President and COO of SEIKO India & Tatsuya Asami, Director & Senior Vice President, Grand Seiko Global Division, Seiko Watch Corporation

Premier Energies received solar cell and module supply orders worth Rs 3,011 crore in Q1 FY27, with deliveries scheduled across FY27 and FY28 as it expands manufacturing capacity

Chiranjeev Singh Saluja, Managing Director, Premier Energies

DXC Technology's new Bengaluru customer experience centre will anchor its AI-led consulting and engineering strategy, with India playing a central role in innovation and delivery

dxc technology

Tata Power targets Rs 1 lakh crore in revenue and Rs 10,000 crore in PAT by 2030, while expanding into nuclear power, battery storage and solar manufacturing in Odisha

Tata power

US legal experts said it would be highly unusual for a federal court to reject the Department of Justice's request to dismiss the criminal case against Indian billionaire Gautam Adani, after prosecutors set out detailed legal and policy reasons for seeking to drop the indictment.
Under Rule 48(a) of the Federal Rules of Criminal Procedure, the Justice Department must obtain the court's permission to dismiss an indictment. While judges may seek additional information or hold hearings before ruling, legal experts said there is little modern precedent for compelling prosecutors to continue pursuing a case the executive branch has decided to abandon.
"It would be very unusual if the courts were to do anything more than accept the department's reasoning and dismiss the case," Adam Goldberg, Corporate Investigations Partner at Pillsbury, told PTI Videos. "The Department of Justice has provided tremendous amounts of detail not just with respect to a host of reasons why it does not want to .

Gautam Adani, Adani

The US Justice Department told the New York court that criminal charges against Adani and others should be dismissed because the conduct occurred abroad and involved foreigners

Funding led by Version One Ventures will help the Bengaluru and Detroit-based startup expand in the US and scale AI foundation models for industrial robot arms

technology startup funding

The travel platform's new loyalty programme offers reward points on every stay across more than 13,000 properties in India and overseas, targeting rising demand for travel

MakeMyTrip

Fizzy Goblet targets ₹100 crore revenue in two years

Kareena Kapoor Khan joins Fizzy Goblet as an investor

Broadband technology company Sterlite Technologies Ltd has raised Rs 1,500 crore through a qualified institutional placement to primarily de-leverage debt and pursue the next phase of growth, the company said on Monday.
The company allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to Rs 1,500 crore. Following the allotment, STL's paid-up equity share capital increased to Rs 102.78 crore, comprising 51.39 crore equity shares, the company said in a statement.
The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others.
"STLhas raised Rs 1,500 crore through a Qualified Institutions Placement (QIP). The entire process saw participation by reputed domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others," the company said.
The proceeds from the QIP will be primarily utilised to substantially de-leverag

investment, funds, funding

The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others

Yotta has raised $150 million at a ₹37,000 crore valuation to expand its AI infrastructure, scale GPU capacity and support its pre-IPO growth plans

Yotta

TAFE is strengthening supply chains and localisation amid rising costs while preparing to launch its electric tractor in Europe later this year

(L) Mallika Srinivasan, Chairman & Managing Director, Tafe, (R) Lakshmi Venu Vice Chairman, Tafe

Jindal Stainless on Monday said Kunjal Mehta has been appointed the Chief Financial Officer (CFO) of the company.
His appointment is with effect from June 25, the stainless steel maker said in a statement.
"Kunjal brings deep expertise across corporate finance, treasury, fundraising, and business transformation, along with a strong track record of value creation in large and complex organisations. I am confident his leadership will further strengthen our financial resilience and support our upward trajectory in the manufacturing business," Jindal Stainless MD Abhyuday Jindal said.
At Jindal Stainless, he will lead the company's financial strategy and play a key role in its next phase of growth, expansion, and value creation.
Prior to joining Jindal Stainless, Mr Mehta served as Chief Financial Officer at Adani Energy Solutions Limited. Over the course of his career, he has held senior leadership positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone ...

Jindal Steel LOgo

His appointment is with effect from June 25, the stainless steel maker said in a statement

Media reports have said that during the recent Tata Sons board meetings, questions were raised on the large investment in its ecommerce foray

Tata, Leadership, India's business leaders

AMD India, with a workforce of about 10,000, accounts for around 26 per cent of the company's global workforce, she said

Jaya Jagadish, country head and senior vice-president    of silicon design engineering at AMD 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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