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

Bharat Forge bags ₹300 crore EP-VI defence contracts to supply indigenous ISR drones and loitering munitions to the Army and Navy, boosting Atmanirbhar Bharat push.

Bharat Forge

With this investment, IBF plans to expand its network to over 25,000 farmers over the next three years

360 ONE Asset

IT major Wipro on Friday revised its fresher hiring guidance for the current fiscal year (FY26), stating it now expects to onboard 7,500-8,000 graduates, down from its original target of 10,000-12,000.
The adjustment comes after muted third-quarter earnings, during which the Bengaluru-based firm added only about 400 freshers to its rolls.
"This quarter recruitment from campuses was muted; we had only about 400 odd freshers join (by the end of this fiscal)... We had said 10,000. I think we'll end up between 7,500-8,000," Wipro CHRO Saurabh Govil said during the company's Q3 earnings press conference.
Despite the quarterly slowdown, the company's year-to-date fresher intake remains above 5,000.
Wipro leadership emphasised that while volume hiring has moderated, the company is intensifying its focus on "AI-ready" talent.
"From a recruitment standpoint, especially on campuses, what we have done is we have created these Centres of Excellence  50 of them across different universities, w

Wipro

The adjustment comes after muted third-quarter earnings, during which the Bengaluru-based firm added only about 400 freshers to its rolls

HDFC ERGO CEO Anuj Tyagi resigns to pursue entrepreneurial plans, with the board starting a structured succession process to ensure leadership continuity

Anuj Tyagi, MD & CEO, HDFC ERGO  General Insurance

Coca-Cola is evaluating acquisition opportunities in India as it expects the country to become its third-largest market by volume in the coming years

John Murphy, president and chief financial officer at The Coca‑Cola Company

Revenue from operations stood at Rs 86,951 crore, up 9.2%

Reliance Consumer Products, Reliance Retail

JSW Infrastructure's Q3 FY26 profit rose 8.9% on higher port volumes and revenue growth, though earnings missed analyst estimates

A decade into Startup India, most Indian unicorns are clustered in consumer and finance, highlighting limited depth in enterprise tech and frontier technologies like AI

unicorn

Gujarat, Arunachal Pradesh and Goa ranked as the 'best performers' in developing a startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade released on Friday.
Gujarat has been ranked as the best performer for the fifth time in a row.
Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, and Himachal Pradesh are categorised as the top performers.
The ranking is a yearly exercise under the Department for Promotion of Industry and Internal Trade (DPIIT) that evaluates all states and Union territories on their efforts to build an ecosystem conducive to startup growth.
A total of 34 states and Union territories (UTs) participated in the exercise. They are ranked under five categories -- best performers, top performers, leaders, aspiring leaders and emerging startup ecosystems.
The states and Union Territories were broadly divided into two sections based on their population size -- those

Startups, Indian startups

The exercise is aimed at supporting states and Union territories (UTs) in developing their startup ecosystem and learning from each other's best practices

Gaurav Munjal plans to franchise or sell physical centres while folding Airlearn into the company's core online platform

Gaurav Munjal, the chief executive officer of edtech firm Unacademy

Quick home-services platform brings on Pync's founding team as it expands into new categories and cities

Pync Founding Team, Harsh Prateek, Dev Priyam and Mayank S

He will succeed Svetlana Boldina, whose term as Nestle India's CFO is set to end on January 31

Nestle India, Nestle

Reuters

Vikram Sahu says the country is central to the bank's global growth, citing strong GDP prospects, rising client demand and robust IPO and M&A momentum

Vikram Sahu, India CEO and Country Executive, Bank of America

LTTS CEO Amit Chaddha says the mobility business is set for a turnaround from Q4 as the firm pivots to engineering intelligence and reshapes its portfolio under a new five-year strategy

Amit Chaddha, chief executive officer (CEO) and managing director (MD), L&T Technology Services (LTTS)

TCS CEO K Krithivasan talks about his vision of AI-first TCS and shift in its strategy towards acquisition

K Krithivasan, chief executive officer (CEO) and managing director (MD) of Tata Consultancy Services (TCS)

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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