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

Conferences and exhibitions spaces firm DK Vertex has lined up a Rs 300 crore investment plan for expansion in India in the coming years, as it sees "significant potential" in the convention and events venues beyond metropolitan cities, Vertex Group Founder and President Gagan Arora said on Tuesday.
DK Vertex, an arm of the US-headquartered Vertex Group, recently inaugurated the DK Vertex Convention Centre at Udyog Vihar, Gurgaon, in association with MSME Business Forum India,  expanding its portfolio of business-ready spaces with a venue designed for conferences, exhibitions and corporate engagements.
"With a Rs 300 crore investment plan to expand to more than 30 centres across 10 cities with 50,000 seats, we see this convention centre as part of a much larger journey to build an integrated ecosystem of spaces that respond to how modern businesses operate," the Vertex Group Founder & President told PTI.
He shared that the company sees significant potential to take the convention .

The World - Hospitality and Convention Centre to Shine from the next month

DK Vertex, an arm of the US-headquartered Vertex Group, recently inaugurated the DK Vertex Convention Centre at Udyog Vihar, Gurgaon, in association with MSME Business Forum India

Broadband technology company Sterlite Technologies has said it aims to grow the company's revenue manifold to Rs 20,000 crore by FY29.
Sterlite Technologies Ltd (STL) posted consolidated revenue from operations of Rs 4,745 crore in the financial year 2025-26, according to a regulatory filing.
"Today, we are very proud to announce Lakshya, STL's growth ambition for FY29. Under Lakshya, we're targeting Rs 20,000 crore revenue by FY29, while building STL into one of the largest global players for digital connectivity," STL Managing Director Ankit Agarwal said in an investor meet held on September 3.
According to the transcript of the meeting shared by the company, Agarwal said that the ambition of project Lakshya is to transform the scale and position of STL, build on the strength of the company's core, stronger economics, deeper customer relationships, and a larger role in the world's rapidly expanding digital infrastructure.
He said that there are now more places where optical ...

Sterlite technologies

Sterlite Technologies Ltd (STL) posted consolidated revenue from operations of ₹4,745 crore in the financial year 2025-26, according to a regulatory filing

Mahindra & Mahindra is targeting more than 50 per cent market share in the small pickup segment in the current fiscal year, with the expanded Veero range expected to help the automaker gain further momentum, a senior company executive said on Tuesday.
The company, which currently commands a 46 per cent share in the small pickup segment year-to-date through July, expects the addition of the 1.1-tonne CNG Veero to help it cross the 50 per cent mark in FY27.
Its market share in the segment stood at 49.1 per cent in FY26, Velusamy R, President, Automotive Business, Mahindra & Mahindra, told PTI in an interview.
"In the small pickup segment in FY26, we were at 49.1 per cent, while in FY27 we are at 46 per cent. In the short term, Veero is expected to help Mahindra gain momentum and cross 50 per cent market share in FY27 once we launch this 1.1-tonne CNG," Veluswamy shared.
Mahindra on Tuesday expanded the Veero range with the launch of the 1.1-tonne XXL CNG variant and upgraded its

Mahindra Group

The company, which currently commands a 46 per cent share in the small pickup segment year-to-date through July, expects the addition of the 1.1-tonne CNG Veero to help it cross the 50% mark in FY27

TCS wins a ₹122.6-crore bid to implement OSWAS 3.0, the next phase of Odisha's digital governance platform, extending its partnership with the state government

Suzlon on Tuesday said it has secured a 200 MW wind energy order from Ayana Renewable Power Ltd, marking the company's third devco-led wind order across two states -- Madhya Pradesh and Andhra Pradesh.
A devco-led order is an integrated development model, where a renewable energy supplier provides end-to-end project execution from early-stage site development to complete construction.
As part of the project, Suzlon will install 64 of its flagship S144 wind turbines, each with a rated capacity of 3.15 MW, a company statement said.
With this order, Suzlon's flagship 3.x MW platform, S144, has also crossed the 10 GW milestone, it added.
"With 55 GW+ wind potential at 150 metres, Madhya Pradesh is well positioned to be one of the key states which will drive the next phase of India's wind energy growth. We have won two consecutive wind orders from the state reflecting this growing momentum and the opportunity ahead," Girish Tanti, Vice Chairman and Co-Founder, Suzlon Group, said.
The .

Suzlon Energy

A  devco-led order is an integrated development model, where a renewable energy supplier provides end-to-end project execution from early-stage site development to complete construction

Samsung India's job cuts span multiple levels, with director-level officials, team leads, branch managers and area managers among those affected

Samsung, Samsung Electronics

The oil-to-telecom conglomerate plans to raise ₹12,500 ‌crore through a sale ​of five-year notes, at ​an annual coupon of 7.47%, and is set to invite bids ​from investors in the week ending Sept 18

reliance

Reuters

The US patent covers GalaxEye's core invention for architecture and system used to align and synchronise optical and microwave sensors for simultaneous, spatially, temporally matched data acquisition

GalaxEye

Agnikul Cosmos expands reusable rocket capabilities with new Chennai testing and manufacturing facilities

Agnikul Cosmos

Elevation Capital and Nexus Venture Partners also participated, while Urban Company's Abhiraj Singh Bhal, Snap's Ajit Mohan and entrepreneur Anand Ahuja joined as angel investors

(From left) Dishant Daryani and Utkarsh Gupta, founders, Comet

Open AI models and sovereign APIs enable ecosystem partners to build multilingual solutions, while TutorBot and Teacher Assistant Bot bring AI support to students and teachers

language, banks

BofA sees India as key cross-border payments hub as it pilots Zelle-UPI link

Daniel Stanton, Global Head of Transactional FX, Cross Border Real-Time Payments and Clearing, Global Payments Solutions at Bank of America (BofA)

Novartis doubles down on innovation in India, eyeing R&D, clinical trials and a stronger regulatory ecosystem while moving away from traditional generics

(From left) Judith Love, President, Asia Pacific, Middle East and Africa, Novartis; and Amitabh Dube, Country president and managing director, Novartis India

On what will make India an attractive investment destination, Love said: ''I think the number one for us to make India attractive is to create an innovative ecosystem.''

Judith Love, president, Asia-Pacific, Middle-East and Africa, Novartis

The CBI has registered an FIR against media baron Subhash Chandra for allegedly inflating his net worth to avail loans from Life Insurance Corporation Housing Finance Ltd (LICHFL), which became default, causing over Rs 1,322 crore loss to the public sector lender, officials said Saturday.
The LICHFL has alleged in its complaint, which is now part of the FIR, that Chandra submitted net worth certificates that were used to secure approval and disbursal of two loans totalling Rs 980 crore.
There as no immediate reaction from the accused named in the FIR.
The complaint concerns a Rs 500 crore facility extended to Vasant Sagar Properties Pvt Ltd, with Pan India Infra Projects Pvt Ltd as co-borrower, and a Rs 480 crore facility extended to Digital Subscriber Management and Consultancy Services Pvt Ltd, with Spirit Infra Power and Multi Ventures Pvt Ltd as co-borrower, the FIR alleged.
According to the complaint, the Rs 500-crore Vasant Sagar facility was sanctioned as a home entity loan 

Subhash Chandra CBI case, LICHFL fraud case, LIC Housing Finance loan, inflated net worth, net worth certificate, CBI FIR, loan default

CBI FIR alleges Subhash Chandra inflated net worth for LICHFL loans

According to the FIR, subsequent proceedings under the Insolvency and Bankruptcy Code, 2016, Chandra denied having the net worth stated in the certificates submitted to LICHFL

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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