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 Biotech has signed a technology transfer agreement with Spain's Biofabri to enable end-to-end manufacturing of MTBVAC, with a Phase 3 study in India expected to start recruitment in Q1 2026

Bharat Biotech, Covaxin

MUFG Bank said it will not raise its stake above the proposed 20 per cent in Shriram Finance and has no plans to invest in other Shriram Group entities, even as SFL approved a $4.4 billion deal

Shriram Finance

1Point1 Solutions, a provider of AI-led business process management (BPM) solutions on Monday announced it is acquiring Costa Ricaheadquartered Netcom Business Contact Center for USD 33.37 million transaction value.
The acquisition is targeted for completion by March 31, 2026.
The total transaction value for the acquisition of 100 per cent ownership is USD 33.37 million, comprising an upfront payment of USD 25.41 million and an estimated earn-out of USD 8.25 million, subject to post-closing adjustments linked to EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) performance and excess working capital, according to a release.
Additional transaction-related costs are estimated at about USD 1 million.
"The acquisition is expected to nearly double 1Point1's FY' 27 topline marking a significant step in advancing the company's inorganic growth strategy," it said.
It aims to accelerate company's evolution into high-growth global organisation, while deepening domain

Mergers and acquisitions, M&A, deals

The total transaction value for the acquisition of 100 per cent ownership is $33.37 million, comprising an upfront payment of $25.41 million and an estimated earn-ouat of $8.25 million

Founded in 2006, Sensa Core operates in the design, development, manufacturing and distribution of specialised in-vitro diagnostic (IVD) devices

Medical

As GLP-1 competition heats up, Emcure is pricing semaglutide brand Poviztra at ₹8,790 a month and targeting demand beyond metros with deeper distribution in smaller cities

Mr Satish Mehta, Emcure Pharmaceuticals

Shriram Finance shares rose to a record high after brokerages said MUFG Bank's proposed investment would sharply lift net worth, capital adequacy and support faster growth

Cipla has launched Afrezza, an inhaled rapid-acting insulin for adults with diabetes, after CDSCO approval, and plans an awareness drive on insulin adherence

diabetes

From ₹10 printouts to ₹4.3 lakh smartphone splurges, Instamart's 2025 order data shows how quick commerce has become a routine part of everyday life across India

India quick commerce, qcom market India, Statista projections, Blinkit Zepto Instamart, quick commerce growth, qcom funding India, dark stores India, online grocery India, rapid delivery market, global qcom rankings

Digital infrastructure security firm Axiado has raised over $100 million in an oversubscribed Series C+ round to expand globally, deepen India-based R&D

Gopi Sirineni, founder, president and CEO of Axiado

PowerUp Money, a mutual fund advisory wealthtech platform, on Monday said it has raised USD 12 million (about Rs 107.4 crore) in a Series A funding round led by Peak XV, with participation from existing investors Accel, Blume Ventures, and Kae Capital.
The funding comes just six months after the company raised USD 7.2 million in seed funding.
With the latest funding, PowerUp Money intends to enhance its research and advisory offerings, expand its flagship offering PowerUp Elite, introduce PowerUp Infinite (a fully managed investment advisory product offering), and allocate resources toward financial literacy and investor education, according to a company statement.
Over the next three years, the company targets onboarding 10 million users to further cement its position in shaping the future of retail wealth management in India.
"This fundraise enables us to strengthen our advisory and research capabilities, scale PowerUp Elite, and launch PowerUp Infinite, as we work towards buildi

startup funding, startups

Over the next three years, the company targets onboarding 10 million users to further cement its position in shaping the future of retail wealth management in India

Oben Electric raises ₹85 crore in a pre-Series B round to scale showrooms, boost brand reach and accelerate product launches as it targets break-even by FY27

(L-R) Sagar Thakkar, Co-founder & CPO at Oben Electric; Madhumita Agrawal, Founder & CEO at Oben EV and Dinkar Agrawal, Founder, CTO & COO at Oben Electric

With ₹14,300 crore in revenue and 455 million users, YouTube has become one of India's biggest media platforms, spanning TV, creators, commerce, and AI-led growth

YouTube, MD

Navi Mumbai International Airport will begin commercial operations on December 25, with Adani Airports outlining traffic targets, capex plans and long-term expansion

Jeet Adani

Susheel Kaul will continue in his role as managing director and will take up the key strategic projects

Punit, Arvind

Amitabh Chaudhry discusses RBI's new norms, potential capital infusion into Axis Finance, margin pressures, deposit trends, credit growth and regulatory changes shaping Indian banking

Amitabh Chaudhry, MD & CEO of Axis 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

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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