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 oil major to sell $20 billion worth of assets to help slash its net debt from $26 billion to between $14 billion and $18 billion by the end of 2027

Castrol India, Castrol oil, Oil, motor oil

Reuters

Brookfield Properties has signed a 20-year built-to-suit lease with JPMorgan Chase for a Powai campus, part of a $1 billion investment to develop the bank's Asia's largest GCC

Brookfield (Photo: Bloomberg)

The divestment of nearly 376,000 sq ft at Embassy Manyata is expected to boost distribution per unit and support Embassy REIT's capital recycling strategy

Embassy Office Parks REIT

The Bombay High Court on Wednesday stayed all present and future actions by three banks seeking to declare the accounts of Anil Ambani and his company Reliance Communications Ltd as 'fraud', noting that the provisions of the RBI's Master Directions were violated in the process.
The action was based on a forensic audit report prepared by an external auditor, BDO LLP, noted Justice Milind Jadhav.
But this report cannot be relied upon because it had not been signed by a duly qualified chartered accountant (CA) as required under the Reserve Bank of India's 2024 Master Directions on fraud, the judge said.
If interim relief was not given to Ambani and Reliance Communications, it would cause "grave and irreparable harm / loss", said the order.
"Principles of natural justice are based on the maxim 'justice should not only be done but should manifestly be seen to be done,' the HC said, adding that a forensic audit report prepared by an external auditor cannot be relied upon by the banks to 

ED links Anil Ambani firms to loan diversion; summons him August 5

Anil Ambani

The action was based on a forensic audit report prepared by an external auditor, BDO LLP, noted Justice Milind Jadhav

Deal likely values home-appliance maker at ₹15K cr; China parent stays largest shareholder

Haier Appliances India, Haier

The private refiner will delay planned works and the closure of its 400,000 barrels-a-day complex from February until April 2026, according to people familiar with the matter

oil refinery

Bloomberg

While Vietnam remains the company's main global manufacturing hub, Samsung's Southwest Asia President JB Park said India could see more investment if demand rises naturally

Samsung

Indian robotics startups are developing humanoid and quadruped robots using locally built software while relying on global supply chains for critical hardware, as deployments steadily rise

Robots, Humanoid, Dog

The founder of Aditya Infotech says the rollout of STQC norms has improved trust and compliance in India's surveillance market, and helped the firm scale up capacity and gain market share

Police in Georgia are using AI-powered cameras, drones and detectors to fight crime, but critics warn of privacy risks and lack of oversight.

security camera, surveillance, crime, video

After a prolonged funding slowdown, 2025 emerged as the year of liquidity for Indian startups, marked by a revival in public listings, improved deal quality and a decisive shift toward disciplined growth.
If 2023 was defined by a "funding winter" and 2024 by cautious optimism, 2025 will be remembered for a historic rise in exits, particularly through the public markets.
While overall funding volumes declined, the average median deal size nearly doubled to about USD 1.4 million in 2025, from roughly USD 700,000 in 2024, signalling greater investor selectivity and maturity.
India's technology startups raised USD 10.5 billion in 2025, down 17 per cent from USD 12.7 billion in 2024 and 4 per cent from USD 11 billion in 2023, according to Tracxn. The number of USD 100 million-plus funding rounds fell to 14, compared with 19 in 2024, though large deals included Erisha E Mobility (USD 1 billion), Zepto (USD 450 million) and GreenLine (USD 275 million).
Despite lower funding, liquidity eve

Startups, Indian startups

If 2023 was defined by a "funding winter" and 2024 by cautious optimism, 2025 will be remembered for a historic rise in exits, particularly through the public markets

Bengaluru-based aerospace and defence technology firm CoreEL Technologies has raised $30 million in Series B funding to scale manufacturing in large defence programmes in India and overseas

startup funding, startups

Culture of watching movies is stronger in South, says PVR Inox MD

Ajay Bijli, Managing Director, PVR Inox

In an exclusive interview, Mukundan Menon, the managing director of Voltas, talks about protecting its turf in a competitive market

Mukundan Menon, Managing Director, Voltas

MRF vice-chairman Arun Mammen on GST-led demand revival, natural rubber challenges, EV-driven tyre innovation and how currency swings are reshaping the tyre industry

Arun Mammen, Vice-Chairman and Managing Director, MRF

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

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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