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

Kalpataru Projects International Ltd (KPIL) on Wednesday said the company, along with its international subsidiaries, has secured new orders worth about Rs 2,003 crore.
These include new orders in the Buildings and Factories (B&F) business in India, as well as in the Power Transmission & Distribution (T&D) in India and overseas market, a company statement said.
Manish Mohnot, MD & CEO, KPIL, said, "The orders in the B&F business have strengthened our portfolio in the residential and hospital projects and further improved our leadership in the B&F market in India . Additionally, the new orders in the T&D business reflects our expanding footprint in the India and overseas T&D market. With these order wins, our YTD (year to date) order intake stands around Rs 17,000 crore, providing good visibility for growth in the coming quarters."
KPIL is one of the largest specialised EPC companies engaged in Power Transmission & Distribution, Buildings & ...

power outage

KPIL is one of the largest specialised EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines  Urban Mobility

The bank reported its largest-ever quarterly loss in the three months ended March 31, following a $230 million hit to its accounts, amid governance and accounting failures

IndusInd Bank

Reuters

Amazon says it will invest over $35 billion in India through 2030, focusing on AI-driven digitisation, ecommerce exports and job creation, soon after Microsoft's $17.5 billion cloud and AI push

amazon

The northern parts of India, including Air India's primary hub, Delhi, experience low visibility due to dense fog, with the potential to have a cascading impact on flight schedules

Air India

The asset management company is looking to expand into smaller towns and cities where a growing number of investors are looking to funnel their savings into Indian stocks, Chief Executive Officer said

Edelweiss Asset Management, Radhika Gupta

Bloomberg

BlackRock's Global Infrastructure Partners will also have a 'greenshoe option' to invest a further ₹1,000 crore in the Indian company, taking the total investment to ₹3,000 crore

Blackrock

The new investment will be used to scale Microsoft's cloud and AI infrastructure, skilling initiatives and ongoing operations across India, Microsoft said

Microsoft CEO Satya Nadella, who is on a four-day visit to India, met Prime Minister Narendra Modi on Tuesday 	photo: pti

Since its launch, the fund has already invested in 10-12 startups, with several being led by first-generation founders in Tier-II and Tier-III cities, according to the firm

startup funding investment

The Bengaluru-based company is targeting US-based small and medium businesses (SMBs) as part of its expansion plan

skydo

The Series F investment comes about 18 months after the Pune-based company raised $90 million in a Series E funding round led by TR Capital, Trifecta Capital, and Amara Partners

large-cap funds, equity fund

Global investors including SoftBank, Temasek. and West Asian sovereign funds have poured billions into the sector, making it the world's most closely watched experiment in rapid deliveries

Blinkit

Jindal Stainless MD says anti-dumping plea filed against China-Vietnam-Indonesia as imports rise

Abhyuday Jindal, MD, Jindal Stainless

Zomato in 2024 had raised ₹8,500 cr via QIP

Albinder Dhindsa, the chief executive officer (CEO) of Blinkit

Stafford on building AI-powered compliance tools in Bengaluru and the future of governance technology

Brian Stafford, chief executive officer (CEO), Diligent

'Can reinvest operating cash back into biz to scale up GLP-1s'

Kiran Mazumdar-Shaw

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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