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

Embassy Office Parks REIT is sharpening its focus on global capability centres, which it expects to account for up to three-fourths of its portfolio as multinationals expand operations in India

Amit Shetty, chief executive officer of Embassy Office Parks REIT

Tata Sons chairman N Chandrasekaran asked TCS employees to embed AI into daily work, reflect on recent underperformance and focus on execution as adoption of the technology accelerates

N Chandrasekaran

LIC Mutual Fund Asset Management on Monday inaugurated its women-centric branch in South Delhi, becoming the first asset management company in the country to set up a branch aimed at increasing women's participation in mutual fund investing.
The initiative aims to bridge the gender gap in investment participation by encouraging women to take greater ownership of their financial futures, said Ravi Kumar Jha, Managing Director & CEO of  LIC Mutual Fund.
The South Delhi branch is staffed and managed entirely by women. The region is considered a key growth market for the mutual fund industry, with an estimated assets under management (AUM) of about Rs 1.30 lakh crore and more than 2,000 active mutual fund distributors.
As of December 31, 2025, LIC Mutual Fund's AUM in South Delhi stood at around Rs 200 crore, including nearly Rs 175 crore in equity assets.
Jha said the branch is intended to provide a dedicated space where women can learn about investments and make informed decisions ..

LIC Mutual Fund AMC

As of December 31, 2025, LIC Mutual Fund's AUM in South Delhi stood at around ₹200 crore, including nearly ₹175 crore in equity assets

JK Lakshmi Cement expects its pre-tax earnings or EBITDA to improve in the fourth quarter and subsequent periods on the back of rising sales realisation and growing non-trade (B2B) volumes, its President & Director Arun Kumar Shukla  said on Monday.
Non-trade (Institutional) prices are firming up, demand remains strong, and costs are inching higher, which together will support better realisations compared to the December quarter.
"So, EBITDA (earnings before interest, tax, depreciation and amortisation) will be better because institutional prices have gone up, demand is better, and cost is also going up. So, I think it is going to be better than Q3 realisation-wise," he said.
Cement companies in their Q3 earnings have reported an impact on topline on account of softer cement prices due to GST reduction.
When asked about the fourth quarter, Shukla said, "I see it (Q4/FY'26) good because volume and demand are good. Since cost has gone up, prices are also inching up. So, Q4 is going .

JK Lakshmi Cement

Rising institutional cement prices, improving demand and higher premium product contribution are expected to offset cost pressures, management says

Eversource Capital-promoted GreenCell Mobility on Monday announced it will deploy 570 electric buses in Delhi over the next few months as part of the Delhi Government's e-bus project.
The 12-metre, air-conditioned electric city buses with higher battery capacities, specifically designed to meet Delhi's operating requirements and challenging road conditions, will operate from depots at Rajghat, Dilshad Garden, and Seemapuri, strengthening commuter connectivity and enhancing the quality of public transport services across key routes in the city, Greencell Mobility said.
Earlier late last month, the company had announced securing USD 89-million mezzanine funding from International Finance Corporation (IFC), British International Investment (BII) and Tata Capital to support its electric vehicle operations pan-India.
The deployment follows the completion of the USD 89 million investment round, reflecting strong institutional confidence in GreenCell Mobility's ability to deliver scalable 

electric bus

The company currently operates a fleet of over 1,200 electric buses across intra-city and inter-city routes, supported by more than 270 charging stations nationwide

Electric commercial vehicle manufacturer Euler Motors on Monday said it has tied up with Jio-bp to collaborate on expanding EV charging infrastructure across high-demand logistics hubs in India.
The strategic partnership aims to support the growth of electric commercial vehicles by improving charging accessibility for fleet operators and users nationwide.  As part of the collaboration, the partners will identify business hubs for commercial EV deployment.
"India's transition towards sustainable mobility requires strong collaboration between vehicle innovation and energy infrastructure. Our partnership with Euler Motors represents a shared commitment to accelerating the electrification of commercial logistics, a segment that will play a decisive role in reducing urban emissions and improving freight efficiency," Jio-bp Chairman Sarthak Behuria said in a statement.
Ashish Tandon, Global Head of Customer Excellence, Euler Motors, added that the MoU brings together two committed partner

Electric Vehicles

The strategic partnership aims to support the growth of electric commercial vehicles by improving charging accessibility for fleet operators and users nationwide

NASDAQ-listed travel booking platform MakeMyTrip on Monday announced a strategic partnership with Minor Hotels, a global hospitality group that operates more than 560 properties worldwide.
The collaboration expands international stay options for Indian travellers across city hotels and resort destinations in Europe, Asia, and the Middle East when booked through the platform.
It is part of MakeMyTrip's broader strategy to expand its direct international hotel inventory.
Minor Hotels portfolio, including Anantara Hotels & Resorts, Elewana Collection, The Wolseley Hotels, Tivoli Hotels & Resorts, Minor Reserve Collection, NH Collection Hotels & Resorts, nhow Hotels & Resorts, Avani Hotels & Resorts, Colbert Collection, NH Hotels & Resorts, Oaks Hotels, Resorts & Suites and iStay Hotels.
Currently, 60 Minor Hotels properties are live on the MakeMyTrip platform, with the listing expected to scale rapidly across Minor Hotels' wider global portfolio.
Rajesh Magow,

Hotels, Festive

Currently, 60 Minor Hotels properties are live on the MakeMyTrip platform, with the listing expected to scale rapidly across Minor Hotels' wider global portfolio

While overseas experience has proven invaluable in other economies, it appeared to play a diminished role in India's contemporary tech ecosystem

china, gold, metals market

Bloomberg

A study by AnnaLee Saxenian and Vivek Wadhwa reveals that domestic founders lead in commercial outcomes, while returnees play specialized roles

homegrown entrepreneurs, diaspora, technology

The newly launched platform operates on a zero-commission model and does not charge any fee from restaurants, but only a standard delivery fee based on distance from customers

Ownly (Photo: Company Website)

Sequoia-led funding round triples voice-AI startup's valuation as it expands beyond speech into full audio stack

Artificial Intelligence

Premier Energies plans to restart engagement with US clients after the India-US trade pact, betting on lower duties, rising exports and capacity expansion

Chiranjeev Singh Saluja, Managing Director, Premier Energies

Shailender Kumar, senior vice-president and regional managing director, Oracle India and NetSuite JAPAC talks about the recent Budget announcements and the India growth story

Shailender Kumar, senior vice-president and regional managing director, Oracle India and NetSuite JAPAC

KVB MD B Ramesh Babu talks about the future road map, product strategy, and business growth

Ramesh Babu, MD & CEO, Karur Vysya Bank

Swiss watchmaker Rado expects India sales to accelerate as import duties ease under the India-Switzerland trade pact, driven by premiumisation and outbound tourism

Adrain Bosshard, chief executive officer, Rado

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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