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

PhonePe has announced the launch of the PhonePe 'RuPay On-The-Go' Card, a National Common Mobility Card (NCMC).
This launch is a step towards India's 'One Nation One Card' vision, aimed at digitizing transit payments across India.
The PhonePe 'On-The-Go' Card is designed to simplify the user's daily commute by functioning as an all-in-one transit card. It allows for quick, tap-and-pay transactions on all NCMC-enabled services, including metros, buses, trains, tolls, and parking across India in a fully interoperable manner.
A key feature is that the cards are issued instantly, enhancing convenience for millions of commuters. The card utilizes a prepaid, stored-value model where balance is stored directly on the card's chip. This model enables true offline contactless payments, allowing commuters to tap-and-pay even in areas with no internet connectivity.
Users can load this card with a balance of up to Rs 2,000, with a maximum offline transaction limit of Rs 500.
Speaking on the ..

PhonePe

This launch is a step towards India's 'One Nation One Card' vision, aimed at digitizing transit payments across India

TVS Supply Chain Solutions sets up a 40,000 sq ft warehouse near Chennai to support Caterpillar's global supply chain, enabling multi-country sourcing and faster logistics operations

Left to right — K Sukumar, CEO – TVS SCS India & MEA; Ravi Viswanathan, Managing Director – TVS SCS; Ryan Gustafson, Vice-President & General Manager – Caterpillar Inc.; Ramesh Muthuraman, Director, Operations – Caterpillar India Pvt. Ltd.

Reliance Industries says it will maximise LPG output at its Jamnagar refinery complex and divert KG-D6 basin gas to priority sectors to support stable domestic fuel supplies

Reliance Industries, RIL

Vingroup's VinFast offers extra discounts on electric cars and scooters for customers switching from gasoline vehicles, while cutting fares on its Xanh SM mobility platform

In line with VinFast’s pioneering spirit, GSM Green and Smart Mobility Joint Stock Company has also announced an immediate 10 per cent reduction in fares for electric mobility services on the Xanh SM platform in Vietnam and Green SM in Indonesia from

In line with VinFast's pioneering spirit, GSM Green and Smart Mobility Joint Stock Company has also announced an immediate 10 per cent reduction in fares for electric mobility services on the Xanh SM platform in Vietnam and Green SM in Indonesia from

Reliance Industries is taking proactive steps and in line with the government guidelines, the company said in a statement

RIL, Reliance, Reliance Industries

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

JSW Steel, JSW

VE Commercial Vehicles appoints B Srinivas as managing director and CEO from April 1, while Vinod Aggarwal transitions to chairman after leading the company for nearly two decades

VE Commercial Vehicles

AI-driven bovine genetics startup Verdant Impact raises $3 million in a seed round led by Unicorn India Ventures to expand markets, scale its Pashu.AI platform and strengthen tech capabilities

Artificial Intelligence, AI Technology, IT Sector

Funding will help the seafood distributor expand global distribution while promoting traceable sourcing and reducing waste across the supply chain

Blue Earth Capital

Use proceeds for global expansion of its AI-enabled digital performance testing platform

startup funding investment

The collaboration is aimed at solving such issues faced by direct-to-consumer (D2C) companies

PayU India, PayU

Hinduja Group is expanding AI across automotive, insurance, energy and healthcare businesses, with early deployments already improving efficiency and generating new digital revenue streams

Amit Saharia, Hinduja Group president — strategy

Varun Beverages says expanded capacity, a diversified portfolio and its Africa strategy support confidence in a strong recovery, despite last year's weather-led demand disruption

Ravi Jaipuria, Non-Executive Chairman, Devyani International

Cars24's India used-cars chief Himanshu Ratnoo has resigned as the SoftBank-backed firm restructures leadership while pushing for profitability targets and preparing for a potential IPO

Cars

Jay Chaudhry warns that hijacked Artificial Intelligence agents could become the next major cybersecurity risk for enterprises

Jay Chaudhry, Zscaler founder, billionaire

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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