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

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

The discrepancies have led to concerns over governance at the bank and the appointment of Grant Thornton to conduct a forensic review into the accounting lapses

IndusInd Bank

Aircraft maker Airbus' annual sourcing of components and services from India will be ramped up significantly to touch USD 2 billion before 2030, its CEO Guillaume Faury has said as he emphasised that the country should play on its strengths rather than replicate what others have done in the past.
For Airbus, currently the sourcing of components and services annually is to the tune of USD 1.4 billion from India, which is also one of the world's fastest growing civil aviation markets.
Describing India as one of the most important markets for Airbus in terms of growth, Faury said the challenge for the aircraft maker is to support the speed of the growth of the aviation industry in India.
The Airbus order book has more than 1,300 aircraft to be delivered to Indian carriers and IndiGo alone has more than 900 planes on order, including wide body A350s.
Among them, there are firm orders for 50 A350s from Air India and 30 from IndiGo.
Currently, there are around 700 Airbus planes in opera

Airbus

The Airbus order book has more than 1,300 aircraft to be delivered to Indian carriers and IndiGo alone has more than 900 planes on order, including wide body A350s

Atmosphere Realty Pvt Ltd has cleared Rs 218-crore debt from Japan's Marubeni Corporation through early redemption of debentures issued by the company.
Atmosphere Realty is a joint venture of The Wadhwa Group (50 per cent stake), Man Infra Construction Ltd (30 per cent) and Chandak Realtors Pvt Ltd (20 per cent).
In a statement on Wednesday, Atmosphere Realty said it has successfully completed the early redemption of its secured Non-Convertible Debentures (NCDs), much ahead of the scheduled maturity date.
The debentures were originally set to mature on December 9, 2030, with a maximum tenor of 10 years. These NCDs were fully redeemed on March 24, 2025.
Atmosphere Realty had issued 2,179 debentures at a face value of Rs 10 lakh each aggregating to Rs 217.9 crore on December 9, 2020. These NCDs were acquired by Marubeni Corporation.
The early redemption was possible from healthy sales and internal accruals driven by the success of 'Atmosphere O2', a premium gated-community project .

Realty, Real Estate

The debentures were originally set to mature on December 9, 2030, with a maximum tenor of 10 years. These NCDs were fully redeemed on March 24, 2025

Founded in 2023, Nabhdrishti is focused on building sustainable, indigenous propulsion systems that can reduce India's reliance on imported aerospace technology

Nabhdrishti Aerospace

Earlier, in October 2024, the company had emerged as the highest bidder for these plots with a revenue potential of Rs 3,500 crore

Godrej, Godrej properties

REC Ltd plans to raise ₹1,55,000 cr in FY26 via domestic bonds, debentures, capital gains bonds, rupee term loans, and external commercial borrowings (ECBs)

REC Limited (Photo: PIB)

L&T secures largest order till date from QatarEnergy LNG to commission two offshore compression complexes

Larsen & Toubro

The network has historically played a critical role in underpinning each wave of technology innovation, including mainframe to PC, client-server to cloud, and now the AI wave

AI startup funding

Irame.ai, an AI-powered enterprise productivity and audit intelligence platform, has raised USD 1 million (about Rs 8.4 crore) in funding from SenseAI Ventures.
The funds will help the Gurugram-headquartered firm in enhancing operations in audit automation, anomaly detection, and enterprise compliance, a company statement said.
"With this funding, Irame.ai will scale its AI-driven audit intelligence across enterprises, expand its capabilities, and set new benchmarks for governance and compliance automation in a rapidly evolving regulatory landscape," it said.
The investment will aid the company to scale impact and make AI-driven audit intelligence the new standard for governance and risk management, Irame.ai Co-founder & CEO Kapil Arora said.

TurboML, AI, artificial intelligence

The funds will help the Gurugram-headquartered firm in enhancing operations in audit automation, anomaly detection, and enterprise compliance

The move is to increase the shareholding of domestic investors before the company goes for a listing this year

Zepto

Customers across 10 major cities can now get their hands on the latest iPhone 16e, along with popular Android smartphones

quick commerce, ecommerce, online delivery, quick delivery

India is an exciting market not just from a demographic point of view, but also because the government wants to make tourism a much bigger portion of the economy, says Mertz

Airbnb CFO, Ellie Mertz

Our portfolio is strategically diversified across three key verticals: residential, commercial real estate, and infrastructure,  said TRIL MD and CEO

Sanjay Dutt, TRIL MD and CEO

Dubey talks about the impact of the recent merger, the Indian market, and artificial intelligence (AI)-powered data centres

Abhijit Dubey, chief executive officer of NTT Data

Kaplan talks about free flow of data to age-appropriate content and more

Joel Kaplan, chief global affairs officer at Meta

Brazil's market-driven fuel pricing allows flexible fuel blending

Vikram Gulati - Country Head and Executive Vice President, Corporate Affairs and Governance, Toyota Kirloskar Motor

Nanda said this is Amazon India's highest-ever reduction in seller fees to support lakhs of small businesses across the country selling on its platform

Amit Nanda, Director, Selling Partner Services, Amazon India

In next 10-15 years, India needs around four large capable, mature NBFCs, says Bajaj Finserv's Chairman and Managing Director Sanjiv Bajaj

Sanjiv Bajaj, chairman and managing director of Bajaj Finserv | Photo: Kamlesh Pednekar

Jaggi elaborates on financing plans, the issues under investigation, and the way forward

Anmol Jaggi, Co-founder, BluSmart

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