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

Customers are looking at tightening their spending and saving the last dollar rather than spending more on new age technologies

L-R: Debashis Chatterjee, CEO & MD, LTIMindtree and Venu Lambu, CEO-designate, LTIMindtree

Electronics manufacturing services company Dixon Technologies will foray into the electronics component manufacturing space and use them for captive requirements before looking at exports, a senior company official said.
According to sources, Tata Electronics is likely to invest Rs 2,000 crore for electronics components manufacturing under the Rs 23,000 crore incentive scheme launched by the government.
Tata Electronics declined to comment on the query sent in this regard.
Talking about the electronics component manufacturing scheme (ECMS) Dixon CEO Atul Lal said electronics component is the next phase of growth for the company.
"We have already rolled out a project for display modules. We are evaluating various other component categories like camera modules, mechanical enclosures and also lithium ion batteries. So we are seriously evaluating and we will be deeply participating in ECMS," Lal said.
He said initially the components will be produced for captive usage and will be expa

JV with Vivo may help Dixon grab 1/5th of India's mobile phone assembly mkt

According to sources, Tata Electronics is likely to invest Rs 2,000 crore for electronics components manufacturing under the Rs 23,000 crore incentive scheme launched by the government

The Hindustan Aeronautics Limited (HAL) on Sunday said a minor fire broke out in the 'Process Shop' of its Aircraft Division here last night.
The fire was quickly contained by HAL's fire services personnel, the company said in a statement.
No injuries or major damages were reported, the company further said.
There will not be any impact on the production activities of the Division, HAL said, adding that further investigations are on.

HAL, Hindustan Aeronautics Limited

The fire was quickly contained by HAL's fire services personnel, the company said in a statement

Country's leading retailer Realiance Retail, which saw 2.4x growth in the number of orders from its quick commerce/hyper local delivery in the March quarter, is significantly scaling it with plans to open dark stores to expand the coverage area.
In the March quarter, Reliance Retail saw over 2.4 times growth in terms of the number of orders, which is a significant scale-up, said its CFO Dinesh Taluja during the earnings call earlier this week.
"And we are seeing very strong traction with a 2.4x quarter-over-quarter growth in daily exit orders. And this number will scale up substantially in the coming year as well. We are also starting to proactively market this proposition, our proposition of no hidden charges, quick delivery, and no delivery fees continues to resonate very well with the customers," said Taluja.
Reliance covers hyper-local deliveries, a sub-30-minute delivery, at 4,000 pin codes across the country through its network of existing stores, which has a much wider reach

FOOD DELIVERY, INDUSTRY WORKERS, WORKERS

In the March quarter, Reliance Retail saw over 2.4 times growth in terms of the number of orders, which is a significant scale-up, said its CFO Dinesh Taluja during the earnings call earlier this week

Pharma major evaluating opportunities to out-license key cancer asset ISB-2001, deal likely in H1CY25

Glenmark, Glenmark Pharmaceuticals

Zomato Founder and CEO Deepinder Goyal has rejected an anonymous Reddit post alleging that things were "going off the rails" with the company, rebranded as Eternal, losing market share to Zepto Cafe and Swiggy and forcing employees to order from its food delivery platform.
The post also claimed that the work culture has become "laughably inconsistent" with "toxicity" baked in, and the only thing keeping the company profitable now is platform fees, and the "crisis" compounded by "underpaid and overworked" delivery partners.
In a post on X on Saturday, Goyal said, "All of this - reddit.com/r/StartUpIndia' - is utter nonsense. Neither are we losing market share, nor will we ever force our employees to order on Zomato. Freedom of choice is something we stand for vehemently."
He further said "it is embarrassing to even clarify this -- but doing it since many people reached out to me with concern. And thanks everybody for your concern.. appreciate it".
The Reddit post had alleged that "i

Zomato's Deepinder Goyal

The post also claimed that the work culture has become "laughably inconsistent" with "toxicity" baked in, and the only thing keeping the company profitable now is platform fees

Artificial Intelligence (AI) will spur creation of new technologies, reshaping the nature of work, Ashok Krish, Global Head of AI at TCS, said, emphasising that it should be viewed as a catalyst for skills transformation, not seen through the lens of threat to jobs.
Krish told PTI in an interview true high-value implementations are happening in companies that see AI not as an IT project but as a board-level transformation priority.
AI, he said, is not just a technological shift, rather a cultural transformation that requires changing how people work alongside such implementations.
The last three decades have witnessed repeated waves of disruptive technologies -- from mainframes to the internet, to e-commerce, digital, and cloud, each shift sparking fears and, at times, "scaremongering" about future prospects.
Looking at the broader trend, he said, AI is just the next evolution, one that will ultimately lead to more technology being built, as it simplifies the entire process.
"So I

Going forward, AI will expand the amount of tech that exists, but the nature of work done will be different

The electric scooter maker cited nine-month performance as proof of strength amid rising EV competition

Ather Energy, Tarun Mehta, Swapnil Jain

According to Mehta, Eka plans to bring in a new product every six months across its commercial vehicle (CV) segments

Sudhir Mehta, founder and chairman, Eka Mobility

Nextiva launches its biggest facility outside US in Bengaluru

Tomas Gorny, Co-founder and CEO, Nextiva

Patent filings by startups and MSMEs have increased by 310 per cent in the last 5 years from 1,492 in 2018-19 to 6,120 in 2023-24, an official said on Thursday.
N Ramchander, Joint Controller, Controller General of Patents, Designs and Trademarks, further shared that in about three years over 2.4 million students and faculty across India have been educated about IP rights through the National Intellectual Property Awareness Mission launched in 2021.
Addressing an event organised by ASSOCHAM, he informed that the filing of patent applications in India has surged by 116 per cent rising from 42,763 in 2014-15 to 92,172 in 2023-24.
"Patent grants have been an even more remarkable increase of 1,624 per cent, jumping from 5,978 in 2014-15 to 103,057 in 2023-24. India has seen biggest change in resident and non-resident distribution over past 10 years with the share of resident filling increasing from 24.8 per cent in 2013 to 60 per cent in 2024," said N Ramchander.
India's IPR policy has

Startups, Indian startups

India's IPR policy has provided a comprehensive framework for IP creation, protection and commercialisation but continuous evaluation and updation are necessary

Padalkar spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26

Vibha Padalkar, BFSI

We're actually huge in India, it is the number one demographic for us, says Barrie

Matt Barrie, CEO, Freelancer

We also secured large deals - not necessarily AI deals, but deals powered by AI, says TCS CEO

K Krithivasan, TCS

We have a current rental income of ₹150 crore which is expected to cross ₹700 crore on annuity basis in the coming three to five years, says Vachani

Sahil Vachani, MD & CEO, Max Estates

An ideal product mix depends on what are the strengths of the company and how they cater the needs of the customers, says Jhingran

Amit Jhingran, MD & CEO, SBI Life Insurance

Coffee prices have been going up because both robusta in Vietnam is seeing a bit of issues and Arabica in Brazil is also seeing a bit of issues and therefore there has been a run up

Sunil D'Souza, MD & CEO, Tata Consumer Products

First, AI is real-we have more than 34,000 customers globally leveraging AI capabilities and embedded features, says Davies

Simon Davies, president, SAP Asia Pacific

A digital persona can do funny hours. If I could have an anchor in the studio when the newsroom has woken up to a big event like an earthquake, it can be fed in, says Purie

Kalli Purie, vice-chairperson, TV Today Network

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Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

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