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

The company stated that the funds raised through the IPO will be used to support ongoing expansion efforts to fully tap into the growth potential of the business

French fries

In response to Thursday's letter, Tesla said in a post on X that the performance incentive plan aligns Musk's compensation with shareholder value creation 'of trillions of dollars'

Elon musk, musk, Elon

Reuters

The telecom minister says BSNL's 92,500 4G towers, built using an indigenous tech stack, will be upgraded to 5G within six to eight months as the company posts Rs 5,000 crore operating profit

Jyotiraditya M Scindia, Jyotiraditya, Scindia

State-owned UCO Bank has reported a 16.6 per cent growth in credit to Rs 2.31 lakh crore for the second quarter of FY26.
Its total advances were Rs 1.98 lakh crore at the end of September 30, 2024, UCO Bank said in a regulatory filing.
The Kolkata-based lender reported a 10.8 per cent increase in total deposits to Rs 3.06 lakh crore against Rs 2.76 lakh crore at the end of the second quarter of the previous financial year.
The bank's total business rose by 13.2 per cent to Rs 5.37 lakh crore from Rs 4.74 lakh crore in the year-ago period.
Current Account and Savings Account (CASA) of the bank stood at 38.1 per cent of the total deposits compared to 38.24 per cent at the end of the second quarter of the previous fiscal.
Credit deposit ratio of the bank rose from 71.77 per cent to 75.56 per cent at the end of September 2025, it added.

Uco Bank, Uco, banking

Its total advances were Rs 1.98 trillion at the end of September 30, 2024, UCO Bank said in a regulatory filing

AWL Agri Business Ltd, which sells cooking oils and other food items, is expecting more than 10 per cent growth in its revenue this fiscal against Rs 63,672.24 crore in FY25 on better consumer demand, a top company official said.
AWL Agri Business Ltd, formerly Adani Wilmar Ltd, sells edible oils and food products under the Fortune brand.
Recently, the company acquired two big brands, Kohinoor and Tops.
In an interview with PTI, AWL Agri Business Ltd Managing Director and Chief Executive Officer Angshu Mallick said the revenue of the edible oil business and FMCG would grow in the current 2025-26 fiscal.
"We did around Rs 63,000 crore last fiscal. We will surely grow more than 10 per cent in value terms," he said, replying to a query on revenue outlook, factoring in good monsoon rains and rationalisation of GST rates.
In the past 3-4 years, Mallick mentioned that the company has been focusing on growing the food business, which has huge growth potential.
"Last 3-4 years, we have b

Rs, Rupee, Indian Currency

AWL Agri Business Ltd, formerly Adani Wilmar Ltd, sells edible oils and food products under the Fortune brand

Chipset major Qualcomm expects shift of the Indian market towards the premium device segment will drive adoption of the company's latest and premium smartphone processor Snapdragon 8 Elite Gen 5 in the country.
Qualcomm Technologies Group General Manager, Mobile, Compute, & XR (MCX), Alex Katouzian said that India has become a prime market for the company as it is gaining from the government's push for manufacturing, artificial intelligence and active involvement of home grown companies like Flipkart, Lenskart etc.
"I think the Indian market is turning more and more into a premium tier. So I think (Snapdragon) 8 Gen 5 will get accepted quite a bit. The reputation of Snapdragon in India is really good. Recently we got data that we are number one in branding as well," Katouzian said.
According to CyberMedia Research, Snapdragon commands 40 per cent market share in smartphones above Rs 25,000 segment.
Qualcomm at its annual flagship event Snapdragon Summit launched its latest chipset

Qualcomm

Qualcomm at its annual flagship event Snapdragon Summit launched its latest chipset Snapdragon 8 Elite Gen 5 Mobile Platform

Suraksha Group's Sudhir Valia says India's road contracts should move away from the lowest-bid model that fuels poor quality and repeated monsoon damage

Highway, Road

Fintech Kiwi introduces interest-backed EMI on UPI, offering cashback on interest across tenures, as it expands credit access and targets one million credit cards

Raptee.HV will start commercial production of its high-voltage T30 motorcycle by November with 8,000 advance orders, securing TDB funding to boost India's EV two-wheeler market

Raptee.HV

The latest to join this rebranding wave is Oravel Stays Limited, the parent company of OYO, which earlier this month unveiled a new corporate identity - PRISM

Startups

Company develops AI-powered platforms as recent conflicts expose vulnerabilities of traditional defence systems to drone swarms

Unmannd co-founders

Gagan Banga spoke to outline what the investment means for the company and how it plans to leverage this capital to expand its business

Gagan Banga, MD & CEO of Sammaan Capital

Parthasarthy currently heads Branch Banking, Infrastructure, Treasury, and Virtual Channels divisions at HDFC Bank

HDFC Bank

The performance comes as recent GST reforms reduced rates on appliances and electronics, enabling sellers on Amazon to pass through over ₹100 crore in savings to customers

Saurabh Srivastava, vice president at Amazon India

The Financial Services Institutions Bureau has recommended Ramakrishnan Chander for the post of LIC Managing Director, with the final decision to be taken by the Appointments Committee

Life Insurance Corporation, LIC

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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