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

Billionaire Gautam Adani said on Monday that energy security and digital infrastructure would define geopolitical power in the coming decades, as he called on India to build sovereign capabilities across the artificial intelligence value chain.
Addressing the Confederation of Indian Industry's (CII) Annual Business Summit 2026, the chairman of the Adani Group said the assumptions underpinning decades of globalisation were being dismantled amid rising geopolitical fragmentation.
"The world that is emerging is not flat. It is fractured and contested," Adani said. "Semiconductors have become instruments of statecraft. Data is being treated as a national resource. Clouds are being weaponised. And Artificial Intelligence is being built behind the protective walls of data centres."
Referring to recent geopolitical conflicts and attacks on infrastructure, Adani said "energy security and digital security are now the twin pillars of national power."
"The country that controls its energy wil

Gautam Adani, Adani

Adani said India should treat AI not merely as software, but as strategic infrastructure spanning energy, data centres, chips, networks, compute and talent

Reports state that Venu Srinivasan and Vijay Singh will cease to be trustees at TEDT after May 10, as Mehli Mistry and J N Mistry also voted against their reappointments

Noel Tata

Complaint alleges Pernod gave $24 million in corporate guarantees to help city retailers secure loans in 2021, in return for ensuring 35% of shop stock comprised Pernod brands

Pernod Ricard

Reuters

Focus on overhauling and diversifying operations: CMD

B Sairam, Chairman-cum-Managing Director, Coal India

Walmart-owned Flipkart is using AI-powered dashboards and regional-language support to help Tier 2 and 3 sellers expand nationally ahead of a planned IPO

Sakait Chaudhary

The five-year mandate covers 6,000 ATMs and includes currency logistics, ATM modernisation and deployment of CMS's AI-powered HAWKAI platform

State-run NTPC plans to set up two 700 MW PHWR units and may invest around Rs 28,000 crore in the project targeted for commissioning by 2032

nuclear power

The development comes at a time when Adda247, which has raised around $67 million to date, is preparing for a public listing over the next 12 to 18 months

Adda247

Health-tech platform expands investment in AI-driven healthcare systems that support patient and provider decision-making while growing its engineering team

Shashank ND, co-founder and CEO, Practo

The revised Press Note 3 framework may speed up startup deals by allowing limited China-linked exposure through the automatic FDI route, while keeping direct Chinese investment under approval

startups

SoftBank-backed auto-tech firm posts ₹20 crore adjusted EBITDA profit in Q4 as lending, retail sales and ownership services expand

cars 24

FIS says GCCs must evolve beyond support roles by building future-ready talent, expanding global leadership and scaling trusted AI adoption

Ramkumar Narayanan, executive vice-president for artificial intelligence (AI) technology enablement and head of India and the Philippines at FIS

South Indian Bank MD & CEO PR Seshadri says low Stage-2 assets will help contain additional provisioning under ECL norms while the bank targets stronger margins and steady credit growth

PR Seshadri,  (MD & CEO), South Indian Bank

MD & CEO Amitava Chatterjee says the bank aims to become a national player with a stronger retail footprint outside Jammu & Kashmir

Amitava Chatterjee, Managing Director and Chief Executive Officer (MD&CEO), Jammu and Kashmir Bank

CIL Chairman B Sairam outlines the miner's plans to reduce coal stockpiles, modernise operations, pursue gasification and thermal power projects, and accelerate reforms across the organisation

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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