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

IPO-bound Allchem Lifesciences adds legal dispute with Alkem to DRHP as Delhi HC directs both firms to mediation and next hearing is scheduled for 9 July

Delhi High Court

State-owned Oil and Natural Gas Corporation (ONGC) mounted efforts to contain an uncontrollable release of natural gas from a well in Assam, saying a crisis management team is laying out equipment to bring the well under control.
"Efforts are underway to control the continuous gush of gas from the RDS#147A near Bhotiapar in the Rudrasagar field, located in the Sivasagar District," the company said in a statement.
On June 13, around 11:45 AM, during servicing operations at Well No. RDS-147, gushes of gas were observed from the well.
There was, however, no fire or injuries.
Upon detection, ONGC immediately activated standard safety protocols. The site was promptly secured, and an emergency response team led by the Asset Manager reached the location without delay.
ONGC had previously said it was confident that the situation would be brought back to normal "very soon".
A detailed investigation has been initiated to ascertain the root cause of the incident.
"Crisis Management Team of

ONGC, ONGC logo

"Efforts are underway to control the continuous gush of gas from the RDS#147A near Bhotiapar in the Rudrasagar field, located in the Sivasagar District," the company said in a statement

On account of the Revocation Act, the incentives of ₹427.14 crore and ₹300.44 crore to be received by the company and NU Vista Limited, respectively, are likely to be impacted, Nuvoco mentioned

Calcutta High Court (Source/Wikimedia commons)

Calcutta High Court

Moody's Ratings on Friday upgraded Yes Bank's long-term foreign currency and local currency bank deposit ratings by a notch to Ba2, from Ba3, driven by a gradual improvement in the bank's credit profile.
The global rating agency has upgraded its Baseline Credit Assessment (BCA) to ba3 from b1, Moody's said in a statement.
The upgrade of Yes Bank's ratings and BCA is driven by a gradual improvement in the bank's credit profile including its capital and loan loss reserves, which will provide sufficient buffers against the bank's unseasoned asset risks and improving yet modest profitability and funding, it said.
"Yes Bank's Ba2 deposit ratings are one notch above its Ba3 BCA based on our expectation of a moderate likelihood of support from the Government of India (Baa3 stable) in times of need," it said.
The bank's gross non-performing loan (NPL) ratio declined to 1.6 per cent, as of March 2025, from 13.9 per cent in March 2022.
Reported provision coverage as a proportion of NPL ...

Yes Bank

The global rating agency has upgraded its Baseline Credit Assessment (BCA) to ba3 from b1, Moody's said in a statement

Shantanu Mitra to retire as MD & CEO of SMFG India Credit by June-end citing personal reasons as the NBFC's board initiates search for a successor amid leadership shift

Sumitomo Mitsui Financial Group India Credit | Photo: SMFG website

Former Civil Aviation Minister Praful Patel on Friday said the Tata Group needs to fine-tune key aspects of Air India's operations, including maintenance, in the wake of the crash of its Dreamliner aircraft in Ahmedabad.
"After three-and-a-half years of the takeover of Air India by the Tatas, the management needs to fine-tune various aspects of running a world-class airline, including maintenance," Patel told reporters here.  Air India's Boeing 787 Dreamliner (AI171) carrying 242 passengers including 12  crew members crashed in the Meghaninagar area shortly after the take-off from the Ahmedabad airport on Thursday afternoon, killing 241 persons on board and others who were on the ground.  The accident is being probed by the Aircraft Accident Investigation Bureau (AAIB) which comes under the civil aviation ministry.  Terming the accident as a temporary setback, Patel said India's aviation sector remains largely well-managed.  A Rajya Sabha MP, Patel headed the civil aviation ministry .

Praful Patel

Air India's Boeing 787 Dreamliner (AI171) carrying 242 passengers including 12 crew members crashed in the Meghaninagar area shortly after the take-off from the Ahmedabad airport on Thursday

Dilip Shanghvi to remain executive chairman while Ganorkar takes charge as MD from September 1 and Aalok Shanghvi is given additional charge of North America business

Sun Pharma

Other emerging tools also include virtual reality, which is being explored for exposure therapy and immersive stress reduction

tension

Voice assistant expands features with Perplexity tie-up as Fireflies crosses $1 bn valuation and sees sharp growth in enterprise AI-powered meeting productivity tools

Krish Ramineni

A Tracxn report commissioned by RTP Global finds operator-led startups outperform others in funding speed, size and Seed-stage success across 2022-24 in India

Startups, Indian startups

Gen Z job seekers and metro city users are driving the rapid adoption of Apna's AI Job Prep tool, which simulates interviews and offers real-time feedback

artificial intelligence, software engineer, Technology, GPT

Acquisitions are a high risk strategy; there are advantages in utilizing one's own strengths

Abhijit Roy, MD & CEO, Berger Paints

In Q4 FY25, we recovered around Rs 1,666 crore, taking the total recovery for the full year to Rs 4,400 crore, Ashwani Kumar said

Ashwani Kumar, MD & CEO, Uco Bank

Boman Irani said that the company will launch a senior living project, get into data centers and will divest 3.35 per cent to meet Sebi norms to partially fund capex

Boman Irani, Chairman and Managing Director, Rustomjee Group

Airbus aims to boost A320 family aircraft production rate to 75 per month by 2027 as supply chain stabilises, says Chief Commercial Officer Benoît de Saint-Exupery

Image

Morgenshtern noted that India is not only the company's top market for growing it's tech workforce but also one of the only three countries where it advertises

Omri Morgenshtern, global chief executive officer at Agoda

Jana Small Finance Bank's Managing Director and Chief Executive Officer discusses the bank's future plans and growth strategy

Ajay Kanwal, MD& CEO, Jana SFB, at the Business Standard BFS! Insight Summit 2024 in Mumbai.

We're currently in over 35 cities with taxis and aim to be present in every district headquarters, says Rapido

Rapido cofounders Pavan Guntupalli (right) and Aravind Sanka

Human memory is very short. The demand for health insurance is still fine, we still have a double digit growth, Tapan Singhel said

Tapan Singhel, managing director (MD) and chief executive officer (CEO), Bajaj Allianz General Insurance

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