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

Tata Teleservices faces dues of Rs 19,256 crore amid heavy losses and negative net worth; Tata Sons may extend support as SC dismisses telcos' AGR relief plea

Tata Sons, Tata group

Sterlite Electric on Wednesday said it secured orders worth Rs 7,500 crore in FY25, driven by robust Rs 2,400 crore contracts in March quarter.
The order book spans high-performance conductors, power cables, Optical Ground Wire (OPGW), and specialized EPC services, with a particular focus on advancing India's green energy transmission infrastructure, a company statement said.
The company also continues to expand its footprint, particularly in the Americas, European Union, Africa, and the Middle East, with high-performance conductors and OPGW solutions.
"Our strong Q4 performance, with record order wins, reflects the growing demand for our innovative and sustainable transmission solutions. The significant traction from both domestic and international markets, along with our growing export presence, reinforces our position as a trusted partner for utilities and industries worldwide," CEO Reshu Madan said.
In Q4, the company received several prestigious orders. Major wins include orde

Gujarat Energy Transmission Company, Power Sector, ipo, investment, public-private partnership

The company also continues to expand its footprint, particularly in the Americas, European Union, Africa, and the Middle East, with high-performance conductors and OPGW solutions

Travel booking platform EaseMyTrip on Wednesday denied allegations against its founder and chairman Nishant Pitti in the Mahadev app betting case, terming the claims "entirely baseless, misleading, and devoid of factual merit".
Pitti has reportedly been accused of colluding with a network of operators who allegedly used proceeds from the illegal betting operation to manipulate the stock prices of 25 listed companies, purportedly in connivance with their promoters.
The Enforcement Directorate in April searched the premises of Pitti as part of fresh multi-state raids in the Mahadev online betting app-linked money laundering case.
The raids covered 55 locations including Delhi, Mumbai, Chandigarh, Ahmedabad, Indore, Jaipur, Chennai and Sambalpur in Odisha.
"We categorically and unequivocally deny the allegations reported in connection with our Founder and Chairman, Nishant Pitti, concerning the so-called Mahadev app betting case. These claims are entirely baseless, misleading, and dev

Nishant Pitti

Pitti has reportedly been accused of colluding with a network of operators who allegedly used proceeds from the illegal betting operation to manipulate the stock prices of 25 listed companies

L&T Technology Services on Wednesday said it has signed an MoU with BITS Pilani and the Centre for Research and Excellence in National Security (CRENS), to drive R&D and skill development in areas critical to national security.
Hosted at the Birla Institute of Technology and Science (BITS) Pilani's Hyderabad campus, CRENS will be the central hub for this collaboration, engaging with law enforcement, industry specialists, and academic researchers to drive technological innovation and comprehensive skill development.
Participation from defence experts, including former leaders from the armed forces and the Defence Research and Development Organisation (DRDO), will also be seen, a company statement said.
"This landmark collaboration aims to drive Research & Development (R&D), innovation, and skill development in areas critical to national security, including cybersecurity, perimeter security, digital forensics, and emerging technologies," it said.
LTTS and BITS Pilani ...

data centre, data security, data

Based at BITS Pilani's Hyderabad campus, CRENS will lead the collaboration, working with law enforcement, industry experts, and researchers to boost tech innovation and skill development

Bharat Biotech International Ltd on Wednesday said its oral Cholera Vaccine Hillchol has successfully completed phase III clinical trials.
The vaccine maker, in a press release, said it has demonstrated against both Ogawa and Inaba serotypes, proving non-inferior in healthy Indian adults and children, supporting its potential as an effective OCV.
Ogawa and Inaba are two serotypes of Vibrio cholerae O1, a bacterial species that causes cholera.
The findings of a double-blind, randomized phase III clinical trial evaluating the safety, immunogenicity, non-inferiority, and lot-to-lot consistency of the Hillchol oral cholera vaccine, compared to a comparator vaccine, were recently published in a journal. The study involved 1,800 participants, ranging from infants to adults, across 10 clinical sites in India, the release said.
The participants were divided into three age groups: adults over 18 years, children aged 5 to under 18 years, and infants aged 1 to under 5 years. They were randomi

Vaccine

The vaccine maker, in a press release, said it has demonstrated against both Ogawa and Inaba serotypes, proving non-inferior in healthy Indian adults and children

Flipkart-owned online travel platform Cleartrip on Wednesday announced the appointment of Manoj Awasthi as its Chief Technology Officer, terming it a strategic move to bolster the company's leadership.
At Cleartrip, Manoj will lead the tech charter, bringing together engineering, data, and infrastructure to build a more scalable and user-focused platform, it stated.
Prior to joining Cleartrip, Manoj served as the Chief Technology & Product Officer at Julo.
Ramesh Gururaja, Senior Vice President, Consumer Products & Growth, Flipkart said, "Manoj's appointment is a big step forward in building a future-ready leadership team with strong, cross-functional expertise. His arrival aligns perfectly with our vision of strengthening our tech platform to drive long-term growth and innovation".
Manoj Awasthi, Chief Technology Officer, Cleartrip, said, "Over the years, I've led large product and engineering teams and built platforms that serve millions. At Cleartrip, I look forward to ...

cleartrip

At Cleartrip, Manoj will lead the tech charter, bringing together engineering, data, and infrastructure to build a more scalable and user-focused platform

The Accenture promotions will take place in June, which will now replace the traditional December round of promotions

Accenture promotions will take place in June, which will now replace the traditional December round of promotions

Accenture

Backed by Sustainable Ocean Alliance and CE-Ventures, PierSight aims to scale its SAR satellite constellation, boost ocean intelligence, and grow its engineering team

PierSight

Initiative aims to support early-stage ventures with fintech tools, mentorship and infrastructure - especially in Tier 2 and Tier 3 cities

Panneerselvam Madanagopal, CEO, MeitY Startup Hub

CloudSEK secures funding from Indian and US investors to boost AI capabilities and expand internationally, with the US emerging as its fastest-growing revenue region

cybersecurity

Uber plans to expand metro ticketing to three more cities by end-2025 and launch B2B logistics on ONDC, starting with food delivery and scaling to other sectors

Uber

We are working with fleet operators and charging networks to make sure both of them work in tandem, says Sanka

Aravind Sanka, Co-founder, Rapido

Akshay Hiranandani talks about about Serentica's future roadmap, and the current market scenario

Akshay Hiranandani , CEO, Serentica Renewables

We have seen a great beginning in the manufacturing side, as new plants being built are pulling in an entire ecosystem to support them, said Ahuja, India MD, Cadence Design Systems

Jaswinder Ahuja

Dhanya Rajeswaran talks about the US-based company's Bengaluru location, the largest, fastest-growing hub worldwide, and the only place where it is called the Global Innovation Center

Dhanya Rajeswaran, global vice-president and managing director for India, Fluence, an offspring of Siemens and AES

Hindalco MD Satish Pai discusses India and global capex, demand drivers, US tariffs and the Novelis IPO following strong Q4FY25 results and rising market demand

Hindalco MD Satish Pai

Achieving 15 per cent year-on-year growth, with nearly four biosimilars with $200 million in revenue, is a big feat, says Tambe

Shreehas P Tambe, Managing Director and Chief Executive Officer, Biocon Biologics (BBL)

Our focus is on families in the lower segment, or those families which have a family income in the ₹5-₹15 lakh range only. This segment needs life insurance the most, said  Shriram Life MD, CEO

Casparus JH Kromhout, MD & CEO, Shriram Life Insurance

With ₹3,000 crore under management, Fireside Ventures sees emerging consumer cohorts and tech-driven wellness as key to India's evolving consumer brand landscape

Vinay Singh, Fireside Ventures

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