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

Telecom operator Bharti Airtel has expanded its network footprint to Man and Merak -- two of the remotest villages on the Eastern Border of Ladakh -- near the world-famous Pangong Lake, the company said on Monday.
Airtel said the expansion of the network connects the entire route between Chushul and Pangong Tso (Pangong Lake), which is at the Line of Actual control.
"Located along the stretch between Man and Merak villages on the eastern border of Ladakh, this area has long struggled with zero connectivity and no telecom network availability, leaving a vast corridor of approximately 50 kilometres without coverage. High-speed network rollout in these villages marks a transformative moment, enabling residents, security forces, and tourists to stay connected in one of India's toughest terrains," Airtel said in a statement.
With this deployment, the entire route between Chushul and Pangong Tso is connected, significantly boosting the tourism potential of this globally renowned ...

Airtel

Airtel said the expansion of the network connects the entire route between Chushul and Pangong Tso (Pangong Lake), which is at the Line of Actual control

State-owned NBCC Ltd has bagged a nearly Rs 500 crore contract from Damodar Valley Corporation to construct a township in Jharkhand.
In a regulatory filing on Monday, the company informed that it has secured a Rs 498.30-crore order from Damodar Valley Corporation.
The order pertains to the construction of an integrated township at Chandrapura Thermal Power Station, Chandrapura, Jharkhand.
Recently, NBCC Ltd has reported a 25 per cent increase in consolidated net profit to Rs 156.68 crore for the September quarter on higher income.
Its net profit stood at Rs 125.13 crore in the year-ago period.
The total income rose to Rs 3,017.15 crore in the July-September period of the current fiscal year from Rs 2,512.95 crore in the year-ago period.
NBCC is into engineering, procurement and construction (EPC), project management consultancy (PMC) and real estate businesses.

NBCC

In a regulatory filing on Monday, the company informed that it has secured a ₹498.30-crore order from Damodar Valley Corporation

The retailer will open its second Bengaluru store at Puravankara's upcoming Kanakapura Road project, set to be handed over in early 2026

ikea

Country's largest lender SBI is in talks with the government for having a credit guarantee scheme for risky, new-age sectors, its managing director Ashwini Kumar Tewari said on Monday.
SBI also wants the inclusion of green finance in priority sector lending mandate, but the RBI and the government are averse to the idea because of the crowding-out effects on other aspects, Tewari said.
Speaking at the CII Finance Summit here, Tewari said SBI will soon be inaugurating a centre of excellence that will help not just itself but the broader universe of financiers with aspects like drafting policies on lending, assessing and pricing of risk, etc.
The CoE will focus on eight sectors, including electric vehicles, high-end solar technology, green hydrogen, green ammonia, batteries and data centre, he said.
"We are telling the government to build in some guarantee schemes for the new age and riskier elements of the industry," he said, without elaborating on the specifics been sought.
At pres

State Bank of India, SBI

SBI also wants the inclusion of green finance in priority sector lending mandate, but the RBI and the government are averse to the idea because of the crowding-out effects on other aspects, MD said.

Supreme Court gave the Centre four more weeks to reply to Sahara's bid to sell assets - including Aamby Valley and Sahara Shahar - to Adani Properties amid pending dues and refunds

Sahara India Pariwar

Thiel's move comes at a time of rising concerns about an AI investment bubble, which turned Nvidia into the world's most valuable company

Nvidia

Realty firm Puravankara Ltd has given on lease around 1.2 lakh sq ft retail space to Swedish furniture retailer IKEA in Bengaluru.
In a regulatory filing on Monday, the company informed that it has signed an Agreement to Lease (ATL) with IKEA India for leasing of two floors of retail space at the Purva Zentech Park, located on Kanakapura Road, Bengaluru.
The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026.
IKEA India will occupy retail space of more than 1.2 lakh square feet of leasable area across two floors, it said.
Real estate consultant Colliers' office services team was the advisor on this transaction.
As of September 30, 2025, Puravankara has completed 93 projects totalling 55 million sq ft across nine citiesBengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.

Ikea

The project is a mixed-use commercial development with about 9.6 lakh square feet of leasable and saleable area. The project is currently under construction and is slated for completion by early 2026

Hyderabad Angel Fund (haf.vc) on Thursday announced a Rs 100 crore venture capital initiative to back high-potential startups across the country in areas such as generative AI, gaming, spacetech, and drones.
The fund plans to invest in 15-20 startups across emerging and high-growth sectors.
On its radar are areas such as generative AI, gaming, SpaceTech, drones, HealthTech, consumer tech, FinTech, enterprise SaaS, and sustainability.
"As India's early-stage investment landscape begins to rebound after a cautious 2024, Hyderabad Angel Fund (haf.vc) has announced a Rs 100 crore venture capital initiative to back high-potential startups across the country," the release said.
The investments would typically range from Rs 2-4 crore per company, with reserves for follow-on rounds to support scaling ventures.
"Haf.vc has already identified 3 potential startups with termsheet and completed investment in one," the Sebi-registered Venture Capital Fund said.
Kalyan Sivalenka, Managing Direc

Rs, Rupee, Indian Currency

On its radar are areas such as generative AI, gaming, SpaceTech, drones, HealthTech, consumer tech, FinTech, enterprise SaaS, and sustainability

A clutch of domestic private firms are challenging state-run suppliers with advanced tech-driven hardware for India's defence services, signalling growing confidence in homegrown military technology

EyeRov

The company offers both pre-paid and pay-after-placement models, and has partnered with leading Indian institutions like IITs and IIMs for its upskilling programmes

Prateek Shukla, co-founder and chief executive officer of Masai

IFC's $60-million investment in Everstone Capital's Fund V will target high-growth sectors such as healthcare, technology, consumer goods, and financial services across India and Southeast Asia

direct tax rupees fund

Ather Energy is now the third-largest e-scooter maker by volume and No. 1 by revenue, but warns that the PLI policy's exclusions are delaying launches and hurting innovation, says Mehta

Tarun Mehta, chief executive officer, Ather Energy

Eli Lilly invests $1B in India as Mounjaro succeeds, Hyderabad site to boost global supply and innovation

Winselow Tucker India president and general manager, Eli Lilly

MD & CEO Sumit Madan says product mix tweaks and cost control will offset ITC loss as firm targets "breakout number 3" position in industry

Sumit Madan, CDO and the CEO designate, Axis Max Life Insurance.

Tata Steel's top executives say Q3 prices will soften but higher volumes will offset the impact; Europe to benefit from import curbs, while UK turnaround may take longer

(L-R) T V Narendran, managing director and chief executive officer, Tata Steel; Koushik Chatterjee, executive director and chief financial officer, Tata Steel

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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