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

Allana Group operates in over 70 countries across the globe, with West Asia being one of its major markets

Allana Group

Global healthcare company Abbott on Tuesday announced the launch of its drug eluting stent in the country which it claimed would be helpful in treating complex heart blockages.
The new device, XIENCE Skypoint, is designed to be more flexible, easier to guide through the heart's arteries, including large vessels, and better suited for treating complex heart blockages, the company said in a statement.
"The launch of XIENCE Skypoint in India represents an advancement for doctors treating cardiovascular disease, which remains a leading cause of mortality in India," Tushar Sharma, general manager for Abbott's vascular business in India and South Asia said.
Many patients develop severe blockages earlier in life due to rising hypertension, diabetes, cholesterol, and lifestyle risks.
"This makes it essential to support doctors with stents that can safely reach difficult areas and treat a wide range of blockages," Sharma stated.
XIENCE Skypoint brings improvements with precision and ...

Abbott, Abbott logo

The new device, XIENCE Skypoint, is designed to be more flexible, easier to guide through the heart's arteries, including large vessels

In an order dated March 9, a three-member SAT bench ruled that the OFCDs issued by SICCL between 1998 and 2008 constituted a public offer, bringing them within Sebi's regulatory jurisdiction

Sahara India Pariwar

JSW Steel said that the production decline was due to the shutdown of Blast Furnace 3 at the Vijayanagar plant for a capacity upgrade, while output growth excluding the unit rose about 8 per cent

JSW Steel, JSW

IDFC First Bank said it paid ₹645 crore to clients after claims linked to a suspected fraud at its Chandigarh branch, ₹55 crore higher than the initial estimate of ₹590 crore

IDFC Bank

Bhagwati Products has leased 430,000 sq ft in Oppo's Noida plant to expand smartphone output, marking another major industrial space deal amid strong demand in NCR's manufacturing hubs

smartphone manufacturing, PLI Scheme

Nasscom has urged tech firms to strengthen cybersecurity frameworks as West Asia conflict heightens risks, advising measures ranging from credential resets to DDoS readiness and supply-chain audits

Nasscom logo

Funding round led by the International Finance Corporation and RMB Capitalworks will support global expansion and development of AI-driven tools to monitor digital services

startup funding investment

The collaboration is aimed at solving such issues faced by direct-to-consumer (D2C) companies

PayU India, PayU

Snabbit has launched Kavach, a platform-embedded safety system that proactively monitors risk and triggers escalation during home-service jobs, strengthening protection for women workers

Snabbit

StrideOne has raised ₹100 crore in equity and structured debt and appointed industry veteran Rajesh Sud as co-founder and chairman as it strengthens governance and scales its MSME credit platform

Rajesh Sud, co-founder and chairman, StrideOne

Hinduja Group is expanding AI across automotive, insurance, energy and healthcare businesses, with early deployments already improving efficiency and generating new digital revenue streams

Amit Saharia, Hinduja Group president — strategy

Varun Beverages says expanded capacity, a diversified portfolio and its Africa strategy support confidence in a strong recovery, despite last year's weather-led demand disruption

Ravi Jaipuria, Non-Executive Chairman, Devyani International

Cars24's India used-cars chief Himanshu Ratnoo has resigned as the SoftBank-backed firm restructures leadership while pushing for profitability targets and preparing for a potential IPO

Cars

Jay Chaudhry warns that hijacked Artificial Intelligence agents could become the next major cybersecurity risk for enterprises

Jay Chaudhry, Zscaler founder, billionaire

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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