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

Elie Saab to open first retail store this year

Elie Saab (Image: X/@ElieSaabWorld)

The office acquired a majority stake in Go Raw's parent, Freeland Foods LLC, through one of the operating entities owned and controlled by USK Capital under the overseas direct investment route

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand. In a world where consumer preferences change dramatically, M&As provide companies the means to r

Fair trade regulator CCI on Tuesday approved home-grown private equity firm ChrysCapital's proposal to acquire a stake in Nash Industries (I) Pvt Ltd.
Mumbai-based ChrysCapital is acquiring stakes through its three affiliates, ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Ltd. These entities invest in different sectors.
"The proposed combination pertains to the acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Limited (collectively, the Acquirers), collectively, of certain equity share capital of Nash Industries (I) Private Limited (Target)," the Competition Commission of India (CCI) said in a release.
Nash Industries is engaged in the business of box build solutions and metal stamping. The acquirers are private equity investors, belonging to the ChrysCapital Group.
"Commission approves acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue wave Investments Limited, collectively, of certain equity share capital in

ChrysCapital

Mumbai-based ChrysCapital is acquiring stakes through its three affiliates, ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Ltd. These entities invest in different sectors

These acquisitions come at a time of a favourable regulatory environment for the sector in the United States (US), with further plans to scale in markets where regulations are favourable

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Bank will focus on multiproduct relationships with individual clients, which is anchored in wealth solutions, and international banking

Standard Chartered

IT companies are looking to diversify and look beyond traditional revenue segments, as growth has remained damp over the last few years

HCLTech CEO and MD  C Vijayakumar said spending  in traditional or legacy areas  has remained stable

Italian luxury motorcycle maker Ducati on Tuesday said it has lined up 10 new and updated motorcycle models for launch in the domestic market this year.
These models include Desmo450 MX, the 2026 edition of the new Multistrada V4 Rally, Panigale V4 Lamborghini, and new Monster V2 and the new Hypermotard V2/V2 SP, among others, it said.
Of the 10 new models, one motorcycle model, Panigale V4R, has already hit the market on January 2, Ducati said.
Besides, the company said its dealer touchpoints for the Indian market are also in place.
"The year 2026 is poised to be another landmark year for Ducati as we continue to push boundaries with a portfolio of new launches that will set fresh benchmarks in the premium motorcycle segment," said Bipul Chandra, Managing Director, Ducati India.
Ducati India's commitment to delivering the most sophisticated, performance-driven motorcycles to Indian customers has never been stronger, he said.
"We are excited to introduce these exceptional new mod

Ducati

Of the 10 new models, one motorcycle model, Panigale V4R, has already hit the market on January 2, Ducati said

The fleet management startup operates over 3,000 vehicles in several Tier 1 cities and aims to scale operations with the new capital

CarDekho Group

Ride-hailing giant expands employee transportation services as GCCs fuel demand

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Capital, labour flock to Urban Company, Snabbit as speed becomes currency of convenience

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Seed round led by Sorin Investments, with participation from Bessemer Venture Partners, will fund expansion across India, the US and Middle East and deepen investment in AI accelerators, senior talent

Aivar

TCS CEO K Krithivasan talks about his vision of AI-first TCS and shift in its strategy towards acquisition

K Krithivasan, chief executive officer (CEO) and managing director (MD) of Tata Consultancy Services (TCS)

TCS, for the first time, disclosed revenue from AI. Annualised AI revenue grew 17.3 per cent sequentially to $1.8 billion

Samir Seksaria, Seksaria, Samir

India is central to Nissan's ambitions in 2026, as the brand accelerates its resurgence in the market

Thierry Sabbagh

Talks stalled after the Chinese company withdrew from the proposed partnership amid Beijing's curbs on overseas technology transfers in key sectors

reliance, reliance industries

Bloomberg

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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