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

Pharma major Venus Remedies on Saturday said it has successfully renewed its good manufacturing practices (GMP) certification from Ukraine's State Service on Medicines and Drugs Control (SMDC).
The certification applies to the company's Unit-II manufacturing facility located in Baddi, Himachal Pradesh, covering its cephalosporin, non-cephalosporin (carbapenem), and oncology parenteral production lines, including liquid and lyophilized injections, Venus Remedies said in a statement.
"Renewal of the Ukrainian GMP certification underlines our unwavering commitment to maintaining world-class manufacturing standards. This milestone not only reinforces our foothold in the Ukrainian market but also facilitates deeper penetration into PIC/S markets, significantly enhancing our international growth prospects," Venus Remedies President, Global Critical Care, Saransh Chaudhary said.
Ukraine, being a member of the Pharmaceutical Inspection Co-operation Scheme (PIC/S) consortium, comprising 56 .

pharma, drugs, medicine

This milestone not only reinforces our foothold in the Ukrainian market but also facilitates deeper penetration into PIC/S markets, said Venus Remedies president

The company noted that the initial $10 million tranche, along with $7.5 million from the second SAFE tranche, will be invested by or before May 31, 2025

Sun Pharma

Trump's message on Truth Social indicated that that he's already conveyed it to Apple CEO Tim Cook that all iPhones to be sold in the US must be manufactured in that country

Donald Trump, US President

Jain explained that the GCCs' increased leasing in India has to do with the quality of talent, skill availability, and the possible cost arbitrage in India

Nuvama, Nuvama group

Wipro said it derives over 62 per cent of its revenue from US clients and around 27 per cent from Europe

Wipro

The Reserve Bank of India (RBI) on Friday said it has imposed penalties on Union Bank of India and Transactree Technologies for non-compliance with certain regulatory norms.
A penalty of Rs 63.6 lakh has been imposed on Union Bank of India for non-compliance with the certain provisions of Banking Regulation Act, 1949 and certain directions on 'Credit Flow to Agriculture -- Collateral free Agricultural Loans', the RBI said.
In another statement, it said a penalty of Rs 40 lakh has been imposed on Transactree Technologies Pvt Ltd (also referred to as 'Lendbox') for non-compliance with certain provisions of the 'Non-Banking Financial Company -- Peer to Peer Lending Platform (Reserve Bank) Directions, 2017'.
In both cases, the RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with its customers.

Union Bank of India

A penalty of Rs 63.6 lakh has been imposed on Union Bank of India for non-compliance with the certain provisions of Banking Regulation Act, 1949

The tech giant has renewed its lease on 8.7 lakh sq ft at Bagmane Capital Business Park, paying ₹7.5 crore monthly for space across Kyoto East and West Towers

Google

Flipkart Minutes aims to scale rapidly to 800 dark stores by year-end, using existing logistics to reach smaller cities and challenge Blinkit, Instamart, and Zepto

Kabeer Biswas, vice president, Flipkart Minutes

VC firm Auxano Capital aims to close two funds worth ₹200 crore each by end-2025 and plans 3-4 startup exits, with investments nearing ₹200 crore across 34 startups

Auxano Capital (Photo: Wikimedia Commons)

With high-frequency sectors like food delivery and fintech at the core, Prosus plans new investments, acquisitions and AI integration to scale its India operations

Fabricio Bloisi, Group CEO of global tech investor Prosus

"My intention is to invest a few billion dollars more in India," Bloisi told Business Standard during a media roundtable

Chris Wright compares AI trajectory to early days of cloud tech; Red Hat to focus on enabling flexible infrastructure for AI workloads across platforms

Red Hat CTO Chris Wright

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

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

This is one of the soft brands we have launched. In India, we have 158 open hotels and another 112 are under construction. These are spread across 42 cities and they represent 17 brands, Menon said

Rajeev Menon, President, Asia Pacific excluding China, Marriott International

What we see at the moment is that as Indian consumers become more independent, have more freedom, they're choosing to buy diamond jewellery as symbol of that independence and symbol of their success

Al Cook, CEO, De Beers Group

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)

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