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

Hyundai reported operating profit of 2.8 trillion won ($1.95 billion) for October-December as it spent more on promotions in a slowing car market

Hyundai

India's second-biggest refiner has been relying on Russian barrels, which are at least $3 per barrel cheaper than dated Brent, for about a third of its feedstock

BPCL, Bharat petroleum

The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment

ByteDance

Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the USD 75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman Arvinder Singh Sahney said on Thursday.
Speaking to PTI here during the World Economic Forum Annual Meeting, he also said there are several energy sources that can be tapped to meet India's energy requirements in case of any eventuality.
Asked about the Indian participation at Davos, Sahney said it feels great to see India with a big presence here.
"It helps as so many global corporates we can meet here at a single place. We can exchange ideas with all of them, and that's good for the company and economy as a whole," he added.
On Donald Trump's second US presidency and its impact on India, he said it should be positive for the energy sector because "he has emphasised that we have to produce more energy and we are not averse to more energy 

Oil refinery, Oil production, Crude oil

On Donald Trump's second US presidency and its impact on India, he said it should be positive for the energy sector because "he has emphasised that we have to produce more energy"

Earlier in the day, the generic drugmaker reported consolidated net profit of Rs 1,414 crore ($163.7 million) for the quarter ended Dec. 31

dr reddy's laboratory , dr reddy , drl pharma sector

State-owned Bank of India (BoI) on Thursday said its board has approved Rs 5,000 crore fund raising through infrastructure bonds.
Long Term Infra Bonds to the tune of Rs 5,000 crore would be raised during the fourth quarter of FY25, BoI said in a regulatory filing.
Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past.
The advantage of infrastructure bonds is that they are exempt from regulatory reserve requirements such as Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). So, infrastructure bond proceeds can be fully deployed for lending activities.
Banks have been preferring infrastructure bonds over AT-1 and Tier-2 bonds, as they are better priced.

The Reserve Bank of India’s (RBI’s) decision to cut the cash reserve ratio (CRR) by 50 basis points, injecting liquidity of Rs 1.16 trillion into the banking system, is expected to reduce costs for banks and provide a much-needed boost to credit offt

The Reserve Bank of India's (RBI's) decision to cut the cash reserve ratio (CRR) by 50 basis points, injecting liquidity of Rs 1.16 trillion into the banking system, is expected to reduce costs for banks and provide a much-needed boost to credit offt

Long Term Infra Bonds to the tune of Rs 5,000 crore would be raised during the fourth quarter of FY25

The new feature will allow riders to view their scooter's information and interact with the dashboard

Ather

This initiative ensures that every order placed in the region is managed entirely by an all-women team, from picking to packing

Zepto

Dexcel has contributed to major defence and space projects, including Jaguar and Sukhoi aircraft upgrades and ISRO's Chandrayaan-3 and Aditya-L1 missions

Sanlayan Technologies - (L-R) Rohan Gala, Co-founder & CEO, Rahul Vamsidhar, Co-founder & CBO and Abhijit Kothawale, Co-founder & COO

VuNet's observability solution, built using big data and machine learning, helps to monitor business journeys and improve payment experience of users

Founders - from left - Bharat Joshi, Jithesh Kaveetil, Ashwin Ramachandran

In 2023, the Bangalore-based startup raised $10.85 million in a Series A funding round. This latest investment brings Ati Motors' total funding to over $37 million

Artificial intelligence, AI

The initial demand for electric scooters was given a fillip by the subsidy under the central government's FAME scheme

Suzuki

MRF Vice-chairman about the company's growth strategy, export roadmap, and raw material price concerns, among others

Arun Mammen

Says the public sector bank aspires to increase its Retail, Agriculture, and MSME (RAM) lending to around 60 per cent next year

Swarup Kumar Saha, Managing Director and Chief Executive Officer, Punjab & Sind Bank

Chinese EV manufacturer unveiled Sealion 7 for Indian market at Bharat Mobility Global Expo

Rajeev Chauhan, Head of Electric Passenger Vehicles at BYD India (left) and Srirang Joshi, Head of Sales at BYD India (right) at the unveiling of Sealion 7 at Bharat Mobility Global Expo on Saturday.

The expansion in US LNG capacity could lead to a global oversupply by the decade's end, potentially lowering prices

VANDANA HARI

In this quarter, we have achieved recoveries to the tune of Rs 1,064 crore, contributing to over Rs 2,700 crore in recoveries across the past three quarters, said UCO Bank MD and CEO Ashwani Kumar

Ashwani Kumar, CEO UCO Bank, BFSI

Ambition to double the business level to double even before three years, says Chatterjee

Amitava Chatterjee

He shared insights on the outlook for 2025-26 (FY26), the role of AI in efficiency-driven deals, and the state of discretionary spending

Debashis Chatterjee

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