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

Realty firm Max Estates Ltd on Thursday announced it has taken over the stalled 'Delhi One' project in Noida through the insolvency process and will invest Rs 1,400 crore to develop this mixed-use property.
In a regulatory filing on Thursday, Max Estates said it has taken over Boulevard Projects Pvt Ltd to revive Delhi One project in Noida, after 7 long years of wait.
Max Estates said it has successfully completed the acquisition of 100 per cent equity share capital of Boulevard Projects Pvt Ltd by way of allotment of 34,000 fresh equity shares to the company and its nominees, effective April 23, 2025.
The project is an integrated mixed-use development that will have ultra-luxury serviced residences, premium office spaces, and retail spaces.
Max Estates had received final approval from NCLT and NCLAT on February 2023 and October 2024, respectively.
"The company is acquiring the Delhi One Project pursuant to a Resolution Plan, and the total capital commitment, including settlement 

Max Estates

Max Estates said it has taken over Boulevard Projects Pvt Ltd to revive Delhi One project in Noida, after 7 long years of wait

Agricultural inputs company Rallis India, a subsidiary of Tata Chemicals, on Wednesday reported a loss of Rs 32 crore during the quarter ending March 31.
The company's loss stood at Rs 21 crore during the corresponding quarter of the previous financial year, Rallis India said in a regulatory filing.
The company's revenue from operations during the quarter under review was almost flat at Rs 430 crore compared to Rs 436 crore in the same quarter of the previous year.
For 2024-25, Rallis India's profit after tax (PAT) stood at Rs 125 crore, while its revenue from operations was Rs 2,663 crore.
"The company has reported FY25 revenue of Rs 2,663 crore and PAT of Rs 125 crore. For Q4 FY25, revenue is Rs 430 crore with positive volume growth in domestic business. Control over working capital has enabled strong cash flow from operations.
"I am particularly pleased with the growth of 23 per cent and 24 per cent in soil and plant health and herbicides categories, respectively. Our Innovatio

Rallis India

The company's loss stood at Rs 21 crore during the corresponding quarter of the previous financial year, Rallis India said in a regulatory filing

Wendt (India) Ltd, an abrasive and precision component manufacturer, reported a consolidated net profit of Rs 12.89 crore for the January-March 2025 quarter, the company said.
The city-based company, part of the diversified Murugappa Group, had registered a profit of Rs 13.38 crore during the corresponding quarter of the previous financial year.
For the year ending March 31, 2025, the consolidated net profit stood at Rs 39.48 crore, as against Rs 40.95 crore recorded during the same period last year.
The consolidated total income for the January-March 2025 quarter rose to Rs 77.71 crore, from Rs 71.89 crore in the corresponding quarter of the previous financial year.
For the full year ending March 31, 2025, the consolidated total income increased to Rs 242.48 crore, compared to Rs 233.95 crore in the year-ago period.
The Board of Directors has recommended a final dividend of Rs 20 per share (200 per cent on the face value of equity shares of Rs 10 each). The payment of the final .

India Inc has managed to sustain net profit growth that has outstripped muted revenue expansion over the past several quarters, largely buoyed by favourable credit conditions and lower input costs. However, this divergence is now converging, with ana

The city-based company, part of the diversified Murugappa Group, had registered a profit of Rs 13.38 crore during the corresponding quarter of the previous financial year

The bank's deposits increased to Rs 53,689 crore, up from Rs 49,515 crore last fiscal

Tamilnad Mercantile Bank

The review is being undertaken by the ICAI on a suo motu basis, Charanjot Singh Nanda, president, ICAI, said

Gensol Engineering

The Enforcement Directorate (ED) on Wednesday said it has attached fresh assets worth more than Rs 1,500 crore as part of a money-laundering investigation against the Sahara Group.
A provisional order was issued by the federal probe agency under the Prevention of Money Laundering Act (PMLA) to attach a total of 1,023 acres of land of Sahara Prime City Limited in 16 cities.
The total value of these plots is Rs 1,538 crore (according to the 2016 circle rate). These pieces of land were purchased through "benami" transactions, with the funds "diverted" from Sahara entities, the agency said in a statement.
These pieces of land are located in Gujarat, Odisha, Maharashtra, Karnataka, Rajasthan, Jammu and Kashmir and Uttar Pradesh, the statement said.
Last week, the ED attached 707 acres of land in Amby Valley, located in Maharashtra's Lonavala, worth Rs 1,460 crore (market value).
The money-laundering case stems from more than 500 FIRs filed by various state police departments.
Three FI

Sahara India Pariwar

A provisional order was issued by the federal probe agency under the Prevention of Money Laundering Act (PMLA) to attach a total of 1,023 acres of land of Sahara Prime City Limited in 16 cities

Furthermore, with a projected revenue growth of 20 per cent in FY 2024-25, this initiative would empower team members to build personal wealth while growing with the organisation, the company believes

ESOP

The National Bank for Agriculture and Rural Development (Nabard) has acquired a 10 per cent stake in agri fintech startup 24x7 Moneyworks Consulting Pvt Ltd.
This marks Nabard's first-ever investment in a bootstrapped startup, reinforcing its commitment to digital transformation in rural India, the apex rural credit institution said in a statement.
24x7 Moneyworks Consulting Pvt. Ltd's flagship platform, eKisanCredit (eKCC), is a fully digital loan origination system designed for Cooperative Banks, PACS and RRBs, it said.
The eKCC platform integrates seamlessly with land records, Aadhaar, eKYC, core banking systems and ePACS, enabling end-to-end automation of the rural credit lifecycle, it said.
Over the past two and half years, Nabard has piloted eKCC across various banks and the system is now ready for nation-wide roll-out, it said.
"eKCC has demonstrated the potential to improve access, transparency, and efficiency in dispensing agricultural credit This strategic collaboration 

Rs, Rupee, Indian Currency, Economy

This marks Nabard's first-ever investment in a bootstrapped startup, reinforcing its commitment to digital transformation in rural India, the apex rural credit institution said in a statement

The funds will be used to deepen the company's research and development (R&D) capabilities, expand manufacturing infrastructure, and accelerate deployments with India's defence forces

Drones, Mysterious objects in US

This marks a recovery from the Rs 36 crore loss the company posted the previous year (FY23)

Zupee

The Walmart-owned company has initiated steps to relocate its holding company from Singapore to India, a move intended to smooth the path for a domestic listing

flipkart

We also secured large deals - not necessarily AI deals, but deals powered by AI, says TCS CEO

K Krithivasan, TCS

We have a current rental income of ₹150 crore which is expected to cross ₹700 crore on annuity basis in the coming three to five years, says Vachani

Sahil Vachani, MD & CEO, Max Estates

Rekate talks on uncertainties due to global tariff wars, how Indian companies are navigating these challenges, and why India continues to be an important market for the American lender

Jason Rekate, Global Co-Head of Corporate Banking, Citi

We have created a bunch of tools to automatically analyse what is going inside the truck and predict which part fails when. That makes our warranty business more profitable, says Vaidya

Raghavendra Vaidya, managing director (MD) and chief executive officer (CEO) of DTICI

First, AI is real-we have more than 34,000 customers globally leveraging AI capabilities and embedded features, says Davies

Simon Davies, president, SAP Asia Pacific

A digital persona can do funny hours. If I could have an anchor in the studio when the newsroom has woken up to a big event like an earthquake, it can be fed in, says Purie

Kalli Purie, vice-chairperson, TV Today Network

Padalkar spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26

Vibha Padalkar, BFSI

We're actually huge in India, it is the number one demographic for us, says Barrie

Matt Barrie, CEO, Freelancer

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