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

Burmans' open offer slated to open on Monday

Religare

Swiss investment bank UBS Group on Friday bought shares of 29 companies, including Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star and Hyundai Motor India, for Rs 1,938 crore through open market transactions.
According to the block deal data available on the National Stock Exchange (NSE), UBS AG purchased shares of Fortis Healthcare worth Rs 164 crore, bought shares of Max Financial Services for Rs 144 crore, and of Reliance Industries for Rs 138 crore.
Additionally, UBS also picked up shares of Blue Star for Rs 120 crore and acquired shares of Hyundai Motor India for Rs 103 crore.
The Swiss multinational also picked up shares in companies including One97 Communications, Zomato, Tata Consultancy Services and others.
The shares were acquired at a combined transaction value of Rs 1,937.71 crore.
Meanwhile, UBS Group's affiliate UBS Principal Capital Asia Ltd offloaded the same number of shares of 29 companies at the same price.
Shares of Fortis Healthcare 

UBS, UBS Group

Meanwhile, UBS Group's affiliate UBS Principal Capital Asia Ltd offloaded the same number of shares of 29 companies at the same price

SBI Mutual Fund on Friday picked up an additional 3.8 per cent stake in auto components maker Happy Forgings for Rs 341 crore through an open market transaction.
According to the bulk deal data available with the BSE, SBI Mutual Fund purchased 35.91 lakh shares, amounting to a 3.8 per cent stake, of Happy Forgings.
The shares were acquired at an average price of Rs 950 apiece, taking the transaction value to Rs 341.22 crore.
After the transaction, SBI Mutual Fund's holding in Happy Forgings has increased to 5.77 per cent from 1.97 per cent.
Meanwhile, Business Excellence Trust III offloaded 39.10 lakh shares or 4.2 per cent stake in Happy Forgings for Rs 371 crore through an open market transaction.
Business Excellence Trust III is a Sebi-registered Alternative Investment Fund managed by MOPE Investment Advisors. MOPE, a subsidiary of Motilal Oswal Financial Services Ltd (MOSFL).
The shares were sold at an average price of Rs 950.06 per piece, taking the deal value to Rs 371.48 .

SBI MF's Rs 7,000-cr IPO likely early FY23; eyes valuations of Rs 70,000 cr

SBI Mutual Fund, SBI MF

Business Excellence Trust III is a Sebi-registered Alternative Investment Fund managed by MOPE Investment Advisors. MOPE, a subsidiary of Motilal Oswal Financial Services Ltd (MOSFL)

LIC Mutual Fund on Friday launched its Multi Asset Allocation Fund, an open-ended scheme that invests in equity, debt, and gold to achieve long-term capital appreciation.
The New Fund Offer (NFO) opened on January 24 and will conclude on February 7. The scheme will reopen for continuous sale and repurchase on February 18, the company said in a statement.
The scheme's benchmark is a combination of 65 per cent Nifty 500 TRI, 25 per cent Nifty Composite Debt Index, and 10 per cent domestic gold prices, it added.
"Hybrid mutual funds saw a 27 per cent surge in assets under management in 2024, increasing from Rs 6.90 lakh crore in January to Rs 8.77 lakh crore in December according to data published by Association of Mutual Funds in India (AMFI).
"The multi-asset allocation funds saw significant growth in the AUM under hybrid category. Currently, this reflects a clear investor inclination towards hybrid funds and our new fund is ideally suited to cater to their interests," R K Jha, ...

LIC plans

LIC Mutual Fund on Friday launched its Multi Asset Allocation Fund, an open-ended scheme that invests in equity, debt, and gold to achieve long-term capital appreciation.

Edible oil firm Adani Wilmar Ltd has commenced operation of its food processing plant at Sonepat, Haryana, which it has established with an investment of nearly Rs 1,300 crore.
In a regulatory filing on Thursday, Adani Wilmar said the company has commenced operations at its integrated food processing plant in Gohana, District Sonepat.
"This food complex is one of the largest in the country built with a capital outlay of Rs 1,298 crore coming from IPO proceeds," the company said.
The plant will help generate 2,000 direct and indirect employment in Haryana.
The facility spread across 85 acres, has a total annual production capacity of 6.27 lakh tonnes. The plant will manufacture 4,50,000 tonnes of food products including rice, wheat flour, suji, rawa, and maida, along with 2 lakh tonnes of edible oils such as mustard oil, rice bran oil, and cottonseed oil, apart from Mustard DOC and Ricebran DOC for animal feed.
Last month, business conglomerate Adani Group announced its exit from A

Adani Wilmar

In a regulatory filing on Thursday, Adani Wilmar said the company has commenced operations at its integrated food processing plant in Gohana, District Sonepat

Paytm on Friday said it has not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the fintech firm is among companies facing a probe over cryptocurrency scam.
The information published is "factually incorrect and misleading", Paytm said dismissing media reports that claimed ED is investigating eight payment gateways, including Paytm, in connection with a scam involving 10 Chinese nationals.
Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE.
"...we confirm that we have not received any such new notice, communication, or query from the Enforcement Directorate regarding the matter mentioned in the media articles," Paytm said in a clarification to BSE terming the information published as "factually incorrect and misleading".
Drawing attention to its previous letter dated September 4, 2022, regarding the ...

Paytm

Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE

BSE-listed DroneAcharya Aerial Innovations has signed a term sheet for a strategic merger with AVPL International.
The financial terms of the deal were not disclosed.
A joint release announcing the strategic merger said the move marks a significant step towards strengthening India's position as a global leader in drone technology and innovation.
"DroneAcharya Aerial Innovations has officially signed a term sheet for a strategic merger with AVPL International (AITMC Ventures Ltd), marking a pivotal moment in India's drone technology landscape," it said.
The collaboration aims to transform the Indian drone ecosystem by combining DroneAcharya's expertise in R&D and innovation with AVPL's vast infrastructure and talent-skilling capabilities, the release said.
Together, the companies plan to drive advancements in drone manufacturing, ensuring state-of-the-art technology is accessible across industries such as agriculture, logistics, infrastructure, and defence.
Preet Sandhuu, Founder 

portable-counter-drones

Together, the companies plan to drive advancements in drone manufacturing, ensuring state-of-the-art technology is accessible across industries such as agriculture, logistics, infrastructure, defense

On Thursday, the CCPA issued notices to Ola and Uber for allegedly charging different prices for identical routes based on the mobile phone operating systems (Android or iOS) of users

Uber, Ola

Under the 'Educity' initiative of Maharashtra, upGrad will also establish an Urban University and Campus Hubs in partnership with three global universities -

upGrad, upGrad firm, Ronnie Screwvala, upGrad office

This first-of-its-kind integration of SAR and optical imagery addresses critical needs across sectors, including defence, agriculture, and disaster response

GalaxEye Founding Team

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

Zepto

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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