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

Reliance Retail sees near-term demand pressures but remains bullish on organised retail growth, FMCG expansion and deeper rural penetration

Reliance Industries, RIL

The Tamil micro-drama platform will offer two-minute episodic content rooted in hyperlocal storytelling and plans multilingual expansion by FY27-end

KadhaiShorts (Photo: Official website)

Google Cloud India MD Sashikumar Sreedharan says sectors such as financial services are likely to be among the early adopters of agentic AI-powered cloud services

Sashikumar Sreedharan - Managing Director, Google Cloud India

Vodafone Idea has raised concerns over preferential telecom services as Airtel's priority postpaid plans using 5G slicing face scrutiny over net neutrality and equal internet access

Vodafone Idea

Central Bank of India is well-positioned to reach the milestone of Rs 5,000 crore annual profit during the current fiscal year after clearing the deferred tax asset, according to the bank's MD and CEO, Kalyan Kumar.
In the March quarter of FY26, the state-owned bank took a one-time hit of Rs 632 crore due to the recognition of deferred tax assets at a rate of 25 per cent, as against 35 per cent.
"From the current year, we are migrating to the new tax regime and it will give us additional benefit of Rs 600-700 crore in our annual profit that is going to help us in bringing improvement in the bottom line," Kumar told PTI in an interview.
Asked if the bank can cross the Rs 5,000 crore milestone in FY27, he said, "The bank booked a profit of Rs 4,369 crore in FY26 and Rs 5,000 crore should not be any challenge for Central Bank of India (going by the current run rate)."
Stressing that customer centricity is the most important thing for any financial organisation, he said the company mus

Kalyan Kumar, Managing Director and Chief Executive Officer, Central Bank of India

In the March quarter of FY26, the state-owned bank took a one-time hit of ₹632 crore due to the recognition of deferred tax assets at a rate of 25 per cent, as against 35 per cent

Bajaj Finserv has launched Finserv Intelligence, an AI-focused innovation platform, and plans to invest up to Rs 2,000 crore in AI-led startups over the next five years

Sanjiv Bajaj, chairman and managing director of Bajaj Finserv | Photo: Kamlesh Pednekar

Flipkart's India Post partnership signals a broader shift in logistics strategy as the Walmart-owned e-commerce major looks to deepen reach while balancing costs and profitability

Flipkart

The fintech and payments industry is preparing a proposal for RBI seeking safe harbour provisions to protect compliant licensed entities from liabilities and retrospective regulatory action

FINTECH, UPI

GalaxEye founder Suyash Singh and his co-founders spent five years building Drishti, a satellite that sees through clouds even at night, and which was launched earlier this month on a SpaceX rocket

GalaxEye, Drishti satellite, IIT Madras alumni, SpaceX Falcon 9, OptoSAR, Earth observation satellite, synthetic aperture radar, Suyash Singh, Indian space startup, satellite imaging, private space sector India, IN-SPACe, NSIL, ISRO, defence surveill

India's data-protection framework offers some guardrails but leaves wide room for interpretation in how those rules apply to AI training

Representative image

Homegrown coffee chain abcoffee will use the fresh capital to expand across key urban markets and strengthen technology, operations and customer engagement

abcoffee, ab coffee, Image: Company Website

Berger Paints says recent price hikes have nearly offset rising raw material costs, with no immediate signs of demand slowdown despite oil-led inflation

Abhijit Roy, Managing Director (MD) and Chief Executive Officer (CEO), Berger | Image: Company Website

In Q4, the bank reported NIM of over 4 per cent largely because, in anticipation of higher deposit costs, we repriced advances earlier

Salee S Nair, managing director and chief executive officer, Tamilnad Mercantile Bank (TMB)

PVR INOX reported a strong FY26 recovery led by blockbuster films, rising footfalls and expansion into low-cost cinema formats across smaller cities

Ajay Bijli, Managing Director, PVR INOX

Fino Payments Bank MD and CEO Rishi Gupta resigned after seeking voluntary early retirement amid a GST investigation linked to the gaming sector

Rishi Gupta, managing director and chief executive officer (CEO), Fino Payments Bank

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

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

Pham Sanh Chau

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Yogesh Mathur, Director-Sales & Marketing, HMSI

Two-wheeler demand likely to remain tepid until festival season, says HMSI

JSW joint managing director and chief executive officer Jayant Acharya

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

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