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

The CEO of Chinese mobile device maker OnePlus India, Robin Liu, has stepped down, the firm said on Tuesday.
The development comes as the company works to recover from the ongoing decline in shipments.
"We thank Robin for his contributions to OnePlus India. He moves on to pursue his personal passions, and we wish him the very best for his future endeavours. OnePlus India operations continue with local strategy and business continuity ensured," the company said.
Under Liu, OnePlus recorded a 32 per cent decline in shipments in 2025, according to Cybermedia Research. IDC estimates a 38.8 per cent decline in the company's shipments in 2025 on a YoY basis.
The smartphone market looks challenging in 2025 as research firm IDC has projected that the overall volume shipment in the segment is expected to decline this year due to a shortage of memory chips globally.
CyberMedia Research (CMR), VP-Industry Research Group, Prabhu Ram said Liu's departure from OnePlus India arrives amidst susta

Robin Liu

The development comes as the company works to recover from the ongoing decline in shipments

The deal is currently in the final stages and if it goes through, it would mark the company's first acquisition post its public listing which happened in November last year

PhysicsWallah

American bank JP Morgan has appointed HSBC Group veteran Rahul Badhwar as its senior country officer for India.
Sjoerd Leenart, J P Morgan's chief executive for Asia Pacific, made the announcement about Badhwar's appointment.
Badhwar replaces Kaustubh Kulkarni, the senior country officer who quit in September to join rival Citigroup.
"India is a critical market for our Asia Pacific franchise, and Rahul will play a central role in driving and executing our growth strategy across the country," the internal memo reviewed by PTI said.
Badhwar's responsibilities will include getting the firm's entire set of offerings to clients, strengthening governance and controls, and supporting the talent base and community, as per the memo.
He will join the firm in July and be based out of Mumbai, it said, adding that Badhwar will report to Leenart and also be a part of the Asia Pacific Management Committee.
Badhwar has spent three decades in sales and trading roles at HSBC, and was last based in

JP Morgan

Sjoerd Leenart, J P Morgan's chief executive for Asia Pacific, made the announcement about Badhwar's appointment

Quick commerce platform Zepto on Tuesday introduced a suite of new in-app features, including a 'Pay Later' facility and real-time images of fresh produce, as it shifts its strategic focus from delivery speed to "behaviour-led commerce."
The company stated that the quick commerce sector is moving beyond the "race to the fastest 10 minutes" to focus on reducing everyday shopping friction and serving customers more intelligently.
The newly rolled-out 'Pay Later' feature offers a 15-day, interest-free repayment cycle embedded directly within the app. Designed for high-frequency, low-value orders, the facility allows for a one-tap checkout without One-Time Passwords (OTPs) or third-party redirects.
According to the product interface shared by the company, the service provides instant credit of up to Rs 10,000.
"Meet Zepto Pay Later, a BNPL experience built completely inside the Zepto app. Shopping is now going to be smoother than ever. It's already live for a small percentage, and we p

Zepto

According to the product interface shared by the company, the service provides instant credit of up to ₹10,000

Analysts said the decline in private banks' share was largely driven by contraction among small and mid-sized lenders, while leading private banks broadly maintained their positions

SBI Card

Jindal Steel doubles Angul complex capacity to 12 MTPA, strengthening domestic production and reducing import dependence amid global supply disruptions

Jindal Steel's Angul Integrated Steel Complex in Odisha

Aditya Birla Fashion and Retail Ltd on Tuesday announced its top leadership succession plan for the Pantaloons brand, with the appointment of Suraj Bahirwani as CEO Designate.
Bahirwani will succeed incumbent Sangeeta Tanwani from October 1, 2026, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing.
The company's board at its meeting held on March 24, 2026, has appointed Suraj Bahirwani as CEO (Designate) - Pantaloons and senior managerial personnel (SMP) of the company with effect from April 1, 2026, and as CEO - Pantaloons and SMP with effect from October 1, 2026, it added.
Sangeeta Tanwani, CEO - Pantaloons and whole-time director (WTD) and key managerial personnel (KMP) of the company, will oversee a planned and phased leadership transition of her role as CEO-Pantaloons and will continue to be CEO-Pantaloons till September 30, 2026, the filing added.
The company further said that from October 1, 2026 till her retirement on January 31, 2027, she will support 

Aditya Birla Fashion to set up subsidiary for entry into D2C space

Aditya Birla Fashion and Retail, ABFRL

Bahirwani will succeed incumbent Sangeeta Tanwani from October 1, 2026, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing

Court finds no prima facie case against Sumit Gupta and Neeraj Khandelwal, who claim they were victims of impersonation in Rs 71.4 lakh fraud case

coindcx

Euler Motors has raised Rs 437.5 crore in a Series E round led by Lightrock, along with Rs 250 crore in debt, to expand capacity and scale operations

Saurav Kumar, Founder & CEO, Euler Motors

Simplilearn has appointed three senior leaders to strengthen marketing, business and finance functions as it accelerates global expansion and AI-led learning initiatives

Kashyap Dalal, co-founder and chief operating officer, Simplilearn

Bengaluru-based Pranos Fusion raises $6.8 million to develop compact fusion energy technology, aiming to build scalable, clean power infrastructure from India

The latest funding is the company’s second raise, as it previously raised ₹3.5 crore in its first round, where it was backed by Industrial47

The latest funding is the company's second raise, as it previously raised ₹3.5 crore in its first round, where it was backed by Industrial47

Extend CEO tenure, recast roles, or name a successor - the 2027 call will shape the next decade

Infosys CEO Salil Parekh’s second term comes to an end on March 31, 2027. A formal announcement on the next steps is expected at the company’s AGM in June.

Infosys CEO Salil Parekh's second term comes to an end on March 31, 2027. A formal announcement on the next steps is expected at the company's AGM in June.

TVS Supply Chain Solutions sees limited direct impact from the West Asia crisis, with stable volumes and a strong growth outlook ahead.

Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions

The first product to come to India will be the Yamaha EC-06, which we are going to sell in limited cities and dealerships initially

Hajime Aota, new Chairman of Yamaha Motor India Group

HDFC Bank CEO Sashidhar Jagdishan says Chakraborty's exit and UAE onboarding gaps are unrelated, stresses strong governance, compliance fixes, and growth-focused strategy ahead

Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO), HDFC 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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