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 Mahape facility is part of a planned 100 MW campus and L&T Vyoma's roadmap for over 200 MW across key hubs, with direct-to-chip liquid cooling to support high-density AI workloads

Larsen and Toubro (L&T)

Apple is contesting rules that allow the Competition Commission of India (CCI) to impose penalties retrospectively based on a company's global turnover

Apple

Drug maker Lupin on Wednesday said its subsidiary, Lupin Atlantis Holdings SA (LAHSA), has inked a licence and supply agreement with Galenicum Health for diabetes and weight management medication.
Lupin Atlantis Holdings SA (LAHSA) has entered into a partnership with Galenicum for finished formulations of injectable Semaglutide, a GLP-1 receptor agonist.
As per the agreement, Galenicum will oversee development, manufacturing, and supply, while Lupin will handle regulatory submissions, approvals, and the commercialisation and distribution of Semaglutide across 23 countries globally, including Canada, Europe, Southeast Asia, and Latin America, the Mumbai-based drug maker said in a statement.
"Our partnership with Galenicum marks a strategic milestone in strengthening Lupin's Semaglutide portfolio. As diabetes continues to escalate globally and obesity emerges as a major global health priority, Semaglutide stands out as a critical therapy," said Fabrice Egros, President, Corporate ...

weight-loss injections

Lupin Atlantis Holdings SA (LAHSA) has entered into a partnership with Galenicum for finished formulations of injectable Semaglutide, a GLP-1 receptor agonist

Pixxel-led consortium will design, build, own and operate India's first privately led national Earth Observation system under a public-private partnership, deploying 12 satellites over five years

Pixxel

French multinational personal care corporation L'Oral is expected to inaugurate its Global Capability Centre (GCC) in November this year, official sources said on Wednesday.
The beauty tech company will be investing Rs 3500 crore ( 350 million Euros) by 2030 and will create 2,000 highly skilled advanced tech jobs, including AI specialists, tech engineers, and data scientists and will accelerate the delivery of state-of-the-art, AI-powered beauty solutions at scale, an official release said.
The decision was announced by Nicolas Hieronimus, Chief Executive Officer, L'Oral, on the sidelines of the World Economic Forum being held at Davos, Switzerland, it said.
The L'Oreal facility would be the world's first GCC in the beauty-tech niche in Telangana. The facility is expected to create jobs for  2000 beauty tech engineers, a government official said.
"This first-of-its-kind Beauty Tech hub will serve as a flagship for crafting the next generation of AI-powered beauty innovation and ...

Rupee

The L'Oreal facility would be the world's first GCC in the beauty-tech niche in Telangana. The facility is expected to create jobs for 2000 beauty tech engineers, a government official said

BPCL, as the company is known, has issued tenders for three grades - Abu Dhabi's Murban, Iraqi Basrah and Oman crude - for delivery from April to March 2027

BPCL, Bharat petroleum

Bloomberg

With this service, customers can save their credit and debit cards to the Apple Wallet

Apple Pay

The firm has raised $100 million in seven months, with over 5 million users creating and shipping products in more than 190 countries

Emergent Co-founders- Mukund Jha & Madhav Jha

Fundamentum-led Series A backs materials-science research, in-house IP and expansion of an Asia-wide manufacturing network

Shrestha Kukreja, founder of Whizzo

Three Indian entrepreneurs on Monday came together here to launch a next-generation integrated clean energy platform, LNK Energy, with an initial investment of Rs 10,000 crore over the next five years.
It will begin operations with a 6 GW solar cell and module with an integrated ingot and wafer plant in Maharashtra, the organisers said during the launch on the sidelines of the World Economic Forum Annual Meeting 2026.
LNK Energy's areas of operation would include advanced manufacturing, green fuels, and renewable energy generation.
The company said its first project will be spread over 60 acres at Chhatrapati Sambhaji Nagar, Maharashtra, and will manufacture high-efficiency solar cells and modules using advanced technologies and global best practices.
It has signed an agreement with the Maharashtra government for setting up the project.
Its co-founders are Paritosh Ladhani, Joint Managing Director of SLMG Beverages, the largest bottler of Coca-Cola in India; Kushagra Nandan, ...

clean energy

They said the company will focus on supporting sustainable growth, responsible industrial development, and long-term energy security for India

While the average valuation of the top 20 startups was $1.78 billion, the remaining 80 had an average valuation of just $0.42 billion, nearly one-fourth of the top cohort

startups in India, start- ups, valuation, Fundraising

Speaking at the World Economic Forum 2026 Annual Meeting, Nadella said the benefits of AI need to be much more evenly distributed to avoid it from becoming a bubble

Satya Nadella, Satya, Microsoft CEOSatya Nadella, Satya, Microsoft CEO

Hindustan Zinc's CEO says record Q3 profit is structurally sustainable, driven by low costs and rising silver recoveries, while cash will fund growth, not dividends

Vedanta's Hindustan Zinc Limited

South Indian Bank expects loan growth above 12% by shifting focus from corporate lending to retail, MSME and agriculture, while margins face short-term pressure amid rate cuts

P R Seshadri, MD & CEO, South Indian Bank

Ola Electric said Deepak Rastogi is a veteran finance and business leader with over 30 years of experience in large, complex, capital-intensive industries, including automotive and manufacturing

Ola Electric, OLA

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

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

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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