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

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Hard Rock International terminates its franchise agreement with JSM Corporation, leading to closure of 10 cafe outlets across major Indian cities

A Hard Rock outlet in Bengaluru, which was established in 2007

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RIL signed a binding long-term agreement with South Korea's Samsung C&T to supply green ammonia for 15 years

RIL, Reliance, Reliance Industries

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Bank says reports of an ED probe into online gaming transactions are speculative and clarifies that the ongoing DGGI investigation relates to programme managers and merchants

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Tata Motors on Monday said it will increase the prices of its commercial vehicle range by up to 1.5 per cent from April 1.
The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, the company said in a regulatory filing.
The increase will vary, depending on the model and variant, it added.
Part of the USD 180 billion Tata Group, Tata Motors is India's largest manufacturer of utility vehicles, pick-ups, trucks, and buses.
Tata Motors shares on Monday ended 2.82 per cent up at Rs 437.75 apiece on BSE.

Tata

The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, the company said in a regulatory filing

Inspection reports on four major audit firms highlight gaps in internal controls, documentation and oversight of non-audit services, while urging stronger compliance and monitoring systems

audit, nfra

The others include improving documentation and a better assessment of keeping arm's length in giving loans to subsidiaries

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Early-stage companies selected from more than 4,000 applicants will receive up to $2 million each and access to Google's AI models and computing resources

(L-R) Prayank Swaroop, Partner at Accel; Jonathan Silber, Co-founder and Director of the Google AI Futures Fund

The Tamil Nadu Industrial Development Corporation (TIDCO) will invest Rs 25 crore in Chennai-based Agnikul Cosmos under the TIDCO Startup Investment Policy 2025.
Established in 1965, TIDCO is a premier industrial development agency of the Tamil Nadu government, and undertakes joint ventures and facilitates big industrial and infrastructure projects in the state.
The latest investment would help accelerate Agnikul's operational readiness, supporting the scaling of its aerospace manufacturing capabilities, advancing its stage recovery program, and strengthening the development of its integrated space campus on the 300 acres allocated by the Tamil Nadu government near Kulasekharapatnam.
In a statement, Moin SPM, co-founder and COO of the company, said, "This investment from the state government is a strong motivation for all of us to build and give back to the local community."
Agnikul is currently scaling its first orbital launch with Agnibaan, a small satellite launch vehicle capabl

ai, startups, artificial

Agnikul is currently scaling its first orbital launch with Agnibaan, a small satellite launch vehicle capable of carrying payloads to orbit

The Tamil Nadu Industrial Development Corporation will invest ₹25 crore each in AgniKul Cosmos and Raptee Energy under the Startup Investment Policy 2025

Rs, Rupee, Indian Currency

Long-endurance surveillance drones and industrial partnerships are set to deepen India-US defence cooperation and expand India's role in the global unmanned systems ecosystem

Vivek Lall, chief executive, General Atomics Global Corporation (GAGC)

From academia to enterprise, the institute's deep-tech portfolio of 140 startups targets strategic self-reliance in satellite tech, turbines, and medical diagnostics

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Razorpay's MD and Co-Founder Shashank Kumar on why AI agents will do more for India's small merchants than traditional search, the company's IPO plans, and why the conflict in West Asia makes it hard

Shashank Kumar, MD & Co-Founder, Razorpay

With regulatory approvals secured, the merger of Aster DM Healthcare and Quality Care India is set to close next quarter, paving the way for major hospital expansion

Alisha Moopen, Deputy Managing Director of Aster DM Healthcare

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

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

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

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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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