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 ₹1,600 crore deal for the upcoming Galaxy Complex, comprising a mall and Hyatt Regency hotel, marks Nexus Select Trust's entry into Northeast India

Nexus Select Trust

The fintech major has secured two licences from the Central Bank of the UAE to offer consumer payment instruments and e-payment acceptance infrastructure to merchants.

Phonepe

Bengaluru-based KIS Group and Paras Dairy will form a joint venture to set up 10 BioCNG plants with an investment of Rs 1,000 crore.
According to a joint statement, KIS Group and Paras Dairy have signed a Memorandum of Understanding (MoU) to set up 10 BioCNG (CBG) plants across Uttar Pradesh, Madhya Pradesh, Maharashtra and other states, with an estimated investment of Rs 1,000 crore.
They will form a joint venture (JV) for the proposed BioCNG plants.
Under the partnership, KIS Group will be responsible for technology, construction and operation of the plants, while Paras Dairy will be responsible for feedstock arrangement, land and approvals.
The MoU was signed at the IBET Expo here.
Founded in 2006, KIS Group is a clean technology player specialising in Biogas, BioCNG, and BioLNG solutions. Paras Dairy has plants in Sahibabad, Guloathi and Sandila in Uttar Pradesh, Malanpur in Madhya Pradesh and Newasa in Maharashtra.

KIS Group and Paras Dairy

Bengaluru-based KIS Group and Paras Dairy will form a joint venture to set up 10 BioCNG plants with an investment of Rs 1,000 crore.

The Jawa and Yezdi maker will raise capacity from 120,000 to over 200,000 motorcycles by year-end as it prepares for higher domestic sales and exports

Classic Legends

The 30-year PPP concession will add 18 MMT of capacity to APSEZ's portfolio and strengthen its presence across India's East Coast industrial and mineral hinterland

Adani Ports, APSEZ

The recommendation said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments

Xiaomi

Reuters

The order covers development of the Ratna-I and NLM-14 projects off India's west coast, including new platforms, subsea pipelines and brownfield modifications

Larsen & Toubro, L&T

Razorpay CEO Harshil Mathur said AI could lower personalisation costs and help startups target niches such as Gen Z payments, HNI wealth management and multilingual platforms.

Harshil Mathur, CEO & CoFounder Razorpay

The US patent covers GalaxEye's core invention for architecture and system used to align and synchronise optical and microwave sensors for simultaneous, spatially, temporally matched data acquisition

GalaxEye

Agnikul Cosmos expands reusable rocket capabilities with new Chennai testing and manufacturing facilities

Agnikul Cosmos

Elevation Capital and Nexus Venture Partners also participated, while Urban Company's Abhiraj Singh Bhal, Snap's Ajit Mohan and entrepreneur Anand Ahuja joined as angel investors

(From left) Dishant Daryani and Utkarsh Gupta, founders, Comet

Axis Bank MD & CEO Amitabh Chaudhry cautioned banks over deploying excess liquidity, while flagging the possibility of an interest rate hike in the near future

Axis Bank CEO Amitabh Chaudhry

BofA sees India as key cross-border payments hub as it pilots Zelle-UPI link

Daniel Stanton, Global Head of Transactional FX, Cross Border Real-Time Payments and Clearing, Global Payments Solutions at Bank of America (BofA)

Novartis doubles down on innovation in India, eyeing R&D, clinical trials and a stronger regulatory ecosystem while moving away from traditional generics

(From left) Judith Love, President, Asia Pacific, Middle East and Africa, Novartis; and Amitabh Dube, Country president and managing director, Novartis India

On what will make India an attractive investment destination, Love said: ''I think the number one for us to make India attractive is to create an innovative ecosystem.''

Judith Love, president, Asia-Pacific, Middle-East and Africa, Novartis

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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