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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Business Standard

Pocket Entertainment says AI-led growth across content creation, production and distribution has helped it cross $500 million in ARR, with a healthy bottom line

Pocket Entertainment

Smallcap World Fund acquired the stake through an open-market transaction as promoter Anand Kamalnayan Pandit sold 2% to meet minimum public shareholding norms

Capital Group

PVR INOX proposes ending upfront VPF payments and offering producers a choice between a per-show exhibition service charge and a revised revenue-sharing arrangement

Competition Commission of India (CCI) headquarters in New Delhi

Global food and beverage major PepsiCo expects India to break into its list of top 10 global markets in the coming years, as the country continues to draw investment for its expanding manufacturing footprint and rising consumption potential, its India & South Asia CEO Jagrut Kotecha said on Thursday.
Calling India one of its most promising markets globally, he said the company remains "very bullish" on the country's growth potential, backed by an investment of around Rs 5,700 crore by 2030 to scale up capacity and strengthen its regional footprint.
PepsiCo, which is investing to enhance capacity and scale up its supply chain network, inaugurated its fifth manufacturing plant in Nalbari, Assam, on Thursday, with an investment of Rs 778 crore.
The company, which earlier this year opened a concentrate facility at Ujjain in Madhya Pradesh, is also setting up a plant at Tiruchirappalli in Tamil Nadu to widen its presence in south India.
Replying to a PTI query on whether India will ...

Jagrut Kotecha, CEO, PepsiCo India & South Asia

PepsiCo, which is investing to enhance capacity and scale up its supply chain network, inaugurated its fifth manufacturing plant in Nalbari, Assam, on Thursday, with an investment of Rs 778 crore.

Sagar Defence Engineering Ltd, a vertically integrated deep-tech start-up, has been granted an industrial licence by the government for the manufacturing of surface and underwater vessels for use by the military, people familiar with the matter said on Thursday.
The company is among a handful of private entities to get the licence to produce vessels for use by the Indian Navy and Coast Guards.
The licence enables the company, subject to applicable regulatory approvals and licence conditions, to undertake activities relating to the design, manufacture, construction, integration, assembly, testing and supply of specified naval defence platforms and associated systems, the people cited above said.
The development follows the grant of an industrial licence for the manufacture of arms, explosives and ammunition to Sagar Defence Engineering earlier this year.
The earlier approval covered the manufacture of specified arms, explosives and ammunition, while the latest licence relates to the

Sagar Defence Engineering Ltd.

The company is among a handful of private entities to get the licence to produce vessels for use by the Indian Navy and Coast Guards.

Monthly performance translates into annualised transaction GMV run-rate of around Rs 11,000 crore; adjusted net revenue run-rate crosses Rs 2,000 crore

cars24

RBI Governor Sanjay Malhotra cautions fintechs against exploiting regulatory gaps, urges them to protect customer data and focus on responsible, inclusive innovation

RBI Governor Sanjay Malhotra

The Hosur facility will initially produce 250,000 electric two-wheelers annually and can scale to 500,000 units as the company targets India's growing mass-market EV segment

Ultraviolette unveiled its first mass-market electric scooter, the Tesseract

Reuters

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

FSSAI CEO Rajit Punhani says food companies must comply with regulations and ensure labels accurately reflect products, as consumer complaints and state enforcement rise

image

The resignation followed concerns identified in an internal audit review over the handling and disclosure of information relating to the board evaluation report

Coforge's non-executive Chairman O P

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

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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