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

Solar module prices have risen up to 20 per cent amid supply disruptions, rising freight costs, and higher metal prices triggered by the Iran conflict

solar, solar power, solar panels, solar projects

YES Bank appoints S Anantharaman as Chief Risk Officer to oversee enterprise-wide risk, including credit, market, and operational frameworks

Yes Bank

Circulate Capital on Wednesday said it has raised USD 220 million (approximately Rs 2,000 crore) in the first close of its second Asia-focused fund to scale circular supply chains across South and Southeast Asia.
The fund has drawn backing from investors, such as Builders Vision and Emerging Market Climate Action Fund (EMCAF).
"The fund will now deploy growth capital to scale circular supply chains and recycling businesses across South and Southeast Asia, with a focus on plastic solutions and packaging, as well as electronics and apparel," Circulate Capital said in a statement.
It will execute high-growth investments in key markets, such as India, Indonesia, Thailand, Vietnam, the Philippines, and Malaysia.
The fundraising comes amid growing recognition of circular supply chains as a strategic priority, driven by tighter regulations, volatile raw material markets and increasing sustainability commitments by global companies.
Industry estimates suggest that while the global economy

equity fundraiser

The fund has drawn backing from investors, such as Builders Vision and Emerging Market Climate Action Fund (EMCAF)

Glenmark will directly manage Ryaltris sales in the US from April 2026, strengthening its innovation-led portfolio and expanding its commercial presence in the market

Glenmark Pharma, AbbVie, ISB-2001, licensing deal, oncology, multiple myeloma, cancer, royalties, EBITDA growth, milestone payments

The carmaker, majority-owned by Japan's Suzuki Motor, said it has not faced any supply disruptions, but acknowledged potential disruptions in the future

Maruti Suzuki India, MSIL, Maruti Suzuki

Reuters

The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said.
The CBI has filed the case for the alleged offences of conspiracy, cheating and misappropriation and under the provisions of the Prevention of Corruption Act on a complaint from the LIC, making it the fourth case against the company and Anil Ambani, they said.
The agency has alleged that LIC was fraudulently induced to subscribe to Non Convertible Debentures (NCDs) worth Rs. 4500 crore between 2009 and 2012 on the basis of false representations made by Reliance Communications Ltd. and its management regarding the financial health of the company, and security and asset cover offered to LIC while subscribing to the NCDs.
The insurer suffered a loss of over Rs 3,750 crore and ordered a forensic audit against the company.
The forensic audit report dated October 15, 2020

ED links Anil Ambani firms to loan diversion; summons him August 5

Anil Ambani

The insurer suffered a loss of over ₹3,750 crore and ordered a forensic audit against the company

Jubilant FoodWorks renews its exclusive Domino's franchise in India for 15 years, with an option to extend the agreement further by 10 years

Jubilant FoodWorks, Domino's

E-commerce and quick commerce platforms are using artificial intelligence to improve product data quality, reduce returns, and ease rising logistics costs amid growing customer expectations

e-commerce, e-com, qcom

German firm Giesecke+Devrient plans to scale passkey-based biometric authentication in India, partnering with banks and card networks to boost trust and improve transaction success rates

Tapesh Bhatnagar, head of Digital Solutions at Giesecke+Devrient

Tata-owned platform continues third year of association with Royal Challengers Bengaluru, expanding digital engagement and fan experiences during the 2026 T20 League

BigBasket (Photo: Justdial)

Startup plans to scale its savings platform and build AI-led wealth and credit solutions targeting India's 300 million merchants and self-employed segment

investment, funds, funding

Lentra names former TransUnion CIBIL chief Rajesh Rathanchand as CEO to drive growth and strengthen credit risk and analytics capabilities

Lentra, which works with banks and non-banking financial companies (NBFCs), offers an end-to-end platform covering retail, business, and agri lending

Backed by International Holding Company, Samman Capital aims to transform into a diversified NBFC and enter India's top three by AUM by FY29

Gagan Banga, Managing Director and CEO of Sammaan Capital

As West Asia tensions strain energy supplies, industry backs bio-isobutanol blending in diesel to boost energy security without affecting mileage, using existing distilleries with minimal investment

Dilip Patil, co-chairman, Sugar Bioenergy Forum and Indian Federation of Green Energy

HFCL plans ₹800-900 crore expansion in fibre and defence as data centre demand surges, while navigating supply risks and boosting exports

Mahendra Nahata, Founder and Managing Director, HFCL

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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