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

Paytm Payments Services has received in-principle RBI authorisation to issue prepaid payment instruments, including wallets, subject to obtaining final approval from the central bank

Paytm Logo

The logistics firm plans to deploy 1,500-2,000 electric commercial vehicles over 12-18 months and scale the fleet to about 5,000 units within three years

delhivery

Incentive payouts to automakers under the Rs 25,938 crore scheme rise, but job creation and incremental sales continue to lag projections

Bajaj Auto showroom

Fino Payments Bank on Friday said the Reserve Bank of India has approved the appointment of Pratap Singh as MD & CEO of the bank for a period of three years.
The appointment is effective from November 27, 2026, or the date of taking over charge, whichever is earlier, Fino Payments Bank said in a regulatory filing.
The board will take necessary steps for his appointment, which will be subject to approval of shareholders of the bank, it said.
Currently, Chief Financial Officer of the bank Ketan Merchant is serving as the lender's interim CEO.
Merchant was appointed interim CEO following the arrest of then Managing Director and CEO Rishi Gupta for violating laws related to the Goods and Services Tax in February.
The Directorate General of GST Intelligence (DGGI) arrested Gupta for alleged use of shell companies and payment aggregators to funnel illicit funds generated by online money gaming.
Singh is a banking sector veteran with over 29 years of experience across India and the UK, 

Fino Payments Bank

The appointment is effective from November 27, 2026, or the date of taking over charge, whichever is earlier, Fino Payments Bank said in a regulatory filing

Budget carrier SpiceJet on Friday said its board will consider a proposal for raising fresh funds on November 18.
In recent times, the airline has been facing significant financial and operational headwinds. It has also curtailed flights.
SpiceJet said its board would meet on November 18 to consider and approve the proposal for raising fresh capital.
The fresh capital could be raised "by way of issuance of equity shares, preference shares, debt securities and/or other permissible instruments, through preferential issue, qualified institutions placement or any other mode," it said in a regulatory filing.
Shares of the company rose nearly 5 per cent to Rs 8.67 apiece in late afternoon trade on the BSE.
The airline's domestic market share dropped to 0.6 per cent in September from 1.2 per cent in August, according to the latest DGCA data.

Spicejet

In recent times, the airline has been facing significant financial and operational headwinds. It has also curtailed flights

SpiceJet's share of India's domestic aviation market, the world's third-largest, has plunged to ‌just 0.6% from nearly 15% in 2019

Reuters

Ola Electric has stopped taking orders through its own stores and plans to shut most of them by December, as it shifts to dealers to cut costs, improve working capital and ramp up sales

Ola Electric, OLA

The company plans to use IPO proceeds to deepen its engineering capabilities and expand into new consumer categories and proprietary components

Nvidia's chips underpin major Indian AI projects, including Reliance, Yotta, L&T, and Sarvam, even as chief executive Jensen Huang faces scrutiny over a suspected Chinese intelligence operative

Jensen Huang, Jensen, Nvidia

E-commerce platforms report a surge in AI-led product discovery during festive sales, while expanding its use to logistics, forecasting and customer support.

AI shopping agent, Artificial intelligence, AI agent

Founded by former Ultrahuman executive Apoorv Shankar, Aina has unveiled an AI-powered ring that anticipates user needs and controls apps and devices, with pre-orders from $399

Aina AI

Adani Energy Solutions on Friday said it has acquired IntelliSmart Infrastructure from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) for Rs 3,050 crore, a move that will boost the Adani Group entity's presence in the smart metering space.
The Rs 3,050-crore transaction includes the acquisition of 100 per cent equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF.
IntelliSmart Infrastructure provides advanced metering infrastructure for electricity and deploys certain smart gas meters in the country.
In an exchange filing, Adani Energy Solutions Ltd (AESL) said it has completed the acquisition of 100 per cent of the equity share capital of IntelliSmart from NIIF and EESL, and the optionally convertible debentures of IntelliSmart held by NIIF have been redeemed.
On October 30, the fair trade regulator, the Competition Commission of India (CCI), approved Adani Energy

Adani, Adani Group

The ₹3,050-crore transaction includes the acquisition of 100 per cent equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF

ReNew plans ₹80,000 crore investments in Andhra Pradesh across data centres and clean energy manufacturing, aiming to expand its presence across the clean-tech supply chain and digital infrastructure

Sumant Sinha

Meta India head Arun Srinivas discusses WhatsApp Pay, agentic AI, child safety and the company's focus on commerce, AI adoption and expanding business services in India

Arun Srinivas

Noel Tata steps down after 16 years as chairman and is named Chairman Emeritus; Bahram Vakil takes charge on November 12, while Abizer Diwanji joins the board

Noel Tata

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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