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

A day after HDFC Bank Chairman Atanu Chakraborty resigned on ethical concerns, a top Finance Ministry official on Thursday said the bank is a "strong institution with strong fundamentals".
Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard.
"HDFC Bank is a strong institution with strong fundamentals," he told reporters.
The remarks come after the sudden exit of Chakraborty as chairman of HDFC Bank -- the country's second-biggest lender -- effective March 18, 2026, citing ethical concerns. This is the first time that a part-time chairman of HDFC Bank has left mid-way, raising concerns over its functioning.
Earlier in the day, the Reserve Bank said there were no material concerns on record as regards the bank's conduct or governance.
"HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a professionally run board and a competent management team. Based on our periodical assessment, t

HDFC Bank

Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard

Realty firm Mahindra Lifespace Developers Ltd is expecting a revenue of around Rs 3,000 crore from its new housing project in Mumbai.
In a regulatory filing on Thursday, the company said it has launched first two phases of a mixed-use project 'Mahindra Rainforest' on LBS Marg, Kanjur, Mumbai.
"Spanning 25.47 acres, the project is among the largest developments in Mumbai's central suburbs and is envisioned as an integrated lifestyle destination. The residential launch phases have an estimated Gross Development Value (GDV) of approximately Rs 3,000 crore," it added.
The GDV means the total sales value of units launched in this project.
Mahindra Lifespace Developer Ltd, the real estate and infrastructure development arm of the Mahindra Group, did not mention the investment to develop this project.
The company's development footprint spans 53.65 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It also has over 5,000 a

Mahindra Lifespaces

Spanning 25.47 acres, the project is among the largest developments in Mumbai's central suburbs and is envisioned as an integrated lifestyle destination

Fintech firm BharatPe on Thursday announced the appointment of Himanshu Verma as Head of its POS Business, effective immediately.
He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem.
Verma brings over twenty years of experience across channel sales and distribution, go-to-market strategy, UPI payments, POS/EDC acquisitions, merchant acquisition, and the broader digital payments ecosystem.
He has held key leadership roles at Pine Labs, Freecharge, Indepay Networks, Bharti Airtel, Samsung India, Uninor, and Vodafone.
In his most recent role at Pine Labs, Himanshu served as Senior Director and National Business Head -- Soundbox (Mini), where he led the incubation, launch, and scale of the business.
Verma will report to BharatPe CEO Nalin Negi.
"His deep experience in scaling large payment businesses and driving disciplined execution will be key as we continue to strengthen our POS portfolio and expand our merch

BharatPe Logo

He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem

Honda Motorcycle & Scooter India on Thursday said it will invest around Rs 1,500 crore to set up a third production line at its Tapukara-based manufacturing plant in Rajasthan.
The new production line is expected to begin operations in 2028 with an annual capacity of 6.7 lakh units, taking the total capacity of the factory to 2.01 million units per year.
It will also generate employment opportunities for over 2,000 people, further contributing to development of the region.
"India is entering a new phase of mobility transformation, and HMSI is committed to leading this journey with responsibility and purpose. Strengthening our production ecosystem at Tapukara is an important step towards building greater resilience, flexibility, and future readiness across our supply chain," Honda Motorcycle & Scooter (HMSI) India President & CEO Tsutsumu Otani said in a statement.
The expansion will help the company respond more effectively to market demand and continue delivering value ...

Rupee

It will also generate employment opportunities for over 2,000 people, further contributing to development of the region

Tata Group Chairman Natarajan Chandrasekaran has been conferred with honorary Knighthood by the British government in recognition of his stellar contribution to strengthening India-UK business relations.
He was presented the 'Knight Commander of the Most Excellent Order of the British Empire (KBE)' at an event at the British high commissioner's residence here on Wednesday night.
"The Tata Group is a long-standing investor in the UK with operations spanning automotive, steel, technology, and consumer sectors. It plays an important role in supporting UK jobs, advanced manufacturing, and the transition to clean technologies," the high commission said in a statement.
"As Chairman of Tata Group, he has made an exceptional contribution to UK-India business relations and to investing in the UK over many years," it said.
Lindy Cameron, British High Commissioner to India, described Chandrasekaran as "an amazing friend of the UK and an iconic figure in India's corporate world".
The honour w

N Chandrasekaran

Lindy Cameron, British High Commissioner to India, described Chandrasekaran as 'an amazing friend of the UK and an iconic figure in India's corporate world'

The CBI on Thursday questioned industrialist Anil Ambani in connection with the alleged Rs 2,929 crore cheating case registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.
Ambani arrived at the agency headquarters this morning for questioning in the case.
The agency has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to the company by the bank, they said.
The spokesperson for Anil Ambani said in a statement on Thursday that he will be appearing before the Central Bureau of Investigation (CBI) in Delhi on March 19 and 20 "for examination in connection with the FIR registered on the basis of a complaint filed by the State Bank of India".
"The appearance is in furtherance to Mr Ambani's commitment to extend full cooperation in the matter with all agencies," the spokesperson said.
The CBI had booked Ambani in August last year for allegedly defrauding the SBI to the tune of Rs 2,929.05

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

Anil Ambani

CBI has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to Reliance Communications by the bank

Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months

Funds will be used to expand in the US and other markets, invest in product development, and scale the team of the real estate-focused AI platform

verbaflo, verbafloAI

Indian startups are turning cautious on expansion and investments in West Asia amid the ongoing conflict, with fintech and travel sectors seeing early stress while edtech remains relatively stable

startups, office space, workplace

Pronto's 23-year-old founder says daily bookings have grown 18-fold in seven months, as the startup targets 70,000 bookings a day by June

Anjali Sardana, Founder and CEO, Pronto

Venture Catalysts exits Pee Safe with a 9.6x return, delivering strong gains after the hygiene startup raised fresh capital in a round led by OrbiMed

Wellness startup Pee Safe raises Rs 25 cr for R&amp;D, product launches

Pee Safe

MobiKwik appoints Anis Pathan as chief risk officer to strengthen enterprise risk management, fraud prevention and compliance across payments, lending and broking businesses

Anis Pathan will lead the company’s Enterprise Risk Management (ERM) framework

Anis Pathan will lead the company's Enterprise Risk Management (ERM) framework

Ex-IAS officer Atanu Chakraborty resigned from HDFC Bank's board as a part-time chairman and independent director, citing 'ethical' differences with some practices at the bank

Atanu Chakraborty

"Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal values and ethics", says Chakraborty

Rising oil prices from the US-Israel-Iran conflict threaten Asia's growth, widening deficits, fuelling inflation, and testing energy security across major economies

Louis Kuijs, Chief Economist Asia-Pacific, S&P Global Ratings

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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