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

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Non-banking finance company Tata Capital has received a reassessment order from tax authorities, raising a demand of Rs 413.18 crore for the financial year 2017-18, the firm said.
The order, issued by the Deputy Commissioner of Income Tax, Mumbai, under the Income-tax Act and uploaded on March 20, 2026, pertains to Tata Capital Financial Services Ltd (TCFSL), which has since been merged with Tata Capital with effect from April 1, 2023.
The demand includes interest of Rs 202.72 crore and primarily arises due to alleged short credit of taxes paid and certain disallowances, Tata Capital said in a stock exchange filing on Saturday.
However, the company said the demand is based on apparent errors in the computation. It stated that the assessing officer incorrectly allowed a tax credit for Tata Capital instead of TCFSL, leading to a shortfall in credit and consequential interest levy.
Tata Capital said the entire demand, comprising Rs 209.52 crore of tax and Rs 202.72 crore of interest,

TATA CAPITAL

Tata Capital faces a ₹413 crore tax demand for FY18, flags computation errors and plans to challenge the order with no expected business impact

Amid concerns over a surge in import bill because of commodity price hardening in the wake of the Middle East conflict, Larsen & Toubro is hoping that the government continues with its capital expenditure even if it means a widening of fiscal deficit.
The engineering, procurement and construction major feels the government should borrow more if needed to continue with capital expenditure, a senior official has said.
"The import bill will go up because of oil and gas prices. The government will have to balance it. They will maybe temporarily raise the deficit, may be they will borrow more," its Deputy Managing Director Subramanian Sarma told reporters over the weekend.
"Overall, if you look at it, our fiscal situation is pretty good... we have some headroom so that we don't compromise on the capital for the infrastructure," Sarma added.
He also noted India has been able to curtail the fiscal deficit after the impact of the Covid pandemic.
Spends on infrastructure are necessary to .

Larsen and Toubro (L&T)

L&T backs continued government capex despite rising oil-driven import costs, even if it leads to a temporary fiscal deficit expansion

Engineering, procurement and construction major Larsen & Toubro has not seen any major business impact because of the ongoing Middle East conflict, as nearly 95 per cent of the projects are continuing to function, a top official has said.
The company, which gets over 35 per cent of its revenue from the geography witnessing conflict after the US and Israel's attack on Iran and the subsequent retaliations, however, flagged logistics and supply chain as key challenges and noted revenue risks if the situation remains unchanged.
L&T does not see any immediate impact on revenues as the 5 per cent of projects where work has been stalled do not contribute significantly to the topline, Subramanian Sarma, its deputy managing director, told reporters over the weekend.
However, if the logistical issues do not get resolved in three months, there can be an impact through revenue deferment, he added.
The top company official, who directly oversees the energy portfolio, declined to directly ..

Larsen & Toubro

The company flagged logistics and supply chain as key challenges and noted revenue risks if the situation remains unchanged

Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT's approval to Adani Group's bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore.
Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year approved the resolution plan or bid of Adani Enterprises Ltd.
On March 17, the National Company Law Tribunal (NCLT), Allahabad bench, approved Adani Enterprises Ltd's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL) through the insolvency process.
In a regulatory filing, JAL had informed that the NCLT, Allahabad bench, has "orally pronounced an order on March 17, 2026" approving the resolution plan submitted by Adani Enterprises Ltd.
Now, mining giant Vadanta has filed an appeal against the said NCLT order before the appellate insolvency tribunal NCLAT.
The matter is listed for hearing on Monday .

Vedanta

Anil Agarwal-led Vedanta Group was in the race to acquire JAL through an insolvency process, but the lenders in November last year approved the resolution plan or bid of Adani Enterprises Ltd

Founder Aravind Prasad says startup aims to complete tape-out within 10 months as it builds use cases and engages investors for AI-powered ADAS chip solutions

semiconductor, chip

Founder Aravind Prasad says company aims to complete tapeout within next 10 months

Assiduus Global raises $25 million in pre-Series B funding led by Bajaj Finserv to boost AI capabilities and expand into global markets

startup, startup funding, funding

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

The first product to come to India will be the Yamaha EC-06, which we are going to sell in limited cities and dealerships initially

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HDFC Bank CEO Sashidhar Jagdishan says Chakraborty's exit and UAE onboarding gaps are unrelated, stresses strong governance, compliance fixes, and growth-focused strategy ahead

Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO), HDFC Bank

South Indian Bank appoints former RBI Executive Director Jose Kattoor as non-executive part-time chairman, alongside senior management elevations effective April 2026

Jose Joseph Kattoor

HDFC Bank reassures investors on governance and stability after Chairman Atanu Chakraborty's resignation, says RBI backing and board unity will help restore confidence

HDFC Bank

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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.

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Two-wheeler demand likely to remain tepid until festival season, says HMSI

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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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