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

The state-run bank ‌is estimated to have bought bonds worth nearly 50 billion rupees, or about 40% of the offering

State Bank of India (SBI)

Reuters

Strong FY27 growth guidance, revival in the project segment and brownfield expansions are positives, while competition from Morbi players remains a key downside risk

Kajaria, Kajaria Ceramics

MRPL ​notified buyers ​that it had withdrawn tenders to ​export diesel, jet fuel and reformate later this month, according to three company notices

MRPL, Mangalore refinery

JSW Cement will issue five shares for every 41 Shiva Cement shares held by public shareholders; the proposed merger is expected to be completed within 12-14 months

JSW Cement

India is a "prominent" market for Japanese imaging and printing solutions provider Canon that has "long-term growth ambitions" as it looks to tap rising demand in smaller cities, said its India President & CEO Toshiaki Nomura.
The company, which aims for 10,000 active resellers in India by 2027, has been recording double-digit growth across its core businesses. It is betting on rising demand from smaller cities, content creators, enterprises and government institutions to drive the next phase of growth in its printing business.
The expansion plan aims to improve product accessibility and strengthen Canon's presence across emerging markets.
"India is one of the focused markets globally for Canon, and we are constantly growing at double-digit rates every year," Nomura told PTI.
He said the company has posted double-digit growth in all its core products, from cameras and printers to multifunction devices and production machines, over the past few years, and aims to sustain that ...

Canon

The company, which aims for 10,000 active resellers in India by 2027, has been recording double-digit growth across its core businesses

Vedanta Ltd on Wednesday said that it has raised Rs 2,000 crore crore through issuance of non-convertible debentures on a private placement basis.
The fundraise is aimed at diversifying the company's funding mix and bolstering its balance sheet as it refinances existing debt. The company said in a regulatory filing that the non-convertible debentures(NCDs) will be unsecured, redeemable, rated and listed, with each debenture having a face value of Rs 1 lakh each.
"The duly constituted committee of directors of the company has approved the allotment of 2,00,000 ...denominated unsecured, redeemable, rated, listed non-convertible debentures of face value of Rs 1,00,000 each, aggregating to Rs 20,00,00,00,000 (Debentures) on a private placement basis," the filing said.
NCDs are fixed-term, fixed-income corporate debt instruments that raise capital without offering equity conversion options upon maturity. The company's net debt stood at Rs 8,299 crore as on June 30, 2026, Vedanta had ...

Vedanta

The fundraise is aimed at diversifying the company's funding mix and bolstering its balance sheet as it refinances existing debt

The Atlanta-based drinks giant has also added Axis Capital Ltd. and IIFL Capital Services Ltd. to the roster of banks working on the Hindustan Coca-Cola Beverages Pvt deal

coca cola

Bloomberg

Space-tech funding has surged as policy reforms, government-backed risk capital and access to Isro infrastructure allow private companies to move from development to commercial deployment

TakeMe2Space, SpaceX Falcon 9, orbital data centre, MOI constellation, Waymaker-2, RIDE Space, Nvidia Thor GPUs, OrbitLab, satellite computing, space technology

The edtech startup, backed by Accel and Prosus Ventures, plans to enter new states and CBSE while strengthening its AI research and vernacular-language capabilities

Arivihan founders in classroom

Nearly half of high-value electronics purchases are expected to use affordability options, while biometric authentication is seeing higher payment success rates

Gaurav Arora, V-P Payments & SuperCoins, Flipkart

IITM Unicorn Frontier Fund I has deployed nearly Rs 55 crore in four deep-tech startups and is targeting a final close by December 2026

IIT Madras, Unicorn India Ventures announce Rs 450 crore first close of Rs 1,000 crore fund

Chittilappilly, who has been managing director since 2012, will take on the additional role following the completion of Radha Unni's second and final term

Mithun K Chittilappilly appointed as Chairperson & Managing Director of V-Guard Industries

NX Group plans a dedicated semiconductor logistics facility in Gujarat in 2027 and will train its Indian workforce to handle sensitive chip equipment and materials

Katsuhito Kobayashi

Japanese logistics major plans a dedicated semiconductor facility in Gujarat in 2027 and will train its Indian staff to handle specialised chip logistics

Sunil Gupta, cofounder of QNu Labs, talks about why digital security is a sovereign need

Sunil Gupta, Cofounder, QNu Labs

Tata Hitachi MD Sandeep Singh said the company will rely on its dealer network, customer relationships, machine quality and resale value to compete with Chinese equipment makers

tata hitachi managing director sandeep singh said firm is targeting average revenue growth of 10% a year over the next 5 years

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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