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

Hyderabad-based Dr Reddy's has applied to trademark the Obeda brand and logo, a government filing showed

dr reddy's laboratory , dr reddy , drl pharma sector

Reuters

Fintech major BillDesk is set to buy Worldline India's payments arm in a deal pegged at $100-150 million, strengthening its aggregation and omnichannel merchant capabilities

Billdesk

Court rules Section 122(1A) of the CGST Act cannot be invoked against employees who are not taxable persons; bars retrospective application of the provision

Bombay High Court

South Eastern Coalfields Ltd (SECL), a subsidiary of Coal India Ltd, has identified seven mine dumps for potential extraction of rare earth elements, a top company official said.
SECL's initiative aligns with the government's push to unlock value from coal mine waste. Trace rare earth elements (REEs) have been detected in overburden dumps across major coalfields, potentially reducing import dependence.
SECL Chairman and Managing Director Harish Duhan said the tendering process for exploration has already begun, with plans to scientifically assess the dumps within the next year to pinpoint viable sites.
"Under the guidance from the ministry of coal, we have identified seven mine dumps for rare earth elements extraction. We have started the tendering process and within a year or so we will identify which area, which mine dumps, overburden carry rare earth elements," Duhan told PTI.
He added the company will conduct detailed scientific studies to determine the presence and economic ..

South Eastern Coalfields, SECL

SECL Chairman and MD Harish Duhan said the tendering process for exploration has already begun, with plans to scientifically assess the dumps within the next year to pinpoint viable sites

TCS CEO K Krithivasan says associates should adopt AI proactively and offer AI-first solutions to clients, even if it cannibalises existing revenue streams

Tata Consultancy Services, TCS

K Raheja-backed Mindspace Reit signs Chalet Hotels for a Rs 350 crore, 330-key luxury hotel at its Hyderabad campus, with completion targeted by Q4 FY28

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Chevron negotiated the Boscan crude cargo to Reliance this month, marking ​the first sale of the ‌heavy oil, ​which is ‌used in asphalt making, ‌in about six years

oil, reliance

General Catalyst leads Xflow's $16.6 mn Series A at an $85 mn valuation, as the fintech backed by Stripe and PayPal Ventures plans expansion after a breakout year

Xflow Co-founders_ Abhijit Chandrasekaran, Ananad Balaji, Ashwin Bhatnagar

TryfactaConnex has signed an MoU with the Uttar Pradesh government to launch a large-scale India AI infrastructure platform, investing $7.7 bn to build a 1-GW hyperscale data centre campus

ai, artificial intelligence

Moderating valuations, US funding strength and lingering tax uncertainty are prompting SaaS and late-stage startups to delay plans to relocate headquarters back to India

startup funding, startups

Valuation reset, tax uncertainty slow their homecoming to India

The summit spotlight was recent, but Sarvam AI's rise began years earlier, as two engineers built an India-first AI startup focused on sovereign models, local datasets and real-world applications

Sarvam AI at India AI Impact Summit 2026.

Steel industry veteran Jatinder Mehra, Vice Chairman at Essar's Metals & Mining Division and former RINL chief, passed away at 86, leaving behind a six-decade legacy in steel

Jatinder Mehra

FSIB has recommended Hitesh Joshi for the CMD post at GIC Re, marking the first selection process allowing private sector applicants; the final decision now moves to the Cabinet

GIC Re

Mid- to senior-level professionals drive surge in AI upskilling; platform partners with IIMs, IITs and OpenAI to expand agentic and generative AI programs

Anuj Vishwakarma, chief executive officer of higher education programs, upGrad

Martin, who was in India to attend the AI Impact Summit, also said the AI talent base in India was unparalleled

Meta’s Chief of Global Policy Kevin Martin

Meta's Chief of Global Policy Kevin Martin

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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