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

Operations stalled since April 2 at ABOCP mine in Dhanbad as BCCL alleges illegal disruption by local persons and files FIR; production and dispatch activities remain halted

Coal, Coal India

Premium motorcycle maker Classic Legends, owner of iconic brands Yezdi, Jawa and BSA, is embarking on a portfolio expansion with plans to introduce new bikes in the scrambler segment to carry forward its growth momentum.
The company, which had broken into the top ten two-wheeler makers in the country by sales by volume in February this year, is seeking to consolidate its legacy of being a leader in scrambler bikes -- built for off-road and street use.
It is preparing to introduce new motorcycles in the scrambler segment as part of its upcoming portfolio expansion, people aware of the development said.
When contacted about the scrambler launch, Classic Legends Co-founder Anupam Thareja said, "The company has seen strong rider response over the past year and will continue to strengthen its portfolio with authentic classic formats."
Without elaborating details, he said, "Customers make an emotional choice when they buy our motorcycles, and we take that seriously. Our approach has been

Yezdi

The company, which had broken into the top ten two-wheeler makers in the country by sales by volume in February this year, is seeking to consolidate its legacy of being a leader in scrambler bikes

State-owned India Infrastructure Finance Company Ltd (IIFCL) is aiming to double its exposure in Infrastructure Investment Trusts (InvITs) to Rs 6,000 crore during the ongoing fiscal year as part of its investment diversification strategy.
IIFCL has exposure of Rs 3,000 crore across nine InvITs as of March 31, 2026.
"We hope to double our investment in InvITs during the current financial year. It should reach Rs 6,000 crore by the end of March 2027," IIFCL MD Rohit Rishi told PTI.
Highlighting the importance of the infrastructure sector, he said, it is going to play a central role in sustaining the country's long-term economic growth and achieving the goal of Viksit Bharat by 2047.
Rishi emphasised India's resilience amid global uncertainties and underscored the central role of infrastructure in sustaining long-term economic growth.
The expanding opportunities across transport, urban infrastructure, and clean energy is being supported by a strong policy push and a robust pipeline 

Rupee

"We hope to double our investment in InvITs during the current financial year. It should reach ₹6,000 crore by the end of March 2027," IIFCL MD said

Growth driven by domestic expansion and global push as dairy major enters Europe and US markets while strengthening its cooperative model

Amul

Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said.
The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security.
Officials said the crude oil produced in the Baghewala field in Jaisalmer is transported by tankers to Oil and Natural Gas Corporation (ONGC) facilities in Mehsana, Gujarat, from where it is sent via pipeline to the Koyali refinery operated by Indian Oil Corporation Ltd (IOCL).
In the financial year 2025-26, Oil India's Rajasthan field recorded an annual production of 43,773 metric tonnes of crude oil, up from 32,787 metric tonnes in the previous year, reflecting strong growth driven by technological advancements

Oil india

The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output

State-owned Hindustan Copper Ltd is pursuing Navratna status, with its Chairman and Managing Director Sanjiv Kumar Singh emphasising the milestone as a testament to the company's improved operations, organisational excellence and strategic growth.
This comes amid Hindustan Copper's aggressive expansion plans in mining operations. It operates the country's sole vertically integrated refined copper facility, handling exploration, mining, beneficiation, smelting, refining, and casting operations.
"We also remain steadfast in our pursuit of attaining Navratna status, which reflects not only our enhanced operational performance but also organisational excellence and strategic maturity. This aspiration continues to motivate us to raise our standards and push the boundaries of performance," the company's Chairman and Managing Director (CMD) said in a recent letter to his employees.
Navratna status, granted by the Department of Public Enterprises to top-performing public sector enterprises,

Hindustan Copper Ltd

Navratna status, granted by the Department of Public Enterprises to top-performing public sector enterprises, offers greater financial and operational autonomy

State-owned Coal India Ltd plans to offer 25.62 million tonnes of coal through online auction in the current month, a move expected to mitigate the impact of energy supply shocks on industries amid the West Asia crisis.
The disruptions in LNG, LPG and crude oil supplies from the Middle East have increased demand for coal, driving up its import prices.
Coal India had offered 32.532 million tonnes of coal through e-auction in March against 20.5 million tonnes in February this year.
The state-run coal producer plans to offer coal through the Single Window Mode Agnostic (SWMA) auction. SWMA auction is a unified, simplified e-auction system launched in 2022 to consolidate multiple existing auction windows (Spot, Special Spot, Forward) into a single platform, making coal procurement easier, more transparent, and market-driven for all buyers.
According to Coal India Ltd's SWMA auction calender, Coal India subsidiary Western Coalfields Ltd (WCL) plans to put on offer 2 million tonnes (MT),

Coal India, Coal sector

The disruptions in LNG, LPG and crude oil supplies from the West Asia have increased demand for coal, driving up its import prices

Magicpin invests $1M in AI-powered Vera to help small retailers boost visibility, automate marketing, and drive sales with real-time insights and digital tools

Anshoo Sharma, Magicpin co-founder and CEO

Fidelity cuts Gupshup's implied valuation to $280-300 million from $1.4 billion, reflecting steep markdown amid slowdown and business challenges

GupShup

E-commerce and quick commerce platforms are using artificial intelligence to improve product data quality, reduce returns, and ease rising logistics costs amid growing customer expectations

e-commerce, e-com, qcom

German firm Giesecke+Devrient plans to scale passkey-based biometric authentication in India, partnering with banks and card networks to boost trust and improve transaction success rates

Tapesh Bhatnagar, head of Digital Solutions at Giesecke+Devrient

Lentra names former TransUnion CIBIL chief Rajesh Rathanchand as CEO to drive growth and strengthen credit risk and analytics capabilities

Lentra, which works with banks and non-banking financial companies (NBFCs), offers an end-to-end platform covering retail, business, and agri lending

Backed by International Holding Company, Samman Capital aims to transform into a diversified NBFC and enter India's top three by AUM by FY29

Gagan Banga, Managing Director and CEO of Sammaan Capital

As West Asia tensions strain energy supplies, industry backs bio-isobutanol blending in diesel to boost energy security without affecting mileage, using existing distilleries with minimal investment

Dilip Patil, co-chairman, Sugar Bioenergy Forum and Indian Federation of Green Energy

HFCL plans ₹800-900 crore expansion in fibre and defence as data centre demand surges, while navigating supply risks and boosting exports

Mahendra Nahata, Founder and Managing Director, HFCL

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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