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 defence technology firm plans to expand its footprint in autonomous strike systems, AI-enabled warfare solutions and drone manufacturing as military demand rises

Bodhisattwa Sanghapriya, founder and chief executive officer (CEO) of IG Defence

The company is exploring autonomous defence vehicles and logistics drones while targeting a larger share of overseas defence revenue and upcoming mobility tenders

President-Defence Business Amandeep Singh said Ashok Leyland is looking at Gulf Cooperation Council countries for expansion

The acquisition gives Meesho access to a platform serving over 4 million retailers and strengthens its presence in India's grocery and business-to-business commerce markets

Meesho

Reliance Power and Reliance Infrastructure have challenged Sebi's refusal to grant relief from restrictions linked to Anil Ambani, citing the impact on capital-raising plans

Securities Appellate Tribunal, SAT

The e-commerce company has appointed former leaders from Swiggy, Mastercard and Razorpay to bolster its artificial intelligence, data science, payments and engineering functions

(L-R) Goda Ramkumar as vice president, data science and AI solutions; Mohan Palisetti as vice president, fintech and payments engineering; and Nitesh Jain as distinguished architect

The Singapore High Court has stayed the committal and surrender provisions of a civil contempt order against Byju Raveendran pending appeal in an ongoing dispute

Byju Raveendran

Tata Consultancy Services on Friday launched India's first Oracle AI Data Platform Lab and Centre of Excellence (CoE) here to help enterprises accelerate adoption of artificial intelligence and data-driven transformation.
The facility at Delta Park Lords in Kolkata has been set up in collaboration with Oracle and will support customers in addressing challenges such as fragmented data systems, slow analytics cycles, limited AI scalability and operational inefficiencies, the IT major said.
TCS said the lab will leverage Oracle AI Data Platform, which combines Oracle Cloud Infrastructure, Oracle Autonomous AI Database and OCI Enterprise AI, to help organisations make enterprise data AI-ready and deploy AI-powered applications and automation at scale.
The IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years, a statement said.
"The facility is designed to accelerate the journey from 

IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years

The IndiaAI Mission-backed startup said Varya can generate video at a fraction of the cost of global models while better capturing Indian contexts and cultural diversity

artificial intelligence (AI)

Rekise Marine, the Indian marine robotics company engaged in building autonomous ships and submarines, has raised USD 9.7 million (about Rs 92 crore) in seed funding led by Accel and NKSquared, entrepreneur Nikhil Kamath's investment firm.
The round also saw participation from Sameer Brij Verma and Sandeep Singhal, Industrial47 and Singularity AMC, a slew of prominent corporate leaders, alongside the company's founders and several family offices, according to a release.
"Rekise Marine raises USD 9.7 million led by Accel and Nikhil Kamath to help build India's autonomous naval fleet," it added.
Founded by naval architect Maitrai Maka and created around the belief that autonomy would fundamentally reshape the maritime domain, Rekise develops autonomous surface and underwater vessels through a full-stack strategy that combines vessel design, systems integration and autonomy software developed in-house.
Its software platform powers vessels of every class, from small man-portable vessel

Rekise develops autonomous surface and underwater vessels through a full-stack strategy that combines vessel design, systems integration and autonomy software developed in-house | Image: LinkedIn

Marine robotics startup Rekise Marine has raised $9.7 million in a seed round led by Accel and Nikhil Kamath's NKSquared to expand autonomous naval platforms

The Series B round, co-led by Prosus Ventures and Tomales Bay Capital, will support the expansion of Equal AI's voice-based assistant and lifestyle services

Keshav Reddy, founder, Equal AI

The startup, founded by former Lyft self-driving executives, plans to expand its India engineering team as demand grows for AI-powered physical security solutions

Ashesh Jain, Co-Founder & CEO of Coram AI

Ekta Kapoor says short-form content may grab attention, but enduring entertainment businesses will be built on strong intellectual property and loyal audiences

Ekta Kapoor

Alvarez & Marsal executives Steve Wallace and Himanshu Bajaj discuss AI adoption, return on investment, ethical safeguards and growth opportunities across global markets

Alvarez & Marsal’s (A&M’s) Managing Director and Chief Operating Officer Steve Wallace, and the company’s India head and MD Himanshu Bajaj, who also leads A&M’s India global capability centre

Alvarez & Marsal's (A&M's) Managing Director and Chief Operating Officer Steve Wallace, and the company's India head and MD Himanshu Bajaj, who also leads A&M's India global capability centre

Bank of India expects up to $1 billion in FCNR-B inflows under RBI's special window, while maintaining strong credit growth and preparing for ECL norms

Rajneesh Karnatak, MD and CEO, Bank of India

Rajiv Bajaj has informed the company that he will not seek re-election at the annual general meeting (AGM) scheduled for July 31

rajiv bajaj baja auto ceo

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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