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

Retail investors bid for only 69% of the shares reserved for them, even as institutional interest prompted the government to increase the offer size

LIC, Life Insurance Corporation

Bloomberg

The US Food and Drug Administration (USFDA) has issued a warning letter to home-grown FMCG major Dabur India citing significant violations of current good manufacturing practices (CGMP) at its pharmaceutical manufacturing facility in Silvassa.
The warning letter follows an inspection conducted by the US health regulator at the company's facility in Silvassa, Dadra and Nagar Haveli and Daman and Diu, from January to December 16, 2026.
USDFA, in its letter dated July 24, 2027, to Dabur India CEO Mohit Malhotra, has pointed out data integrity lapses, inadequate quality oversight and deficient manufacturing controls.
According to the USFDA, the facility's methods, controls and manufacturing practices did not conform to CGMP requirements, resulting in the products being considered "adulterated" under the US Federal Food, Drug and Cosmetic Act.
Among the most serious findings, the USFDA said its investigator discovered that an equipment usage logbook provided by the company for a ...

Dabur

The warning letter follows an inspection conducted by the US health regulator at the company's facility in Silvassa, Dadra and Nagar Haveli and Daman and Diu

Alphabet named Demis Hassabis its chief scientist while several senior Gemini leaders, including Jeff Dean, left to launch a new AI startup.

Google DeepMind CEO Demis Hassabis

Reuters

The IT services company will manage end-to-end IT operations across Metsä Group's global business, including cloud, applications, workplace services and service desk support.

Infosys

Telecom firm Bharti Airtel sees potential for raising tariffs on plans that offer unlimited data at lower price points, a senior company official said on Wednesday.
During the earnings call for the first quarter, Bharti Airtel Executive Vice Chairman Gopal Vittal said the company will step up investments in Africa, from where business contribution in overall business is set to rise as well.
Bharti Airtel reported a 37.3 per cent increase in profit after tax to Rs 8,167 crore in the June quarter, driven by strong growth across India and Africa operations.
The revenue from operations during the quarter increased 18.3 per cent to Rs 58,539 crore from Rs 49,462.6 crore in the June quarter a year ago.
In response to a question if Bharti Airtel needs to hike tariff given that it is recording a healthy growth, Vittal said when the company talks about tariff repair, it is actually about the architecture of mobile plans in place.
"Which means that for a very low level of pricing, you get .

bharti airtel

Telecom firm Bharti Airtel sees potential for raising tariffs on plans that offer unlimited data at lower price points, a senior company official said on Wednesday.

Bharti Airtel says India's telecom sector must overhaul data pricing, warning that sustainable ARPU growth depends on higher-paying heavy data users, not entry-level tariff hikes

Bharti Airtel Managing Director and Vice-Chairman (MD & VC) Gopal Vittal said.

The public sector lender plans to strengthen its presence in Delhi and Mumbai while relying on MSME growth and financial inclusion to achieve its long-term business target

Indian bank

NSRCEL plans specialised sector centres and AI-enabled learning tools to expand its entrepreneur network from around 238,000 to more than one million

IIM BANGALORE

The venture capital firm has secured Rs 300 crore in commitments and plans to back 21-22 engineering-led fintech and deep-tech companies at the Series A and select Series B stages

Ajay Modi, director Piper Serica

The latest funding round will value Sarvam AI at around $1.51 billion post-money, bringing its total funding to nearly $349 million.

AI, artificial intelligence

Profound helps users find career opportunities, make introductions and connect with employers

(L-R) Anuj Rathi, Co-Founder and CEO and Prashant Parashar, Co-Founder and CTO, Profound

Maruti Suzuki Chairman R C Bhargava questioned the relevance of mandatory vehicle-to-vehicle communication norms, saying India's diverse driving conditions require differentiated standards

R C Bhargava Chairman, Maruti Suzuki

Birla outlines objectives for VI: Execute network investments, strengthen market competitiveness and grow customers and earnings

Kumar Mangalam Birla, Chairman of Aditya Birla Group (Photo: Kamlesh Pednekar)

Anand Mahindra says old career templates no longer hold as jobs appear and disappear rapidly

Anand Mahindra Chairman, Mahindra Group

Sony Pictures Networks India is shifting from a television network to a broader entertainment company with OTT, sports and regional content driving growth

Gaurav Banerjee  MD& CEO, Sony Pictures Networks India

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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