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

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Spicejet

BharatPe founder Shashvat Nakrani will step back from day-to-day operations from May 1, transitioning to a strategic advisor role while retaining board position

Photo: @NakraniShashvat

Tata Sons chairman N Chandrasekaran reaffirmed a zero-tolerance policy on misconduct after sexual harassment allegations at TCS Nashik, with action initiated

N Chandrasekaran

UltraTech Cement has phased out legacy South Indian brands Sankar, Coromandel, and Raasi after acquiring India Cements, as part of a strategy to unify branding and improve quality

UltraTech

Nadir Godrej will retire as chairman of Godrej Industries Group in August, with Pirojsha Godrej set to take over as chairperson amid broader leadership changes

Pirojsha Godrej, Chairman, Godrej Properties

Co-location data centres allow customers to house their own servers, with the operators ‌providing power, cooling, security and network connectivity

India real estate price hike 2026, realty developers margin pressure India, construction cost increase steel prices India, West Asia conflict impact housing sector, Mumbai real estate cost escalation, Delhi NCR housing prices outlook, supply chain di

Reuters

Global markets have been roiled by the Iran war as rising crude oil prices fan inflation fears and exacerbate worries about a recession

Goldman Sachs

The Rs 10,000 crore Fund of Funds 2.0 for startups will have an expanded scope, with the corpus divided into four segments, including dedicated support for deep-tech and manufacturing startups, according to a DPIIT notification.
The second tranche of Fund of Funds was approved by the Cabinet in February. It is aimed at mobilising venture capital (VC) and support deep tech, tech-driven innovative manufacturing startups, and early-growth stage enterprises.
The FoF 2.0 has been designed to continue the momentum of investments in startups, with an expanded scope over Fund of Funds Scheme (FFS 1.0).
"Startup India Fund of Funds 2.0 will have an expanded scope with segmented approach to target key segments for real innovation," the notification by Department for Promotion of Industry and Internal Trade (DPIIT) said.
The scheme will contribute to the corpus of SEBI-registered Alternative Investment Funds (AIFs) for investing in equity and equity-linked instruments of entities recognised a

venture capital, Deep tech

The FoF 2.0 has been designed to continue the momentum of investments in startups, with an expanded scope over Fund of Funds Scheme (FFS 1.0)

MU Ventures to invest up to Rs 50 lakh per founder across four tracks, targeting young entrepreneurs and early-stage startups with faster funding decisions

investment, funds, funding

After the fresh funding round, the founder will hold an 86 per cent stake in the company

TrEV Mobility

In addition, more than half expect to double their spend, reflecting a strong and growing conviction in AI's role in driving future growth

tech startups

Myntra has appointed Sharon Pais as its new head as Flipkart accelerates plans for a 2027 IPO, with focus on quick commerce, AI and Gen Z-driven growth

Sharon Pais

Krithivasan discusses growth prospects for FY27, the perceived threat from artificial intelligence tools, and hiring trends

K Krithivasan, managing director and CEO, Tata Consultancy Services (TCS)

RMZ Group plans $35 billion investment across data centres, AI infrastructure and real estate, while exploring IPO to fund long-term growth

Manoj Menda, Chairman of the Supervisory Board, RMZ Group

GitHub says AI agents are redefining software development, enabling developers to build, test and deploy faster as India emerges as its second-largest hub

Kyle Daigle, chief operating officer, GitHub

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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