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

New CEO Vinay Tonse outlines a four-pillar strategy centred on people, products, processes and technology to drive growth and strengthen YES Bank's operations

YES BANK

The development, overall, signals Nykaa's continued focus on expanding its portfolio of in-house and partnered brands, particularly in the fast-growing beauty and personal care segment

fsn e-commerce nykaa

Developer reports marginal dip in annual pre-sales, but Q4 bookings surge on new launches, with strong pipeline and steady collections supporting growth outlook

Max Estates

Hyatt signs deal with Brigade Group to develop 135 serviced apartments in Devanahalli, targeting business and leisure travellers near Bengaluru airport and tech corridor

hyatt

Eight-year deal with Singapore's Olam Group boosts revenue visibility and AI-led capabilities, alongside $375 million acquisition of IT arm Mindsprint

Wipro had issued letter of intent to graduates in May  last year, confirming their selection

BMW Group India leads quarterly registrations over Mercedes-Benz as luxury car demand plateaus, with EV segment growth providing a limited boost

BMW, BMW Logo

The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February.
The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well.
After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement Directorate (ED), the apex court issued an order on March 23.
"...the losses in the other cases also come to several thousands of crores, totalling claims of approximately Rs 73,006 crore," the apex court order said, referring to the CBI probe.
A response from the Reliance Group to a query sent by PTI regarding this development is awaited.
The ED told the court that it seized certain documents that speak about a purported "Project Help", indicating that insolvency proceedings were "deliberately" starte

ED links Anil Ambani firms to loan diversion; summons him August 5

Anil Ambani

After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement Directorate (ED), the apex court issued an order on March 23

Investment platform JITO Incubation and Innovation Foundation on Monday said it plans to invest Rs 80-100 crore in early-stage startups in the next 12-18 months.
The platform has invested over Rs 150 crore across more than 100 pre-seed and seed-stage startups over the past two years, and reported over 15 exits during the period.
"Over the next 1218 months, the platform plans to invest approximately Rs 80100 crore, with an aim to back 2025 startups annually. Its investment ticket size currently ranges between Rs 1.5 crore and Rs 2 crore, depending on stage and sector," JIIF said in a statement.
The platform has also made a Rs 26.5-crore investment in Mumbai-based Atomic Capital. The move allows JIIF to participate in a wider set of investment opportunities beyond direct startup investments.
JIIF further said that it plans to launch an accelerator programme focused on the Asia-Pacific region, covering India, the Middle East and Southeast Asia, where the programme will target early-st

Investment Fraud

The platform has invested over ₹150 crore across more than 100 pre-seed and seed-stage startups over the past two years, and reported over 15 exits during the period

Semiconductor firm Tessolve on Monday announced the appointment of Ravi Kumar Chirugudu as President and Chief Operating Officer (COO), effective immediately.
With over 35 years of experience, Chirugudu has held senior leadership roles at HCL Technologies, Altran and Wipro.
In his new role, Ravi will lead Tessolve's growth strategy by broadening its global engineering capabilities, strengthening customer relationships and speeding up innovation across semiconductor and high-performance computing, Tessolve said in a statement.
"As global semiconductor demand continues to accelerate across industries, it is creating significant opportunities across the semiconductor lifecycle-from Design, Packaging, Validation and Systems integration.
"Ravi's deep knowledge and leadership in this ecosystem brings the right mix of industry expertise, customer connect and execution capability, which will play a key role in strengthening our position as a trusted global engineering partner and reinforci

Tessolve

In his new role, Ravi will lead Tessolve's growth strategy by broadening its global engineering capabilities, strengthening customer relationships and speeding up innovation

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

Titan sees early wedding buying amid softer gold prices, with half of customers opting for old jewellery exchange as demand remains resilient despite elevated rates

Arun Narayan, CEO, Titan Jewellery

IDfy's Ashok Hariharan says privacy must move beyond checkbox consent, with firms embedding accountability, governance and breach readiness into everyday operations

Ashok Hariharan, founder of IDfy

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

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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