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

Shapoorji Pallonji Group seeks to delay ₹14,300 crore debt repayment amid refinancing challenges and market volatility linked to its Tata Sons stake

Shapoorji Pallonji Group Chairman Shapoor Mistry

Bloomberg

The Instagram-owner's global net ad revenues are expected to reach $243.46 billion in 2026, ahead of Google's projected $239.54 billion, the market research firm said

Reuters

IBC amendments introduce a creditor-led fast-track insolvency route, tighten timelines and reduce procedural bottlenecks to improve recoveries and speed up resolutions

Only way out for the CIC is to get de-registered as an NBFC

Tata Sons likely to stay upper-layer NBFC under new norms, say experts

Sloan has invested in Essel Bath Fittings to strengthen its India presence, expand manufacturing and tap rising demand for water-efficient plumbing solutions

Foreign direct investment

Ola Electric has launched the S1 X+ scooter with a 5.2 kWh battery, aiming to expand reach in the mass market amid declining market share and rising competition

Ola Electric, OLA

US-based appliance maker SharkNinja has entered India with select products and plans local manufacturing, aiming to tap growing demand across online and offline channels

Mrunmay Mehta, managing director and country head - India, SharkNinja

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

IBM's Hans Dekkers says enterprise AI adoption hinges on data control, hybrid cloud strategies, and domain-specific models, with digital sovereignty defined by autonomy, not just data localisation

Hans Dekkers, general manager, IBM Asia-Pacific

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

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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