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

Board members could back a third term for Tata Sons Chairman N Chandrasekaran. The support is believed to have been strengthened after the RBI directive

Tata Sons, bombay house, Tata group

Luminous Power Technologies plans to invest ₹2,000 crore over five years as it targets 3X growth through solar manufacturing, batteries and energy storage

Vivek Abrol, Luminous Power Technologies MD and CEO

Vivek Abrol

Lighter criminal touch, heavier governance burden for independent directors proposed in corporate law Bill

Corporate Laws Amendment

Jindal Steel has received recognition from the Guinness World Records for constructing the world's longest road using steel slag aggregates.
Steel slag is a waste by-product of the steel manufacturing process.
Jindal Steel Limited, in collaboration with CSIR-Central Road Research Institute (CSIR-CRRI), has achieved a Guinness World Records title for constructing the longest road built exclusively with processed steel slag aggregates at Raigarh in Chhattisgarh, a company statement said Saturday.
Around 2 lakh tonnes of processed steel slag has been used to build the 1.85-km four-lane road, replacing natural aggregates and reducing dependence on quarrying.
Naveen Jindal, Chairman, Jindal Steel Limited, said: "The achievement shows how science, technology and industry can transform industrial co-products into valuable resources for nation-building."
India's growth must be powered by innovation that creates economic value while protecting the environment. Waste-to-wealth is one of the

Jindal Steel LOgo

Steel slag is a waste by-product of the steel manufacturing process

The group is betting on telematics, connected-vehicle platforms, government-service digitisation and road-safety solutions to drive growth

Rosemerta Group, Rosmerta Technologies Limited

Diversified conglomerate ITC expects consumer spending on its flagship food brand Aashirvaad to double to Rs 20,000 crore over the next five years, from around Rs 10,000 crore currently, as it expands into newer food categories and adjacent segments, a senior company official said.
The company is amplifying Aashirvaad's play with a two-pronged strategy for the brand -- strengthening its core atta (wheat flour) business while expanding into adjacent categories such as ready-to-cook foods and frozen snacks, said Hemant Malik, Chief Executive Officer, Foods Division, and Executive Director, ITC Ltd.
Aashirvaad started its journey in May 2002 as a whole wheat atta brand and has since grown into one of the country's most trusted kitchen brands, with a portfolio of more than 200 SKUs (stock-keeping units).
ITC, which aspires to become India's leading FMCG player, has expanded Aashirvaad beyond wheat flour into staples, spices and fresh foods, and even the frozen category, now has consumer

ITC limited

ITC expects consumer spending on Aashirvaad to double to ₹20,000 crore in five years as it expands beyond atta into ready-to-cook foods, frozen snacks and other categories

Agri-inputs maker SML Ltd, formerly known as Sulphur India Limited, is evaluating a stock market listing within the next two to three years as it looks to fund the development of new chemical entities (NCEs), Managing Director Bimal Shah said.
"We have not completely decided - we are also evaluating it," Shah said in an interview to PTI, adding that the debt-free company expects greater clarity on the timeline within the next one to two years.
Mumbai-based SML Ltd said it is among a handful of Indian companies developing NCEs - proprietary new molecules rather than generic formulations - with one new molecule expected to reach the market soon and others in the pipeline.
"We are working on NCEs, new chemical entity in the last three years. We have a new molecule coming up very soon. ... NCE is a very important focus for us. Of course, this requires a lot of investment," he said.
Bringing a single NCE to market can cost USD 70 million-USD 80 million, Shah said, and the company has so

Initial public offerings (IPOs)

SML is evaluating a stock market listing in the next two to three years to fund costly new chemical entities, while expanding its crop nutrition and protection businesses

Brics members back greater startup cooperation through a proposed innovation fund, incubator network and virtual platform for youth-led startups under the New Delhi Declaration

Prime Minister Narendra Modi, center speaks during the BRICS summit in New Delhi,

Prime Minister Narendra Modi during Brics Summit 2026.

The two-day exposition seeks to facilitate investment discussions, technology partnerships, business linkages and international market access for Indian startups

BRICS Summit, BRICS, BRICS 2026

The Hosur facility will initially produce 250,000 electric two-wheelers annually and can scale to 500,000 units as the company targets India's growing mass-market EV segment

Ultraviolette unveiled its first mass-market electric scooter, the Tesseract

Reuters

Razorpay CEO Harshil Mathur said AI could lower personalisation costs and help startups target niches such as Gen Z payments, HNI wealth management and multilingual platforms.

Harshil Mathur, CEO & CoFounder Razorpay

Order of preference in which two names are submitted to RBI is critical

Deputy MD Kaizad Bharucha (left), whose name is doing the rounds for the position of MD & CEO. Meanwhile, the bank’s Chief Credit Officer Jimmy Tata has been elevated as whole-time director

Deputy MD Kaizad Bharucha (left), whose name is doing the rounds for the position of MD & CEO. Meanwhile, the bank's Chief Credit Officer Jimmy Tata has been elevated as whole-time director

Global capex supercycle could put India at the centre of a new industrial buildout

Ravi Dharamshi, founder and CIO, ValueQuest

Cedrik Neike talks about impact of AI on manufacturing, Physical AI and jobs

Cedrik Neike, managing board member and CEO Digital Industries

FSSAI CEO Rajit Punhani says food companies must comply with regulations and ensure labels accurately reflect products, as consumer complaints and state enforcement rise

image

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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