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

This is Gilead's biggest deal since its $21 billion buyout of Immunomedics, giving it access to Trodelvy, an antibody-drug conjugate used to treat a type of advanced breast cancer

Gilead Sciences

Reuters

Hillhouse has acquired a minority stake in Quest Global, with a primary capital infusion and share purchase from existing investors to support the firm's engineering-focused growth strategy

Hillhouse,Hillhouse, hillhouse investment company

Radisson Hotel Group and MBD Group have entered a long-term partnership to develop 50 hotels under Radisson Collection and Radisson Red across key Indian destinations over the next decade

Radisson hotel

Realty firm Nexus Select Trust will acquire 50 per cent stake in an upcoming mall in Mumbai for Rs 434 crore as part of its expansion plan.
In a regulatory filing on Monday, Nexus Select Trust, a REIT sponsored by Blackstone, said it has entered into a tie-up for an under-construction development.
"The REIT has agreed to acquire a 50 per cent stake in the upcoming Nexus Runwal Gardens Mall in Dombivli, part of the Mumbai Metropolitan Region (MMR), to be operated in partnership with Runwal Enterprises," the filing said.
The proposed mall will span 7.4 lakh sq ft of gross leasing area.
Nexus Select Trust will acquire 50 per cent equity shareholding in the Garden City Malls Pvt Ltd, a wholly owned subsidiary of M/s. Runwal Residency Pvt Ltd.
"Purchase consideration of Rs 434 crore with an overall enterprise value of Rs 892 crore (includes estimated closing costs), subject to closing adjustments. Based on estimated 4,67,000 sq ft net leasable area," the filing said.
Nexus Select Trus

Nexus Select Trust

In a regulatory filing on Monday, Nexus Select Trust, a REIT sponsored by Blackstone, said it has entered into a tie-up for an under-construction development

Bharti Airtel and promoter group to contribute 70:30 into NBFC

Airtel

HSBC says Vodafone Idea's Rs 45,000 crore capex plan will not help it gain market share as Jio and Airtel outspend it significantly; tariff hikes and cash flow gains remain critical

Vodafone Idea (Vi)

Telecom major Bharti Airtel said on Monday it plans to inject ₹20,000 crore ($2.2 billion) into its financial arm over the next few years, marking a major push into digital lending

airtel bharti airtel

TryfactaConnex has signed an MoU with the Uttar Pradesh government to launch a large-scale India AI infrastructure platform, investing $7.7 bn to build a 1-GW hyperscale data centre campus

ai, artificial intelligence

Moderating valuations, US funding strength and lingering tax uncertainty are prompting SaaS and late-stage startups to delay plans to relocate headquarters back to India

startup funding, startups

Valuation reset, tax uncertainty slow their homecoming to India

The summit spotlight was recent, but Sarvam AI's rise began years earlier, as two engineers built an India-first AI startup focused on sovereign models, local datasets and real-world applications

Sarvam AI at India AI Impact Summit 2026.

IIT Madras-incubated startup to use NVIDIA Omniverse and IGX platforms to build a digital twin of its e200x aircraft, accelerating simulation, autonomy testing and DGCA certification

The ePlane, ePlane logo

Mid- to senior-level professionals drive surge in AI upskilling; platform partners with IIMs, IITs and OpenAI to expand agentic and generative AI programs

Anuj Vishwakarma, chief executive officer of higher education programs, upGrad

Martin, who was in India to attend the AI Impact Summit, also said the AI talent base in India was unparalleled

Meta’s Chief of Global Policy Kevin Martin

Meta's Chief of Global Policy Kevin Martin

India should build AI by playing to its strengths-developers, applications and sovereign use cases-rather than chasing the full stack at once, says Speciale Invest's Arjun Rao

Arjun Rao, general partner at Speciale Invest

Mastercard's chief privacy officer calls for principle-based, tech-neutral global AI rules to build trust, cut regulatory fragmentation and enable AI adoption at scale

Caroline Louveaux, chief privacy officer, Mastercard

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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