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

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

Danfoss Power Solutions, a global supplier of mobile and industrial hydraulics and electric powertrain systems, conducted a groundbreaking ceremony on Tuesday for the establishment of a state-of-the-art facility in Pune, with an investment of Rs 1,000 crore, the company said.
This strategic investment will double the company's manufacturing footprint in India, driving innovation and supporting sustainability initiatives.
The facility in Talegaon, Pune, will be Danfoss' seventh manufacturing unit in India.
The company currently has additional manufacturing facilities in Chennai, Mumbai, Vadodara, Bengaluru, and two other units in Pune.
Spread across 44 acres, the proposed facility in Talegaon will enhance Danfoss' production capacity for existing products, including pumps, motors, cylinders, and valves.
It will also manufacture new product lines to meet growing customer demand, the Chennai-based company said in a statement.
The Talegaon facility will strengthen Danfoss' ability to

Manufacturing sector

This strategic investment will double the company's manufacturing footprint in India, driving innovation and supporting sustainability initiatives

Nigam shared details about the company's major project, set for completion by mid-September

Shivendra Nigam, chief financial officer, Cantabil Retail India

He highlighted that the company is committed to increasing investments in EVs and advanced technology with a customer-centric approach

Jose Munoz, president and chief executive officer of Hyundai Motor Company

The edible oil major also said the 'Tops' brand is among the top three players in the tomato ketchup and pickles category

Adani Wilmar

FMCG firm Adani Wilmar Ltd on Tuesday announced the acquisition of GD Foods Manufacturing, which sells food products under the Tops brand.
Adani Wilmar sells edible oils and other food products under the Fortune brand.
In a regulatory filing, the company informed that it has signed a definitive agreement to acquire G D Foods Manufacturing (India) Private Limited.
The acquisition will be executed in multiple tranches, with 80 per cent of the shares to be acquired in the first tranche and the remaining 20 per cent over the next three years.
In FY24, GD Foods achieved a revenue of Rs 386 crore, growing at a three-year CAGR of 15 per cent, and recorded an EBITDA of Rs 32 crore.
Adani Wilmar said this acquisition offers a strategic advantage by expanding its portfolio with a broad range of value-added food products.
Founded in 1984, GD Foods' owned brand "Tops" has built a strong reputation as a household brand in North India over the last 40 years, offering high-quality products in .

In FY24, GD Foods achieved a revenue of Rs 386 crore, growing at a three-year CAGR of 15 per cent, and recorded an EBITDA of Rs 32 crore

Announced at Vishwas Diwas, PW's annual flagship event, Project Bharat aims to bridge language barriers, especially in rural and non-Hindi/English-speaking regions of the country

PhysicsWallah, PW, edtech

Typhoid and shigellosis remain serious public health threats, particularly in low-resource settings

Zydus Lifesciences, Zydus

Rezolv claims to simplify collections by centralising data and optimising workflows. It utilises AI analytics to improve recovery rates

startup funding investment

Indian startups raised a total of USD 1.65 billion (about Rs 14,418 crore) in funding at a median valuation of USD 83.2 million in February 2025, according to data from Traxcn.
This brings the total funding in FY25 (April-February) to USD 25.4 billion, spread across 2,200 rounds, the data showed.
The February figure marks a 19.5 per cent uptick from USD 1.38 billion in total funding in January 2025.
On a year-on-year basis, the total amount of fundraise was down from USD 2.06 billion secured in February 2024.
Entrepreneurs in the country's startup capital, Bengaluru, secured funding worth USD 353 million, with a median round size of USD 2 million.
Those in Mumbai grabbed total funding of USD 102 million but with a higher median round size of USD 5 million.
Fintech firm Oxyzo led the February funding pack, having raised USD 1 billion in conventional debt. It was followed by online B2B platform udaan, which closed a Series G equity funding round of USD 75 million, led by M&G ...

Unicorn startups

The February figure marks a 19.5 per cent uptick from $1.38 billion in total funding in January 2025

Think & Learn Pvt Ltd (Byju's) unlawfully orchestrated and benefited from a fraudulent scheme. Sham hedge fund Camshaft Capital facilitated the fraudulent scheme to defraud term loan lenders

gavel law cases

India's agriculture water technology sector requires investments of Rs 500-600 crore to achieve widespread adoption of smart irrigation solutions even as the country faces a deepening water crisis, according to the latest report.
The study by DCM Shriram on "The Investment Mismatch in AgWater" highlights that despite agriculture consuming the largest share of water resources while contributing 16 per cent to GDP and employing 55 per cent of the workforce, the sector struggles with efficiency and adequate funding.
India has between 70-100 active AgWaterTech startups, but many risk closure due to investment hurdles, according to the report.
"Limited data, long gestation periods, and the high proportion of small and marginal farmers make AgWaterTech less attractive to investors," it added.
Ajay S Shriram -- Chairman and Senior Managing Director, DCM Shriram and Director of DCM Shriram Foundation -- emphasised the severity of the situation, saying, "Water is the most critical resource 

agriculture

India has between 70-100 active AgWaterTech startups, but many risk closure due to investment hurdles, according to the report

The common thread is backing grounded founders who are hands-on and have a relentless focus on execution

Sanjay Kukreja, Partner and CIO, ChrysCapital

Credit score was never designed to be a consumer product, instead it was made for banks to be able to lend without having to worry about the customer's behaviour, Kunal Shah said

Kunal Shah, founder, Cred

Murray shared his insights on the country's growing commercial real estate sector

NEIL MURRAY, chief executive officer (CEO) of real estate management services at JLL

Hartsock spoke about her journey, flipping the firm's outsourcing ecosystem, and expanding its capacity centre

Jennifer Hartsock, executive vice president and chief information & digital officer, Cargill

Considering what we have in the Indian market, Volvo is very competitively placed. We are performing quite well in different segments, Malhotra said

Jyoti Malhotra, MD, Volvo Car India

We will take initiatives on Casa next financial year, says Ashok Chandra

Ashok Chandra, MD & CEO, Punjab National Bank

Dalmia said that the company is optimistic on the sector in the long-term, even as margins remain weak in the short-term

Puneet Dalmia, CEO & MD, Dalmia Bharat

Less than 15-25 per cent of all use cases going into production

HARRICK VIN, chief technology officer (CTO), Tata Consultancy Services (TCS)

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