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

On an annual basis, the company aims to reduce perishable waste in direct operations by 25 per cent and decrease adverse incidents by 10 per cent

Food and grocery delivery firm Swiggy has marginally narrowed its consolidated net loss in the second quarter of financial year 2025 (Q2FY25) to Rs 625.5 crore from Rs 657 crore a year ago. But sequentially, the loss was up as the firm had reported a

Sale proceeds for capital infusion in arm; sale likely in 3-6 months

Axis Bank, Axis

GLAS Trust Company LLC, the US-based lender of debt-ridden firm Byju's, on Wednesday moved insolvency appellate tribunal NCLAT seeking a stay over amendments in the Articles of Association (AoA) of Aakash Educational Services.
A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain issued notice to Aakash Educational Services, Resolution Professional of Think & Learn Pvt Ltd, which operates under Byju's brand.
The Chennai bench of the National Company Law Appellate Tribunal will hear the matter next week.
This new petition comes after private equity firm Blackstone-backed Singapore VII Topco on Monday withdrew its petition at the Bengaluru bench of NCLT against the amendment in the Articles of Association (AoA) of Aakash Educational Services.
During the proceedings of NCLAT, counsel appearing for Glas Trust contended the proposed amendments in AoA of Aakash would have an impact on the Corporate Insolvency Resolution Process (CIRP) going against Byju's.
In ..

Aakash Educational Services, Aakash

The Chennai bench of the National Company Law Appellate Tribunal will hear the matter next week

PB Fintech Ltd., the parent entity of insurance brokerage firm Policybazar, on Tuesday said it proposes to infuse Rs 696 crore in its subsidiary PB Healthcare Services Private Limited in the next financial year to grow its business.
The decision was taken by the Board of Directors of PB Fintech Ltd. in a meeting held on Tuesday.
The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during the financial year 2025-26, PB Fintech Ltd. said in a regulatory filing.
The said investment is, however, subject to the shareholder's approval through postal ballot and will be made along with other external investors in PB Healthcare Services Private Ltd., it said.
It further said that the capital infusion would be done to meet its general operating expenses and enhance brand awareness, offic

Financial services, especially payments and lending, are being embedded across many large consumer tech platforms to enhance customer experience. Companies are adding fintech capabilities to their incumbent services on the back of a high customer bas

The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited

The challenge of course for Starlink will be to price its product competitively against both Jio as well as Airtel in FWA and with Airtel in satellite broadband

Elon Musk, starlink

Seeks CEO probables' names soon; bank mcap slips Rs 19K cr

Indusind Bank

The acquisition is focused on acquiring the land and building of Darshita to expand TCS's delivery centre

TCS, Tata Consultancy Services

The company has about 750,000 users and was launched in 2021

Funding, Fund raising, Funding round

These two segments, however, focused on deals under $10 million, which accounted for 60-70 per cent of total deals in 2024

Venture Capital

New Delhi-based education provider, which started in 1988, is now ramping up its presence in smaller Indian towns, betting on the growing demand for quality coaching in Tier 3 and Tier 4 cities

Deepak Mehrotra, MD and CEO, Aakash Educational Services Limited (AESL)

The department had last week sought expressions of interest from interested entities for project funding under the PRIP scheme

pharma medicine drugs

Karine Allouche, general manager for enterprise at Coursera, highlighted that 95 per cent of Indian higher education leaders believe micro-credentials help create job-ready graduates

Karine Allouche,

Lim and Sood say they are bullish on infrastructure, consumer, technology, and healthcare sectors, and see opportunities in Indian despite global uncertainties

GIC CEO Lim Chow Kiat (left) with Pankaj Sood, head of India and Africa, PE | Picture: Company

Says nothing is too late in the media and entertainment industry. If you get the content right, the audience will follow

Punit Goenka, MD & CEO at Zee Entertainment Enterprises

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

Dish TV is focusing on expanding its revenue stream, said Manoj Dobhal

Manoj Dobhal, CEO, Dish TV

The Ordinance has excluded Reserve Bank of India (RBI)-regulated entities (REs) which are in this business

JIJI MAMMEN, ED&CEO, Sa-Dhan

'We have installations  of about 6 Gw in solar and 5 Gw in wind energy, and a pipeline of 15 Gw,' said Sumant Sinha, chairman and chief executive officer of ReNew

Sumant Sinha

"In India, we're witnessing distinctive travel trends, including spiritual and religious tourism" said Laura Houldsworth, MD & VP, APAC, Booking.com

Laura Houldsworth

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