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

The government on Friday said it has issued allocation order for a coal mine in Odisha to Aditya Birla Group firm Hindalco Industries Ltd.
The government issued the vesting order for the Meenakshi coal mine that has a peak rating capacity of 12 million tonnes per annum (MTPA).
This follows the signing of the agreement for development and production of coal mine last month.
The Meenakshi coal mine, a fully explored block, has geological reserves of 285.23 million tonnes (MT).
The block is likely to generate an annual revenue of Rs 1,152.84 crore, based on its peak rated capacity (PRC), the coal ministry said in a statement.
With an estimated capital investment of Rs 1,800 crore, the mine will significantly augment domestic coal production and contribute to strengthening energy security, it said.
The development of the block is likely to provide employment to about 16,224 individuals, both directly and indirectly, contributing to the economic growth in the region.
"This initiative

Coal

With an estimated capital investment of Rs 1,800 crore, the mine will significantly augment domestic coal production and contribute to strengthening energy security

Wilson stated that the Group employs 30,000 people who help its two airlines fly over 60 million passengers annually to more than 100 destinations within India and internationally

Campbell Wilson, Campbell, Wilson, Air India CEO

Delivery of these boats will start from December 2026, and will continue till May 2028, the company said

Adani port, port, Port, Adani Group

Realty firm Max Estates Ltd on Friday said it has sold luxury residential properties worth Rs 845 crore in Noida amid strong demand.
In a regulatory filing, Max Estates said its subsidiary Max Estates 128 Pvt Ltd has successfully launched the second phase of its residential project 'Estate 128' in Noida.
"Building on the success of the first phase, the second phase has achieved a pre-sales booking value of Rs 845 crore within a week of its launch, and has surpassed the company's original guidance of Rs 800 crores as the booking value potential for this phase," Max Estates said.
The company did not disclose the number of units it has sold for Rs 845 crore and the price per apartment.
The project, combining both phases, now comprise four towers with 268 units, spanning 10 acres and a total booking value of about Rs 2,700 crore.
Max Estates said it has already achieved a booking value of about Rs 5,000 crore in the first nine months of 2024-25. This performance is well within the ...

Affluent buyers are considering buying their second home, driving the demand for such purchases to 41 per cent.

Premium properties, Luxury housing

The project, combining both phases, now comprise four towers with 268 units, spanning 10 acres and a total booking value of about Rs 2,700 crore

State-owned NBCC has bagged a Rs 300-crore contract to develop a commercial complex in Varanasi, Uttar Pradesh.
In a regulatory filing on Friday, the company said it has secured a Rs 300-crore order for "development of Jawaharlal Nehru Commercial Complex (JLNCC), Englishya Lines, Varanasi on self-sustainable model".
The company got the contract from Varanasi Development Authority.
NBCC secured another work order worth Rs 24.38 crore to construct Mehta Family School of Data Science and Artificial Intelligence including internal EI,C, firefighting, fire alarm, lifts, audio visual system, CCTV and BMS installation and development works at IIT Roorkee, Uttarakhand.
The company bagged another work order worth Rs 44.37 crore from Power Grid Corporation to construct and furnish 500-bed multi-storey "Vishram Sadan" at AIIMS Gorakhpur in Uttar Pradesh.
In total, NBCC said it has secured the work order in normal course of business amounting Rs 368.75 crore.
NBCC is into Project Management 

NBCC

In total, NBCC said it has secured the work order in normal course of business amounting Rs 368.75 crore

At present, Puri serves on the boards of industry-leading organisations, including Tata Sons, Hindustan Unilever, and Dr. Reddy's Laboratories, further demonstrating his extensive expertise

Leo Puri, Chairman, Apax India | Photo: HUL

Air India will see progress on various key initiatives, including refitting of wide body and narrow body planes, in 2025 as well as tighten practices and processes to ultimately become profitable, the airline's chief Campbell Wilson said on Friday.
After taking over the loss-making Air India from the government in January 2022, Tata Group has been working on an ambitious transformation plan to turn around the airline, which recently also placed orders for 100 more aircraft.
In his message to the staff on Friday, Wilson said 2024 saw the realisation of some of the most significant milestones, including the completion of the mergers of Air India Express and AirAsia India, and Vistara with Air India that "position us as the fourth largest business, by revenue, in the Tata group".
Air India group operates 300 aircraft across both brands, flying over 60 million customers annually to more than 100 destinations in India and around the world.
While describing 2024 as a transformative year 

Air India

Air India group operates 300 aircraft across both brands, flying over 60 million customers annually to more than 100 destinations in India and around the world

Other key investors in the round include Zerodha  co-founder Nikhil Kamath, film actor Suniel Shetty, industrialist Vinod Duggar and key investor Manish Patel

From Left to Right Ajinkya Rahane, Pulkit Ahuja & Manish Patel

CoRover develops human-centric conversational platforms driven by generative AI (Gen AI) technology, including chatbots, avatars, and voice bots, and has already gained over a billion users

Ankush Sabharwal Founder and CEO CoRover (middle) with the team.

Corover

In 2024, India's startup scene showcases a mix of triumphs and struggles, with innovative leaders like Zepto rising while giants like Byju's face significant challenges

India's technology startup ecosystem got six new unicorns in 2024: There were two last year. The new unicorns – startups reaching $1 billion valuation – specialise in lending, logistics, software and generative intelligence. Technology startups raise

Zomato's Sensex weightage stands at 2.77 per cent, ranking 12th among the 30 components, surpassing consumer giants like Hindustan Unilever, Maruti Suzuki, Asian Paints, and Nestle

Zomato

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

ANKUR BANSAL, co-founder and director of BlackSoil

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

Stephen Dainton, President of Barclays Bank PLC

This partnership allows us to access IOC's 37,000 retail outlets and 13,000 LPG distributors, and they have a very strong brand presence, he says

Chetan Maini, Chairman, Sun Mobility

On quick commerce, he says a pilot for 15-minute delivery is starting in Bengaluru this month

Amazon India head Samir Kumar

Debecker spoke about Cloud services and artificial intelligence and how Wipro is preparing to be an AI-powered firm

JO DEBECKER, managing partner and global head of Wipro FullStride Cloud

Jayabalan said the India GTDC is playing a crucial role for driving global innovations at the firm and the plan is to continue scaling up the centre both in terms of capacity and capabilities

Sreekanth Jayabalan, VP Transformation Officer and VP in charge of the Global Digital Technology Centre (GDTC),  at global consumer goods firm Kimberly-Clark

Agarwal expresses confidence of pick up in private capex and opportunities arising out of US president-elect Donald Trump's tariff war

Harsha Vardhan Agarwal, vice-president and managing director, Emami

We have unveiled our AI technology transformation strategy. And we have, in general, as a firm, been huge beneficiaries of using technology early, Rajeev Jain said

Rajeev Jain, MD, Bajaj Finance

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