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

Taking cognisance of the Ansal Group case in Lucknow, Chief Minister Yogi Adityanath on Monday ordered immediate registration of an FIR against the company, and assured homebuyers their interests would be protected, according to an official statement.
This came after the National Company Law Appellate Tribunal (NCLAT) initiated insolvency proceedings against the company.
During a review meeting of the Housing and Urban Planning Department, the chief minister emphasised that Ansal Group's "fraudulent practices" against homebuyers will not be tolerated. He instructed officials to take strong action against all responsible officers of the company.
"To ensure justice for those affected, CM Adityanath directed that FIRs be filed in all districts where similar cases against the Ansal Group have surfaced, following the pattern observed in Lucknow," the statement said.
"Additionally, he instructed the formation of a committee comprising the Lucknow Development Authority (LDA) and aggrieved

Yogi Adityanath, yogi, UP CM

This came after the National Company Law Appellate Tribunal (NCLAT) initiated insolvency proceedings against the company

PayPal and HDFC Bank backed Mintoak has completed the acquisition of Digiledge, which specialises in CBDC and bill payments services

Paypal

This partnership goes beyond just developing aircraft - it aims to build an entire ecosystem

ePlane air Taxi with VertiVolt charger

Blackstone, an American private-equity firm, has backed off, citing a high valuation, according to bankers

Haldiram's

Maxwel Aircon India Private Limited, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company Law Tribunal

insolvency

The US president has imposed a 10 per cent tariff across all Chinese imports into the US and proposed a 25 per cent levy on most goods from Mexico and Canada

Pfizer

TSMC is the world's leader in production of advanced semiconductors used for artificial intelligence, and the investment would help bolster Trump's pledge to make the US dominant in AI

TSMC

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

Company scouts for fresh land in Chennai for bigger centre; mulls IPO

data centre

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

We are clearly seeing this macro trend play out over the last 15-20 years

Mahindra and Mahindra

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)

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

Sanjay Kukreja, Partner and CIO, ChrysCapital

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