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 National Company Law Appellate Tribunal (NCLAT) on Monday condoned the delay over a plea to initiate an insolvency petition filed against food & beverage major PepsiCo India Holdings by one of its operational creditors and directed to list for hearings before a bench.
The Registrar of the appellate tribunal has condoned the delay of six days in re-filing the Memo of Appeal against the orders of the Chandigarh bench of the National Company Law Tribunal, which had rejected SNJ Synthetics's plea.
Under the Insolvency and Bankruptcy Code (IBC), a person aggrieved by an NCLT order can challenge it before the appellate tribunal NCLAT by filing an appeal within 30 days from the date of receiving the NCLT order.
"Considering the submissions made on behalf of the appellant and for the reasons mentioned in the IA, which are sufficient, the delay of 06 days in re-filing the Memo of Appeal is hereby condoned. As prayed, list the case before the Bench under the heading for admission (fresh

PepsiCo, Pepsi

Under the Insolvency and Bankruptcy Code (IBC), a person aggrieved by an NCLT order can challenge it before the appellate tribunal NCLAT

IT services firm Wipro's revenue is likely to increase by about 4.5 per cent in FY26, mainly driven by favourable sectoral trends and recovery in discretionary customer spending, according to global rating agency Fitch.
The agency retained Wipro's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'A-' with a stable outlook.
"Fitch forecasts Wipro's revenue to increase by around 4.5 per cent in FY26 compared with a slight decline in FY25. We believe that the growth will be supported by a recovery in discretionary customer IT spending, particularly in the US, where customers will benefit from declining interest rates.
"We expect customers in Europe to remain under pressure in a weaker economic environment and to focus on cost optimisation and efficiency improvement. There are early signs of revenue recovery in 3Q FY25 with IT services revenue rising by 0.6 per cent year-on-year," the agency said in a statement.
Wipro will be able to maintain its solid market ...

Wipro

The agency retained Wipro's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'A-' with a stable outlook

Amazon Web Services plans to invest USD 8.2 billion in Maharashtra by 2029-30 to deploy latest and best compute facility and cloud management services, union minister Ashwini Vaishnaw said on Monday.
The minister said that Amazon Web Services (AWS) plans to significantly increase employment in India as well.
"The team of Amazon Web Services met today. They explained their entire plan of investing about USD 8.2 billion in Maharashtra in the coming few years going into 2029-30," Vaishnaw said.
He said AWS is very optimistic about growth in India.
"They are bringing the latest technologies, they are deploying the latest GPUs which is what they shared today. They are deploying some of the best compute facilities and cloud Management Services in India.
"Along with the investment, there will be significant growth in employment also. Amazon web services shared that they will be adding a significant number of jobs in India in the coming years," Vaishnaw said.

Ashwini Vaishnaw, Ashwini, Vaishnaw

The minister said that Amazon Web Services (AWS) plans to significantly increase employment in India as well

A senior BoI executive told Business Standard that RBI's draft norms propose that banks engaged in the same activity as NBFCs should reduce their stake

Indian banks never had it so good. The banks and the stakeholders like the government of India and the Reserve Bank of India (RBI) have worked assiduously in the last decade to ensure a stable, resilient and adequately capitalised banking system that

Leading the charge, Royal Enfield reported a 19 per cent increase in domestic sales, reaching 80,799 units compared to 67,222 units in February 2024

two wheeler bikes auto sales

Most organisations, he said, discover cyberattacks through external entities like a law enforcement agency or a security vendor despite significant investment in internal security controls and tools

artificial intelligence, AI, GenAI

The first will be an 80-key luxury Oberoi resort that will carry "Vilas" name, while second will be a distinctive 120-key five-star hotel under Trident branding, the company stated in a release

The much-anticipated provision of the deal value threshold (DVT) under the Competition Amendment Act 2023, notified on Monday, seeks to capture mergers and acquisitions (M&As) where the deal value exceeds Rs 2,000 crore or where the target company ha

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

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

Sohn speaks on the company's rationale behind investing in Cashfree, monetisation challenges in the Indian gaming segment and focus areas for 2025

Sean (Hyunil) Sohn, chief executive officer (CEO), Krafton India

While Shell is planning a major initiative to re-refine waste oil in its core business of lubricants, it is also adapting cutting-edge AI to enable efficiency and run complex energy simulations

Mansi Tripathy, Shell India chairman

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

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

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