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 deal is significant at a time when large IT services players have noted that deal sizes from clients are getting smaller with shorter time frames

Coforge

The company in India saw its revenues in the fourth quarter (Q4) of 2024 hit Euro 463 million, up by 22 per cent from Euro 379 million in Q4 of 2023

Nokia Country Head Tarun Chhabra

India has committed to setting up 500 GW of non-fossil fuel electricity generation capacity by 2030, but is still falling short of its previously set target to add 175 GW by 2022

ONGC

Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August.
The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in mid-March.
"Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company said.
The company remains steadfast in its commitment to recognising the hard work and dedication of its associates through merit increases and bonuses, it added.

Cognizant, Cognizant Technologies

The company remains steadfast in its commitment to recognising the hard work and dedication of its associates through merit increases and bonuses, it added

Fair trade regulator CCI on Tuesday granted clearance to US-based private equity firm TPG's proposal to acquire a stake in Schott Poonawalla from billionaire Adar Poonawalla-led Serum Institute of India.
Schott Poonawalla is engaged in the business of designing and manufacturing primary packaging solutions for pharmaceutical and biotech industries.
"The proposed combination involves the acquisition by TPG Scion SG Pte Ltd of certain shareholding in SPPL (Schott Poonawalla Pvt Ltd) by way of a secondary purchase from Serum Institute of India Pvt Ltd," CCI said in a release.
Mumbai-headquartered Schott Poonawala is a 50:50 joint venture between Serum Institute of India and SCHOTT Pharma AG & Co, which is part of German speciality glass firm SCHOTT AG.
TPG Scion SG is a special-purpose investment vehicle and an affiliate of the TPG Group, which is a global diversified investment firm founded in 1992.
In a separate release, the Competition Commission of India (CCI) on Tuesday approved

Schott Poonawalla is engaged in the business of designing and manufacturing primary packaging solutions for pharmaceutical and biotech industries

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

In terms of deal volume, consumer startups saw the highest number of funding rounds (92), ahead of high-tech (70) and retail (61)

startup funding investment

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

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

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

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

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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