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

Press Trust of India

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

Business Standard

SMBC's 24.9 per cent stake brings strategic value through enhanced corporate banking capabilities, governance practices, risk management and cross-border opportunities

Yes Bank

Bagmane Prime Office Reit plans to nearly double its portfolio in seven to eight years, backed by a 47.2-msf sponsor pipeline and strong GCC-led office demand.

real estate construction building

The CBI has registered a case against Gensol Engineering Ltd and the founders of BluSmart EV taxi service,  Anmol Singh Jaggi and Puneet Singh Jaggi, over causing alleged loss of over Rs 672 crore to IREDA, officials said Wednesday.
The action comes on a complaint filed by The Indian Renewable Development Agency (IREDA), which had alleged that it extended loans to Gensol Engineering Limited and its subsidiary, Gensol EV Lease Limited, for procuring Electric Vehicles for the BluSmart EV ride-hailing service, the FIR said.
No immediate reaction was available from the companies or other accused persons.
It alleged that funds were misappropriated and diverted for purposes other than those they were sanctioned for, resulting in a loss of Rs 453.77 crore on account of Gensol Engineering Limited and Rs 218.97 crore on account of Gensol EV Lease Limited, excluding interest and other applicable charges.
Based on the complaint, the CBI registered a case against Gensol Engineering and its ...

68 personnel at CBI Mumbai office test positive for COVID-19

Based on the complaint, the CBI registered a case against Gensol Engineering and its subsidiary and BluSmart EV founders under Bharatiya Nyaya Sanhita sections

Amazon India has expanded its operations on the Western Dedicated Freight Corridor in collaboration with Dedicated Freight Corridor Corporation of India Ltd, a railway ministry PSU, with the flagging off of the train at New Dadri Railway Station on Tuesday, according to the company.
This makes Amazon the first e-commerce company to operate on the inaugural Joint Parcel Product-Rapid Cargo Service (JPP-RCS) train on the WDFC.
The daily rail movement will connect Amazon's northern and western network, with over 10 Van Parcels (VPs) operating on the route. This will shift the movement of shipments from surface transportation to rail, further strengthening multimodality while enabling more reliable and sustainable transportation.
The corridor will connect Amazon's network across key regions including Delhi, Ahmedabad and Surat, with onward connectivity to Pune, Mumbai and Goa, supporting the movement of shipments ahead of the festive season, it said.
The expansion strengthens the role

Amazon

This makes Amazon the first e-commerce company to operate on the inaugural Joint Parcel Product-Rapid Cargo Service (JPP-RCS) train on the WDFC.

Google may purchase up to nearly 59 million Marvell shares at a price of $206.58 apiece, Marvell said Wednesday in a regulatory filing.

google, google logo

The project covers 11,241.7 square metres across seven plots and involves redevelopment of nine existing buildings housing 133 members within 60 months

Mahindra Lifespaces

Parandekar joins from Alpha Alternatives and will spearhead the developer's next phase of growth, business expansion, operational excellence and institutional strengthening

Kolte-Patil Developers, Hrishikesh Parandekar, KPDL CEO, Blackstone, real estate, Alpha Alternatives, Mumbai real estate, Pune real estate

The transaction is subject to regulatory approvals, including a CCI nod, and comes as the Bengaluru-based fintech prepares for a potential initial public offering

Fintech

Zilo, Knot and NewMe are adding thousands of styles, expanding fulfilment capacity and tapping physical stores as weddings, festivals, travel and gifting drive demand

Quick commerce, Quick commerce festive discounts, Quick commerce holi price war, Blinkit, Zepto, Swiggy Instamart, Flipkart Minutes

There is a paradigm shift happening in the cybersecurity domain as entry barriers for attacks have reduced because of artificial intelligence, says 63SATS Cybertech's joint MD & joint CEO

Srinivas L, joint managing director and chief executive officer at 63SATS Cybertech

Ati Robotics plans a US manufacturing plant, while Addverb and Novus Hi-Tech are developing physical AI robots for industrial and defence applications and exports.

Robodog, quadruped robot, robot

On a visit to New Delhi this week, Check Point Software's chief executive officer Nadav Zafrir spoke to Udisha Srivastav and Nivedita Mookerji on the company's plans for India

Check Point Software Technologies' chief executive officer Nadav Zafrir

Sinha's three-year term to begin on Oct 1, Mittal to leave board on Sept 30

Shabnam Sinha

Mittal, founder and chairman of Bharti Enterprises, was appointed non-executive chairman of Airtel Payments Bank in April 2016

Maheshwari also delved into the company's offline expansion, acquisitions and artificial intelligence (AI) strategy

Prateek Maheshwari Cofounder, PhysicsWallah

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Pham Sanh Chau

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Yogesh Mathur, Director-Sales & Marketing, HMSI

Two-wheeler demand likely to remain tepid until festival season, says HMSI

JSW joint managing director and chief executive officer Jayant Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

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