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

Tewolde Gebremariam is considering merging Air India Express with Air India to cut costs and streamline operations as the carrier battles heavy losses

Tewolde Gebremariam, Chief Executive Officer and Managing Director, Air India Limited

Bloomberg

Indian Bank aims to enter the insurance and asset management spaces through joint ventures within 1.5 to 2 years, while launching wealth management services in H2

Indian Bank MD&CEO, Binod Kumar

One possible route would be to reduce Tata Sons' relevant asset base below the ₹1 trillion threshold for classification as an upper-layer NBFC, according to a former regulatory official

According to sources, the agenda for the friday meeting is related to approval of projects. the tata sons leadership issue is unlikely to come up

Preliminary market estimates show day-one demand for the iPhone 18 Pro series up 15-28% in India, with the new burgundy shade replacing last year's orange as the top choice

Apple iPhone 18 Pro and iPhone 18 Pro Max. The latest Pro models feature upgraded cameras, the A20 Pro chip and new Apple Intelligence capabilities.

Air India's incoming CEO Tewolde Gebremariam on Friday met Civil Aviation Minister K Rammohan Naidu.
Naidu shared pictures of the meeting on X and said that with massive demand for better connectivity and enhanced passenger convenience, the airline has a challenging and important responsibility.
On August 5, Air India announced the appointment of Gebremariam, a former Ethiopian Airlines Group chief, as the Chief Executive Officer and Managing Director. He is expected to take charge after receiving security approvals later this month.
"Pleased to meet @airindia's new CEO & MD, Shri Tewolde Gebremariam and extend my best wishes for his new role," Naidu said in a post on X and added that Air India has been an integral part of India's aviation legacy.
Civil Aviation Secretary Samir Kumar Sinha and senior Air India officials were present at the meeting.
Gebremariam, who will be the second foreign CEO at Air India, will be taking over the reins at a time when the airline is working on .

Tewolde Gebremariam

Air India's incoming CEO Tewolde Gebremariam on Friday met Civil Aviation Minister K Rammohan Naidu.

Separation of ownership and control could increasingly be an option for businesses across the world, according to Cohen, who's a top global family enterprise academic

EPC major sees a $100-150 billion modularisation opportunity over five years as skilled labour shortages, high costs and remote locations pose execution challenges

Larsen & Toubro

Mumbai-based Vytalyou has raised Rs 8-10 crore at a valuation of around Rs 33 crore to expand its network in Mumbai and enter other major Indian cities in 2027

healthcare, doctor

E-commerce giants bank on speed as they expand beyond metros ahead of Big Billion Days, Great Indian Festival sale event.

quick commerce

The fresh produce platform plans to scale its zero-inventory model into three more metros and is targeting three-fold to five-fold year-on-year growth

Handpickd founder and chief executive officer, Anant Goel

Flam plans to use the fresh capital for research and development of its AI models, expanding its product suite and scaling enterprise sales globally

artificial intelligence, AI,

IDTA members have committed $3 billion to deep-tech startups, with $250 million invested so far, as investors seek to strengthen India's deep-tech ecosystem

Arun kumar, Celesta Capital

The conglomerate named his ​son, Howard Buffett, a Berkshire director since 1993, as chairman.

Warren Buffett

The leadership reshuffle comes as Practo grows 40 per cent year-on-year and remains profitable, while expanding in the UAE and US and investing in artificial intelligence.

Top row L-R: Siddhartha Nihalani, Co-founder & COO - B2C; Abhinav Lal, Co-founder & Chief Scientist ; Second row L-R: Shashank ND Singh, Founder, Managing Director and Executive Chairman; Jagnoor Singh, Chief Executive Officer; Rowel Coelho, COO - B2

Subramanian will take charge on November 30, subject to approvals, while outgoing managing director Balfour Manuel will remain with the company as senior strategic adviser until May 2027

R S Subramanian,  Senior V P–South Asia, DHL Express  & MD, DHL Express India

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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