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

Crisis-hit SpiceJet, which has recently raised Rs 3,000 crore, on Friday said it has cleared all pending salary and GST dues as well as deposited ten months' dues of provident fund.
On September 23, the airline announced raising Rs 3,000 crore through  Qualified Institutional Placement (QIP) of shares.
An airline spokesperson said that within the first week of raising fresh funds, it has cleared all pending salary and GST dues and has made significant progress by depositing ten months' dues of PF.
The process of clearing other outstanding dues is ongoing, he said in a statement.
Among other efforts, the airline has reached settlement with various aircraft lessors.
SpiceJet has been facing multiple headwinds, including financial problems and legal woes. It is also operating with a reduced fleet.
On Friday, shares of SpiceJet fell 4.25 per cent to close at Rs 62.79 apiece on BSE.

Spicejet

On September 23, the airline announced raising Rs 3,000 crore through Qualified Institutional Placement (QIP) of shares

The last of the three-part series shows how Indian firms are upping their AI play, but Gen AI progression remains focussed on HR and customer experience applications

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The Noida-based company's outgoing CTO Manmeet Singh Dhody has been 'transitioned' to a new role as AI (artificial intelligence) fellow of the fintech major

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Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive

coal india, CIL, Coal Bhawan, coal India office

Moody's Ratings on Friday assigned Baa3 rating to Adani Green Energy Hybrid Restricted Group's USD 1.2 billion senior secured notes.
Adani Green Energy Hybrid Restricted Group (RG-3) is a newly created restricted group comprising four indirect wholly-owned subsidiaries of Adani Green Energy Ltd (AGEL), Moody's said in a statement.
The four subsidiaries of AGEL are Adani Hybrid Energy Jaisalmer One Limited, Adani Hybrid Energy Jaisalmer Two Limited, Adani Hybrid Energy Jaisalmer Four Limited and Adani Solar Energy Jaisalmer One Private Limited.
Moody's said it "has assigned a Baa3 rating to the 20-year USD1.2 billion backed senior secured notes to be issued by RG-3."
Each of the restricted subsidiaries will be an issuer for a portion of the notes, and a guarantor to the remaining notes.
Proceeds from the notes will be used to refinance part of the USD 1.3 billion outstanding senior debt of RG-3's restricted subsidiaries. RG-3 intends to repay the balance of the existing debt using 

adani

Moody's said it "has assigned a Baa3 rating to the 20-year USD1.2 billion backed senior secured notes to be issued by RG-3."

Higher FPI investment room opens door for $1.8 bn passive inflows

HDFC Bank, HDFC

The company expressed its interest in exploring opportunities to scale its digital infrastructure portfolio

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Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time

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Sankarlingam added that, globally, Zoom Phone amassed five customers with over 100,000 seats in Q1 FY25

Zoom

This funding comes at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations

Overseas fundraising  by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from international investors amid improving liquidity conditions an

Other Indian universities on the list include IIT Madras, IIT Kharagpur, the Birla Institute of Technology and Science (Pilani), Banaras Hindu University (BHU), and the University of Madras

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Antoine De Saint-Affrique, Chief Executive Officer, French food major Danone SA

Coffee, and more specifically, specialty coffee, is pretty much at a tipping point, Nair said

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India is expected to have a fair share of the €22-25 billion in investments the firm has planned over a three-year period between 2023 and 2025

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The 88-year-old designer, author of books like The Design of Everyday Things, Emotional Design, Design for a Better World was in India as advisor to BITS Design School, Mumbai, for a three-city tour

Don Norman

What really worked for us, I think, is that none of us came from the industry but we did realise that we will be running into insurmountable problems, she said

Vrinda Kapoor, chief executive officer of 3rdiTech

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