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

IndiGo on Thursday expressed deep regret to a passenger who complained that he was hurt after falling on the ramp while getting down from an aircraft at the Delhi airport in August.
Full refund of the ticket has also been given to the passenger.
The passenger, in a series of posts on X, said on August 14, half way down the ramp, his right foot suddenly slipped on a moist patch and he fell down. Later, he was taken to hospital.
Post the incident, the passenger, who came to Delhi from Chennai, said, "I have been unable to walk since mid Aug, with potential full recovery at least a year away."
IndiGo said the airline deeply regrets the inconvenience experienced by the passenger during his travel last August.
"Our ground staff offered immediate support and helped the customer with medical attention. Both the airport and the IndiGo teams checked right away the equipment and found the ramp dry and in perfect working condition, being used by numerous other passengers without any issue ..

indigo airlines, indigo

The passenger, in a series of posts on X, said on August 14, half way down the ramp, his right foot suddenly slipped on a moist patch and he fell down. Later, he was taken to hospital

The Competition and Markets Authority (CMA) antitrust regulator cleared the $19 billion Vodafone-Three UK deal on Thursday after it accepted the companies' argument

Vodafone

Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn't provide the value of the deal

Nvidia

Moody's Ratings has upgraded the corporate family rating (CFR) of Oravel Stays Limited -- travel tech platform OYO's parent firm -- and the rating on the senior secured term loan issued by its wholly-owned subsidiary OYO Singapore to B2 from B3, and maintained the stable outlook.
In a statement on Wednesday, Moody's said it has assigned a B2 rating to the USD 825 million senior secured term loan facility to be availed by Oravel Stays Singapore Pte. (OYO Singapore). The term loan is fully underwritten by Deutsche Bank.
Elaborating upon the rating rationale, Moody's said OYO is in the process of securing a new five-year USD 825 million term loan, which together with the USD 174 million of primary equity capital raised between June and August 2024, will be used to repay its existing TLB that matures in June 2026, easing its refinancing pressures.
The proceeds will also fund the company's proposed USD 525-million acquisition of US-based hotel chain Motel 6.
OYO's interest expense will 

Moody's said it has assigned a B2 rating to the $ 825 million senior secured term loan facility to be availed by Oravel Stays Singapore Pte.

The debt-laden telco's board will consider the issue of equity shares and/or convertible securities, Vi said in an exchange filing on Thursday

Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday.
Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd.
"Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing.
The fashion vertical accounts for less than 10 per cent of the company's revenue.
The beauty segment of the company accounts for the majority of the revenue. Nykaa Fashion is still a loss-making vertical.
The company has posted a consolidated net profit of Rs 12.97 crore and revenue of Rs 1,874 crore for September 2024 quarter.

fsn e-commerce nykaa

Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd

Spends are 20% higher than traditional cards

Rishi Chhabra, country manager-India, Visa

Moreover, UP has planned to develop India's first artificial intelligence city in Lucknow, and set up an exclusive fund for the emerging technology to boost the AI ecosystem and foster AI startups

Indian edtech sector online learning online education edtech funding startup funding

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

(From left) Deep Agrawal, Head of Payment, PhonePe; Vishal Gupta, CEO, PhonePe Insurance; and Hemant Gala, CEO, PhonePe Lending

While announcing its September quarter results, management at Swiggy said its growth strategy for Instamart is based on hyperlocal expansion

startup funding investment

Science and Technology Minister Jitendra Singh on Tuesday invited Israeli startups to collaborate with Indian firms on the National Quantum Mission.
Singh made the offer to Israel's Industry and Economy Minister Nir Barkat who met him here.
The two leaders discussed collaboration in startups in the space, quantum technology, agriculture and health sectors.
Singh invited Israeli startups, known for their pioneering work in quantum computing, to partner with Indian institutions to co-develop critical quantum technologies.
"India and Israel can supplement each other in this domain  India with its large market, manpower, and opportunities, and Israel with its cutting-edge innovation," Singh said.
India's National Quantum Mission aims to harness quantum technologies to bolster sectors like communication, cryptography, and computing, he said.
Singh said Israeli startups and researchers could play a vital role in co-developing critical technologies, leveraging their experience for mutua

Jitendra Singh

Singh invited Israeli startups, known for their pioneering work in quantum computing, to partner with Indian institutions to co-develop critical quantum technologies

We will close this year with 130 operating hotels and add almost 20 operating hotels next year, said Nikhil Sharma, MD,  South Asia, Radisson Hotels group

Nikhil Sharma, Radisson

He highlighted that private wealth investors are diversifying portfolios and prioritising stable, income-generating assets

Lee Elliott, partner and global head of occupier research at Knight Frank

Ervin Tu and Ashutosh Sharma of Prosus talk about their strategies for India and beyond

Chief Investment Officer Ervin Tu and Ashutosh Sharma, head of growth investments for India and Asia at Prosus

The steel industry is clearly in a down-cycle

Koushik Chatterjee

Sinha said Myntra touched 70 million monthly active users during this festive season, and the Gen Z customer base doubled in one year

Nandita Sinha, CEO, Myntra

She says that the firm will hire its India head of customer success, ramp up the R&D centre to strengthen Udemy's core platform and build more AI features into its platform

Caoimhe Carlos, VP, global customer success, Udemy

Majety said that he is expecting to see a new wave of opportunities and selection opening for the quick commerce business

(From left) Rohit Kapoor, CEO of Swiggy’s Food Marketplace, and Sriharsha Majety, Managing Director and Group CEO, Swiggy

(From left) Rohit Kapoor, CEO of Swiggy's Food Marketplace, and Sriharsha Majety, Managing Director and Group CEO, Swiggy

Prashant Kumar discussed the bank's deposit strategy, loan growth trajectory, the status of stake sale, and other key developments

Prashant Kumar, MD & CEO of YES Bank

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Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

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