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

Keeping focus on 4G, telco has added 100K tech sites until Feb

FILE PHOTO: A man walks across the LED display board showing the logo of Vodafone-Idea at the India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis/File Photo

Going ahead, the company intends to continue supporting its Indian partners and customers to leverage growth opportunities, as the country remains a high-growth market for Infineon, he said

Andreas Urschitz, chief marketing officer (CMO) and management board member, Germany-headquartered semiconductor firm Infineon

Paytm's share price rose 7.79 per cent, closing at Rs 742.45 on Tuesday on the Bombay Stock Exchange

paytm money

Bank is currently well-capitalised; awaiting RBI clearance for stake raise from 15% to 26%

Ashok Hinduja, Chairman of IIHL

US-based Brookfield Corp on Tuesday divested a 5.13 per cent unit holding in Brookfield India Real Estate Trust (BIRET) for Rs 883 crore through open market transactions.
According to the bulk deal data on the BSE, Brookfield through its two affiliates -- BSREP India Office Holdings Pte and BSREP India Office Holdings IV Pte, part of the sponsor group of BIRET -- sold nearly 3.12 crore units or 5.13 per cent unit holding in Mumbai-based REIT.
The units were disposed of in the price range of Rs 283-283.04 per unit, taking the combined transaction value to Rs 883 crore.
Brookfield India Real Estate Trust is a 100 per cent institutionally managed office REIT (Real Estate Investment Trust), sponsored by Brookfield Asset Management, one of the world's largest alternative asset managers.
Meanwhile, 360 ONE Portfolio Managers and 360 ONE Prime together picked up 1.18 crore units, amounting to a 1.94 per cent unit holding in BIRET.
The units were purchased at an average price of Rs 283 a 

Brookfield (Photo: Bloomberg)

The units were disposed of in the price range of Rs 283-283.04 per unit, taking the combined transaction value to Rs 883 crore

India is a high-growth market for Infineon, and the German semiconductor firm plans to double its headcount by 2030 as it looks to scale its R&D base in the country, a top company official has said.
Infineon has more than 58,000 employees worldwide, with most of them based in the APAC region. It employs over 2,500 people in India, primarily in R&D roles.
India is a growth market and critical R&D location for the company, Infineon Technologies CMO and management board member Andreas Urschitz said during a media roundtable here.
"We are doing lots of innovation in India and intend to heavily invest and grow our R&D base here...in terms of our long-term planning towards 2030, we intend to double the number of people in India," he said.
The semiconductor firm intends to support the country's domestic market and explore joint growth opportunities with Indian partners and customers, he added.
Currently, India contributes a low single-digit percentage to Infineon's group ...

semiconductor

India is a growth market and critical R&D location for the company, Infineon Technologies CMO and management board member Andreas Urschitz said during a media roundtable here

IndusInd International Holdings Ltd (IIHL) has completed the transaction to acquire debt-ridden Reliance Capital (RCAP) by transferring the entire bid amount to lenders, IIHL chairman Ashok Hinduja said on Tuesday.
The management transfer is likely to take place on Wednesday.
"The transaction from our side is over. As we are speaking, money is moving from one escrow to another," Hinduja said while addressing the media here.
The journey for value creation would now begin, he said, adding that the value of the Reliance Capital business on a conservative basis would be Rs 20,000 crore.
IIHL would complete the review of the entire RCAP business and take a call on the fund infusion required, he said.
With regard to subsidiaries, he said there are about 39-40 entities of Reliance Capital and the new management would divest many of them as they are mostly small shell entities with small businesses.
The financial services firm has 1.28 lakh employees and the new management would protect 

"The transaction from our side is over. As we are speaking, money is moving from one escrow to another," Hinduja said while addressing the media here

Since December last year, Indian merchants part of Amazon's Global Selling programme have been able to collect their global payouts using the company's offering for international bank transfers

Razorpay

Both partners have contributed about 15% each to the overall Rs 200 crore Sebi-registered Category II AIF, which includes a Rs 100 crore green-shoe option

Funding among Indian startups declined by a marginal 7 per cent in the first nine months of 2024 to $7.6 billion from $8.2 billion during the same period last year.

Zepto announced that it will deliver Apple products, including the latest iPhone 16e, AirPods, charging accessories, and more, within 10 minutes

Zepto

The funds raised will be utilised to enhance its AI-driven mobile app security platform and accelerate product innovation

(L to R) Manish Mimani, founder and CEO, Protectt with team member Mohan Selvaraj

Gupta spoke about the company's growth roadmap, export plans, and upcoming launches

Jalaj Gupta, Managing Director, TI Clean Mobility, Murugappa Group

I'm not overly concerned about daily stock price fluctuations - we are in this for the long term, said Hexaware CEO

R. Srikrishna, CEO of Hexaware

Banga acknowledges that companies have no choice but to adapt, despite energy transition ships running on dual fuels costing up to 20 per cent more than conventional vessels

Harindarpal ‘Harry' Singh Banga

ELC President and CEO Stephane de La Faverie talks about how they are fostering entrepreneurship in India's rapidly expanding beauty market

Stephane de La Faverie, President & CEO, The Estee Lauder Companies

Kaplan talks about free flow of data to age-appropriate content and more

Joel Kaplan, chief global affairs officer at Meta

India is one of the most dynamic businesses we have. It has had constant growth-- except for the COVID year. Overall, it has been a growth story, says Andreas Sennheiser

ANDREAS SENNHEISER, Co-CEO, Sennheiser

Our mission is to apply AI in practical, real-world scenarios and integrate it into existing systems, says Sivasubramaniam

SHEKAR SIVASUBRAMANIAM, CEO, Wadhwani AI

In the past, we have launched many products in the market, from generation 4 to generation 5, to Apex, Rizta, and Halo, said Ather Energy CTO

Swapnil Jain, co-founder and chief technology officer of Ather Energy

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