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

A possibility being discussed involved a relationship between Reliance Jio and OpenAI to distribute ChatGPT

OpenAI's logo

The post fell vacant following resignation of Milind Nagnur, effective February 15, who was the chief operating officer and chief technology officer, due to personal reasons

Kotak mahindra bank, kotak

Real estate major DLF Ltd will invest around Rs 20,000 crore over the next few years to complete the construction of its already launched residential projects.
DLF will generate around Rs 43,000 crore of total surplus cash potential from the launched projects.
In a corporate presentation uploaded on stock exchanges' website on Friday, DLF shared the growth strategy of its development (housing) business and annuity business, which is building rent-yielding commercial projects.
As per the presentation, the "total pending cost to complete all launched projects" is around Rs 20,000 crore.
In the last few years, DLF has launched many housing projects in Gurugram, including the ultra-luxury project 'The Dahlias', which has a revenue potential of around Rs 35,000 crore.
DLF also informed that the company had Rs 9,000 crore cash balance at the end of the December quarter and the customers receivables from housing units sold stood at Rs 30,000 crore.
The estimated cash surplus from invent

DLF, Real estate, DLF properties

DLF will generate around Rs 43,000 crore of total surplus cash potential from the launched projects

Tripura Chief Minister Manik Saha on Saturday said that Reliance Industries Jio is keen to invest in the Information Technology sector in the state.
A company delegation met the chief minister and discussed the state's potential in the industrial sector.
Saha in a post on Facebook said he had earlier met Mukesh Ambai, chairman and managing director of Reliance Industries, in Mumbai and Assam, and requested "him to support our vision for viksit (developed) Tripura".
He said a team led by the North Eastern Zone Business Head of Reliance Jio visited the state during the day to explore investment opportunities in key sectors like IT and IT-enabled services, data centres, besides natural gas exploration and fertilizer production, petroleum, ethanol production from bamboo, rubber wood furniture, agro-food processing and tourism.
"Their enthusiasm for the IT sector, in particular, is very exciting! Looking forward to collaboration with Reliance Group of Industries for transforming Tripura

Manik Saha, Manik

Tripura Chief Minister Manik Saha on Saturday said that Reliance Industries Jio is keen to invest in the Information Technology sector in the state.

Oji India Packaging Pvt Ltd, a subsidiary of Oji Group, inaugurated its fifth facility in the country at Sri City in Andhra Pradesh, a top official said on Saturday.
The factory will produce corrugated boxes and packaging accessories and employ approximately 300 people in the region. This expansion reinforces the company's commitment to meeting the growing demand for sustainable and high-quality corrugated packaging solutions in South India.
The state-of-the-art automated plant, spread across 43,000 square meters, will cater to the increasing demand for corrugated boxes in the region. With an initial workforce of 130, the company plans to expand to 300.
Oji Holdings Corporation President and Group CEO Hiroyuki Isono, Consul General of Japan Muneo Takahashi, and Sri City Founder and Managing Director Ravindra Sannareddy attended the inauguration, according to a company statement.
Sannareddy congratulated the Oji India team for establishing the factory in Sri City, noting that Oji is

factory manufacturing, India’s manufacturing under-performance:  A new clue from ‘multi-plants’

factory manufacturing, India's manufacturing under-performance:  A new clue from ‘multi-plants'

Oji Holdings Corporation President and Group CEO Hiroyuki Isono stated that the facility has the potential to set new benchmarks in sustainable packaging while driving regional growth

Amazon said the processing fee is intended to cover costs related to the 'aggregation, management, and processing' of bank discount offers on its platform

Amazon

Real estate company Omaxe will invest Rs 400 crore to develop two new commercial projects in Faridabad, Haryana, to expand its business.
The two new projects will be part of its 120-acre mixed-use development named 'World Street by Omaxe'.
The first commercial project New Singapore is spread over 11.6 acre, comprising 15 lakh square feet of area largely retail spaces, while the other project Clarkee, covering nearly 2 acre, will be developed as party and nightlife destination.
The projects are expected to be completed by 2029.
The total estimated cost to build these two projects is over Rs 400 crore, Omaxe said, adding that this will be funded through internal accruals.
The company has launched around 700 units so far.
The rates in these two projects range between Rs 4,000 per square feet to Rs 10,000 per square feet.
Designed as Faridabad's ultimate nightlife destination, Clarkee will host 15+ nightclubs, bars, and restaurants.
Omaxe Group Managing Director Mohit Goel said, "T

Omaxe group, Omaxe logo

The total estimated cost to build these two projects is over Rs 400 crore, Omaxe said, adding that this will be funded through internal accruals

The Dabur Family Office and several other high net-worth individual (HNI) family offices joined the round, valuing the company at $13.5 million

startup funding investment

According to a consultation paper released on Thursday, Sebi may allow founders to hold or exercise Esop benefits granted one year before the company's initial public offering (IPO) plan

ipo market listing share market

The funding aims to power Asper's next phase of growth, focusing on scaling its product development and expanding its enterprise customer base across the globe

artificial intelligence, AI, GenAI

"There was a settlement (with BCCI), that settlement was before the Committee of Creditors (CoC) was being constituted," said Arun Kathpalia, the senior advocate appearing for Raveendran

Byjus, Byju

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

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

Our portfolio is strategically diversified across three key verticals: residential, commercial real estate, and infrastructure,  said TRIL MD and CEO

Sanjay Dutt, TRIL MD and CEO

Dubey talks about the impact of the recent merger, the Indian market, and artificial intelligence (AI)-powered data centres

Abhijit Dubey, chief executive officer of NTT Data

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

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