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

The case revolves around a petition filed by Dhawan, who argued that his agreement with DB Dixon Battery had expired in November 2024

Shikhar Dhawan

Disney+ Hotstar on Friday announced that it will be broadcasting Coldplay's concert live from Ahmedabad on January 26 as part of its partnership with the British band.
Coldplay's highly-anticipated concerts in India are touted to be the biggest draw of 2025.
As part of their 'Music of the Spheres World Tour', the British band has three shows at the DY Patil Stadium in Navi Mumbai on January 18, 19 and 21. A fourth show will be held at Ahmedabad's Narendra Modi Stadium on January 25.
In a statement, Disney+ Hotstar said the move is aimed at redefining the future of entertainment by democratising access to high-quality experiences, enabling fans to experience this monumental event on every screen across the country.
Hello to all our friends in India. We are delighted to announce that our concert from Ahmedabad will be streamed live on Disney+ Hotstar, enabling you to witness it from anywhere in India. We eagerly anticipate your presence and hope to explore your captivating country. W

Disney, Disney Hotstar

Disney+ Hotstar said the move is aimed at redefining the future of entertainment by democratising access to high-quality experiences, enabling fans to experience this monumental event on every screen

State-owned IREDA has finalised a joint venture agreement with SJVN, GMR Energy and the Nepal Electricity Authority to set up a 900 megawatt hydropower project in Nepal.
The agreement for the 900 MW Upper Karnali hydro-electric project was formalised in New Delhi on Thursday, in the presence of senior officials from IREDA, SJVN, and GMR Energy.
In a statement on Thursday, IREDA said, "It has finalised a joint venture agreement with SJVN Ltd, GMR Energy Ltd, and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali hydro-electric project in Nepal. This strategic initiative aims to strengthen regional energy security and accelerate renewable energy growth."
The joint venture agreement lays out a comprehensive framework for project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model, with a 25-year project term from the Commercial Operation Date (CoD).
IREDA CMD Pradip Kumar Das said, "This agreement marks a

IREDA

The agreement for the 900 MW Upper Karnali hydro-electric project was formalised in New Delhi

The National Company Law Appellate Tribunal (NCLAT) has restored claims worth Rs 593 crore of IL&FS Financial Service (IFIN) along with its voting rights in the committee of creditors in the ongoing insolvency resolution process of Attivo Economic Zones.
Earlier the interim resolution professional of Attivo Economic Zones, a part of Kolkata-based Srei Infrastructure Finance (SIFL) and in the business of developing managing and marketing industrial parks, had on September 12, 2023, rejected the claims of the IL&FS group entity.
IL&FS challenged this before the NCLAT which said it had already passed an earlier order "not permitting collapse of the Agreement with regard to Attivo Economic Zone (Mumbai)".
Hence, "the very basis of issuing of letter dated 12.09.2023, rejecting the claim of IFIN is knocked out", said a two-member bench of the NCLAT which also consisted of Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra.
"The letter dated 12.09.2023, issued ..

gavel law cases

IL&FS challenged this before the NCLAT which said it had already passed an earlier order "not permitting collapse of the Agreement

Apple CEO Tim Cook, in a rare personal revelation, shared how the Apple Watch fall detection feature saved his father's life, while also discussing his work ethic, daily habits, and personal interests

Photo: Bloomberg

Q3 FY25 company results Jan 17: Wipro, Tech Mahindra,  ICICI Lombard, Jio Financial Services, and SBI Life Insurance Company will release their earnings report for the Oct-Dec quarter today

Indian refiners are increasing Middle Eastern crude purchases from the spot markets after Washington last Friday announced sweeping sanctions targeting Russian producers

Indian Oil corporation, IOC

The GOVs of all the quick commerce players have been growing strongly. In case of Zomato and Swiggy, the GOV growth has been faster than their food delivery business

How Competition Law plans to regulate digital economy, plug loopholes

Commerce and Industry Minister Piyush Goyal on Thursday assured "excellent" support to startups and said domestic investors are now also recognising capabilities and the value proposition of investing in these enterprises.
As per estimates, he said Indian startups have attracted about Rs 13 lakh crore funding in the last nine years, that is about USD 150 billion.
On average, startups are receiving about USD 15 billion of funds every year and in a good year, it can go up to USD 22-25 billion, he said at the celebration event of nine years of Startup India here.
"I promise you we are going to have excellent support, now also from domestic investors who are more and more aligning themselves with the startup India vision, who are more and more understanding the capabilities of young India and they are recognising the value proposition that you bring to the table," he said.
He added that funding instruments like the Fund of Funds Scheme (FFS), which is administered by SIDBI and financed

Piyush Goyal, Union Minister for commerce and industry

On average, startups are receiving about $ 15 billion of funds every year and in a good year, it can go up to $ 22-25 billion, he said at the celebration event of nine years of Startup India here

As the country celebrates the 9th edition of Startup India, the ecosystem now boasts over 1.59 lakh DPIIT recognised startups and 110 unicorns, making it the third-largest globally

Startups, Indian startups

GOV represents the total value of all orders placed before any deductions for returns, cancellations, or discounts

Zepto

There may not be any major changes in direct taxation, given that simplification has already been carried out in recent years

Vetri Subramaniam, Chief Investment Officer, UTI AMC

Modern lending ecosystems now have access to richer data through alternate data sources such as Account Aggregators (AA)

Joydip Gupta, head of Asia Pacific at Scienaptic AI

JNPA is expected to maintain steady growth, focusing partly on the under-construction Vadhvan Port

Unmesh Wagh, IRS, chairperson of JNPA and chief managing director of Vadhvan Port Project Ltd.

Rossell Techsys MD Rishab Gupta discusses the firm's demerger from Rossell India and its entry into the space sector, highlighting a Rs 2,800 crore order book and a focus on defence and civil aviation

Rossell Techsys Managing Director Rishab Gupta

Says he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating

Ravi Subramanian, managing director (MD) and chief executive officer (CEO), Truhome Finance

He highlighted shifting demand dynamics, uncertainty, and the evolving role of generative artificial intelligence (GenAI)

C Vijayakumar, CEO & MD,  HCLTech

The hospitality giant has cash and cash equivalent of Rs 1,500 crore

Anil Chadha

He talks about why this quarterly decline is not indicative of a slowdown in demand, and how TCS is positioning itself as an AI-first organisation

Milind Lakkad, chief human resource officer (CHRO)

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