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

Amazon India has partnered with Startup India, under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), to help startups scale growth through e-commerce.
Through a dedicated page on the Startup India portal, the e-commerce firm and Startup India will work together to allow eligible startups to make use of e-commerce opportunities by registering on Amazon India's marketplace.
The startups will gain access to the domestic market, mentorship from Amazon leaders, go-to-market support and logistics guidance, according to a company statement.
"By combining Amazon's e-commerce expertise with Startup India's role as the Government of India's flagship initiative for the development of the startup ecosystem, we will provide a robust platform for Indian startups and businesses to scale domestically," Sanjiv, Joint Secretary, DPIIT, said.
Furthermore, Amazon will work to empower select women entrepreneurs through its Saheli programme.
Amazon's suite of services,

Through a dedicated page on the Startup India portal, the e-commerce firm and Startup India will work together to allow eligible startups to make use of e-commerce opportunities

A dual-layered protection system, the solution has two filters - one at the network layer and the second at the IT systems layer

Airtel

While it's unclear if the website was made by the same individual Star Health sued, the hacker claims that a senior Star Health official sold the data and later tried to renegotiate terms

The data breach of Star Health and Allied Insurance is a “huge problem” if sensitive information of about 31 million customers, reportedly amounting to 7.24 terabytes, is offered for sale, industry experts have warned, saying that the gravity of the

IT giant Infosys on Wednesday announced expansion of its partnership with Microsoft to help drive global customer adoption of generative AI and Microsoft's cloud platform Azure.
Additionally, Infosys will also act as a strategic supplier to support cloud and AI workloads for Microsoft's enterprise customers.
It will infuse Microsoft's generative AI suite of offerings across its Solution IP portfolio to bring unique capabilities to market, helping clients achieve cost-efficiency, scalability, and agility, according to a regulatory filing.
"Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI adoption and enable unprecedented innovation for customers," Nicole Dezen, Chief Partner Officer at Microsoft, said.
The collaboration aims to provide innovative solutions that enhance customer

Big Tech, artificial intelligence, California AI bill

It will infuse Microsoft's generative AI suite of offerings across its Solution IP portfolio to bring unique capabilities to market, helping clients achieve cost-efficiency

The company said that the upgraded rating reinforces its long-term financial stability and prudent governance practices

In a rare move, S&P Global Ratings on Wednesday raised its outlook for India to ‘positive’ from ‘stable’ while affirming the lowest investment grade sovereign credit rating (BBB-) ahead of the general election results due on June 4.

In a rare move, S&P Global Ratings on Wednesday raised its outlook for India to ‘positive' from ‘stable' while affirming the lowest investment grade sovereign credit rating (BBB-) ahead of the general election results due on June 4.

The multi-purpose port in Maharashtra will handle captive, bulk, and dry bulk cargo

JSW Infrastructure

The Rs 4,259 crore multi-purpose port in Maharashtra will handle captive, bulk, and dry bulk cargo

Bharti-Airtel has identified over 112 million potential spam calls and 3 million spam short messaging services in Tamil Nadu in the last 12 days of the launch of its AI powered spam detection system, a company official said.
The telecom major has established Artificial Intelligence powered algorithm to identify classify calls and SMS as 'suspected spam' and it analyses various parameters based on the customers' usage pattern.
By cross-referencing this information against known spam patterns, the system flags suspected spam calls and SMS accurately.
"In today's digital landscape spam calls and suspicious texts have become a major concern for customers. To address this, Airtel introduced an innovative AI-powered solution integrated into the Airtel ecosystem. This solution allows users to enjoy its benefits without needing additional downloads or complex set up," Bharti Airtel Tamil Nadu Chief Executive Officer Tarun Virmani said on Wednesday.
"This service empowers 29.8 million Airte

The telecom major has established Artificial Intelligence powered algorithm to identify classify calls and SMS as 'suspected spam' and it analyses various parameters

As serial entrepreneurs continue to build billion-dollar companies, the Indian startup ecosystem has also evolved to embrace failure more than ever before

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.

Hyperlocal delivery startup says performance in September proves growing market share in major cities

magicpin

Founded in 2022 in Hyderabad, XDLINX Space Labs aims to make satellite technology accessible to a broader range of clients

India has more than 100 space technology startups and most were founded in the past five years. It owns 55 active space assets that include communication, meteorological and Earth observation satellites. According to a report by Tracxn, a market inte

Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about Rs 310 crore, a senior company official said.
Exicom managing director Anant Nahata told PTI that the company is setting up a manufacturing unit in Hyderabad where it will use DC (Direct Current) fast charging technology of Tritium to develop solutions for electric vehicles.
The Hyderabad facility is expected to be operational by the end of 2025.
"This strategic investment highlights Exicom's robust positioning in international markets and our commitment to expanding operational capabilities across diverse geographies. The comprehensive deal encompassing four key regions'?the UK, the Netherlands, the United States, and Australia'?amounts to USD 37 million," Nahata said.
Exicom has absorbed the entire workforce of 300 people at Tritium in the company.
"With the integration of Tritium's 300 talented individuals, Exicom will leverage synergies an

In July, electric vehicles sales in the country were nearly 28 per cent higher than in the previous month and the highest for a month in the current financial year, according to Vahan data from the Ministry of Road Transport and Highways. If you look

Nasdaq-listed Tritium designs and manufactures proprietary hardware and software to make DC fast chargers for electric vehicles

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

He spoke on IMAX's place in the global cinema ecosystem and its India plans

Richard Gelfond, New York-based CEO of IMAX

He talks about the opportunities in India amid an ongoing protein health revolution

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

Momentum back; wish next CEO from within Cognizant: Ravi Kumar S

Ravi Kumar S, CEO, Cognizant

AstraZeneca Pharma India Managing Director and Country President, Sanjeev Panchal, talks to Shine Jacob about the company's future plans in an interview

Sanjeev Panchal, Country president & managing director, AstraZeneca  Pharma India

Kurek discusses Oriflame's commitment to the direct-selling model, its plans to expand its women-led sales force, and how India remains a priority market

Edyta Kurek, senior vice president of Oriflame India and Indonesia

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

Catherin Macgregor, Group CEO and board member, ENGIE

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

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

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

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News

Interview