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

Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday.
As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today, Anderson announced.
In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies.
The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking

Hindenburg Research, Adani

In the last few years, Hindenburg Research had launched a campaign against the Adani group, ts reports published since 2023 had resulted in billions of dollars of loss for the group

The company's growth is fueled by the infusion of Rs 5,500 crore from its key investors- KKR Fund and Ontario Teachers' Pension Plan (OTPP)

Highways: UP’s path to become first $1 trn state

Highways: UP's path to become first $1 trn state

L&T, Grasim, UltraTech raise funds via 10-year bonds

Larsen & Toubro

Gazprom Germania (now SEFE) had suspended LNG shipments to Gail after being taken over by European authorities

GAIL

Laurus Labs further clarified that the penalty proceedings would not have any financial impact on the company

tax, taxes, taxation, tax evasion, I-T raids, Income tax

The lease agreement is for five years, commencing on February 15, 2025

Zomato

Residual benefits from last July's tariff hike, Indus consolidation to help telco

Airtel

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

Industry body Nasscom has also called for the Centre to set up a dedicated fund to enable early-stage investments into tech startups between Series A and B rounds of fundraising

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday.
The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1 am.
Pixxel organised a livescreening of the launch at its headquarters in Bengaluru.
With the launch of the first three satellites, Pixxel will now be able to deliver more precise critical climate and Earth insights, said founder and CEO Awais Ahmed.
Ahmed was addressing reporters on the sidelines of the screening.
He said the Firefly constellation was six times sharper than the 30-metre standard of most existing hyperspectral satellites, capturing fine details previously invisible to conventional systems.
The Firefly also marks a watershed moment in India's space journey as the nation's first commercial satellite ...

Pixxel satellites

The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1 am

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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