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 firm is targeting to disburse around Rs 5,000 crore in loans in FY25

startup funding investment

IndiGo has paid the reduced penalty of Rs 70 lakh imposed by regulator BCAS on the airline in connection with the incident of passengers having food on the Mumbai airport tarmac in January this year.
The Bureau of Civil Aviation Security (BCAS) had imposed a fine of Rs 1.2 crore on the airline on January 18 for the incident that happened on January 14.
In a filing to the BSE on Tuesday, IndiGo said that pursuant to an appeal, BCAS reduced the penalty to Rs 70 lakh through an order dated August 12.
"There is a delay in submission of the disclosure within prescribed timelines since the company was in the process of reviewing the legal remedies available against the order. Post review, the Company has paid the revised/reduced penalty amount to BCAS on September 10, 2024," the filing said.
Many passengers rushed out of an IndiGo aircraft at the Mumbai airport, sat on the tarmac, and some were also seen having food there as soon as their diverted Goa-Delhi flight landed after a long del

Student, Study, School

The Bureau of Civil Aviation Security (BCAS) had imposed a fine of Rs 1.2 crore on the airline on January 18 for the incident that happened on January 14

Fair trade regulator CCI on Tuesday granted its approval to Dixon Technologies' proposal to acquire a stake in Aditya Infotech Ltd.
Dixon Technologies (India) Ltd is involved in the business of providing Electronic Manufacturing Services (EMS). It provides EMS for lighting solutions, television, washing machines, security systems, wearables and hearables, among others.
The regulator also cleared the acquisition of a stake in AIL Dixon Technologies by Aditya Infotech Ltd (AIL).
"Commission approves the subscription of certain shares of Aditya Infotech Ltd (AIL) by Dixon Technologies (India) Ltd and the acquisition of certain shares of AIL Dixon Technologies Pvt Ltd by AIL," CCI said in a post on X.
AIL Dixon Technologies is a joint venture (JV) company between AIL and Dixon Technologies India. It is engaged in manufacturing and assembling of ESS. During FY24, the JV recorded a revenue of Rs 632.62 crore.
Aditya Infotech is engaged in the business of sourcing, distributing and marke

Dixon Technologies' flight against valuation gravity: Can it defy the pull?

Dixon Technologies

AIL Dixon Technologies is a joint venture (JV) company between AIL and Dixon Technologies India. It is engaged in manufacturing and assembling of ESS

Airtel Africa Foundation starts AI fellowship at IIT's first overseas campus

Chairman of Airtel Africa Foundation Olusegun Ogunsanya said India and Africa would now need to focus on specific areas, be it energy or technology

Walmart group's fintech firm PhonePe on Tuesday said it has partnered with cross-border payment solutions provider Liquid Group to expand its merchant acceptance network in Singapore.
The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base.
"We are thrilled to partner with Liquid Group to bring the convenience of UPI payments to Indian travellers visiting Singapore. This popular destination is a favourite among Indian tourists, and we are excited to empower them to pay quickly and easily at their favourite food, shopping, and sightseeing spots making their travel experience even more enjoyable," Ritesh Pai, CEO of International Payments at PhonePe, said.
The QR codes will be widely available at tourist-centric locations, including Changi Airport, duty-free shops, restaurants, bars, retailers like The Cocoa Trees, Hard Rock caf, sightseeing spots, and transportation services, the statement said.
The collaborati

PhonePe

The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base

When compared with Apple's own numbers, the five-month export is equal to its full-year figure for FY22

Apple, Apple phones, iPhones

UAE-headquartered retailer Lulu Group is looking to increase the quantum of Indian agri procurements to Rs 15,000 crore in the next two years as it expands its network globally, a top company official said on Tuesday.
Its Chairman and Managing Director M A Yusuff Ali told reporters that the company plans to have a special focus on the organic good procurement and sees the value of such goods going up to Rs 2,000 crore in a year.
"About Rs 10,000 crore imports (of agri products) we are doing every year. We are looking to increase it to Rs 15,000 crore within two years because we are also expanding our footprint in many countries," he said.
The imports primarily include commodities such as fruits, vegetables, rice, tea, sugar, spice and millets, he said, pointing out that the produce goes to the Gulf Cooperation Council (GCC) countries and other far-east countries.
Ali said his group has tied up with the Indian government-promoted Agricultural and Processed Food Products Export ...

Lulu Group, Lulu mall

Its Chairman and Managing Director M A Yusuff Ali told reporters that the company plans to have a special focus on the organic good procurement and sees the value of such goods going up to Rs 2,000 cr

Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated selection of home decor and lifestyle products across six key categories

Nestasia, a home decor and lifestyle brand, has raised $8.35 million in a fresh funding round from Susquehanna Asia VC, Stellaris Venture Partners, and notable angel investors. This funding will scale the company’s efforts in offline store expansion,

Nestasia, a home decor and lifestyle brand, has raised $8.35 million in a fresh funding round from Susquehanna Asia VC, Stellaris Venture Partners, and notable angel investors. This funding will scale the company's efforts in offline store expansion,

Origin introduces Omnichannel Pay, seamlessly integrating offline, online, and quick commerce delivery modes to cater to a diverse customer base

Bengaluru-based fresh-tech startup Origin officially launched its operations in the city at a press event today. The firm said it guarantees delivery of over 250 varieties of fruits, vegetables, herbs, and exotic produce within 12 hours of harvest. M

Home decor and lifestyle brand Nestasia has raised USD 8.35 million in a fresh funding round from Susquehanna Asia VC, Stellaris Venture Partners and notable angel investors.
The capital raise will scale the company's efforts in offline store expansion, new category launches, brand building, and hiring, according to a release.
Nestasia plans to expand its product range within kitchenware, drinkware, cookware, and appliances and introduce new themed categories such as home products for children (Nest Baby and Kids), among others.
Nestasia, which was founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, offers a curated selection of home decor and lifestyle products across six key categories.
"This funding empowers us to stay true to our mission to Make Home Special' by introducing fresh, on trend products, expanding our offline presence, and strengthening our brand connection with customers," Aditi Murarka Agrawal, Co-founder of Nestasia said.
Nestasia has been expanding its

Nestasia

The capital raise will scale the company's efforts in offline store expansion, new category launches, brand building, and hiring, according to a release

Pixxel becomes part of the Nasa's $476 million Commercial SmallSat Data Acquisition Program

PIxxel

We also have agreements with technology providers who have committed to sourcing their chip requirements from India, Panicker said

aghu Panicker, CEO, Kaynes SemiCon

Agarwal talks about the plans to make The Man Company a Rs 1,000 crore brand, and the focus going ahead

Harsha V Agarwal, vice chairman and managing director, Emami

Chatiwal talks about strengthening efforts to establish CNG to LNG conversion plants for servicing difficult terrains

Kamal Kishore Chatiwal, Managing Director, Indraprastha Gas Limited

Singhania says he has laid the groundwork for a promising future

Gautam Singhania, chairman and managing director, Raymond

There is a vast universe of fintechs out there and we would be reaching out to everyone to be a part of FACE. We do not have a threshold of scale or business model, said Sugandh Saxena, CEO, FACE

Sugandh Saxena, CEO, FACE

The coffee penetration in the country is around 14-15 per cent, and at a cafe level, around 25 per cent for the affluent section

Sushant Dash, CEO, Tata Starbucks

India's skilled workforce and rise of global capability centres helping demand for commercial real estate, says Karan Singh Sodi

Karan Singh Sodi, senior managing director of the Mumbai metropolitan region and Gujarat and head of alternatives, India, at global real estate investment manager JLL

Rowe talks about Syngenta's strong presence in India for a long time

Jeff Rowe, CEO, Syngenta

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