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

Earlier today, IndiGo said that it is facing a temporary system slowdown across its network, which is affecting its website and bookings

indigo airlines, indigo

Infrastructure company MEIL on Saturday said it has commissioned five solar plants in Maharashtra having a combined capacity of 19 megawatt (MW).
The plants were inaugurated by Prime Minister Narendra Modi virtually, Megha Engineering and Infrastructures Ltd (MEIL) said in a statement.
"MEIL has commissioned five solar power plants with a total capacity of 19 MW under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyaan (PM KUSUM) scheme across Maharashtra. Prime Minister Narendra Modi inaugurated the Solar Plants and Dedicated to the Nation," it said.
The five solar plants are at Shambhaji Nagar (3 MW), Nanded (5MW), Kolhapur (3MW), Akola (3MW), and Buldhana (5 MW) in Maharashtra.
These power generated from green plants will provide uninterrupted electricity to farmers for the cultivation of their lands that will reduce the burden of cost of electricity bills. The excess power will be supplied to the grid.
As part of the PM-KUSUM scheme, MEIL said it has to execute the

solar energy, solar, solar panel

These power generated from green plants will provide uninterrupted electricity to farmers for the cultivation of their lands that will reduce the burden of cost of electricity bills

State-owned REC has disbursed loans worth Rs 90,955 crore during April-September FY25, up 20.10 per cent from the year-ago period.
Of the total amount, Rs 11,297 crore was green loan, 92.68 per cent higher year-on-year, the company said in a statement.
In the September quarter of FY25, REC said it disbursed Rs 47,303 crore loans, 13.71 per cent higher than the Rs 41,598 crore disbursed a year earlier.
Of this, renewable energy loans aggregated to Rs 5,946 crore, up 37.35 per cent YoY.
Renewable energy loans accounted for 13 per cent of the total disbursals in the July-September period in FY25 as against 10 per cent in the year-ago period.
REC, under the Ministry of Power, is a non-banking financial company focusing on power sector financing in India.

Renewable energy

In the September quarter of FY25, REC said it disbursed Rs 47,303 crore loans, 13.71 per cent higher than the Rs 41,598 crore disbursed a year earlier

IndiGo reassured its customers that airport staff are working to minimise the wait times at check-in counters. However, passengers reported facing issues, including difficulties with web check-in

Honasa Consumer Ltd, which owns Mamaearth, brand, on Saturday said there will be no attachment of its assets in the UAE as it has no assets there, although a court in Dubai has ordered such an action in its ongoing litigation with RSM General Trading LLC over termination of distributorship.
The company, which also owns The Derma Co and Aqualogica brands, had on Friday said a court in Dubai has ordered attachment of its assets in the UAE but refused to cancel the trading licence of Honasa Consumer General Trading LLC.
In a filing on Saturday, the company said,"... there shall be no attachment of the company assets, as the company has no assets located in the UAE."
Honasa Consumer General Trading LLC, a subsidiary of Honasa Consumer Ltd has been exempted from this order, it added.
RSM General Trading LLC (RSM) and Honasa Consumer Ltd (Honasa) had filed grievance statements against the precautionary attachment order passed by Court of Merits at Dubai, the UAE on June 6, 2024.
The Dub

mamaearth

In the June 6 order, the Dubai court had allowed to attach Honasa Consumer Ltd's assets in the UAE, however, it rejected to cancel the trading license of Honasa Consumer General Trading LLC

Safex Chemicals-backed AgCare Technologies has started an online marketplace 'Golden Farms' to digitise agricultural input supply chain in India.
In January 2023, Safex Chemicals invested Rs 100 crore in AgCare Technologies.
"Delivering to over 16,000 PIN codes, the mobile app allows customers to procure inputs required in agriculture directly from manufacturers, ensuring better pricing and higher product quality," Safex said in a statement.
The platform is set to make the procurement process more streamlined, transparent, and accessible to customers across rural India.
Currently, the app offers 22 agrochemical products, with herbicides making up 35 per cent and insecticides accounting for 45 per cent of the portfolio.
The platform has already onboarded over 16,000 dealers spread across the country.
This extensive dealer network ensures widespread availability of agriculture related products, enabling the company to serve a large customer base.
Safex Chemicals Founder-Director S

Farm, Agriculture, Farmland, Crop, crops

The platform is set to make the procurement process more streamlined, transparent, and accessible to customers across rural India

Swiggy's new XL fleet includes 20 specially designed electric vehicles that cater to large orders

Swiggy launches its bulk order ‘XL’ EV fleet

Swiggy XL EV fleet

Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time

Quick commerce

Sankarlingam added that, globally, Zoom Phone amassed five customers with over 100,000 seats in Q1 FY25

Zoom

This funding comes at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations

Overseas fundraising  by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from international investors amid improving liquidity conditions an

Other Indian universities on the list include IIT Madras, IIT Kharagpur, the Birla Institute of Technology and Science (Pilani), Banaras Hindu University (BHU), and the University of Madras

unicorn startup

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

Coffee, and more specifically, specialty coffee, is pretty much at a tipping point, Nair said

Vinay Nair, vice president, Costa Coffee, India, and emerging markets

Gangadharan emphasises India's strategic importance for SAP's growth and innovation

Sindhu Gangadharan, Managing Director, SAP Labs India and Head, Customer Innovation Services

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

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

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