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

Bengaluru-based Manipal Hospitals cements top spot with major expansion, aims IPO

manipal hospital

For Luxmi, the Brew Tea deal ticks key boxes in its strategy, mainly, focusing on quality and branding

Rudra Chatterjee, managing director, Luxmi Group.

The Committee of Creditors (CoC) has approved JSW Infra's resolution plan for NCR Rail Infrastructure. The plan, subject to necessary regulatory approvals, aims to expand JSW Infra's logistics

JSW Infra, JSW Infrastructure

The allegations place the next move squarely in the government's court, raising questions around Vedanta's compliance with its contractual obligations and governance standards in managing a company

Vedanta

Chairman vows transparency after US short-seller's allegations

Vedanta Chairman Anil Agarwal

The Bengaluru-based firm aims to double its role in defence aircraft output, targeting a 15% platform share in 3-5 years as it expands capabilities and workforce to meet rising global aerospace demand

Rossell Techsys Managing Director Rishab Gupta

Sketched out on an air sickness bag, the first Birkin bag that gave birth to fashion's must-have accessory sold for a record 7 million euros (about $8.2 million) at auction in Paris on Thursday.
The huge amount  which drew gasps and applause from the audience  crushed what auctioneer Sotheby's had said was the previous record for a handbag. That was $513,040, for a White Himalaya Niloticus Crocodile Diamond Retourne Kelly 28.
Now, the original Birkin bag, named after the actor, singer and fashion icon that Herms created it for  the late Jane Birkin  is in a new league of its own.
The bidding started at 1 million euros ($1.17 million) and quickly became stratospheric.
The Paris fashion house exclusively commissioned the bag for the London-born star in 1984  branding it with her initials J.B. on the front flap, below the lock  and delivered the finished one-of-a-kind bag to her the following year, the auction house said.
The subsequent commercialized version of Birkin's bag went on 

Birkin bag (Image: X/@Sothebys)

The subsequent commercialized version of Birkin's bag went on to become one of the world's most exclusive luxury items, extravagantly priced and with a yearslong waiting list

With assets under management of over ₹12 billion, Infinity offers loans to entrepreneurs and small business owners in India's smaller cities, supporting them in achieving their growth goals

Shrikant Ravalkar, Founder, MD & CEO Infinity

At the heart of the monetisation game, companies are betting on two pillars: In-app purchases and revenue from advertising

online gaming

The company has raised $18 million to expand tech-enabled farming platform that connects smallholders directly to consumers seeking chemical-free staples

Khetika

Clean-label food startup Khetika on Monday said it has raised USD 18 million, or about Rs 154 crore, from a clutch of investors for expansion.
Narotam Sekhsaria Family Office and Anicut Capital, along with existing investors Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums participated in the funding round, a statement said.
The company, which aims to make preservative-free food accessible to every Indian household, plans to use the funds to fuel growth, brand building and operational expansion, the statement said, adding that it will also provide secondary exit to early investors.
The Mumbai-based company sells products through e-commerce platforms and large retail stores only, and is aiming to expand into new cities and build teams across innovation, marketing, and operations.
The company's co-founder and chief executive, Prithwi Singh said at a time when the Indian food sector is grappling with "adulteration and high use of harmful chemicals" Khetika procures

startup, startup funding, funding

Clean-label food startup Khetika on Monday said it has raised USD 18 million, or about Rs 154 crore, from a clutch of investors for expansion.

Zomato founder Deepinder Goyal has bought a nearly 11,000 sq ft apartment in DLF's ultra luxury project in Gurugram for Rs 52.3 crore, according to Zapkey.
Goyal, who co-founded food delivery platform Zomato, bought this apartment in 'DLF Camellias' project from DLF Ltd in August 2022.
The registration of this property has been done in March this year, as per the Zapkey, which has seen and reviewed the registration document.
Goyal bought an apartment, having 10,813 square feet super built up area, in 'DLF Camellias' project on Golf Course Road, DLF phase-5 for Rs 52.3 crore, Zapkey said.
According to market experts, the value of this property is now between Rs 125 crore and Rs 150 crore.
In Gurugram, housing prices have surged significantly in the last three years.
Many industrialists and top executives have bought apartments in the DLF Camellias project.
After the success of DLF Camellias project, DLF Ltd has launched another ultra luxury project 'The Dahlias' at same location.

Deepinder Goyal, Zomato CEO

According to market experts, the value of this property is now between ₹125 crore and ₹150 crore

IDFC First Bank chief says not insuring the microfinance portfolio earlier worsened FY25 losses but confirms that 66 per cent of the book is now covered under CGFMU

V. Vaidaynathan, MD and CEO, IDFC First Bank, V Vaidaynathan

One thing that I have learnt about India is that it doesn't stay still for long, it evolves and changes every time. India is an incredibly important country

Dominic Taylor

European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis.
Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally across the nation so that the industry is able to execute long-term business strategies.
In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies.
"So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel growth of Indian auto industry.
It would be great if there could be uniformity in policies across the country in terms of EVs (electric vehicles) and taxation so that companies could plan nationally and

Stellantis

Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies

Parth Jindal says JSW Paints' acquisition of AkzoNobel India will strengthen decorative and industrial paint segments; Dulux, tech tie-up key to long-term strategy

Parth Jindal & Greg Poux-Guillaume

Udemy CEO Hugo Sarrazin about AI in learning, and how significant a market India is for the company

Hugo Sarrazin

Tariffs are not impacting our industry directly in the sense that they impact goods and services, says Gangadharan

Nasscom chairperson Sindhu Gangadharan

We are talking about the GLP-1 opportunity and our strong franchise in insulins. There is a huge demand in the global diabetes-obesity segment, said Siddharth Mittal

Siddharth Mittal, CEO & MD, Biocon Limited

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