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

Spun off from Raymond, the real estate arm expects 20 per cent Ebitda growth and 20-25 per cent bookings rise in FY26 as it prepares for listing in early July

Gautam Singhania, chairman and managing director, Raymond

Hindustan Zinc said that the new smelter and associated expansions are expected to be completed within 36 months. The investment will be funded through internal accruals and debt

Hindustan Zinc

US chipmaker Nvidia will make its debut at China's 2025 Supply Chain Expo, which is expected to feature over 650 companies and more than 100 new product launches

Nvidia to make debut at China’s key supply chain expo 2025

Nvidia CEO, Jensen Huang, Nvidia Chips

The Directorate General of Civil Aviation also asked all flying schools to conduct training compliance checks, according to the confidential memos, seen by Reuters

Air India

TVS Motor Company on Tuesday announced its foray into the Indonesian electric two-wheeler market with its all-electric scooter iQube.
The company's arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million (around Rs 1.6 lakh), TVS Motor Company said in a statement.
"Electric vehicle (EV) adoption in the two-wheeler segment of Indonesia has seen a strong growth of 101 per cent CAGR (compound annual growth rate) in the last three years. We are pleased to partner with the government efforts on promoting EVs with a reliable, high quality product and attractive pricing in the form of TVS iQube," TVS Motor Company, Senior Vice-President ASEAN, James Chan said.
The company said its electric scooter will be assembled at the PT TVS Motor Company manufacturing facility at East Karawang.
"We are constantly striving to develop EV capability across our sales and after-sales network to deliver a superior customer experience," Chan added.
TVS Motor

TVS Motor company

The company's arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million (around Rs 1.6 lakh), TVS Motor Company said in a statement

Vedanta group firm Hindustan Zinc Ltd (HZL) will invest nearly Rs 12,000 crore to double its capacity across  zinc, lead and silver verticals.
The decision was taken at HZL's board meeting on Tuesday.
"As part of 2x growth plan, Hindustan Zinc Ltd board has approved plans for expanding its integrated refined metal capacity by 250 ktpa (kilo tonne per annum) along with matching mines & mills capacity with an investment of Rs 12,000 crore," HZL said in a filing to BSE.
The expansion would be funded through internal accruals and debt.
The board, HZL said, has approved a project for setting up a 250 ktpa integrated smelter at Debari, Rajasthan along with mines and mills expansion across the mines.
The project is targeted to be completed in a period of 36 months with an overall cost of nearly Rs 12,000 crore, it said.
"We are excited to announce this 2x growth project towards doubling our capacity across zinc, lead and silver, which is strategically aligned with the country's expandin

The board has approved a project for setting up a 250 ktpa integrated smelter at Debari, Rajasthan along with mines and mills expansion across the mines, HZL said

A Lucknow-bound IndiGo flight from Goa experienced mid-air turbulence on Monday due to adverse weather conditions but the crew navigated the aircraft safely, the airline said in a statement on Tuesday.
The flight 6E 6811 landed safely in Lucknow, the airline said without divulging further details.
"IndiGo flight 6E 6811 from North Goa to Lucknow on June 16, experienced turbulence momentarily due to prevailing active monsoon weather conditions in western India," the airline said.
It further said its pilots and cabin crew, trained to handle such situations, followed "established protocols" to ensure customer safety.
Last month, a Srinagar-bound IndiGo flight from Delhi with 227 passengers, including a delegation of TMC MPs, on board encountered sudden hailstorm, prompting the pilot to report the "emergency" to air traffic control at Srinagar. All passengers deplaned safely but the nose of the aircraft was damaged.

indigo airlines, indigo

It further said its pilots and cabin crew, trained to handle such situations, followed "established protocols" to ensure customer safety

Jefferies says Amazon's late entry, app integration strategy and limited brand recall may hinder its Q/C push in India despite competitive pricing and Prime perks

Amazon

Blinkit and Zepto resume operations at closed facilities in Maharashtra after securing food safety licences and complying with corrective actions ordered by the FDA

Ecommerce majors Amazon and Flipkart, which are planning to scale up their quick  commerce (qcom) operations, may need to invest at least $1 billion each over the next two-three years to catch up with established platforms, such as Zomato-owned Blink

The Parliamentary Panel is looking into the role of the Competition Commission of India (CCI) in an evolving economy, particularly the digital landscape

fintech funding India 2025, Q1 2025 fintech investment, fintech funding slowdown, fintech SRO India, Fintech Association for Consumer Empowerment, Traxcn funding report, Neha Singh Tracxn, Sugandh Saxena fintech, RBI fintech regulations, Indian finte

Kruti, Krutrim's new AI assistant, focuses on multilingual voice-first design and India-specific service integration to stand out in the fast-growing AI assistant market

L-R Navendu Agarwal, Ola CIO, Chandra K ... AI head, Sunit Singh, SVP, Krutrim.

Jana Small Finance Bank's Managing Director and Chief Executive Officer discusses the bank's future plans and growth strategy

Ajay Kanwal, MD& CEO, Jana SFB, at the Business Standard BFS! Insight Summit 2024 in Mumbai.

We're currently in over 35 cities with taxis and aim to be present in every district headquarters, says Rapido

Rapido cofounders Pavan Guntupalli (right) and Aravind Sanka

Human memory is very short. The demand for health insurance is still fine, we still have a double digit growth, Tapan Singhel said

Tapan Singhel, managing director (MD) and chief executive officer (CEO), Bajaj Allianz General Insurance

Acquisitions are a high risk strategy; there are advantages in utilizing one's own strengths

Abhijit Roy, MD & CEO, Berger Paints

To improve the coal supply chain, the remaining 55 of 92 FMC projects will be operationalised by FY29

P M Prasad, chairman and managing director, Coal India Ltd (CIL)

PLI should've been directed at startups - the real pushers of innovation, Tarun Mehta said

Namma Yatri recently crossed 100 million rides but the traction is largely from Bengaluru and some Southern and Eastern regions

Morgenshtern noted that India is not only the company's top market for growing it's tech workforce but also one of the only three countries where it advertises

Omri Morgenshtern, global chief executive officer at Agoda

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