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 3-million sq ft township in MMR will offer 4,600 homes and high-street retail, with infrastructure boosts like Metro Line 13 and the Delhi-Mumbai Expressway to aid growth

The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.

SBI MF enters the specialised investment fund segment under the Magnum brand with equity and hybrid offerings, joining other major AMCs in launching high-ticket SIF products

D P Singh, Deputy Managing Director and Joint Chief Executive Officer, SBI MF

Clean energy firm Gentari and Shell India have formed a strategic partnership to improve electric vehicle (EV) charging accessibility nationwide, according to a company announcement on Thursday.
The partnership aims to provide access to a collective network of over 450 EV charging points across India.
"Effective July 10, Shell Recharge charging points will be accessible through the Gentari Go app, and Gentari chargers will be available to Shell Recharge users, giving them access to a network of more than 450 chargers," Gentari said in a statement.
The partnership aims to significantly enhance EV charging accessibility and service quality in India by enabling roaming between Gentari Go and Shell Recharge.
Gentari Go provides users with access to a growing network of over 5,000 charging points across India, Malaysia, and Thailand. In India alone, Gentari Go features more than 3,000 charging points. This network will increase with the integration of Shell Recharge's strategically loca

ev charging

The partnership aims to significantly enhance EV charging accessibility and service quality in India by enabling roaming between Gentari Go and Shell Recharge

Amazon expands its 10-minute delivery service to Delhi, stepping up its quick commerce push with ₹2,000 crore investment

Amazon

IPO-bound travel-tech unicorn OYO on Thursday announced its partnership with travel agent platform Yatra to strengthen its presence in the business travel segment particularly in key centres such as Delhi-NCR, Mumbai, Bengaluru.
As part of this alliance, more than 500 company serviced hotels of OYO have already been on-boarded for the first time on Yatra's platform.
It includes hotels under mid-premium and premium brands such as SUNDAY, Palette, Clubhouse, Townhouse, Townhouse Oak and Collection O for business travellers across India.
OYO is planning to add 1,000 more company serviced hotels for booking on Yatra's platform by September this year, the company said in a statement.
This will strengthen Yatra's inventory, especially in emerging metros where the demand for quality accommodation is surging due to increased business travel, it added.
According to estimates, India's business travel spending reached USD 38.2 billion in 2024, reflecting robust growth and positioning the cou

As part of this alliance, more than 500 company serviced hotels of Oyo have already been on-boarded for the first time on Yatra's platform

Realty firm Puravankara Group on Thursday said it has partnered with a landowner to develop a housing project worth around Rs 1,000 crore at Balagere, in East Bengaluru.
In a regulatory filing, the company informed that it has signed a joint development agreement (JDA) for a 5.5-acre land parcel in East Bengaluru, with an "estimated gross development value (GDV) of over Rs 1,000 crore."
The land parcel offers a total combined saleable area of 0.83 million square feet.
Puravankara did not mention the name of the landowner with whom it has signed the JDA and also did not disclose the revenue or profit sharing structure.
The project, located in Balagere, is expected to be launched in the next 6-9 months.
Ashish Puravankara, Managing Director of Puravankara, said, "This joint development underscores our sustained growth strategy and reaffirms our confidence in East Bengaluru, one of the city's most dynamic and promising micro-markets."
Mallanna Sasalu, CEO - South, Puravankara Ltd, s

infra construction

Realty firm Puravankara Group on Thursday said it has partnered with a landowner to develop a housing project worth around Rs 1,000 crore at Balagere, in East Bengaluru

The acquisition boosts Manipal's bed capacity to 12,000 and adds 11 Sahyadri hospitals across Maharashtra as Ontario Teachers' exits with 2.5x return on investment

Manipal Health Enterprises

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.

Startup plans IPO in 12-18 months as global order book swells

manufacturing

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

Mukul Rohatgi, representing HDFC Bank CEO Sashidhar Jagdishan, assures no threat of arrest, calls FIR "malafide" as Supreme Court defers case to Bombay High Court for hearing on July 14

HDFC Bank's Managing Director and CEO Sashidhar Jagdishan

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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