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

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The company, whose shares have declined 11 per cent, has launched internal investigations and has taken legal action against Telegram and the hacker

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Ford Motor Company chairman Bill Ford Saturday said he is "saddened" by the death of industry titan Ratan Tata earlier this week.
"Ratan was a leader of vision and integrity and proved to be an excellent steward of Jaguar and Land Rover," Ford said in a statement.
Tata's legacy will continue to inspire future generations of business leaders and entrepreneurs, Ford, the great-grandson of Henry Ford, said.
Tata, who is credited with taking the salt-to-software conglomerate to newer heights during the over two decades of leading it, died at a city hospital on Wednesday after a brief illness. He was 86.
In 2008, group company Tata Motors bought JLR from Ford for USD 2.3 billion in an all-cash deal.
Ford recalled that he had met Tata only once in person and described the meeting as "warm and cordial".
The two spoke about the challenges and joys of running family businesses and our mutual love of cars during the meeting, the 67-year-old Ford added.
Denying claims of Tata feeling ...

Ratan Tata

"Ratan was a leader of vision and integrity and proved to be an excellent steward of Jaguar and Land Rover," Ford said in a statement

LIC's new plan offers simple and affordable life insurance for financial institutions to cover their members

LIC. life insurance corporation

With Navratri festivities drawing to a close, quick commerce firm Zepto co-founder and CEO Aadit Palicha took to LinkedIn to inform that the platform sold over 1 Lakh dandiya sticks during the season.
"What a day! Closing out Navratri 2024 with a grateful heart, seeing the beauty of India's diversity through our users, sellers, brands, and every Zeptonian, who made it all happen. From essentials to festive picks, thank you for making us part of India's celebrations across nine incredible days," he wrote on LinkedIn.
Through graphics, he shared that the Mumbai-headquartered firm sold 1,00,000 plus dandiya sticks during the season.
He further said sales for fasting-friendly chips, Kattu and Rajgira atta, grew significantly compared to last year's Navratri sales.
Palicha also shared how Zepto's dark stores indulged in Navratri festivities across the country.
In Coimbatore, Kochi, Chennai, and Bangalore, the stores celebrated Ayudha Puja, honouring tools and equipment. The Bhawanipore

Zepto

The company's co-founder further said that sales for fasting-friendly chips, Kattu and Rajgira atta, grew significantly compared to last year's Navratri sales

Realty firm Godrej Properties acquired six new land parcels in the July-September quarter to develop housing projects worth Rs 9,650 crore as part of its expansion plan amid strong demand.
Godrej Properties is one of the leading real estate developers in the country. It has a significant presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru.
To expand the housing business, Godrej Properties acquires land through outright purchases as well as forming partnerships with landowners for joint development.
In its latest operational updates for the July-September quarter, Godrej Properties said it has added 8 new land parcels in the first six months of this fiscal with a total estimated saleable area of about 11 million square feet and total estimated booking value potential of around Rs 12,650 crore.
This included the addition of 6 new land parcels in the second quarter of this fiscal with an expected booking value of Rs 9,650 crore.
Godrej Properties said it has .

Godrej Properties

To expand the housing business, Godrej Properties acquires land through outright purchases as well as forming partnerships with landowners for joint development

IPO-bound Hyundai India plans to invest in boosting production capacity, developing new products and platforms, and launching new models

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The National Bank for Agriculture and Rural Development (NABARD) on Saturday said it has sanctioned Rs 770 crore financial assistance for the construction of two irrigation projects in Jharkhand.
These projects were approved under the Rural Infrastructure Development Fund (RIDF) for the fiscal year 2024-25.
"NABARD has sanctioned financial assistance of Rs 769.58 crore for construction of two irrigation projects in Palamu and Giridih districts under Rural Infrastructure Development Fund during FY 2024-25," S K Jahagirdar, Chief General Manager, NABARD Jharkhand Regional Office, said.
Once completed, the project in Palamu will provide irrigation to an additional 11,000 hectares of land through pipelines across eight blocks in the district.
The megalift irrigation project in Giridih will cover 165 of the 197 villages in Pirtand block, leading to the development of 10,158 hectares of cultivable command area.
Both projects are expected to significantly enhance agricultural activities 

NABARD, Nabard

Once completed, the project in Palamu will provide irrigation to an additional 11,000 hectares of land through pipelines across eight blocks in the district

The program will provide mentorship, masterclasses, networking, and funding opportunities, along with credits worth $500,000 from over 30 technology partners

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Sonal Sinha, who joined Oyo in 2015, will be responsible for overseeing Oyo's international business operations, revenue, and spearheading strategic initiatives across the US

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Following Zomato CEO Deepinder Goyal's remark on Delhi being a better option for startups, Bombay Shaving Company CEO Shantanu Deshpande has also seconded Goyal

Shantanu Deshpande, Founder & CEO, Bombay Shaving Company.

Shantanu Deshpande

Many of the dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home

AstraZeneca Pharma India Managing Director and Country President, Sanjeev Panchal, talks to Shine Jacob about the company's future plans in an interview

Sanjeev Panchal, Country president & managing director, AstraZeneca  Pharma India

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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

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Deborah talks about the firm's high-yielding investment in Physics Wallah, the decision to not invest in beleaguered edtech firm Byju's, and investment strategy in India

Deborah Quazzo

Varun Berry and Cecile Beliot discuss capturing a larger share of the cheese market in India

Cecile Beliot, chief executive officer of Bel Group (left) and Varun Berry, executive vice-chairman and managing director of Britannia Industries

Unsoo Kim, president, CEO and MD, Wangdo Hur, executive director and CFO, and Tarun Garg, whole time director and COO of Hyundai Motor India outline their plans

(From left) Wangdo Hur, executive director and CFO, Unsoo Kim, president, CEO and MD, and Tarun Garg, whole time director and COO of HMIL - Kamlesh Pednekar

Momentum back; wish next CEO from within Cognizant: Ravi Kumar S

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