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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Havell

The Ambanis expressed their hope for deeper India-US relations to the president-elect and wished him a transformative second term of leadership at the White House

Mukesh Ambani, Donald Trump

The Full Marathon that comprises 42km, will transverse through the city's major landmarks -from the Gateway of India to the shimmering waves of Marine Drive and the Bandra-Worli Sea Link

Participants during the 20th edition of the Mumbai Marathon on Sunday. The 42 km stretch traverses through major city landmarks 	photo: Kamlesh Pednekar

The investment in the downstream unit is around $1 billion, which is part of a $7.4 billion capital expenditure aimed at increasing the upstream capacity at Hazira to 15 mt

The steel ministry has urged the Ministry of Finance to double the basic Customs duty on imported finished steel products to 15 per cent from the current 7.5 per cent in the upcoming Union Budget for 2025–26, people aware of the matter said.

ITC is sharpening its competitiveness and strengthening innovative capacity under its "Next Strategy" as the multi-conglomerate aims to be a leader in the segments in which it operates, said its Chairman and Managing Director Sanjiv Puri.
The cigarettes-to-consumer goods conglomerate has articulated a strategy of the organisation, the 'ITC Next Strategy' aiming to shape a future-ready enterprise and define the next phase of growth and profitability, Puri told PTI.
As part of the ITC Next Strategy, it identified levers of competitiveness, which include digitalisation, sustainability, innovation and supply chain efficiency, among others for its future growth.
"These have been identified as areas where specific interventions have been made to become competitive and contemporary. The objective is to keep innovating while leveraging enterprise strengths," said Puri.
The idea is to be a leader and to be a very large-scale business, in which ITC has made "appreciable progress" in its ongo

Sanjiv Puri, Sanjiv

As part of the ITC Next Strategy, it identified levers of competitiveness, which include digitalisation, sustainability, innovation and supply chain efficiency, among others for its future growth

A long-term perspective on tax structure for different automotive technologies in India would aid the industry in product development which takes a lot of time and investment, according to Skoda Auto India Volkswagen MD and CEO Piyush Arora.
Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) oversees the India operations of five Volkswagen Group brands - Skoda, Volkswagen, Audi, Porsche and Lamborghini.
In an interaction with PTI, Arora said the government is taking steps in terms of both demand creation and tax structure standpoints to promote electric mobility.
"From our point of view, a long-term vision on how the tax structures would be there for different technologies would be helpful for the industry because product development cycles are extremely long and there is also high amount of investment which goes into it. So if we have a longer perspective in terms of duties it would help," he stated.
He was replying to a query regarding the industry wishlist in the upcoming Union ...

Piyush Arora, Skoda Auto Volkswagen India

Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) oversees the India operations of five Volkswagen Group brands - Skoda, Volkswagen, Audi, Porsche and Lamborghini

This comes nearly seven months after an alleged security breach led to the loss of over $230 million worth of VDAs -about 45 per cent of the total crypto assets on the platform

crypto

The capital infusion will accelerate the company's growth trajectory through strategic investment in R&D, enhanced go-to-market investments, and aggressive global expansion

mutual fund

The GOVs of all the quick commerce players have been growing strongly. In case of Zomato and Swiggy, the GOV growth has been faster than their food delivery business

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Commerce and Industry Minister Piyush Goyal on Thursday assured "excellent" support to startups and said domestic investors are now also recognising capabilities and the value proposition of investing in these enterprises.
As per estimates, he said Indian startups have attracted about Rs 13 lakh crore funding in the last nine years, that is about USD 150 billion.
On average, startups are receiving about USD 15 billion of funds every year and in a good year, it can go up to USD 22-25 billion, he said at the celebration event of nine years of Startup India here.
"I promise you we are going to have excellent support, now also from domestic investors who are more and more aligning themselves with the startup India vision, who are more and more understanding the capabilities of young India and they are recognising the value proposition that you bring to the table," he said.
He added that funding instruments like the Fund of Funds Scheme (FFS), which is administered by SIDBI and financed

Piyush Goyal, Union Minister for commerce and industry

On average, startups are receiving about $ 15 billion of funds every year and in a good year, it can go up to $ 22-25 billion, he said at the celebration event of nine years of Startup India here

Agarwal talks about the new product, alternate fuels plans, and export roadmap

Shenu Agarwal, MD & CEO, Ashok Leyland

Says he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating

Ravi Subramanian, managing director (MD) and chief executive officer (CEO), Truhome Finance

He highlighted shifting demand dynamics, uncertainty, and the evolving role of generative artificial intelligence (GenAI)

C Vijayakumar, CEO & MD,  HCLTech

The hospitality giant has cash and cash equivalent of Rs 1,500 crore

Anil Chadha

The initial demand for electric scooters was given a fillip by the subsidy under the central government's FAME scheme

Suzuki

MRF Vice-chairman about the company's growth strategy, export roadmap, and raw material price concerns, among others

Arun Mammen

Says the public sector bank aspires to increase its Retail, Agriculture, and MSME (RAM) lending to around 60 per cent next year

Swarup Kumar Saha, Managing Director and Chief Executive Officer, Punjab & Sind Bank

Chinese EV manufacturer unveiled Sealion 7 for Indian market at Bharat Mobility Global Expo

Rajeev Chauhan, Head of Electric Passenger Vehicles at BYD India (left) and Srirang Joshi, Head of Sales at BYD India (right) at the unveiling of Sealion 7 at Bharat Mobility Global Expo on Saturday.

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