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

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The German building materials company Heidelberg Materials AG holds a 69.39 per cent stake in its Indian subsidiary, which, at current market rates, is valued at approximately Rs 3,437 crore

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Jivi, based out of the northern Indian city of Gurugram, uses AI to suggest potential diagnoses and treatments, generate health reports and perform administrative tasks, the fund said

GST relief on health insurance: Council likely to take up 4 options

A parliamentary committee on Monday expressed its displeasure at the quality of service and falling subscriber base of the government-owned BSNL, with some MPs citing the example of poor service they receive on their own mobiles to make a point, sources said.
In their briefing to the Estimates Committee headed by BJP MP Sanjay Jaiswal, officials assured the panel of improved service in the next six months, with nearly one lakh mobile towers set to be equipped with 4G service from the existing about 24,000 towers.
The BSNL, sources said citing the statement of officials representing the company, has relied on the concept of "Aatmanirbhar Bharat" by resorting to indigenous technology. "We were told that the results will be visible in six months," an MP said.
Telecom Secretary Neeraj Mittal and Bharat Sanchar Nigam Limited's CMD were among the senior officials who attended the meeting which focussed on the organisation's performance, especially on its 4G and 5G services.
The sources s

BSNL

In their briefing to the Estimates Committee headed by BJP MP Sanjay Jaiswal, officials assured the panel of improved service in the next six months

Non-bank lender Northern Arc on Monday said one of its arms is aiming to raise Rs 1,000 crore in an alternate investment fund (AIF).
The category II AIF aims to raise Rs 1,000 crore, and has the scope to raise an additional Rs 500 crore through the green shoe option.
The "Finserv Fund" being launched by the recently listed NBFC's subsidiary Northern Arc Investment Managers (NAIM) will use the money for lending to six varied sectors which will help improve financial inclusion and economic growth, as per an official statement.
The six sectors include small businesses, affordable housing, vehicle finance, agriculture finance, microfinance and consumer finance, it said.
The AIF is targeting to invest in 45-55 entities across its four-year cycle and deliver an internal rate of return of 14-14.50 per cent to the investors, NAIM chief executive Bhavdeep Bhatt said.
The investment strategy focuses on higher risk-adjusted returns and regular investor cash flows by investing in a diversifie

Households are shifting their investment more to equities, directly as well as through mutual funds (MFs), particularly after the pandemic, at the expense of deposits.

The category II AIF aims to raise Rs 1,000 crore, and has the scope to raise an additional Rs 500 crore through the green shoe option

Founded in 2022 in Hyderabad, XDLINX Space Labs aims to make satellite technology accessible to a broader range of clients

India has more than 100 space technology startups and most were founded in the past five years. It owns 55 active space assets that include communication, meteorological and Earth observation satellites. According to a report by Tracxn, a market inte

Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about Rs 310 crore, a senior company official said.
Exicom managing director Anant Nahata told PTI that the company is setting up a manufacturing unit in Hyderabad where it will use DC (Direct Current) fast charging technology of Tritium to develop solutions for electric vehicles.
The Hyderabad facility is expected to be operational by the end of 2025.
"This strategic investment highlights Exicom's robust positioning in international markets and our commitment to expanding operational capabilities across diverse geographies. The comprehensive deal encompassing four key regions'?the UK, the Netherlands, the United States, and Australia'?amounts to USD 37 million," Nahata said.
Exicom has absorbed the entire workforce of 300 people at Tritium in the company.
"With the integration of Tritium's 300 talented individuals, Exicom will leverage synergies an

In July, electric vehicles sales in the country were nearly 28 per cent higher than in the previous month and the highest for a month in the current financial year, according to Vahan data from the Ministry of Road Transport and Highways. If you look

Nasdaq-listed Tritium designs and manufactures proprietary hardware and software to make DC fast chargers for electric vehicles

Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time

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Sankarlingam added that, globally, Zoom Phone amassed five customers with over 100,000 seats in Q1 FY25

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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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