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

Presently, Air India Express operates a fleet of approximately 90 aircraft, whereas full-service airline Air India has around 210 planes

Air India Express aircraft (Photo: Reuters/Almaas Masood)

Air India Express

The government on Friday said that once Adani's Kutch copper refinery is ramped up to full capacity, which is likely by early next year, the country will be self-sufficient in refined copper.
In a statement, the mines ministry said that till that time some amount of import of refined copper will take place in India.
"Adani's Kutch Copper Refinery has since come into production. However, as per company officials, ramp up to full capacity will require some more time (about Feb-March 2025). Once achieved, India will be self-sufficient in refined copper, and will not have to rely on imports," it said.
In the last fiscal, India imported about 3,63,000 tonnes of refined copper cathode worth Rs 24,552 crore. Japan accounts for about two-thirds  67 per cent-- of the refined copper imports.
In quantity terms, about 69 per cent of the country's refined copper imports come from Japan.
Tanzania is India's second important source of refined copper, contributing about 18 per cent of the imports

copper

In quantity terms, about 69% of the country's refined copper imports come from Japan

Raises FY25 capital expenditure by 72% compared to FY24

Tata power

The value of the deal is reportedly pegged at $250 million, although the company did not voluntarily disclose the deal size on the exchanges

Paytm

Smart is a market leader in New Zealand, serving municipal, commercial, and consumer segments

deal

GMR Hyderabad Air Cargo on Friday announced that it has secured the prestigious Customs Trade Partnership Against Terrorism (CTPAT) certification.
CTPAT, a voluntary program led by U.S. Customs and Border Protection (CBP), is designed to strengthen the security of international trade by establishing a partnership between U.S. Customs and the trade community.
A press release from GMR said this achievement underscores GMR Hyderabad Air Cargo's (GHAC) commitment to maintaining the highest standards of security in its operations and enhancing the security of the global supply chain,
Pradeep Panicker, CEO  GMR Hyderabad International Airport Ltd said The certification from CTPAT is a significant milestone for GHAC. This certification not only strengthens our security framework but also reinforces our commitment to provide world-class cargo services that meet the highest global standards. We look forward to continuing our work in creating a safe and efficient air cargo environment for our

GMR Group

A press release from GMR said this achievement underscores GMR Hyderabad Air Cargo's (GHAC) commitment to maintaining the highest standards of security in its operations

Flipkart has announced its 'End of Season Sale' (EOSS) event beginning December 7, 2024

Flipkart

Moreover, UP has planned to develop India's first artificial intelligence city in Lucknow, and set up an exclusive fund for the emerging technology to boost the AI ecosystem and foster AI startups

Indian edtech sector online learning online education edtech funding startup funding

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

(From left) Deep Agrawal, Head of Payment, PhonePe; Vishal Gupta, CEO, PhonePe Insurance; and Hemant Gala, CEO, PhonePe Lending

While announcing its September quarter results, management at Swiggy said its growth strategy for Instamart is based on hyperlocal expansion

startup funding investment

Science and Technology Minister Jitendra Singh on Tuesday invited Israeli startups to collaborate with Indian firms on the National Quantum Mission.
Singh made the offer to Israel's Industry and Economy Minister Nir Barkat who met him here.
The two leaders discussed collaboration in startups in the space, quantum technology, agriculture and health sectors.
Singh invited Israeli startups, known for their pioneering work in quantum computing, to partner with Indian institutions to co-develop critical quantum technologies.
"India and Israel can supplement each other in this domain  India with its large market, manpower, and opportunities, and Israel with its cutting-edge innovation," Singh said.
India's National Quantum Mission aims to harness quantum technologies to bolster sectors like communication, cryptography, and computing, he said.
Singh said Israeli startups and researchers could play a vital role in co-developing critical technologies, leveraging their experience for mutua

Jitendra Singh

Singh invited Israeli startups, known for their pioneering work in quantum computing, to partner with Indian institutions to co-develop critical quantum technologies

We will close this year with 130 operating hotels and add almost 20 operating hotels next year, said Nikhil Sharma, MD,  South Asia, Radisson Hotels group

Nikhil Sharma, Radisson

He highlighted that private wealth investors are diversifying portfolios and prioritising stable, income-generating assets

Lee Elliott, partner and global head of occupier research at Knight Frank

Ervin Tu and Ashutosh Sharma of Prosus talk about their strategies for India and beyond

Chief Investment Officer Ervin Tu and Ashutosh Sharma, head of growth investments for India and Asia at Prosus

The steel industry is clearly in a down-cycle

Koushik Chatterjee

Sinha said Myntra touched 70 million monthly active users during this festive season, and the Gen Z customer base doubled in one year

Nandita Sinha, CEO, Myntra

She says that the firm will hire its India head of customer success, ramp up the R&D centre to strengthen Udemy's core platform and build more AI features into its platform

Caoimhe Carlos, VP, global customer success, Udemy

Majety said that he is expecting to see a new wave of opportunities and selection opening for the quick commerce business

(From left) Rohit Kapoor, CEO of Swiggy’s Food Marketplace, and Sriharsha Majety, Managing Director and Group CEO, Swiggy

(From left) Rohit Kapoor, CEO of Swiggy's Food Marketplace, and Sriharsha Majety, Managing Director and Group CEO, Swiggy

Prashant Kumar discussed the bank's deposit strategy, loan growth trajectory, the status of stake sale, and other key developments

Prashant Kumar, MD & CEO of YES Bank

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