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

Press Trust of India

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

Business Standard

At $125 billion valuation, IPO size set to be over $3 billion

Akash Ambani

NDR InvIT Trust on Wednesday announced raising Rs 410 crore through the issuance of bonds primarily for the acquisition of logistics and warehousing portfolio across key markets in the country.
The issuance was anchored by the International Finance Corporation (IFC), with participation from India Infrastructure Finance Company Limited (IIFCL), which subscribed to Rs 205 crore of the total issue, NDR InviT said.
The bonds are secured, rated, listed, redeemable non-convertible debentures with a tenor of 5-years and carry a coupon of 7.61 per cent.
"NDR InviT announces the successful closure of its Rs 410 crore bond issuance, which was fully subscribed, reflecting strong investor demand for high-quality infrastructure-backed assets," the company said.
The issuance is rated AAA (Stable) by leading rating agencies, indicating a high degree of safety regarding timely servicing of financial obligations, the company said, adding the strong participation from marquee institutional investors

warehouse

NDR InvIT Trust on Wednesday announced raising Rs 410 crore through the issuance of bonds primarily for the acquisition of logistics and warehousing portfolio across key markets in the country.

Japanese lender to acquire 20% stake in NBFC via preferential allotment, marking one of the largest FDI deals in India's financial services sector

Shriram Finance

Meta had nearly 79,000 employees as of December 31, according to its annual filing

Reuters

Former JioStar executive to drive regional growth as OpenAI expands global footprint and deepens presence across key Asia-Pacific markets

OpenAI

Former Google executive Matt Brittin will be the new director-general of the BBC, the broadcaster announced Wednesday, taking the helm as the UK's national broadcaster faces an uncertain future and a USD 10 billion lawsuit from US President Donald Trump.
Brittin, 57, spent almost two decades at Google, becoming the company's president in Europe, the Middle East, and Africa. He does not have a background in broadcasting.
He said the 104-year-old BBC is "an extraordinary, uniquely British asset."
"Now, more than ever, we need a thriving BBC that works for everyone in a complex, uncertain and fast changing world," he said in a statement.
Brittin will start the job on May 18. He replaces Tim Davie, who resigned in November over criticism of how the broadcaster edited a speech Trump made on January 6, 2021, before some of the president's supporters stormed the US Capitol.
A documentary aired days before the 2024 presidential election spliced together three quotes from the speech into w

Former Google executive Matt Brittin

Brittin, 57, spent almost two decades at Google, becoming the company's president in Europe, the Middle East, and Africa. He does not have a background in broadcasting

Former Times Group CEO joins Network18 board as additional independent director, bringing multi-platform media leadership experience

Raj Jain (Image: Linkedin)

Insight Partners-led funding comes as enterprises rely more on services teams to deploy AI and improve operational outcomes across global markets

(L-R) Srikrishnan Ganesan, chief executive of Rocketlane; Vignesh Girishankar and Deepak Bala

Kiwi appoints Sumeet Basrani as chief business officer to drive growth and expand access to its credit-on-UPI offering amid rising adoption of digital payments

Fintech platform Kiwi (Photo: Company website)

Agnikul Cosmos has tested a single-piece 3D-printed booster engine, reducing manufacturing time to seven days and enabling faster, more responsive satellite launches

(From left) Srinath Ravichandran, Co-founder and chief executive officer of Agnikul Cosmos; Moin SPM, co-founder and chief operating officer, Agnikul

Court finds no prima facie case against Sumit Gupta and Neeraj Khandelwal, who claim they were victims of impersonation in Rs 71.4 lakh fraud case

coindcx

Indian diaspora has moved up the management and investment stack with every technology cycle. AI, says MR Rangaswami, is no different - but the disruption this time will spare no one, not even doctors

MR Rangaswami, Founder & Chairman, Indiaspora.

Prolonged conflict in West Asia could disrupt fertiliser supply chains and impact global planting cycles, raising risks of a food crisis, says Brazil Potash CEO Matt Simpson

Matt Simpson, CEO of Brazil Potash

Extend CEO tenure, recast roles, or name a successor - the 2027 call will shape the next decade

Infosys CEO Salil Parekh’s second term comes to an end on March 31, 2027. A formal announcement on the next steps is expected at the company’s AGM in June.

Infosys CEO Salil Parekh's second term comes to an end on March 31, 2027. A formal announcement on the next steps is expected at the company's AGM in June.

TVS Supply Chain Solutions sees limited direct impact from the West Asia crisis, with stable volumes and a strong growth outlook ahead.

Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Pham Sanh Chau

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Yogesh Mathur, Director-Sales & Marketing, HMSI

Two-wheeler demand likely to remain tepid until festival season, says HMSI

JSW joint managing director and chief executive officer Jayant Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

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