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

Samsung this week made a proposal to provide a monthly incentive of Rs 5,000 ($60) until March, more air conditioned buses, a diversified cafeteria menu and a gift card of $24 in case of a child birth

Samsung India

The National Company Law Tribunal (NCLT) has has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor -- Sunstar Industries.
Syska LED Lights, part of Pune-based SSK Group, operates in segments such as LED lights, personal care appliances, mobile accessories, home appliances, and smart watches.
The Mumbai bench of NCLT admitted the plea filed by Sunstar Industries, claiming total dues of Rs 7.70 crore and has appointed Debashis Nanda as the interim resolution professional suspending the board of Syska LED Lights, as per the provisions of the Insolvency & Bankruptcy Code (IBC).
It rejected Syska LED Lights' claims of a pre-existing dispute and said the e-mail exchanged between parties establishes its liability towards its operational creditor.
"We are of the considered view that the applicant has been able to establish the existence of operational debt and its default on the part of the corporate debtor and ...

Syska SmartLED bulb

Now, again, Syska LED Light is back to the rigours of CIRP over a petition filed by Sunstar Industries, which manufactures, designs, and fabricates electrical home appliances

Tata Power is seeking bids for over 3 Gigawatts (GW) of wind turbines, with the possibility of increasing the capacity to 5 GW over the next five years

Tata Power

Money that should be used to repay creditors was instead siphoned off to Whitehat Education Technology, a court-approved trustee for the affiliates said in court papers

Byjus, Byju

Embassy Office Parks REIT has raised Rs 2,000 crore debt to repay non-convertible debentures maturing this month.
In a regulatory filing on Tuesday, Embassy REIT said it has raised "Rs 2,000 crore of coupon-bearing debt at an interest rate of 7.95 per cent."
Embassy REIT will utilise the proceeds from this debt raise to repay its Non-Convertible Debentures (NCDs) of Rs 2,000 crore maturing in October 2024.
"We are pleased to announce this fundraise of Rs 2,000 crore, which has seen strong participation from mutual funds and banks," said Aravind Maiya, Chief Executive Officer of Embassy REIT.
This refinancing continues to allow the company to optimally control its balance sheet and positions it to take advantage of future rate cuts to raise capital.
Embassy REIT is India's first publicly listed Real Estate Investment Trust.
It owns and operates a 51 million square feet portfolio of 14 office parks in Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai.
Embassy 

Rs, Rupee, Indian Currency, 500 Rs

Embassy REIT is India's first publicly listed Real Estate Investment Trust

They have collectively invested Rs 250 crore (Rs 25 crore each) on behalf of their respective company, and plan to bring in more like-minded business leaders as equity partners in IFQM

Funding among Indian startups declined by a marginal 7 per cent in the first nine months of 2024 to $7.6 billion from $8.2 billion during the same period last year.

Analysts say Dharma would provide Saregama with a steady pipeline of big films and their music, pushing it up the value chain

filmmaking

Hyperlocal delivery startup says performance in September proves growing market share in major cities

magicpin

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

Quick commerce

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

Don Norman

What really worked for us, I think, is that none of us came from the industry but we did realise that we will be running into insurmountable problems, she said

Vrinda Kapoor, chief executive officer of 3rdiTech

He spoke on IMAX's place in the global cinema ecosystem and its India plans

Richard Gelfond, New York-based CEO of IMAX

He talks about the opportunities in India amid an ongoing protein health revolution

Antoine De Saint-Affrique, Chief Executive Officer, French food major Danone SA

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

Ravi Kumar S, CEO, Cognizant

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

Kurek discusses Oriflame's commitment to the direct-selling model, its plans to expand its women-led sales force, and how India remains a priority market

Edyta Kurek, senior vice president of Oriflame India and Indonesia

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

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