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

Adani Airports Holdings Ltd, the Adani group firm that operates seven airports in the country, has launched 'aviio' digital platform to provide passengers real-time data on variety of airport accesses - from wait times to gate change and bags on belt.
Aviio aspires to bring the aviation community together to collaborate and serve passengers better, a top official said.
By enabling airport stakeholders to access real-time data, passengers can expect easier access to airport information in the form of updates related to security checks, wait times, gate change and bags on belt, among other aspects, he said.
With this path-breaking initiative, AAHL, a subsidiary of Adani group's flagship Adani Enterprises Ltd, aims to serve the aviation community and set new standards for airport operations management and passenger experience.
With seven operational airports in its stable, and one more expected to go live during the middle of 2025, this platform for B2B services has been conceptualise

Adani airports

By enabling airport stakeholders to access real-time data, passengers can expect easier access to airport information in the form of updates related to security checks, wait times, gate change

Skoda already has four models in India, including SUVs and sedans, but this is the first time the carmaker is considering bringing hybrid cars to the South Asian nation

skoda

The write-off comes days after the airline said it will convert dues to Carlyle Aviation into equity and debentures

Spicejet

Lockheed Martin and Tata Advanced Systems announced a partnership to advance the C-130J Super Hercules project in India. The announcement comes days after Defence Minister Rajnath Singh's US visit

Lockheed Martin-Tata

The state-owned miner has already won approval for 4.7 gigawatts of generation to be built over the next six to seven years

coal india, CIL, Coal Bhawan, coal India office

Maruti Suzuki India (MSI) is looking at a significant increase in its overseas shipments by 2030, MD and CEO Hisashi Takeuchi said on Tuesday.
Speaking at the 64th annual session of industry body SIAM here, he noted that the automaker's  overseas shipments will witness "multiples of growth" in coming years.
"There is no reason why India should not target a big pie of global trade.  As Maruti Suzuki, I can tell you we are not talking about percentage growth but in terms of multiples of growth. So, our exports from India today are three times of what we had four years ago. Not only that, our exports will be 3 times of today in about 6 years from today," Takeuchi said.
The company is already exporting some vehicles back to Japan, he said.
Last month Maruti Suzuki commenced export of its sports utility vehicle Fronx to Japan.
The first consignment of over 1,600 vehicles left for Japan from Gujarat's Pipavav port.
Fronx is the first SUV from the MSI stable to be launched in Japan.
MS

maruti suzuki arena

The company is already exporting some vehicles back to Japan, he said

The unit manufactures televisions, colour monitors, refrigerators, and washing machines

Samsung

Home decor and lifestyle brand Nestasia has raised USD 8.35 million in a fresh funding round from Susquehanna Asia VC, Stellaris Venture Partners and notable angel investors.
The capital raise will scale the company's efforts in offline store expansion, new category launches, brand building, and hiring, according to a release.
Nestasia plans to expand its product range within kitchenware, drinkware, cookware, and appliances and introduce new themed categories such as home products for children (Nest Baby and Kids), among others.
Nestasia, which was founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, offers a curated selection of home decor and lifestyle products across six key categories.
"This funding empowers us to stay true to our mission to Make Home Special' by introducing fresh, on trend products, expanding our offline presence, and strengthening our brand connection with customers," Aditi Murarka Agrawal, Co-founder of Nestasia said.
Nestasia has been expanding its

Nestasia

The capital raise will scale the company's efforts in offline store expansion, new category launches, brand building, and hiring, according to a release

Pixxel becomes part of the Nasa's $476 million Commercial SmallSat Data Acquisition Program

PIxxel

The company is being run by court-appointed resolution professional Pankaj Srivastava who is inviting lenders, employees, vendors and government to claim unpaid dues

Byjus, Byju

Rival firms like Zomato-owned Blinkit already offer BNPL services to their customers through partnerships with players like LazyPay and Simpl

Zepto

We also have agreements with technology providers who have committed to sourcing their chip requirements from India, Panicker said

aghu Panicker, CEO, Kaynes SemiCon

Agarwal talks about the plans to make The Man Company a Rs 1,000 crore brand, and the focus going ahead

Harsha V Agarwal, vice chairman and managing director, Emami

Chatiwal talks about strengthening efforts to establish CNG to LNG conversion plants for servicing difficult terrains

Kamal Kishore Chatiwal, Managing Director, Indraprastha Gas Limited

Singhania says he has laid the groundwork for a promising future

Gautam Singhania, chairman and managing director, Raymond

There is a vast universe of fintechs out there and we would be reaching out to everyone to be a part of FACE. We do not have a threshold of scale or business model, said Sugandh Saxena, CEO, FACE

Sugandh Saxena, CEO, FACE

The coffee penetration in the country is around 14-15 per cent, and at a cafe level, around 25 per cent for the affluent section

Sushant Dash, CEO, Tata Starbucks

India's skilled workforce and rise of global capability centres helping demand for commercial real estate, says Karan Singh Sodi

Karan Singh Sodi, senior managing director of the Mumbai metropolitan region and Gujarat and head of alternatives, India, at global real estate investment manager JLL

Rowe talks about Syngenta's strong presence in India for a long time

Jeff Rowe, CEO, Syngenta

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