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

The steel producer said on Monday that this represents the largest investment in green hydrogen by any Indian steelmaker

Jindal Steel and Power

Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato

Food, Menu

Reliance Retail will transfer its FMCG brands, including Campa and private labels, to its new arm RCPL to accelerate business expansion with a dedicated focus

RIL's big retail push: A dozen buys worth $4.2 billion in 2 years

reliance store

JSW MG Motor India will enter the 'accessible luxury' segment with plans to introduce four new energy vehicles in the next two years for which it is setting up a new retail channel brand, 'MG Select', according to company Chief Growth Officer, Gaurav Gupta.
The company plans to set up exclusive experience centres in 12 cities across India in the first year.
"With MG Select we will be bringing in four new products over the next two years to begin with," Gupta told PTI here.
"We will be bringing in fresh, new platforms and products and these will be across the new energy vehicles (NEV) platform. So, it will have plug-in hybrids, hybrids and electric vehicles," said Gupta, however, he clarified that MG Select is not purely an EV channel.
"The MG Select channel is for 'premium entry' of MG Motor India. It will bring in accessible luxury products for the new age customer of today," he added.
At present the entry luxury car segment in India is at a price range of around Rs 45 lakh with 

India launches probe into MG Motor as scrutiny on Chinese firms widens

MG Motor

The company plans to set up exclusive experience centres in 12 cities across India in the first year

The detention marks an escalation of a strike by workers at a Samsung home appliance plant near Chennai

Samsung

LIC expects this digital platform to be the foundation for building high-value business applications

Infosys

Torrent Power on Monday pledged Rs 64,000 crore investment for green or renewable energy projects having employment potential for 26,000 people.
Torrent Power Ltd, the integrated power utility of diversified Torrent Group, has reaffirmed its commitment towards green and sustainable future as it submitted two 'Shapath Patras' to the Union Ministry of New and Renewable Energy at the 4th Edition of RE-Invest at Gandhinagar on Monday, a company statement said.
RE-INVEST is being organised by the Ministry of New and Renewable Energy in partnership with CII.
According to the statement, the company has submitted a Shapath Patra' to achieve 10 Gigawatt (GW) of installed Renewable Energy (RE) capacity by 2030, with an investment of Rs 57,000 crore.
This investment is expected to generate direct and indirect employment for around 25,000 people.
As part of these commitments, Torrent Power on Monday signed a Memorandum of Understanding (MoU) with the Gujarat government for execution of a 5 GW

RENEWABLE ENERGY

This investment is expected to generate direct and indirect employment for around 25,000 people

Consumers are generally paying more while ordering food from online platforms and apps compared to eating at the same restaurant from which they order online

food delivery, online delivery

US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered edtech firm will have to pay the entire USD 1.2 billion Term Loan B along with interest.
The founder of Think and Learn (TLPL) and owner of BYJU'S brand, Byju Raveendran, had about a week ago said that verified debt on the company is only Rs 20 crore as per insolvency proceedings and he may not have to pay any money to the US lenders represented by Glas Trust.
"Neither Byju nor the IRP have the authority to disqualify any term loan lender 'and even if they did, BYJU's would still be obligated to repay the full amount of the loan plus interest. Any argument otherwise is illegitimate, and Byju knows it," a steering committee of the ad hoc group of term loan lenders to Byju's Alpha, Inc said in a statement.
Glas Trust has sued BYJU'S for the recovery of USD 1.2 bn TLB in US as well as in India.
Th

Byjus, Byju

The financial trouble of once the most-valued Indian edtech firm BYJU'S started after US-based lenders started legal action against the company to recover $1.2 billion TLB

Commerce and Industry Minister Piyush Goyal will on Monday launch the Bharat Startup Knowledge Access Registry (BHASKAR) initiative which will serve as a central hub where startups, investors, service providers, and government bodies can come together to collaborate, exchange ideas, and accelerate growth.
According to an official statement, it will also enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies.
The primary goal of BHASKAR is to build the world's largest digital registry for stakeholders within the startup ecosystem.
To achieve this, the platform will offer several key features such as networking and collaboration. providing centralized access to resources, creating personalized identification, enhancing discoverability, and supporting India's global brand.
"BHASKAR will bridge the gap between startups, investors, mentors, and other stakeholders, allowing for ..

Piyush Goyal, Piyush

The primary goal of BHASKAR is to build the world's largest digital registry for stakeholders within the startup ecosystem

"We are equipping them with valuable insights and strategies to thrive in the 11th edition of The Big Billion Days," said Sakait Chaudhary, business head - Marketplace, Flipkart

Flipkart

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

To tackle the growing load on its service outlets, M&M is increasing productivity, expanding bay capacity, and rolling out remote software updates

Nalinikanth Gollagunta

Sharma talks about Bajaj's mega electric vehicle play

Rakesh Sharma, executive director, Bajaj Auto

He says AI provides a huge opportunity for Indian languages to expand their reach

Vishnu Vardhan, founder, SML Generative AI

BYD plans to expand its sales touchpoints, aiming to double their number within the next 6 to 8 months, Rajeev Chauhan said

Rajeev Chauhan, Head of Electric Passenger Vehicles (EPV) Business, BYD India

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