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

Life Insurance Corporation (LIC) on Tuesday said it has pared its stake in DCM Shriram Industries by more than 2 per cent to 4.66 per cent over a period of about three years.
In a regulatory filing, LIC said there is a net decrease of 2.016 per cent in its holding in DCM Shriram during the period October 8, 2021, and September 13, 2024. The shares were sold at an average price of Rs 110.072.
"...the Life Insurance Corporation of India has decreased its shareholding in equity shares of DCM Shriram Industries Ltd from 58,06,760 to 40,52,635 i.e., 6.675 per cent to 4.659 per cent of the paid-up capital of the said company," LIC said.
DCM Shriram Industries is primarily engaged in production and sale of sugar, alcohol and industrial fibres.
Shares of DCM Shriram Industries settled 1.77 per cent lower at Rs 194 apiece on the BSE.

LIC. life insurance corporation

DCM Shriram Industries is primarily engaged in production and sale of sugar, alcohol and industrial fibres

The PC maker's production plant will be based in Puducherry, which will manufacture 50,000 enterprise AI servers and 2,400 high-end GPU units annually

lenovo

India, the world's second biggest crude steel producer, levies a 2.5 per cent basic customs duty and an additional 0.25 per cent social welfare tax on LNG

ArcelorMittal Nippon Steel

Air India overhaul: The revamp comes as the airline ramps up its international operations amid stiff competition from global carriers

flight, Inside Plane, Air India

The website also showed that more than half of the affected users were facing issues related to their mobile network, while others had mobile internet and broadband-related complaints

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

medical tourism

Tails Trading Group, a UK-based supplier of multi-category consumer packaged goods led by an Indian entrepreneur, has announced the sale of its private labelling arm to a large international investor consortium for GBP 395 million.
The group's labelling division has been a key supplier of a wide range of products including food and beverages, personal hygiene items, small domestic appliances and household cleaning products, with its diverse client base made up of large retailers, hotels, airlines and regional importers across North America and Europe.
Terming this as a strategic move marking a significant milestone in his company's evolution, Siddharth Shankar, CEO of Tails Trading Group, said in a statement this week: We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management.
According to the group statement, the investor consortium is led by energy major NetOil and includes companies from the consumer ..

Siddharth Shankar, Tails Trading Group

We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management, Siddharth Shankar, CEO of the company said

The diagnostics service provider will use the funds to open more labs and collection centres, along with an expansion of its home collection network

Startup funding

By transitioning qualified delivery partners into the role of sales executives, Project Next aims to enhance restaurant expansion across over 150 growing markets

swiggy

The programme- Project Next- is part of Swiggy's larger initiative Swiggy Skills, which was announced earlier this month with the Ministry of Skill Development and Entrepreneurship

The minister said that the company can be industry-led, similar to Invest India-a key body that pushes investments

Union Minister Piyush Goyal aunched the Bharat Startup Knowledge Access Registry (BHASKAR) | Photo: X / @PiyushGoyal

Commerce and Industry Minister Piyush Goyal on Monday said a decision has been taken to set up a not-for-profit company under section 8 of the Companies Act to include all initiatives and bodies of Startup India under one roof.
Goyal said the company can be industry-led, similar to Invest India, which can manage its affairs.
At present, Startup India is housed in Invest India, which is a national body to promote investments.
"We will support it as a catalyst so that policy-wise, it is on the right track. It will have an independent board and organisation structure and we would do a little oversight. The National Startup Advisory Council can also be a part of it," Goyal said.
The Startup India initiative was launched on January 16, 2016. Under this, several programmes have been rolled out to support entrepreneurs, build a robust startup ecosystem and transform India into a country of job creators instead of job seekers.
These programmes are managed by a dedicated Startup India Team

Piyush Goyal, Piyush

At present, Startup India is housed in Invest India, which is a national body to promote investments

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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