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 Ministry of Skill Development and Entrepreneurship and Swiggy on Saturday launched an initiative to provide skilling and employment opportunities within Swiggy's food delivery and the quick commerce network.
The partnership will benefit 2.4 lakh delivery partners and staff of restaurant partners associated with Swiggy.
The initiative will provide employment, internship and training opportunities for people in restaurant operations, and various aspects of retail management.
Under the Swiggy Skills initiative, its delivery partner platform will be integrated with Skill India Digital Hub (SIDH), providing access to online skill development courses, certifications, and training modules to Swiggy's workforce.
Jayant Chaudhary, Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship (MSDE), said, "Today's partnership showcases how public private partnerships can accelerate and create new avenues for the workforce in the (logistics) sector. There are hu

swiggy

The initiative will provide employment, internship and training opportunities for people in restaurant operations, and various aspects of retail management

Drug firm Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company.
"In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday.
It said the company has acted and continues to act in compliance with all applicable laws.
On Friday, the Congress' media and publicity department head, Pawan Khera said that between 2018 and 2024, Madhabi Buch - as a whole-time member and later chairperson of Securities and Exchange Board of India (SEBI) - had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services, a company affiliated to Wockhardt.
Mumbai-based Wockhardt was being investigated by SEBI for various cases, including that of insider trading during 2023, he said at a press conference at the AICC headquarters in Delhi.

Wockhardt

"In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday

Air India, which was privatised in 2022, achieved its highest consolidated revenue of Rs 51,365 crore for FY24, marking a 24 per cent rise from the prior year

Air India

Byju's statement further added that they had 'multiple call recordings', where  BDO representatives explicitly suggested backdating these documents, which Byju's refused to do

Byjus, Byju

Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers, an official said.
The  joint ventures between Tata Power and the Odisha government, placed orders worth Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs by the Discoms over the past three years since taking over the state's power distribution operations.
These contracts, spread across two major categories like materials and services, have been awarded to local contractors and suppliers.
Odisha discoms - TP Central, TP Southern, TP Northern, and TP Western Odisha Distribution Limited have forged agreements with 6,645 local vendors and suppliers, the official said.
The company in a statement said that these collaborative partnerships serve as the backbone for day-to-day operations and services, with a special emphasis on encouraging local vendors to employ residents from the nearby regions.
Within the service sector, covering meter reading, billing, network .

Tata Power

The joint ventures between Tata Power and the Odisha government, placed orders worth Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs

But these claims still need to be reconciled with the complete and accurate books of accounts and records from the corporate debtor, in this case, the former management of Byju's

Byju's

Vistara on Saturday said it is dispatching an alternative aircraft along with a fresh set of crew to fly the passengers of its Mumbai-Frankfurt flight to their destination after it was diverted to Erzurum Airport in Turkey due to an alleged bomb threat on Friday.
The substitute aircraft is expected to arrive at the Turkish airport by 12.25 (local time) and depart for Frankfurt with all passengers by 14.30 hours (Local time), Vistara said in an updated statement of X (formerly Twitter).
The flight UK 27, operating on Mumbai-Frankfurt route, departed from Mumbai at 1.01 pm on Friday after a delay of an hour and was scheduled to arrive in Frankfurt (Germany) at 5.30 pm (local time).
The Dreamliner 787-9 aircraft was, however, diverted to Turkey after the airline's crew on-board found a paper note stating that there was a bomb on the aircraft, Vistara sources had said.
According to an AP report, the aircraft had 247 passengers and crew on board.
The flight landed safely at Erzurum Air

Vistara flight plane

It said that all the necessary checks have been conducted and the customers, along with the crew and aircraft, have been cleared

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

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

Zepto

RecommerceX focuses on recovering valuable materials such as metals, plastics, and e-waste

RecommerceX

This comes at a time when e-commerce and quick commerce companies are expanding their supply chain infrastructure ahead of the festival season

flipkart

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

We don't believe in fire sale, says Vibha Padalkar

Vibha Padalkar, MD & CEO,  HDFC Life

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

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

aghu Panicker, CEO, Kaynes SemiCon

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