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

Press Trust of India

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

Business Standard

Coal India wants imported coal to be traded on the proposed coal exchange to improve price discovery and transparency while supplementing existing auction platforms

coal india, CIL, Coal Bhawan, coal India office

ONE Group Developers launches The Clermont in Mohali with 216 units, projected revenue of ₹400 crore and modern aluminium formwork technology for quality and timely delivery

Housing, Houses, Apartments, residential building

Reliance Consumer Products will set up its first FMCG unit in Tamil Nadu with ₹1,156 crore investment in Thoothukudi, joining Godrej, Dabur and PepsiCo in the state

Reliance Consumer Products, Reliance Retail

The Office of the Comptroller and Auditor General of India entered into a Memorandum of Understanding (MoU) with the Central Board of Direct Taxes (CBDT) here on Tuesday. The MoU was signed by Ravi Agrawal, Chairman, CBDT, and AM Bajaj, Dy CAG (Commercial  &  CRA), in the presence of CAG K Sanjay Murthy.Both organisations will collaborate to promote academic, training, and research interaction/cooperation in capacity development and research activities in areas of mutual interest.The CAG emphasised that the signing of the MoU will significantly enhance professional cooperation and capacity-building efforts, particularly in data-driven technology, between the two Departments. This MoU will serve as a strategic framework to bridge the skills gap between the two institutions and foster mutual growth.This partnership will focus on a range of initiatives, including training workshops, joint seminars, sharing audit insights based on advanced data analytics, and the use of innovative ...

CAG, CBDT

The CAG emphasised that the signing of the MoU will significantly enhance professional cooperation and capacity-building efforts

Adani calls Sebi's verdict a resounding validation, vows tighter governance, stronger sustainability, and $100 bn investments in energy and infrastructure

Adani, Gautam Adani

Indian merchants using Cashfree's international payment gateway can now accept Apple Pay, reducing errors, boosting trust, and cutting drop-offs by up to 75 per cent

cashfree payments

Gautam Adani called the 2023 Hindenburg report a direct attack on Indian enterprise, saying it became an inflection point that hardened Adani Group's resolve.

Gautam Adani, Adani

Gold savings app Gullak secured $7.5 million in Series A funding led by Chiratae Ventures to expand into smaller cities, boost brand presence and deepen jeweller tie-ups

startup funding investment

The fresh capital will be used to strengthen brand presence and marketing, expand reach across Tier-II and Tier-III cities, and deepen partnerships with India's largest jewellers

Zomato Hyperpure is a business-to-business (B2B) platform providing kitchen solutions, set up by the restaurant aggregator Zomato

Zomato Hyperpure

Bamboo-based sustainable solutions startup Amwoodo on Tuesday said it has raised USD 4 million in a Pre-Series A funding round that saw participation from Adventz Group, Rainmatter, Thinkuvate, and Caspian.
The Kolkata-headquartered company said the fresh capital will be used to expand manufacturing capacity, strengthen its direct-to-consumer (D2C) platform Ecoconsious, launch new plastic-alternative brands under the House of Amwoodo, and deepen community engagement in bamboo-growing regions.
Founded in 2019, Amwoodo has been developing bamboo-first products as alternatives to single-use plastics. It has established B2B partnerships with Himalaya Wellness, Bombay Shaving Company, and ITC Hotels, while also scaling its consumer business through Ecoconsious.
"With this support, we are not just scaling a business; we are fueling a movement to make eco-conscious living the norm, not the exception," said Agni Mitra, Founder & CEO of Amwoodo.

Startups face I-T department heat over funding through Singapore

Kolkata-based Amwoodo to use fresh funds to boost manufacturing, D2C platform, launch eco-friendly brands, and support bamboo-growing communities

Fintech firm crosses Rs 7,000 crore in revenue as adjusted EBITDA and PAT soar; diversification into lending and broking fuels growth momentum

phonepe

Abhiraj Singh Bhal discusses profitability path and ₹8.5 lakh crore market opportunity after blockbuster public debut

Abhiraj Singh Bhal, chief executive and co-founder of Urban Company

ITC Ltd chairman and managing director Sanjiv Puri on Friday said that there is a need to create business models that put people and the planet at the centre, as enterprises have a social role to play.
Speaking at an event of the Merchants' Chamber of Commerce and Industry (MCCI) here, Puri said that the "challenges are daunting because we are living in a very different world".
"There is a need to reimagine how we do business in future with a focus on innovation, sustainability, resilience and skilling. And we need to create business models that put people and the planet at the centre", he said.
Puri said circularity is a trend that is picking up.
Regenerative business models would come in, and that is an opportunity because things will be created from scratch, he said.
"Digitisation and digital transition in the services economy is a reality, and India has a big advantage. Also, resilience in the supply chain is important," Puri said.
Investments in innovation and R&D are equall

Sanjiv Puri, Sanjiv

Regenerative business models would come in, and that is an opportunity because things will be created from scratch, he said

Besides Ambani, the CBI has also filed chargesheets against Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL, RAB Enterprises Private Limited, and other entities

Anil Ambani

Delhi Police arrested Modicare MD Samir Modi under IPC Sections 376 and 506 in a rape case registered on September 10, with reports saying he will be produced in Saket court

Samir Modi

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Pham Sanh Chau

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Yogesh Mathur, Director-Sales & Marketing, HMSI

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

JSW joint managing director and chief executive officer Jayant Acharya

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