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

Sembcorp Industries on Wednesday said its arm Sembcorp Green Infra has secured a 150 MW solar project coupled with a 300 MWh Battery Energy Storage System (BESS) from Solar Energy Corporation of India Ltd (SECI).
The build-own-operate Project is part of a bid for 2GW Inter-state Transmission System (ISTS)-connected solar power projects with 4GWh of BESS, issued by SECI, a company statement said.
Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Private Ltd (SGIPL), has received the Letter of Award (LOA) for a 150 MW solar photovoltaic project coupled with a BESS of 300MWh (the project) from Solar Energy Corporation of India Ltd (SECI), according to the statement.
Subject to the execution of a Power Purchase Agreement (PPA) and upon completion of the Project, the BESS will provide on-demand power to support daily peak electricity for four hours, over a 25-year period.
The project is expected to be ready for commercial operation withi

Solar power, Solar PV, Adani

The build-own-operate Project is part of a bid for 2GW Inter-state Transmission System (ISTS)-connected solar power projects with 4GWh of BESS, issued by SECI, a company statement said

Inox Wind (IWL) on Wednesday said it has secured a 60 MW equipment supply order from Serentica Renewables.
This order is for the supply of 3 MW class wind turbines. This order is to be delivered within H1 CY25 and it will be installed at the hybrid renewable energy project site being developed by Serentica Renewables in Karnataka, the company said in a statement.
Additionally, IWL will provide multi-year post-commissioning Operations & Maintenance (O&M).
The power generated from this project will be supplied to Serentica's partners, including the Vedanta Group.
Kailash Tarachandani, Group CEO, Inox Wind said in the statement, "We are extremely pleased to establish our relationship with Serentica with this 60 MW equipment supply order.
Akshay Hiranandani, CEO of Serentica Renewables, said,  "Our collaboration with Inox Wind for this 60 MW wind project in Karnataka marks another significant milestone in our journey to deliver reliable and green energy to our partners, including .

windmill, energy, Wind energy

The power generated from this project will be supplied to Serentica's partners, including the Vedanta Group

Bharti Airtel has become the first private telecom operator to launch mobile services in Kupwara, Baramulla and Bandipore districts of Jammu and Kashmir, the company said on Wednesday.
The company said that it has deployed 15 mobile towers in Kupwara, Baramulla and Bandipore districts, which will benefit the local population and also offer essential communication connections for soldiers stationed along the Line of Control.
"Bharti Airtel has partnered with the Indian Army to bring connectivity to villages in Kupwara, Baramulla and Bandipore districts along the Line of Control in North Kashmir," the company said in a statement.
Under the Vibrant Village Programme, villages such as Kachhal, Balbir, Razdan Pass, Taya Top, Ustad, Kathi, and Cheema are now connected to the rest of the country.
These villages are located in the Keran, Machhal, Tangdhar, Gurez, and Uri valley regions, spanning the three districts of Kupwara, Baramulla, and Bandipore.
"Airtel is the only private telecom 

airtel bharti airtel

The company said that it has deployed 15 mobile towers in Kupwara, Baramulla and Bandipore districts

The non-bank financial company will offer a multitranche deal split across currencies such as the dollar, euro and dirham, the people said asking not to be identified

Shriram Finance

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice President Shinji Aoyama said

Toshihiro Mibe, right, speaks next to Makoto Uchida, during a joint news conference in Tokyo in August.

Flipkart is a stake Walmart has put down in a market where brick-and-mortar foreign retailers face stifling restrictions

Flipkart

The two companies are looking to operate under a single holding company and are expected to soon sign a memorandum of understanding for the new merged entity

Honda

Exotel's expansion into high-growth markets like Saudi Arabia, UAE, and the USA is driving new revenue streams and the company said it is poised for strong growth in FY25

AI, Artificial Intelligence

Fintech has become sixth-largest UPI app, processing over 78 million transactions in November

Super.money fintech firm upi flipkart

Space Kidz may become first Indian private firm to crash-land on the moon's surface

Moon Mission

Company plans to use the funding to expand its operations, hire talent, and for brand building

Startup funding

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

Stephen Dainton, President of Barclays Bank PLC

This partnership allows us to access IOC's 37,000 retail outlets and 13,000 LPG distributors, and they have a very strong brand presence, he says

Chetan Maini, Chairman, Sun Mobility

On quick commerce, he says a pilot for 15-minute delivery is starting in Bengaluru this month

Amazon India head Samir Kumar

Steel flat product plants are undergoing a massive margin squeeze; the results speak for themselves

Dilip Oommen - CEO, AMNS India

Jayabalan said the India GTDC is playing a crucial role for driving global innovations at the firm and the plan is to continue scaling up the centre both in terms of capacity and capabilities

Sreekanth Jayabalan, VP Transformation Officer and VP in charge of the Global Digital Technology Centre (GDTC),  at global consumer goods firm Kimberly-Clark

Agarwal expresses confidence of pick up in private capex and opportunities arising out of US president-elect Donald Trump's tariff war

Harsha Vardhan Agarwal, vice-president and managing director, Emami

We have unveiled our AI technology transformation strategy. And we have, in general, as a firm, been huge beneficiaries of using technology early, Rajeev Jain said

Rajeev Jain, MD, Bajaj Finance

The firm has already secured Rs 300 crore and aims to achieve the full target within the next 6 to 9 months, according to Ankur Bansal, Managing Director (MD) of BlackSoil

ANKUR BANSAL, co-founder and director of BlackSoil

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