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 National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd's petition against an NCLT order approving the sale of Hyderabad-based Golden Jubilee Hotels.
The appellate tribunal upheld the earlier decision of the National Company Law Tribunal (NCLT), allowing the bid of a Singapore-based entity and said the business decision by the majority of the CoC (Committee of Creditors) "cannot be questioned or looked into".
"This recent judgment leaves no doubt about reinforced faith in commercial wisdom of CoC and little scope of any judicial intervention," said a two-member bench of the NCLAT.
Earlier, the Hyderabad Bench of NCLT had approved the bids of Singapore-based BREP Asia II Indian Holding Co II (NQ) PTE on February 7, 2020, which was challenged before NCLAT by EIH, a flagship company of The Oberoi Group.
EIH, which was managing Golden Jubilee Hotels and has 16 per cent shareholding, contended that it could not be treated as a promoter and become ...

hotel

EIH, which was managing Golden Jubilee Hotels and has 16 per cent shareholding, contended that it could not be treated as a promoter and become 'ineligible' to be part of the resolution plan

Hospitality firm Sarovar Hotels is broadening focus towards highway hotels and resorts close to major cities, capitalising on the country's rapidly expanding roads network, a top official said.
The hotel chain has 80 projects in the pipeline over the next few years as part of its expansion plan, he said.
"Highway hotels and resort-concept properties close to cities, within three-four hour journey, are a new high-growth segment for hospitality, at a time when competition is getting intense in urban centres," Sarovar Hotels Chairman Ajay K Bakaya told PTI in an interview.
He said this strategic shift aligns with the ongoing road infrastructure development in the country.
Enhanced connectivity is opening up opportunities for leisure and business travel, creating demand for accessible and convenient accommodation options, he said.
"We haven't seen such development of highways in the past. Around 10,000 km of national highways are being constructed annually, which is remarkable. It is 

Sarovar Hotels

Enhanced connectivity is opening up opportunities for leisure and business travel, creating demand for accessible and convenient accommodation options, official said

Gujarat-based Suchi Semicon has started production of semiconductors without the Centre's incentive and plans to invest USD 100 million in three years, a top official of the company said on Sunday.
Suchi Group Chairman and Suchi Semicon founder Ashok Mehta said though the company has applied for the Centre's incentive under SPECS (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors) and India Semiconductor Mission, it does not want to hold on to production for the sake of incentives.
"We have a full proof business plan. Our business plan is not primarily for incentives. We have set up a plant to do business. The Centre's approval will come when we meet their requirements. We have made USD 100 million (about Rs 840 crore) investment plan over three years," Mehta said.
He said that the state government has approved 20 per cent incentives for the plant.
"At the time of Covid when there was shortage of semiconductors, Prime Minister Narendra Modi had asked

semiconductor

Suchi Group Chairman and Suchi Semicon founder Ashok Mehta said though the company has applied for the Centre's incentive under SPECS and India Semiconductor Mission

Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its domestic steel manufacturing capacity.
Tata Steel will also operationalise two new iron mines namely Kalamang West and Gandalpada as part of its strategy to ensure raw material security, the company's Vice President, Raw Material, D B Sundara Ramam told PTI.
At present, Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand.
Ramam said raw material plan has been carved out as leases of four mines  -- Noamundi iron ore mine (being operated since 1925), Katamati and Khondbond (since 1933) and Joda East (1956) --  are expiring in March 2030.
While two other mines NINL (Mithirda) and Vijay II will continue to remain operational. The mines came along acquisition of NINL plant and Usha Martin's steel business, he .

Tata Steel, Tata

Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand

UPL-Sustainable AgriSolutions (UPL-SAS) is spearheading a transformative approach to Indian agriculture, leveraging technology, digital innovations, and a holistic strategy to address the complex challenges facing the country's farming ecosystem, CEO Ashish Dobhal revealed in an exclusive interview.
With agriculture spanning 400 million acres and involving 130 million farmers, 80-85 per cent of whom are smallholders, the company is reimagining its role from a crop protection product seller to a comprehensive solution provider.
"Each state has its own nuance, cropping pattern, and cultural nuances of farming," Dobhal explained, underscoring the intricate landscape of Indian agriculture.
Emerging from a challenging period, Dobhal confidently asserted that "the worst of the industry downturn is behind us."
UPL-SAS, a subsidiary of UPL Ltd, is implementing a multi-pronged strategy to revitalize its performance with key strategic priorities.
These priorities include developing crop ...

Farmers, Farmer, agriculture

With agriculture spanning 400 mn acres and involving 130 mn farmers, 80-85 per cent of whom are smallholders, UPL-SAS is reimagining its role from a crop protection product seller to solution provider

Japanese auto major Nissan's plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official.
The company, which has increased headcount at its Chennai plant by 600 to add a third shift, does not foresee steps to cut 9,000 jobs and 20 per cent production globally having an impact on India as long as it remains competitive in the market, Nissan India Operations President Frank Torres told PTI.
"Nissan is betting big on India...and the plans (for India) remain intact despite this global turbulence," he said.
Torres was responding to a query on whether the announcement for global job and production cuts will have an impact on Nissan's India operations.
"Contrary to the perception, in India, we are strengthening our members, growing our production, and we just included almost 600 new employments in our manufacturing plant in Chennai," Torres said.
"This

NIssan

Earlier in July this year, Nissan India announced that it is looking to introduce five models over the next 30 months as it looks to turn around its operations in the fast-growing Indian car market

The section of Akasa Air pilots wrote to Civil Aviation Minister K Rammohan Naidu and highlighted alleged unfair practices, harassment and safety concerns.

Akasa Airlines, Akasa

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

Spacetech startups are leveraging small satellites, cost-effective launch solutions, and the use of AI to introduce affordable technology that has a wide range of applications

Chandrayaan 3 replica at a startup and tech event in Bengaluru. (Photo/Peerzada Abrar)

Spacetech startups

Aurm, a Bengaluru-based firm brings technology equipped lockers to gated societies, offering 24/7 access, military-grade security, and even insurance coverage

Aurm’s technology equipped personal locker facility as seen in Adarsh Palm Retreat Bellandur Bengaluru.

Aurm

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

RPG Group company CEAT has entered into an agreement with Michelin to acquire the Camso brand's off-highway construction equipment bias tyres and tracks business

Arnab

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

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

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