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

Meta said Wednesday that it will allow some Facebook users to view eBay listings on its Marketplace service, as it tries out a possible way to resolve European Union charges of anticompetitive behaviour that the bloc levelled last year.
The social media company said it's launching a test that will let Facebook users in Germany, France and the US browse eBay listings directly on its Marketplace online classifieds service but complete the transaction on eBay.
Meta is carrying out the trial after Brussels slapped the company in November with a penalty of nearly 800 million euros ($824 million) for what it called abusive practices involving Marketplace.
European Union antitrust enforcers accused Meta of illegally shutting out competition by tying Marketplace to its social network and automatically exposing Facebook users to Marketplace whether or not they wanted it. They also accused Meta of gaining an unfair advantage through ad-related data.
While we disagree with and continue to app

Microsoft, Microsoft logo

The government in March 2024 approved Rs 10,372 crore for the development of AI ecosystem in the country for five years

The project spans approximately 10 acres and is designed to be Hyderabad's most integrated lifestyle mixed-use development

Brigade Group

He dismissed fears of widespread job losses, arguing that new technologies often create more opportunities

Satya Nadella,Satya,Nadella

The tech giant also revealed plans to invest $3 billion in expanding its Azure cloud infrastructure in India over the next two years

The launch comes at a time when the food delivery apps in India are racing to deliver everything from biryani to hot beverages to customers' doorsteps in under 10-15 minutes

Snacc

The stock price of United Breweries closed 4.09 per cent lower in Wednesday's trade to end at Rs 1,990.50 per share on NSE.

United Breweries

Tata Group firm Titan Company Ltd inaugurated its first exclusive brand store, IRTH, under its expansion plans in Chennai and aims to achieve a revenue target of Rs 1,000 crore by FY2027 from its IRTH and Fastrack bags business divisions, a top official said on Wednesday.
The company plans to open 100 stores across the country by FY2027, showcasing its commitment to providing customers with best-in-class products and services.
The exclusive IRTH store, part of the House of Titan, was inaugurated at Phoenix Market City, Velachery, marking a significant step in IRTH's strategic expansion into South India.
IRTH bags are designed for women, created with a deeper understanding of their needs, offering premium quality at an affordable price.
The product portfolio includes handbags, totes, shoulder bags, handhelds, slings, cross-body bags, and wallets, among others.
Commenting on the occasion, Titan Company Ltd CEO of the Fragrance and Accessories division, Manish Gupta, said, "We are ..

Titan

The exclusive IRTH store, part of the House of Titan, was inaugurated at Phoenix Market City, Velachery, marking a significant step in IRTH's strategic expansion into South India

Edtech platforms, which experienced unprecedented growth during the pandemic-induced lockdown, are now grappling with a funding slowdown

Eruditus says it’s now biggest edtech player

Eruditus says it's now biggest edtech player

Edtech platforms, which witnessed unprecedented growth during the pandemic-induced lockdown, continue to face funding slowdown, shifting market needs, and operational challenges post-pandemic

India is on track to become an $8 trillion economy in 10 years and this will translate into growth in public markets, say Barath Shankar Subramanian and Abhinav Chaturvedi, Partners at venture capital

Barath Shankar Subramanian and Abhinav Chaturvedi, Partners at venture capital firm Accel.

Accel founders

While numerous AI startups are emerging, other companies are integrating AI into their existing operations

Artificial intelligence, AI

The ed-tech sector, however, was once referred to as the poster child of the country's startup landscape

Debecker spoke about Cloud services and artificial intelligence and how Wipro is preparing to be an AI-powered firm

JO DEBECKER, managing partner and global head of Wipro FullStride Cloud

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

Rossell Techsys MD Rishab Gupta discusses the firm's demerger from Rossell India and its entry into the space sector, highlighting a Rs 2,800 crore order book and a focus on defence and civil aviation

Rossell Techsys Managing Director Rishab Gupta

CII President Sanjiv Puri said that exports are facing headwinds while suggesting measures such as minimum import and anti-dumping duty

Sanjiv Puri

India has become a very important hub. But it's not the only hub for us to innovate, given our width of solutions

Shailendra Katyal, Managing Director, Lenovo India

Singh spoke about the major trends that dominated the insurance space in 2024 and the trends to look forward to in the new year

Sarbvir Singh, CEO, Policybazaar.com

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