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

Ride-hailing app Uber on Tuesday said it has tied up with Refex Green Mobility to deploy 1,000 electric vehicles across key cities by 2026, furthering its efforts to boost electric vehicles on its platform.
The collaboration aligns with Uber's global objective of providing 100 per cent emission-free rides by 2040, the company said in a statement.
The deployment will see electric four-wheelers onboarded onto the Uber platform across Chennai, Hyderabad, Bengaluru, and Mumbai, it added.
"Uber is committed to accelerating the shift to zero-emission mobility in India, and this partnership with Refex eVeelz is a significant step in that direction," said Aditya Kapoor, Head, Supply and Electrification, Uber India and South Asia.
The company remains focused on removing barriers to EV adoption and driving the transition to a greener future through partnerships to build a sustainable future for all, he added.
"This collaboration, in addition to our currently existing B2B as well as B2C ...

Women Uber drivers, female rider

The deployment will see electric four-wheelers onboarded onto the Uber platform across Chennai, Hyderabad, Bengaluru, and Mumbai

Vodafone Idea failed to meet the March 10 deadline to clear its 2015 spectrum dues, risking government action, while also facing a Rs 16.73 crore GST demand notice from tax authorities

vodafone idea vi

MSME-focused fintech Progcap on Tuesday said it has launched a programme to offer collateral-free loans of up to Rs 10 lakh to women-led small and medium enterprises in the next three years.
The fintech, which is backed by Peak XV (previously Sequoia Capital India), Google and Tiger Capital, among others, seeks to empower 10,000 women-led MSMEs in semi-urban and rural India by FY27, Progcap said in a statement.
"Progcap has introduced ProgShakti Development Program, wherein women entrepreneurs can access loans of up to Rs 10 lakh and get certified through capacity-building knowledge sessions helping them grow their businesses," it said.
Aligned with the government's 'Viksit Bharat' vision for 2047 and the goal of increasing women's workforce participation to 70 per cent, Progcap's initiative offers customised credit to women-led enterprises and eliminates the need for a male co-applicant while assessing the creditworthiness, Progcap said.
Founded by Pallavi Shrivastava and Himanshu

loans, debt

The fintech, which is backed by Peak XV (previously Sequoia Capital India), Google and Tiger Capital, among others, seeks to empower 10,000 women-led MSMEs by FY27

E-commerce major Amazon India has partnered with Youth4Jobs Foundation to support women sellers with disabilities by providing essential resources, tools, and training to succeed in the digital e-commerce ecosystem.
Under the partnership, Amazon Saheli programme will conduct workshops and provide onboarding and account management support for these women sellers, according to a company statement.
The alliance aims to bridge the gap between talented women with disabilities and wider market opportunities, and help them leverage the Amazon platform to grow their business online, it said.
The women sellers will get hands-on training in digital marketing, performance marketing, product listing optimisation, and advertising solutions to help them establish a robust online business.
They will also get access to data-driven insights and metrics to attain a greater understanding of customer behaviour, expectations, and key market trends.
"Our collaboration with Youth4Jobs aims to support wo

Amazon

Under the partnership, Amazon Saheli programme will conduct workshops and provide onboarding and account management support for these women sellers

The Sebi warning pertains to issues related expenses and fee timelines in its debt offerings between April 2022 and April 2024

Securities and Exchange Board of India, Sebi

With this fresh equity infusion, goSTOPS, founded in 2014, aims to increase its capacity from 2,500 to 10,000 beds across 100 locations over the next 24 months

Funding, Fund raising, Funding round

The recent trigger for the stock is the acquisition of US-based Checkpoint Therapeutics

Sun Pharma

These two segments, however, focused on deals under $10 million, which accounted for 60-70 per cent of total deals in 2024

Venture Capital

New Delhi-based education provider, which started in 1988, is now ramping up its presence in smaller Indian towns, betting on the growing demand for quality coaching in Tier 3 and Tier 4 cities

Deepak Mehrotra, MD and CEO, Aakash Educational Services Limited (AESL)

The department had last week sought expressions of interest from interested entities for project funding under the PRIP scheme

pharma medicine drugs

The Blackstone-backed firm had shut down its study abroad and fresher upskilling verticals in 2024 as they failed to generate the expected outcomes

Krishna Kumar, Founder and CEO, Simplilearn

Karine Allouche, general manager for enterprise at Coursera, highlighted that 95 per cent of Indian higher education leaders believe micro-credentials help create job-ready graduates

Karine Allouche,

Lim and Sood say they are bullish on infrastructure, consumer, technology, and healthcare sectors, and see opportunities in Indian despite global uncertainties

GIC CEO Lim Chow Kiat (left) with Pankaj Sood, head of India and Africa, PE | Picture: Company

Says nothing is too late in the media and entertainment industry. If you get the content right, the audience will follow

Punit Goenka, MD & CEO at Zee Entertainment Enterprises

Considering what we have in the Indian market, Volvo is very competitively placed. We are performing quite well in different segments, Malhotra said

Jyoti Malhotra, MD, Volvo Car India

The Ordinance has excluded Reserve Bank of India (RBI)-regulated entities (REs) which are in this business

JIJI MAMMEN, ED&CEO, Sa-Dhan

'We have installations  of about 6 Gw in solar and 5 Gw in wind energy, and a pipeline of 15 Gw,' said Sumant Sinha, chairman and chief executive officer of ReNew

Sumant Sinha

"In India, we're witnessing distinctive travel trends, including spiritual and religious tourism" said Laura Houldsworth, MD & VP, APAC, Booking.com

Laura Houldsworth

We will take initiatives on Casa next financial year, says Ashok Chandra

Ashok Chandra, MD & CEO, Punjab National Bank

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