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

An Air India passenger has claimed that multiple crew members were using business class seats - allegedly the same ones reassigned from paying customers

Air India, flight seats, premium economy

Essar Energy Transition's EET Fuels on Monday said it has appointed Prashant Janaswamy as its Chief Information Officer.
Prashant will lead the development and implementation of EET Fuels' digital transformation strategy, with an aim to modernise the company's technology infrastructure and enhance data-driven decision-making, a company statement said.
According to the statement, Essar Energy Transition's EET Fuels (the trading name of Essar Oil (UK)) announced the appointment of Janaswamy as Chief Information Officer.
His expertise includes digital transformation, technology modernisation, and data-driven decision-making.
He brings over 25 years of global experience across the UK, the US, India, and the Middle East, having held senior roles such as CIO, CTO, and Chief Data and Automation Officer at leading companies in the energy, oil and gas, and manufacturing sectors.
EET Fuels CEO Deepak Maheshwari said, "Prashant's appointment demonstrates our commitment to leveraging cutting-

Essar

According to the statement, Essar Energy Transition's EET Fuels (the trading name of Essar Oil (UK)) announced the appointment of Janaswamy as Chief Information Officer

Tata Group hospitality firm Indian Hotels Company has increased its footprint to 380 hotels by launching properties at 100 new locations in FY2025.
"IHCL in the last fiscal year has clocked a record 74 signings, resulting in an industry-leading pipeline of 137 hotels. This was enabled by IHCL's strong brand presence across market segments coupled with the sustained demand buoyancy," the company in a regulatory filing quoted its Executive Vice President - Real Estate & Development, Suma Venkatesh as saying.
"IHCL opened 26 new hotels in FY25, with Ginger leading the way with 9 hotels across diverse markets including commercial centres of Nagpur and Coimbatore, industrial townships like Jamshedpur, leisure destinations like Srinagar, Udaipur and Diu as well as in state capitals of New Delhi and Goa," its Executive Vice President -- Hotel Openings & New Businesses -- Deepika Rao said.
Incorporated by the Tata Group founder Jamsetji Tata, the company opened its first hotel - The ..

Tata Group’s hospitality arm and Taj Hotels’ parent company Indian Hotels Company (IHCL) on Tuesday set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

Tata Group's hospitality arm and Taj Hotels' parent company Indian Hotels Company (IHCL) on Tuesday set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

Tata Group hospitality firm Indian Hotels Company has increased its footprint to 380 hotels by launching properties at 100 new locations in FY2025.

Satpute has previously served as the president of the Fleet Business at Bridgestone Mobility Solutions and was the Managing Director of Bridgestone India

Parag Satpute

The facility, which will be a permanent fixture for the township that will come up over the years, is designed to accommodate 500 workers across 84 rooms, each measuring 10 feet by 10 feet

realty sector, real estate, housing

Sharad Gangal, chairman, TJSB Sahakari Bank, told Business Standard that the bank will continue to look for inorganic growth opportunities

Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent more than the Rs 39,880 crore raised in FY24, accord

This move is aimed at making home ownership more accessible and affordable, in line with the bank's ongoing commitment to support customers in achieving their financial goals

bank of india, BOI

In August 2023, both institutions signed a memorandum of understanding (MoU) to establish a jointly funded initiative with equal contributions from each side

startup funding investment

He further stated that they also discussed the growing interest of Indian students in studying abroad and the potential for investments in Italy's hospitality sector

easymytrip

India has improved its ranking in the frontier technologies readiness index from 48th in 2022 to 36th in 2024 out of a total of 170 economies

research & development, R&D

The Gurugram-based company plans to utilise the capital to scale its operations in the India-US corridor while expanding across the United Kingdom, Canada, Australia, Europe, and the Middle East

Xindus

We also secured large deals - not necessarily AI deals, but deals powered by AI, says TCS CEO

K Krithivasan, TCS

The Netherlands operation is structurally one of the most competitive assets in the steel industry across peers in Europe

Koushik Chatterjee

In India, we'll price our beverages starting at ₹99 for an espresso and ₹129 for an Americano, going up to ₹329, said Sanjay Mohta, vice-president and general manager, India, Kenangan Coffee

Edward Tirtanata, Sanjay Mohta

India's strength lies in software engineering and development. Historically, the country did not have much success in robotics. But that has started to change

Karan Mohla, General Partner, B Capital

We're actually huge in India, it is the number one demographic for us, says Barrie

Matt Barrie, CEO, Freelancer

We have a current rental income of ₹150 crore which is expected to cross ₹700 crore on annuity basis in the coming three to five years, says Vachani

Sahil Vachani, MD & CEO, Max Estates

Rekate talks on uncertainties due to global tariff wars, how Indian companies are navigating these challenges, and why India continues to be an important market for the American lender

Jason Rekate, Global Co-Head of Corporate Banking, Citi

We have created a bunch of tools to automatically analyse what is going inside the truck and predict which part fails when. That makes our warranty business more profitable, says Vaidya

Raghavendra Vaidya, managing director (MD) and chief executive officer (CEO) of DTICI

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