Godrej Properties acquires 3-acre land in Ahmedabad to build housing project worth Rs 1,300 cr
New Delhi, Oct 21 (PTI) Realty firm Godrej Properties Ltd (GPL) has acquired around 3 acres of land in Vastrapur, Ahmedabad to develop a housing project having an estimated sales of Rs 1,300 crore. The company did not disclose the deal value and the name of the seller. “The development on this land is estimated […] Key Points
ThePrintIndias billionaires double their wealth in a year, Adani tops the chart: Forbes list
India's wealthiest are now worth $1.1 trillion, more than twice as rich as they were in 2019. Key Points
The TribuneThe 127-year-old Godrej empire split: How it was resolved amicably
According to the company, Adi Godrej, who is head of the family and his brother Nadir Godrej, will retain control of the five listed companies of the Godrej... Key Points
The Tribune IndiaPune will become a part of Bombay with the Atal Setu; everything in between will be one huge megalopolis:
Nadir Godrej discusses the growth and diversification of Mumbai, mentioning the Atal Setu that has expanded the city's area. He also highlights the challenges of air pollution and the city's role as a financial hub. Key Points
Economic TimesThe company that gave India its first springless lock, veg soap, typewriter is splitting now
The conglomerate, known for its diverse products such as door locks, soaps, and space rockets, has a long history of innovation and success. The split is aimed at resolving differences and ensuring the best value for shareholders. It involves important specifics such as the usage of the Godrej brand name and land valuations. Key Points
Economic Times
Godrej Aerospace eyes parts deal with Airbus, Boeing suppliers amid soaring India plane orders
Godrej Aerospace is holding talks to manufacture aviation components and parts for suppliers of Boeing and Airbus. The discussions are taking place as airlines confirm the highest number of plane orders to date. India‘s Air India and IndiGo have orders for almost 1,000 new aircraft, meaning about 2,000 to 2,500 jets would at some point require maintenance. Key Points
Economic TimesGodrej Properties to buy 7.44-acre land parcel in Kolkata, to build housing project of Rs 1200 cr sales value
In a regulatory filing, realty firm Godrej Properties Ltd informed that it will acquire a 7.44-acre land parcel at New Alipore in Kolkata from West Bengal Housing Infrastructure Development Corporation Ltd. Key Points
FinancialexpressMeet Smita Crishna, the woman behind the Godrej empire & one of India’s richest women; Know about her journey, life & net worth
Smita Crishna-Godrej hails from the storied Godrej clan. She has a one-fifth stake in the family assets. Key Points
FinancialexpressGodrej refrigerators and their ultimate range: Explore top 10 models
Explore the top 10 models from Godrej, featuring innovative designs and cutting-edge technology. You can expect smart designs and latest technology from them. Key Points
mintGodrej Properties shares soar over 8% in trade on best ever fiscal results; Nifty Realty adds 3.6%
Godrej Properties stock price gains up to 8.3% as a result of its positive Q4FY23 and FY23 results. Key Points
Financialexpress
Britannia's Treat croissant business crosses Rs 100 crore; aims Rs 300 crore in next 3 years
Our play in the croissant category is on a firm footing now, and we believe that there is tremendous headroom for growth. We will be looking to develop the nascent category through consumer-led franchise building and popular flavour extensions. Our target is to hit the Rs 300 crore mark in three years, Britannia Industries Executive Vice Chairman & Managing Director Varun Berry said. Key Points
Economic TimesIndia's Godrej Properties posts Q2 profit rise on robust housing demand
Indian real estate developer Godrej Properties (GODR.NS) on Thursday reported a 21.5% rise in second-quarter profit, helped by a rise in demand for housing projects. Key Points
ReutersGodrej Consumer Products to raise up to Rs. 5,000 Cr via NCD issue
During today's closing session, Godrej Consumer Products, a large cap FMCG company, recorded a market cap of ₹94,364.82 Cr. Key Points
mintSamara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods
The proposed deals reflect increasing investor interest in the ready-to-eat packaged foods categories, as convenience and accessibility drive aspirational demand of western-style foods even in tier-3 and 4 markets. On top of that, quick commerce and ecommerce are enabling impulse consumption and deeper reach. Both potential deals are expected to be housed in the new $150 million roll-up platform for packaged foods. Key Points
Economic TimesPaytm a must-have in a portfolio and use Berkshire exit as a buying opportunity: Sanjiv Bhasin
“DLF and Godrej have been two of our portfolio picks, since they were at almost half the levels from where they are now. We were also very bullish on property given that asset monetisation or asset creation of wealth because of the twin rally in gold and stocks will see hard assets do well.” Key Points
Economic Times
Godrej Properties sees 15% rise in FY24 bookings value after Q4 profit jump
The Godrej Group-owned firm's consolidated net profit rose to 4.12 billion rupees ($50.34 million), from 2.60 billion rupees a year earlier, aided by strong sales and robust demand for housing. Key Points
FinancialexpressGodrej Consumer acquires FMCG business including Park Avenue trademark from Raymond for ₹2,825 crore
As part of the deal, Godrej Consumer is acquiring Raymond's FMCG business which also includes trademarks of Park Avenue, KS, KamaSutra, and Premium. The reason behind the acquisition is to drive profitable growth. Key Points
mintGodrej Consumer & Reliance can go places, says Sudip Bandyopadhyay. Here’s why
According to Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, stocks worth looking at include Godrej Consumer and Reliance Industries, both of which have been hovering in a range for the last five to six years. With Godrej Consumer, the new management and well-spread-out business across different geographies in the world are reasons to expect a breakout. As for Reliance Industries, the company's multiple businesses will be segregated over time, leading to a significant upward value movement. Key Points
Economic TimesMapping moon madness: Rs 615 crore Chandrayaan-3 creates Rs 31,000 crore stock rally
In the first four trading days of the week, the combined market capitalisation of a group of 13 space-related stocks has skyrocketed by over Rs 30,700 crore. Shares of the little-known smallcap company Centum Electronics, which supplied critical modules and systems to ISRO for Chandrayaan-3, have zoomed 26% in the week. Key Points
Economic TimesIndia's Godrej Agrovet posts higher Q1 profit as costs drop
India's Godrej Agrovet Ltd (GODE.NS)reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses. Key Points
Reuters
Get into consumer stocks; 2 stocks to buy as metals in a very sweet spot: Sanjiv Bhasin
Sanjiv Bhasin of IIFL Securities recommends investing in consumption stocks like Voltas and Havells. He says real income is going to be generated now from the tier II, tier III, and the smaller rural class, where we are seeing unprecedented growth He is bullish on metals and recommends Vedanta and JSW. Bhasin mentions investments in Indiabulls Real Estate and Indiabulls Housing Finance. Key Points
Economic TimesRaymond, Godrej FMCG deal under DGGI's scanner
The DGGI is also understood to have sought an explanation from GCPL on the matter. The sources cited added that DGGI's Mumbai unit also conducted an inspection on premises linked to Raymond as part of its investigation. Section 67 of the CGST empowers an official to conduct an inspection if he has reason to believe that a person concerned has suppressed information to evade tax. Key Points
Economic TimesIndia's Godrej Consumer Products misses Q1 profit view as costs bite
India's Godrej Consumer Products (GOCP.NS) reported a lower-than-expected quarterly profit on Monday, hurt by mounting costs. Key Points
ReutersGodrej in talks for a deal with Raymond's consumer care business
The potential deal will give Godrej Consumer bigger play in the mens personal care and sexual wellness categories. The Singhania-family owned Raymond group has been looking to divest its consumer care business for over two years now, since the group believes this is a non-core business in its portfolio, according to one of the persons mentioned above. Key Points
Economic TimesGodrej Properties rally 9% on best-ever quarter for sales bookings
Godrej Properties said that sales volumes for the March quarter grew 19 per cent sequentially from 4.42 million square feet (msf) to 5.25 msf. Key Points
mint