Noting that there is a huge potential in the agricultural sector, he said value added production through processing could add considerably to the economic growth.
The Godrej group is revising its investment plans and revisiting its growth targets for the current financial year, as well as for the next five years, in anticipating of a higher GDP growth rate now that the Congress-led United Progressive Alliance government is firmly in the saddle for a second term at the Centre.
The collective wealth of the 100 richest went past $1 trillion for the first time.
The real estate sector might have been caught off guard by the second wave of the Covid-19 pandemic, but large listed developers like Godrej Properties and Prestige Estates Projects soldier on undeterred. They aim to have sales bookings of Rs 10,000 crore in the next few years.
The company, which has liquid detergent brands like Ezee and liquid cleaning agent brands like Godrej Dish Wash Liquid and Kiwi Kleen, is looking at companies that have good brands and distribution networks, largely in household care (detergents, cleaning agents segment) and haircare, with focus on colours and hair dyes. "Given the right opportunity, the company will spend around $100 million (Rs 5 billion)," said a source close to the development.
"A rising rupee is a good time to go and acquire companies abroad," Godrej Group Chairman Adi Godrej said at the India Economic Summit in New Delhi on Monday.
Mumbai-based developers Macrotech Developers (Lodha) and Oberoi Realty have emerged as top gainers among largecap realty stocks over the past month, with gains ranging from 29 per cent to 33 per cent. Strong ongoing sales trends in Mumbai's core market, record bookings in the January-March quarter, and healthy guidance for 2024-25 (FY25) have propelled these companies, which derive the majority of their revenues from India's financial capital.
Swanky flats, mall to replace the iconic property.
In a major deal in the FMCG sector, Godrej Beverages and Foods Ltd is all set to acquire Chittoor-based Nutrine Confectionery Company Ltd for around Rs 270 crore (Rs 2.7 billion).
Two young men jostle in a rickshaw as it clatters along a narrow, bustling lane of North Kolkata, each with a leg dangling over the side of the vehicle, a bulging sack of cosmetics nestled between them. The protagonists here are the founders of Emami - Radhe Shyam Agarwal and Radhe Shyam Goenka - childhood friends who gave up cushy corporate jobs to build a fast-moving consumer goods (FMCG) company. From a 200-square-foot rented space on Muktaram Babu Street in North Kolkata, brand Emami stepped into the competitive world of FMCG 50 years back, armed with just three products: Vanishing cream, talcum powder, and cold cream.
After acquisitions in Europe and Africa in the last 12 months, the Godrej group is now looking at possible acquisitions in Brazil and Indonesia.
Go experimental while making your modaks! Try unusual stuffings and coverings.
While domestic market growth is important, the sales trajectory in the international markets, which account for 45 per cent of the revenues, will be a key rerating trigger, say analysts.
Stressing the need for the government to take more steps for boosting growth, noted industrialist and Godrej Group chief Adi Godrej on Thursday said the Indian economy needs a lot more liquidity to sustain its growth momentum.
Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.
'An in-house contest encourages employees to share yoga and well-being practices with their families.'
Godrej and Big Bazaar have stood out in the consumer goods and service spaces by acing the challenge of aligning innovation with outcome.
Adi Godrej, 75, will become chairman emeritus after leading the company for 17 years as Nisaba, currently executive director of the company, assumes the new role of executive chairperson at Godrej Consumer Products on May 10, 2017.
The space agency has set 2020 as the deadline for the first privately built rocket to be launched into space.
Hungry for deals, Godrej Properties plans to treble the number of project launches in the current financial year, from five launches in FY2012 to 15 in FY2013.
Godrej Upstream Ltd, part of the Godrej Group, needs Customer Relationship Associates at their Thane BPO centre.
During the first half of 2014 (a slow phase), Godrej Properties notched Rs 1,900 crore (Rs 19 billion) of sales, almost equivalent to what was recorded in all of 2013.
Godrej Properties, the real estate arm of the Godrej group, has initiated two projects worth Rs 850 crore in Bangalore.
Godrej Agrovet Limited has entered into a joint venture with Advanced Chemical Industries Limited, Bangladesh, to set up animal feed and poultry businesses in Bangladesh.
"I do not think prices can come down because costs are high. We have not seen any decline in prices so far, says Adi Godrej"
Godrej to focus more on own brands as the licensing agreement with Sara Lee ends in two years.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
While two Godrej Group companies that manufacture soaps and edible oil are listed, Godrej & Boyce is still privately held. And, it is the jewel of the Group with its FY07 turnover close to Rs 3,000 crore and profit of over Rs 100 crore.
The slowdown is behind us and the country will grow at around 9-10 per cent, believes Adi Godrej, chairman of the Godrej Group.
Since 2008, the Bureau of Energy Efficiency is running a star rating programme, under which electric equipment are rated according to their efficiency. This in turn helps the consumers save electricity.
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
'...you evaluate three key factors before committing your money.'
The turnover of GSL is Rs 625 crore. Godrej Sara Lee was formed in 1995, a year after Godrej acquired the Good Knight brand from R Mohan.
In the wake of interest rates coming down, realty companies seem to be banking on low cost affordable housing projects.
Strengthening its portfolio in personal and household care segment, FMCG major Godrej Consumer Products on Friday said it has acquired 'Swastik' and 'Genteel' brands for an undisclosed amount.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances