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Godrej Properties profit jumps 21%, beats Street

Financial Express Ahmedabad

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November 07, 2025

GODREJ PROPERTIES POSTED a 21% year-on-year rise in net profit to ₹405 crore in the second quarter of FY26, beating analyst estimates. Sequentially, profit grew 33%.

- RAGHAVENDRA KAMATH

The company had posted a profit of ₹335 crore in the year-ago period, and analysts estimated profit to rise to ₹349 crore in the second quarter of the current financial year.

However, the company missed analyst estimates on revenues by a wide margin and posted a revenue of ₹740 crore, down 32% from ₹1,093 crore in the year-ago period. Analysts expected a revenue of 1,223 crore. The company posted a negative Ebitda of ₹513 crore (excluding other income) compared to the Ebitda of ₹32 crore in Q2FY25.

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Financial Express Ahmedabad

Digi payments: SBI & BoB get nod to set up intelligence arm

STATE BANK OF India (SBI) and Bank of Baroda (BoB) have received approval from the Reserve Bank of India (RBI) to form section-8 companies under the Companies Act, 2013 for digital payments intelligence platform called Indian Digital Payment Intelligence Corporation (IDPIC), lenders informed the exchanges on Wednesday.

time to read

1 min

December 11, 2025

Financial Express Ahmedabad

Rate cut gives further impetus to home loans

DEMAND TO STAY STRONG

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2 mins

December 11, 2025

Financial Express Ahmedabad

Booster dose for spatial tech

THE INDIA GEOSPATIAL analytics market is expected to reach ₹28,200 crore by 2030 from ₹14,100 crore in 2025, with a 14.87% CAGR over the period. This exponential trajectory highlights the increasing adoption of spatial technologies across sectors, driven by conducive policies and domestic innovations.As a core geospatial technology, the geographic information system (GIS) is at the forefront of this impact story. With its unique ability to integrate with emerging technologies such as AI, machine learning, IoT, and big data analytics, GIS is transforming how India governs, plans,and manages its resources, paving the way for a more sustainable and future-ready nation.

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1 mins

December 11, 2025

Financial Express Ahmedabad

State refiners lead in Russia oil deals; RIL halts purchases

FOUR OUT OF seven largest refiners in India are now in the market for Russian crude as deep discounts push buyers to seek out non-sanctioned barrels, even as heavyweight Reliance Industries stays away.

time to read

2 mins

December 11, 2025

Financial Express Ahmedabad

Trai proposes microwave backhaul spectrum overhaul

THE TELECOM REGULATORY Authority of India (Trai) on Wednesday has proposed to simplify the allocation and pricing of microwave backhaul spectrum across traditional and high-capacity bands.

time to read

1 min

December 11, 2025

Financial Express Ahmedabad

'Growth must come from deeper penetration, not pricing'

MANISH TIWARY, CMD, NESTLE INDIA

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2 mins

December 11, 2025

Financial Express Ahmedabad

Airbus CEO: Boeing likely to win order race this year

AIRBUS CEO GUILLAUME

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1 min

December 11, 2025

Financial Express Ahmedabad

New Kia Seltos debuts with India-led revamp

KIA HAS UNVEILED the second-generation Seltos in India as it seeks to reclaim leadership in the midsize SUV segment.

time to read

1 mins

December 11, 2025

Financial Express Ahmedabad

US court reverses $1-bn order against Byju Raveendran

A US BANKRUPTCY court has reversed a $1 billion damages ruling against Byju Raveendran, according to a statement from the founders of Think and Learn - the parent firm of edtech platform Byju's.

time to read

1 min

December 11, 2025

Financial Express Ahmedabad

IndiGo looks to hire 50 expat pilots to meet FDTL deadline

BELEAGUERED INDIGO IS preparing to tap pilot pools in South Africa, Indonesia and the Philippines as it races to meet the February 10 deadline to comply with the Directorate General of Civil Aviation's revised flight duty time limitations (FDTL) rules, multiple people familiar with the airline's planning told FE.

time to read

1 min

December 11, 2025

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