Godrej Properties sells 5% stake in GGHPL to GFMIAPL

06 Jun 2024 CW Team

Godrej Properties has divested a 5% stake it held in the equity share capital of Godrej Green Homes (GGHPL) to Godrej Fund Management and Investment Advisors (GFMIAPL) for Rs 467 million. GFMIAPL is involved in offering advisory services, managing, developing, and leasing real estate projects. During the quarter ended March 31, 2024, the company saw a 5.32% increase in its net consolidated profit, reaching Rs 4.78 billion compared to Rs 4.53 billion in the corresponding quarter of the previous fiscal year. Its net total consolidated income for Q4 FY24 stood at Rs 19.14. billion, reflecting a growth of 4.13% from Rs 18.38 billion recorded in the same quarter the previous year. (Source: ET)

Infrastructure Urban

08 Sep 2025

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..