Godrej group chairman and president of the Confederation of Indian Industry (CII) Adi Godrej on Saturday said the entrepreneurial environment in the country was inadequately geared, particularly for starting a business.

GREENPLY INDUSTRIESReco price/date: Rs 380/March 7;Current/target price: Rs 385/Rs 489We maintain our revenue estimates for Greenply over FY13E-FY15E.

The company's net profit has zoomed 360% to Rs 131.37 crore for the quarter ending December 2012, as against Rs 28.51 crore reported in the corresponding quarter a year ago.

Godrej Industries said on Monday Singapore's Temasek will buy 20% stake in the former's agriculture business unit for Rs 572 crore to fund the unit's expansion plans.

Godrej Industries today said that its Board of Directors have passed a circular resolution for approving a part sale of its investments in its subsidiary, Godrej Agrovet Limited (GAVL).

Godrej Industries has opened higher by 1% at Rs 260 after the company said it has divested its 43% stake in Godrej Hershey to the Hershey Company.

After months of speculation, American chocolate maker Hershey will acquire the balance 49 per cent stake held largely by Godrej Industries (43 per cent) and a minority shareholder ( six per cent) in the joint venture company Godrej Hershey Ltd.

Godrej Industries on Saturday posted 38 per cent growth in consolidated net profit for the quarter ended June 30 at Rs 40 crore, driven by strong performances in all verticals.

driven by strong performance in all verticals.

Godrej Industries today said it has raised Rs 370.51 crore from the rights issue by allotting 1.72 crore shares through institutional placement.

The institutional placement programme (IPP) of Godrej Industries on Tuesday received bids for 26.24 million shares. It had set a price band of Rs 210 to Rs 235 per share. A the top end of the price band the company will raise Rs 405 crore.

The institutional placement programme (IPP) of leading fast moving consumer goods firm Godrej Industries on Tuesday received encouraging response from investors as the share-sale received bids for 26.24 million shares as against a maximum of 17.23 million

Godrej Industries today said it plans to raise up to Rs 405 crore through a rights issue to institutional players.

Godrej Industries is trading lower by 4% at Rs 236 ahead of its proposed qualified institutional buyers (QIB) issue, which opens tomorrow.

Godrej Industries has dipped 4% to Rs 236 extending its previous day’s around 2% fall after the promoters have decided to reduce their holdings in the company to 75% from current 79% through issue of equity shares.

Godrej Industries said on Wednesday its consolidated net profit declined by 60.6 per cent to Rs 43 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 109 crore during the same period last year.

Godrej Industries Ltd today said its consolidated net profit rose by 39.34 per cent to Rs 85 crore in the quarter ended December 31, 2011, driven by robust growth across all business segments.

The shares of Godrej Group, Godrej Industries, Godrej Properties and Godrej Consumer Products are in the limelight, trading higher by 2-10% on the Bombay Stock Exchange (BSE).

Godrej Industries Ltd today reported 42.34% increase in consolidated net profit for the quarter ended March 31, 2011 at Rs 108.76 crore, driven by strong performance from its real estate business.

Godrej Industries today said it will double the production capacity for fatty acids from its plant at Valia in Gujarat, which will entail an investment of Rs 50 crore over the next 18 months.