Shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 988, as they rallied 4 per cent on the BSE in Monday’s trade after the company reported a 17 per cent year-on-year (YoY) rise in standalone profit (before exceptional items) at Rs 1,167 crore for the March quarter (Q4FY22) compared with Rs 998 crore in the same quarter last year. After accounting for exceptional items, profit rose 427 per cent to Rs 1,292 crore from Rs 245 crore in the same quarter last year.

India is also set to see the curtains for yet another round of oil and gas auctions as companies are set to submit the bids for the third round of discovered small fields on May 31.

These fields are spread over nine sedimentary basins covering over 13,000 square kilometers with in-place hydrocarbons estimated to be around 230 million metric tonne.

DCM Shriram Industries is focusing on developing and manufacturing versatile drones that will be used not just in the defence sector but across the board, its Joint President Rudra Shriram has said.

The company is engaged in the businesses of sugar, chemicals and industrial fibre and has a turnover of around Rs 8,000 crore. It had last year invested USD 1 million (about Rs 7 crore) to purchase 30 per cent stake in Turkish drone company Zyrone Dynamics.

Child rights NGOs have flagged a sharp rise in the number of children who have gone missing in the last two years due to the social impact of COVID-19.

In order to prevent the situation for worsening, the organisations have called for the immediate strengthening of child protection committees at the village level, sensitising and training parents, and urged the government to make adequate budget allocation in this connection.

As EV fires continue to make headlines in the country, a fire broke out at electric scooter manufacturer Ather Energy's experience centre in Chennai.

The company said in a tweet that there has been a minor fire incident on its premises in Chennai.

"While some property and scooters got affected, thankfully all employees are safe and things are under control. The experience centre will be operational shortly," the EV company said late on Friday.

Mahindra & Mahindra on Saturday reported nearly five-fold jump in standalone profit at Rs 1,192 crore for quarter ended March 31, 2022.

The company had posted a profit of Rs 245 crore for the year-ago period, it said in a statement.

The General Insurance Corporation of India (GIC Re) closed last year with a higher after tax profit and gross premium income.

The company's Board of Directors has declared an interim dividend of Rs 2.25 per equity share (on face value of Rs 5 each) for the year under review.

The minimum temperature in Delhi on Saturday morning settled at 26.9 degrees Celsius, while the India Meteorological Department predicted light to moderate rains during the day.

The maximum temperature is expected to settle at 41 degrees Celsius, the weather department said.

Glenmark Pharmaceuticals on Saturday said its consolidated profit after tax declined 26 per cent to Rs 173 crore for the fourth quarter ended March 31, 2022.

The company had reported a profit after tax (PAT) of Rs 234 crore in the January-March period of 2020-21 fiscal.

Consolidated revenues of the drug firm, however, rose to Rs 3,019 crore in the quarter under review as compared to Rs 2,860 crore in the year-ago period, recording an increase of 6 per cent year-on-year.

Over 89,000 commuters have travelled in Delhi's electric buses since they were flagged off by Chief Minister Arvind Kejriwal, an official statement said on Friday.

The chief Minister had flagged off 150 e-buses on May 24.

The Delhi government had announced free travel for everyone in the e-buses from May 24 to 26 to promote clean mobility.

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