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.

The price of 10 gram of 24 carat gold on Saturday rose by Rs 110 to Rs 52,090, while the rate of silver increased by Rs 650 per kg with the precious metal trading at Rs 62,150.

The price of 10 gram of 22 carat gold increased by Rs 100 and the precious metal is selling at Rs 47,750, according to Goodreturns website.

Realty firm Tulip Infratech will invest Rs 5,500 crore over the next eight years to develop a premium mixed-use project in Gurugram as part of its expansion plan and tap the rising demand for luxury homes, a top company official has said.

In an interview with PTI, Tulip Infratech Chairman and Managing Director Parveen Jain said the company has acquired this 19-acre stalled project, located on Golf Course Road, Gurugram, from realty firm Vipul Ltd.

Hinting that Tesla will not put a manufacturing plant in India the carmaker's Chief Executive Officer (CEO) Elon Musk on Friday tweeted that until the company is first allowed to sell and service imported cars in the South Asian country there will be no setting up of bases.

Responding to an individual on Twitter, who questioned Musk vis-a-vis Tesla's plans to put up a manufacturing plant in India, the billionaire responded, Tesla will not put a manufacturing plant in any location where we are not allowed first to sell and service cars.

National Conference (NC) president and former Jammu and Kashmir chief minister Farooq Abdullah has been summoned by the ED for questioning in a money laundering case in Delhi on May 31, official sources said on Friday.

The questioning is reported to be in connection with a case of alleged financial irregularities in the Jammu and Kashmir Cricket Association (JKCA) that is being probed by the federal agency.

The Eastern Railway has achieved 100 per cent electrification of its 2,848 km network with the completion of work in the 41 km Hansdiha-Godda section, an official said here on Friday.

The total electrification will help reduce carbon emission significantly and support the Indian Railway in achieving its target of making the country's railway network carbon neutral by 2030, he said.

Prime Minister Narendra Modi on Friday paid tributes to the country's first Prime Minister Pandit Jawaharlal Nehru on his death anniversary.

In a tweet today, the Prime Minister wrote, Tributes to Pandit Jawaharlal Nehru Ji on his death anniversary.

The official Twitter handle of the Congress party also paid tributes to India's first Prime Minister, on his death anniversary.

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