Insurers tighten focus on motor third-party fraud

Industry executives said the issue is becoming widespread. MUMBAI: Non-life insurers are moving decisively to tackle motor third-party fraud to curb losses, which have risen due to higher court awards for victims and the impact of uninsured vehicles on premium collections.Go Digit General Insurance said it secured an order from Madras High Court on July…

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Telecom companies report 24.4bn spam calls, messages in April-June

Enforcement against offenders has also intensified. NEW DELHI: India’s fight against spam is getting more aggressive. Telecom operators flagged 24.4 billion calls and messages as suspected spam during April-June, while regulatory action was taken against more than 1.8 lakh telecom resources, according to data released by Trai.AI-based systems deployed by telecom operators identified 22.9 billion…

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Govt: No policy stops airports from taking airline stakes

The public private partnership (PPP) JV agreements for certain airports may put such restrictions and one private operator has sought NEW DELHI: The aviation ministry Monday told Parliament that there is no govt policy restricting major airport operators from holding substantial equity in or operating scheduled airlines. However, the public private partnership (PPP) JV agreements…

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CESC unit to buy six solar projects from ReNew

The acquired portfolio comprises operating projects with an established generation track record KOLKATA: The RP-Sanjiv Goenka Group (RPSG) on Monday announced that Purvah Green Power, the renewable energy platform of CESC, will acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power for an enterprise value of Rs 4,859 crore.The portfolio, spread across six…

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TCS flags data leak claims, finds no breach

The disclosure follows a post by data security firm S2W on X BENGALURU: TCS informed the stock exchanges on Monday that it received threat-intelligence alerts alleging possible exposure to certain employee information but said its investigation found no credible evidence of a breach of its systems or customer environments.The disclosure follows a post by data…

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‘Difficult assignment’: PCB advised to ‘keep away’ Babar Azam from English media on England tour | Cricket News

Former Pakistan captain Rashid Latif has suggested that the Pakistan Cricket Board (PCB) should keep Babar Azam away from the English media during the team’s upcoming three-Test tour of England.Latif believes Babar could come under scrutiny from the English media and has suggested that former Pakistan captain Shan Masood should handle more of the team’s…

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