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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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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Stock Market Today Live Updates: BSE Sensex, NSE Nifty50 expected to open in red as crude prices hold near weekly highs

Stock market recap: BSE Sensex, NSE Nifty50 ended previous session with modest gains Equity markets closed the previous session with only modest gains after a largely directionless session, highlighting the cautious approach investors were taking amid elevated geopolitical uncertainty and rising crude oil prices. BSE Sensex gained 43.27 points, or 0.06%, to settle at 78,542.44,…

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