Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments
Jul 18 2013 // India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of...
India Searches for Flood Survivors as Death Toll May Rise
Jun 21 2013 // Flash floods triggered by torrential rain in northern India may have killed hundreds of people, a government official said, as the armed forces stepped up searches for those stranded in mountainous areas. Narrow valleys in...
Monsoon Triggers Floods in India’s Himalayas, Killing 138
Jun 19 2013 // Air force helicopters and rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and landslides, killing at least 138 people and leaving hundreds missing. Parts of...
Iran Offers Insurance to India; Refiners Snub Plan
May 28 2013 // Iran has offered insurance to Indian refiners in a bid to boost its crude oïl sales, industry sources said, though some oil executives warned the plan would not remove the threat of western sanctions. The offer was made...
How Banks Will Recover Funds in $45M Cyber Heist
May 13 2013 // Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts...
India’s Finance Minister’s Insurance Reform Agenda Runs into Political Hurdles
Apr 30 2013 // An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram’s ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American...
McGraw Elected as ICC Chairman; Mittal Vice-Chairman
Apr 22 2013 // The Paris-based International Chamber of Commerce announced the election of Harold McGraw III to become the ICC’s Chairman and Sunil Bharti Mittal to become Vice-Chairman, effective July first. The current ICC...
Munich Re Supports Quake Prevention Project in India
Apr 12 2013 // Munich Re announced that it is supporting a prevention project in a region in India that is prone to earthquakes. The two-year project in conjunction with GeoHazards International, is aimed at protecting people, buildings...
India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil
Apr 3 2013 // India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global...
Longer Routes Help Oil Tankers Mitigate Iran Sanctions
Mar 21 2013 // Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia’s biggest economies, the founder of Nordic American Tankers Ltd. said on...
Munich Re Study Sees Asia Pacific Dominating Insurance Growth by 2020
Mar 20 2013 // “Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the...
India Finance Minister Wants ‘Outdated’ Caps on Foreign Investment Relaxed
Mar 18 2013 // India’s Finance Minister P. Chidambaram advocated the removal or relaxation of “outdated” caps on foreign direct investment (FDI) in different sectors, including insurance, as his government struggles to...
Finaccord Reports on Bancassurance in Global Markets
Mar 14 2013 // A new report from UK based market research, publishing and consulting firm Finaccord notes that “emerging markets in the Asia-Pacific region and Latin America offer the most growth potential for bancassurers but the...
Iran’s March Crude Exports Fall to Lowest Since Sanctions Began
Mar 12 2013 // Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions...
India Set to Halt Iran Oil Imports over Refinery Insurance Coverage
Mar 8 2013 // India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on...
India to Ensure Refiners Running Iran Crude Oil Get Insurance: Source
Feb 13 2013 // India will ensure its refiners have insurance for plants that run crude from Iran, a government source said on Wednesday, allaying fears that imports from the sanctions-hit country may have to be halted. State-run refiner...
California AG Sues Apparel Makers in China and India over Pirated Software
Jan 24 2013 // California Attorney General Kamala D. Harris filed lawsuits on Thursday against two international apparel manufacturers for gaining an unfair advantage over American companies by using pirated software in the production of...
Ratings Roundup: New India Assurance, South China Insurance
Jan 18 2013 // A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of The New India Assurance Company Limited, both with stable outlooks....
Japanese Airlines Ground Boeing 787 Dreamliners after Emergency Landing
Jan 16 2013 // Japan’s two leading airlines grounded their fleets of Boeing 787s on Wednesday after one of the Dreamliner passenger jets made an emergency landing, the latest in a series of incidents to heighten safety concerns...
Sources Say Iran Charters Oil Tanker with Indian Insurance
Jan 15 2013 // A loophole in an Indian insurance scheme has allowed Iran’s state-run tanker company NITC to bolster oil exports by chartering a vessel insured by India’s state-run firms, industry and shipping sources said on...
