Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Munich Re’s India Partner Weighs Selling Health Insurer Stake: Sources
Feb 13 2019 // Prathap C. Reddy and his family, founders of India’s Apollo Hospitals Enterprise Ltd., plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter...
Generali Hikes Stake in Indian Insurance Joint Venture to 49% from 25.5%
Dec 31 2018 // Generali Group has finalized its agreement to increase its stake in its Indian insurance joint venture with Future Group to 49 percent from 25.5 percent. Through this transaction, Generali has committed up to approximately...
Indian Tech Billionaire’s Exit Pulls Corporate India Deeper into #MeToo Firestorm
Nov 16 2018 // The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc....
JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms
Nov 15 2018 // JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More commonly known for flood maps and models, JBA collaborated with Chaucer through its...
Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI
Nov 14 2018 // Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total...
Indian Employers Pressured to Take More Seriously Surge in #MeToo Allegations
Oct 12 2018 // Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week. At least one major Indian...
Update: Severe Cyclone Titli Hits Eastern India, Killing 9 People, Displacing 300,000
Oct 12 2018 // A severe cyclone damaged homes and blew down trees and power poles in eastern India, where nine people were killed and about 300,000 forced to move to higher ground. Cyclone Titli, or Butterfly, had winds blowing up to 150...
Markel India Is Now Open for Business, Providing Specialist Facultative Reinsurance
Oct 5 2018 // Markel International, the London-based specialist insurer and reinsurer, announced that its Mumbai office is now open and actively writing business. Markel said it provides specialist facultative reinsurance to local...
Pilots Forget to Pressurize Cabin of Jet Airways India Flight, Injuring Some Passengers
Sep 21 2018 // Pilots operating a Jet Airways India Ltd. flight on Thursday forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some aboard. About 30 of the 166 passengers aboard the...
India Refinery Cancels Iran Oil Imports to Keep Insurance Cover as Sanctions Loom
Sep 20 2018 // India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue...
A.M. Best Sees Recent Floods Having Limited Effect on India’s Insurers’ Ratings
Sep 17 2018 // A.M. Best said it does not expect flooding in the Indian state of Kerala to have a significant impact on the balance sheet strength of rated Indian non-life insurers; however, the losses may add to the unfavorable...
J&J in India Agrees to Work on Compensation Plan for Hip Implant Patients
Sep 11 2018 // Johnson & Johnson (J&J) said it would work with the Indian government to compensate patients who had suffered from hip implants that were recalled by the U.S. healthcare firm eight years ago after data showed high...
India Government Recommends J&J Pay Compensation for Recalled Hip Implants
Aug 29 2018 // A government panel has recommended that Johnson & Johnson (J&J) pay compensation of at least $28,500 to each Indian patient who suffered from artificial hip implants the U.S. healthcare firm recalled eight years...
Google Partners with Indian Banks to Attract Users to Its Digital Payments Services
Aug 29 2018 // Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital...
Berkshire Invests $356M in One97, Parent of India’s Biggest Digital Payments Firm
Aug 28 2018 // Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments...
India Hit with Worst Floods in Century, Bringing Damages of $3B, 350-Plus Deaths
Aug 20 2018 // Some 800,000 people have been displaced and over 350 have died in the worst flooding in a century in southern India’s Kerala state, as authorities rushed to bring drinking water to the most affected areas, officials...
Cyber Criminals Steal $13.5M from India’s Cosmos Bank
Aug 15 2018 // Cyber criminals hacked the systems of India’s Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank has told...
India Weighs Comprehensive Data Privacy Bill, Similar to EU’s GDPR
Jul 31 2018 // A draft of a sweeping data privacy bill has been submitted to India’s government that, if enacted, will restrict the transfer and storage of information on more than 1 billion people by global technology corporations...
India’s HPCL Cancels Iran Oil Purchase After Insurer Refuses to Provide Cover: Sources
Jul 26 2018 // India’s Hindustan Petroleum Corp. (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources...
RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software
Jul 17 2018 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being...
