Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Modi’s Plan to Provide Health Insurance to Half a Billion Indians Hits Serious Hurdles
Jul 5 2018 // Prime Minister Narendra Modi’s plan to provide health insurance to half a billion Indians — a mass of people larger than the entire population of South America — before he seeks a fresh mandate next year...
Almost Half of South Asia Vulnerable to Climate ‘Hotspots’: World Bank
Jul 3 2018 // Changes in temperature and rainfall will impact almost half of South Asia in the coming decades, reducing economic growth in one of the world’s poorest regions, the World Bank said. A World Bank report released on...
Generali Expands Stake in India’s Future Group to 49%
Jun 26 2018 // Generali Group announced it has signed an agreement with Future Group to increase its stake in its insurance ventures in India to 49 percent from 25.5 percent. Generali’s presence in India is currently in the form of...
Sulphuric Acid Leak at Vedanta India Copper Smelter Could Damage Environment
Jun 20 2018 // Vedanta Ltd. said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences. The district administration had said on...
Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform
Jun 12 2018 // Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by...
Bitcoins Worth $3M Stolen from India’s Cryptocurrency Trading Platform Coinsecure
Apr 13 2018 // One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. An official at Delhi-based Coinsecure was extracting...
Pembroke Managing Agency Gets Nod to Manage Lloyd’s Syndicate for India’s GIC Re
Mar 21 2018 // Pembroke Managing Agency Ltd., the London-based subsidiary of Ironshore, has been granted approval by Lloyd’s to establish and manage a syndicate for India’s GIC Re. GIC Syndicate 1947 has been granted...
India Cyber Bank Heist Used ‘Similar’ Methods to $81M Bangladesh Bank Hack
Feb 21 2018 // Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh’s central bank in 2016,...
India’s City Union Bank Hit by Cyber Heist via SWIFT Payments System
Feb 20 2018 // India’s City Union Bank said on Sunday that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial...
India Flags Low Health Insurance Penetration as Damper to Growth
Feb 6 2018 // India’s push toward universal health care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan last week to provide health...
Japan’s SoftBank Eyes Taking Stake in India Insurance Startup: Sources
Jan 25 2018 // SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese...
Tata Group Predicts Significant Organic Growth Opportunities in Insurance
Jan 23 2018 // The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate looks to sharpen its focus on about half a dozen businesses. “Both our...
India’s Tata Consultancy Expects Growth in Insurance Sector
Jan 12 2018 // Tata Consultancy Services (TCS) Ltd, India’s top IT services firm, said its insurance services business would soon post faster growth thanks to higher client spending but remained cautious on a turnaround in its key...
India’s Paytm Wants to Create World’s Largest Digital Bank; Insurance to Be Offered
Nov 29 2017 // Paytm Payments Bank aims to create the world’s largest digital bank with 500 million accounts, envisioning an online financial services provider of everything from wealth management to credit cards and stock market...
India Coal-Fired Power Plant Explosion Kills 32 After 7 Months of Operation
Nov 3 2017 // An explosion at a newly commissioned unit of a coal-fired power plant in northern India killed 32 people, while about 80 are still recovering from injuries in one of the nation’s worst industrial disasters in recent...
India’s GIC Re Shares Drop on Market Debut After Raising $1.7B in IPO
Oct 25 2017 // State-run General Insurance Corp. of India (GIC Re) slumped as much as 14.5 percent on market debut on Wednesday after raising 111.76 billion rupees ($1.72 billion) in the country’s biggest initial public offering in...
Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030
Oct 20 2017 // As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia...
India Government Raises $1.5B Selling Shares in Reinsurer GIC Re
Oct 13 2017 // The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation’s top reinsurer, in the country’s biggest...
Terrorism Risks Have Made Tight Security Routine at Many Global Hotels, Resorts
Oct 4 2017 // Across the globe, risks of terrorism and other violence have made tight security at hotels and resorts routine, even in countries where strict gun control laws may help prevent the kind of shooting attack that occurred...
Reinsurer GIC Seeks $1.7B in 3rd Largest Indian IPO
Oct 4 2017 // General Insurance Corp., India’s largest reinsurer, and its owner will seek as much as 113.7 billion rupees ($1.7 billion) after setting terms for the third-biggest initial public offering on record in the South...
