Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Debt Ridden India Makes More Claims on Its Insurance Giant
Mar 13 2012 // An Indian government company with more than a quarter of a billion customers has once again dug into its pockets to prop up its financially-strapped owner. Policyholders in the Life Insurance Corporation of India, a...
Survey Finds Emerging Markets’ Growth in Auto Financial Services
Mar 8 2012 // A survey from London-based Finaccord found that in ten emerging economies, surging car sales have doubled the value of their automotive finance and leasing markets in five years, to reach $182 billion Finaccord said:...
India Still Insuring Exports to Iran
Feb 24 2012 // India’ export guarantee agency has not stopped giving insurance cover to shipments to Iran and has only tightened criteria as part of a more cautious approach, official sources said on Friday, as western sanctions...
ING to Sell 3 Asia Joint Ventures Separately from Other Assets
Feb 23 2012 // ING Groep NV is planning to sell its three Asian insurance joint ventures separately from its other Asia assets so that the overall sale is not held up by negotiations with partners, two sources with direct knowledge of...
U.S. Eyes WTO Services Pacts Amid Doha Stall
Jan 25 2012 // The United States is making a push for a group of countries within the World Trade Organization to start talks to liberalize trade in services, even if big developing countries like China, India and Brazil don’t want...
Ratings Roundup: New India, PMG (Sony)
Jan 20 2012 // A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of The New India Assurance Company...
Deloitte Advice for Insurers in 2012: Focus on New Products, Countries
Jan 18 2012 // Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new...
Swiss Re Sees Continued Emerging Market Growth; Profitability Squeeze
Dec 20 2011 // Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes. However, it also notes that...
India’s Private Insurance Market Keeps Growing – Slowly but Surely
Dec 13 2011 // Even though China gets most of the headlines, there’s been slow, but steady, progress for private insurers in Asia’s other billion plus people country – India. Although its rate of growth has slowed recently,...
New U.N. Climate Deal Struck; Critics Say Gains Modest
Dec 12 2011 // Countries from around the globe agreed on Sunday to forge a new deal forcing all the biggest polluters for the first time to limit greenhouse gas emissions, but critics said the plan was too timid to slow global warming. A...
India’s Reliance Capital Eyes General Insurance Stake Sale w/in 6 Months
Dec 12 2011 // Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26 percent in its general insurance business though a deal may be at least six months away, its chief executive told...
Bank of India to Buy 51% of Bharti AXA Asset Manager
Dec 5 2011 // State-run Bank of India said late on Saturday it would buy 51 percent of Indian asset manager Bharti AXA Investment Managers Pvt Ltd from the firm’s two joint venture partners. Bharti AXA Investment Managers is a...
India’s Insurance Regulator Issues IPO Guidelines
Dec 1 2011 // India’s insurance regulator on Thursday notified guidelines for life insurers to raise capital via initial public offering (IPO) or subsequent public fund raising from the equity markets. The Insurance Regulatory and...
India’s Bharti, Reliance End Talks on Insurance Joint Ventures Deal
Nov 28 2011 // Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France’s AXA, the two Indian companies said on Friday. Reliance said the...
Aon Benfield Reports Asia Monsoon Economic Losses near $7 Billion
Oct 7 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Report Says Asia to Add 1.66 Million Millionaires by 2015
Aug 31 2011 // Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastest-growing major economies of China and India continue to mint millionaires, a report...
US, India Pledge Market Access Cooperation; Could Ease Insurance Barriers
Jun 28 2011 // Finance chiefs from the United States and India pledged on Tuesday to continue efforts to open up India’s financial, retail, manufacturing and infrastructure sectors to competition but offered no specific measures to...
S&P Sees High Growth Potential for India’s P&C Market
May 26 2011 // Standard & Poor’s Ratings Services has published a report, which concludes that the Indian non-life insurance sector has “substantial growth potential because market penetration remained low–leaving...
Special Report: As Pirate Attacks Increase, Ship Owners Take Arms
May 3 2011 // Upstairs in a public house in the town of Poole on the English south coast, 18 men are preparing to take on the pirates of the Indian Ocean. Around antique polished wooden tables scattered with laminated charts, handouts...
WTO Faces Tough Choices after Latest Doha Round Setback
Apr 22 2011 // World Trade Organization members face a somber Easter Sunday because of a fight over manufacturing trade between the United States and major emerging economies like China, India and Brazil that could finally kill...
