Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Aon Acquires Remaining 51% of Aon India Insurance Brokers, Formerly Anviti
Sep 2 2021 // Global insurance broker Aon said it has increased its stake in Aon India Insurance Brokers Pvt Ltd. from 49 percent to 100 percent, acquiring the remaining share from Catamaran Ventures. Aon acquired a 49% stake from...
Amazon Enters India Wealth Management with Investment in Smallcase Technologies
Aug 18 2021 // Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech startup Smallcase Technologies Pvt. The Bangalore-headquartered startup said the...
Update: India’s Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO
Jul 16 2021 // BENGALURU – Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval to raise up to 166 billion rupees ($2.23 billion) in one of the biggest stock market...
Mega IPO Planned for India’s Biggest Insurer
Jul 14 2021 // India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead with the mega-listing. The cabinet committee on economic affairs cleared the initial public offering...
Gallagher Acquires 100% Stake in India’s Edelweiss Gallagher Insurance Brokers
Jul 2 2021 // Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial services firms. Gallagher previously held 30% in the...
India Oil Giant Under Fire for Offshore Disaster During Cyclone Tauktae
May 28 2021 // When India’s weather office sent out cyclone warnings on May 13 and most vessels moved to safety, one barge working on Oil and Natural Gas Corp.’s field off the Mumbai coast stayed put. That decision would...
Ford Halts Production at Southern India Plant as COVID-19 Cases Surge
May 28 2021 // CHENNAI – Ford Motor Co. said it will halt production at its car plant in India’s southern state of Tamil Nadu after workers staged a lunchtime sit-in protest on Thursday, demanding leave and health benefits, as...
Renault-Nissan Shuts South India Plant Until May 30 on COVID Safety Concerns
May 26 2021 // CHENNAI – Automaker Renault-Nissan will shut its plant in India’s southern Tamil Nadu state until May 30, according to an internal note and two sources familiar with the matter, a day after workers said they would...
Storm Surges Inundate Villages in Eastern India as Cyclone Yaas Moves Inland
May 26 2021 // BHUBANESWAR, India – Storm surges inundated dozens of villages in eastern India on Wednesday after a powerful cyclone moved inland from the Bay of Bengal, damaging thousands of mud homes in two coastal states and killing...
Renault-Nissan, Hyundai Face Factory Closures in India over Workers’ COVID-19 Fears
May 25 2021 // CHENNAI, India – Automakers Renault, its alliance partner Nissan Motor Co. and Hyundai Motor Co. face temporary factory closures in India due to growing unrest among workers concerned about rising COVID-19...
Air India’s February Data Breach Affected 4.5 Million Passengers
May 24 2021 // NEW DELHI – Personal data of about 4.5 million passengers of Air India was leaked in a cyber attack on the airline’s data processor but the compromised servers were later secured, the Indian state-run carrier said...
India Braces for Second Severe Cyclone in 10 Days
May 24 2021 // India braces for the second severe storm in about 10 days, with authorities in the eastern region preparing to evacuate people to safer places at a time when the country is battling the world’s worst outbreak of...
India Continues Rescue Operations After Powerful Cyclone Tauktae Batters Region
May 19 2021 // AHMEDABAD/MUMBAI – Naval vessels and aircraft scoured the waters off India’s west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield...
Cyclone Sinks Barge Operated by India’s Oil & Natural Gas Corp., Hundreds Rescued
May 18 2021 // A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp. prompting a massive operation to rescue 96 people missing from the vessel. “Long-range...
Update: Severe Cyclone Tauktae Slams India’s West Coast
May 17 2021 // A severe cyclonic storm made landfall on India’s west coast, home to major refineries and ports, causing heavy rain and strong winds at a time when the nation is already battling the world’s worst outbreak of...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
May 12 2021 // Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to...
India’s Choice Group Launches Digital Insurance Marketplace ISMOS
May 4 2021 // India’s Choice Group has launched an insurance aggregator platform called ISMOS that will offer life, health and general insurance. Suyash Patodia, executive director of Choice Insurance Broking, calls ISMOS is a...
Fairfax Commits $5 Million for COVID-19 Relief in India
Apr 28 2021 // Fairfax Financial Holdings announced that it has made a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the country’s urgent...
India Increases Limit on Foreign Direct Investment in Insurance Companies
Mar 22 2021 // India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an economy battered by the pandemic. Lawmakers approved a legislation increasing the limit...
Reuters Exclusive: India Central Bank Seeks Limit on Banks’ Ownership in Insurers
Mar 2 2021 // India’s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with knowledge of the...
