Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Gas Leak at LG Chem Plant in India Kills at Least 7, Forcing Evacuation of Thousands
May 7 2020 // An overnight gas leak at an LG Chem Ltd. polymer plant in southern India has killed at least seven people and forced the evacuation of thousands in the city of Visakhapatnam after the company tried to restart operations...
Gallagher Releases Pandemic Group Insurance Product for India’s Front-Line Workforce
May 4 2020 // International insurance broker Gallagher announced the release of a Pandemic Group Insurance product, providing a comprehensive COVID-19 indemnity cover solution to the India market. For essential workers and front-line...
Pandemic Crisis Story: Moving 1000-Plus Employees in 7 Countries in Just 2 Weeks
Apr 20 2020 // Amit Tiwari, chief operating officer at Xceedance, the Boston-based insurance consulting, managed services, and insurtech company, explains the challenges of enabling business continuity plans in the face of a global...
India’s Future Group to Sell Stake in Insurance Joint Venture with Generali
Apr 13 2020 // India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture with Italy’s Assicurazioni Generali SpA, according to people familiar with the matter. Future Group is...
India in Lockdown Rushes to Maintain Back Office Functions for Global Businesses
Mar 25 2020 // Companies in India are scrambling to ensure that the millions who staff the back offices of Wall Street banks and take on work outsourced by firms from airlines to insurers can keep going as the nation mandates increased...
Venice Floods, Australia Bushfires, India Cyclone Top November Catastrophes
Dec 11 2019 // Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon’s latest edition of its monthly Global Catastrophe Recap...
India’s Top Court Reaffirms Content Immunity for Internet Firms in Google Case
Dec 10 2019 // Alphabet Inc.’s Google isn’t liable for defamatory content posted on its platforms after 2009, India’s top court ruled, reaffirming immunity for Internet companies in the world’s second-most...
AIR Worldwide Launches Multi-Peril Crop Insurance Model for India
Nov 4 2019 // Catastrophe risk modeling firm AIR Worldwide (AIR) announced it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls...
Arthur J. Gallagher Finalizes Purchase of Stake in India Broker Edelweiss
Oct 25 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has completed the purchase of a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a subsidiary of India’s leading...
India’s Reliance Capital Ends Talks to Sell Its General Insurance Unit
Sep 10 2019 // Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled Indian tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter...
India Court Grants Facebook Some Relief in Key Privacy Case
Aug 21 2019 // India’s top court handed out a reprieve to Facebook Inc. in its battle to preserve the encryption feature of its Whatsapp messaging service which prevents it from sharing details of users or messages with the...
Freak Weather Risks India’s Renewable Energy Goals, Affecting Insurers, Lenders
Jul 17 2019 // India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy...
India Weighs Easing Foreign Investment Rules in Sectors Such as Insurance
Jul 8 2019 // The Indian government on Friday [July 5] said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia’s third-largest economy a more attractive...
Walmart Agrees to Pay $282 Million to End 7-Year Global Bribe Investigation
Jun 21 2019 // Walmart Inc. agreed to pay $282 million in penalties and a Brazilian unit admitted to violating a U.S. anti-bribery law, providing a relatively subdued ending to a seven-year investigation that spanned the globe and at one...
India’s Ambani Weighs Selling Reliance General Insurance to Reduce Debt
May 30 2019 // Beleaguered Indian tycoon Anil Ambani is in talks to sell his group’s general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt. Reliance Capital Ltd., controlled by...
Arthur J. Gallagher Buys Minority Stake in India’s Edelweiss Insurance Brokers
May 21 2019 // Arthur J. Gallagher & Co. announced it has purchased a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a wholly owned subsidiary of Edelweiss Group, the Indian diversified financial services...
Powerful Cyclone Hits India’s East Coast, Forcing Evacuation of More Than 1 Million
May 3 2019 // A category 4 storm with strong winds and heavy rain made its landfall on India’s east coast, with authorities evacuating more than 1 million people to safer places. Flight and train services remained shut. Cyclone...
India’s Shriram Capital Plans to Merge Its Units to Boost Insurance, Lending Businesses
Apr 10 2019 // R. Thyagarajan, founder of Shriram Capital Group, said the Indian company is getting close to merging its listed units, a move the firm hopes will help the non-bank financier boost its lending and insurance...
FDA Vows Tougher Testing as More Manufacturers Outsource
Mar 27 2019 // U.S. regulators plan to revamp rules governing how medicines are manufactured, in an effort to ensure the safety of the nation’s drug supply as recalls of contaminated imports from developing countries...
India’s New Web Rules Address Data Privacy, Commercial Liability
Feb 26 2019 // India outlined a new draft policy for its burgeoning e-commerce sector on Saturday, focusing on data localisation, improved privacy safeguards and measures to combat the sale of counterfeit products. The proposed overhaul,...
