HDFC Ergo General Insurance News

HDFC Bank’s $40B Bid to Buy Shareholder May Face India Reg Hurdles on Insurance Ops

India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, analysts said. Sources told Reuters last year that the Reserve …

Freak Weather Risks India’s Renewable Energy Goals, Affecting Insurers, Lenders

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 projects, threatening a business which survives on wafer-thin …

India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz

As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group Inc. is predicting a …