August 10, 2012
The return of a pro-market reformer to India’s finance ministry has cheered investors and contributed to a market rally, but Palaniappan Chidambaram will need both political deftness and some luck to tackle the problems dragging the economy down. Faced with …
August 1, 2012
Hundreds of millions of people across India were left without power on Tuesday in one of the world’s worst blackouts, trapping miners, stranding train travelers and plunging hospitals into darkness when grids collapsed for the second time in two days. …
July 17, 2012
Boston-based catastrophe risk modeling firm AIR Worldwide announced that it has released a cyclone model for India. “The new peer-reviewed model, which was developed out of AIR’s Hyderabad office, captures the effects of wind and precipitation-induced flooding on insured properties …
June 27, 2012
Liberty Mutual Insurance Group announced that Liberty Videocon General Insurance Company Ltd, a joint venture between Liberty Mutual Insurance Group and Videocon Industries Ltd., has received the necessary license from India’s insurance regulatory authority to commence its operations. The operation …
June 12, 2012
The United States extended exemptions from its tough, new sanctions on Iran’s oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of the month. In the latest …
June 7, 2012
Willis Re, the reinsurance arm of Willis Group Holdings, announced the appointment of Kieran Angelini-Hurll as Regional Director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations, a newly created post within the group. He will be based …
May 1, 2012
Indian state-run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from sanctions-hit Tehran from July, a Shipping Corp of India director said on Tuesday. “We have in …
April 25, 2012
Standard & Poor’s cut India’s credit rating outlook on Wednesday to negative from stable, reflecting the toll that hefty fiscal and current account deficits and political paralysis are exacting on Asia’s third-largest economy. The negative outlook jeopardizes India’s long-term rating …
March 21, 2012
The United States exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian oil, but left Iran’s top customers China and India exposed to the possibility of such steps. The decision means banks …
March 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 behemoth that’s little known outside …