CHENNAI/SEOUL – An investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its full report released on …
A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and low-lying slums as city authorities struggle to contain the coronavirus pandemic. Live TV coverage showed inky black clouds framing the …
India has released safety guidelines for restarting manufacturing industries as it partially eases the world’s most expansive pandemic lockdown and tries to avoid further incidents after a gas leak last week. While restarting units, companies must consider the first week …
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 following the …
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 services including hospital and healthcare providers, food distribution, and pharmaceutical manufacturers, …
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 for 11 major crops across the two main …
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 diversified financial services conglomerate, Edelweiss Group. Financial details of …
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 said. The talks …
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 …
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 investment destination. Presenting the annual budget for …
