India News

Uber Seeks Dismissal of Lawsuit In Alleged Delhi Rape

Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India’s capital, saying the ridesharing company could not be held legally responsible for the driver’s acts. The passenger, who reported being raped and beaten …

A.M. Best: India Law to Raise Foreign Investment Interest in Insurance Sector

There will be heavy interest from foreign investors in India’s insurance sector now that global insurers are permitted to increase their stakes in Indian companies, according to a new briefing from A.M. Best. The Best’s briefing, titled “India’s New Legislation Will Draw …

India Insurance Bill Could Attract More Than $3 Billion in Foreign Investments

Indian companies with insurance ventures, including Max India Ltd. and Reliance Capital Ltd., are poised to benefit from higher foreign-shareholding limits that may draw more than $3 billion from overseas investors. The passage of a bill raising the amount foreign companies can …

India Tops List of Countries at Risk From River Flooding, Analysis Shows

Gross domestic product at risk of flooding in India, the world’s second-most populous nation, may surge 10-fold by 2030 as cities expand and climate challenges worsen, according to the World Resources Institute. A new online global flood-analyzing tool developed by …

Factbox: U.S.-India Nuclear Deal Designed to Address Industry Liability

The nuclear “breakthrough understanding” between President Barack Obama and Prime Minister Narendra Modi seeks to allay U.S. concerns about industry liability and unlock billions of dollars in investments into Indian power projects. Here’s a Q&A that lays out some of the detail of the …

Insurance Pool May Unlock India-U.S. Atomic Trade

Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability law. With the 1984 Bhopal gas tragedy …

Attempt in India to Raise Foreign Ownership Cap for Insurance Hits Logjam

Indian Prime Minister Narendra Modi risks failing to win approval from lawmakers for one of his biggest policy changes yet, a setback that dims prospects for other key bills until he wins greater sway in the upper house. In a …

India’s Opposition Party Could Support Insurance Industry Liberalization

India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Prime Minister Narendra Modi proposed in August to lift the cap on foreign …

European Banks have $3.4 Trillion of Exposures to Emerging Markets

European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies. The …

Insurance Leaders from India, Japan to Speak at Iowa Symposium

Keynote speakers at a global insurance symposium scheduled for May in Des Moines, Iowa, will include high ranking insurance officials from Japan and India. Gov. Terry Branstad says Japan’s Vice Commissioner Masamichi Kono and the chairman of India’s Insurance Regulatory …