Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Mass Evacuation Saves Lives as Cyclone Phailin Strikes India
Oct 15 2013 // A mass evacuation saved thousands of people from India’s fiercest cyclone in 14 years, but aid workers warned a million would need help after their homes and livelihoods were destroyed. Cyclone Phailin was expected...
Tens of Thousands Flee Vast Cyclone Phailin Bearing Down on India
Oct 11 2013 // Tens of thousands fled their homes in coastal areas of eastern India and moved to shelters on Friday, bracing for the fiercest cyclone to threaten the country since a devastating storm killed 10,000 people 14 years...
Iranian Trade with India Hit by Insurance Delay Sources Say
Oct 8 2013 // Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded outside ports in both countries, industry sources said. The delays had occurred because...
Lloyd’s CEO Richard Ward Reflects on ‘Nearly 8’ Eventful Years
Oct 6 2013 // Lloyd’s CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two costliest years in the industry’s history, as well as the financial crisis, he...
Iran Detains Tanker Carrying Iraqi Crude Oil to India
Aug 15 2013 // An Indian ship carrying Iraqi crude has been detained by Iran in its territorial waters due to pollution concerns, the head of the refiner buying the oil and India’s shipping directorate said on Thursday. The Desh...
Lessons from U.S. Blackout of 10 Years Ago: Kemp
Aug 14 2013 // Exactly 10 years ago, at 15:05 Eastern Time on August 14, 2003, an overhead power line came into contact with an overgrown tree near Cleveland, Ohio. What happened next is a frightening case study of how vulnerable modern...
India’s MRPL to Receive Iranian Oil Cargo after 4-Month Gap
Aug 13 2013 // India’s Mangalore Refinery and Petrochemicals Ltd said on Monday it expects to receive an Iranian oil cargo by the end of this week, the firm’s first purchase from the sanctions-hit nation since April. The...
Aviva Considering Sale of India Life Insurance Stake Say Sources
Aug 5 2013 // Aviva PLC is planning to pull out of its Indian insurance joint venture, valued at more than $500 million, as the British insurer retreats from less-profitable markets where it has struggled to grow its business, sources...
India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments
Jul 18 2013 // India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of...
India Searches for Flood Survivors as Death Toll May Rise
Jun 21 2013 // Flash floods triggered by torrential rain in northern India may have killed hundreds of people, a government official said, as the armed forces stepped up searches for those stranded in mountainous areas. Narrow valleys in...
Monsoon Triggers Floods in India’s Himalayas, Killing 138
Jun 19 2013 // Air force helicopters and rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and landslides, killing at least 138 people and leaving hundreds missing. Parts of...
Iran Offers Insurance to India; Refiners Snub Plan
May 28 2013 // Iran has offered insurance to Indian refiners in a bid to boost its crude oïl sales, industry sources said, though some oil executives warned the plan would not remove the threat of western sanctions. The offer was made...
How Banks Will Recover Funds in $45M Cyber Heist
May 13 2013 // Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts...
India’s Finance Minister’s Insurance Reform Agenda Runs into Political Hurdles
Apr 30 2013 // An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram’s ambitious reform agenda, dealing a harsh dose of political reality on the heels of his North American...
McGraw Elected as ICC Chairman; Mittal Vice-Chairman
Apr 22 2013 // The Paris-based International Chamber of Commerce announced the election of Harold McGraw III to become the ICC’s Chairman and Sunil Bharti Mittal to become Vice-Chairman, effective July first. The current ICC...
Munich Re Supports Quake Prevention Project in India
Apr 12 2013 // Munich Re announced that it is supporting a prevention project in a region in India that is prone to earthquakes. The two-year project in conjunction with GeoHazards International, is aimed at protecting people, buildings...
India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil
Apr 3 2013 // India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global...
Longer Routes Help Oil Tankers Mitigate Iran Sanctions
Mar 21 2013 // Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia’s biggest economies, the founder of Nordic American Tankers Ltd. said on...
Munich Re Study Sees Asia Pacific Dominating Insurance Growth by 2020
Mar 20 2013 // “Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the...
India Finance Minister Wants ‘Outdated’ Caps on Foreign Investment Relaxed
Mar 18 2013 // India’s Finance Minister P. Chidambaram advocated the removal or relaxation of “outdated” caps on foreign direct investment (FDI) in different sectors, including insurance, as his government struggles to...
