Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India Begins Calculating Quake’s Cost
Jan 30 2001 // While the search for survivors continues, Indian authorities are beginning to calculate the economic costs of the destruction wrought by the worst earthquake in 50 years. First estimates indicate the costs of repairing...
India Quake Toll Rises: 20,000 Feared Dead, Widespread Devastation Reported
Jan 29 2001 // As foreign teams joined local rescue workers in a desperate race to comb the wreckage for any survivors of India’s worst earthquake in 50 years, estimates of the the number of people killed exceeded 20,000. The...
Heavy Losses Feared in India Quake
Jan 26 2001 // Damage reports are still coming in from the huge earthquake, estimated to have measured 7.9 on the Richter scale, which struck near the town of Bhuj in the Indian State of Gujarat at 8:50 a.m. local time this morning. At...
AIG Indian Joint Venture License Approved
Jan 24 2001 // American International Group announced that it has received approval from the Indian Insurance Regulatory and Development Authority to establish a joint venture with the Tata Group “to market commercial and personal...
Canada Life Rules Out Indian Venture
Dec 11 2000 // The Canada Life Insurance Co. has decided not to pursue plans for a joint venture in India for the time being, citing its expansion commitments into reinsurance and the Brazilian and German insurance markets as the...
Indian Regulators Step Up Insurance Approvals
Nov 27 2000 // In an effort to reach their announced goal of ruling on all pending applications for insurance licenses by the end of this year, India’s Insurance Regulatory & Development Authority has granted several...
RSA Granted First Indian P/C License
Oct 24 2000 // Royal & SunAlliance (RSA) became the first foreign company to receive a license to write p/c insurance from India’s Insurance Regulatory and Development Authority (IRDA) with its partner Sundaram Finance Ltd.,...
13 Insurers Await Indian Licenses
Oct 17 2000 // India’s Insurance Regulatory and Development Authority confirmed that 13 foreign based insurance companies with their local partners have applied for permission to establish privately owned life or general insurance...
AIG, Tata Group To Launch P/C, Life Cos. In India
Oct 9 2000 // American International Group and Tata Group, one of India’s largest and most successful industrial conglomerates, have joined forces to launch insurance ventures in life insurance and p/c in India. In accordance with...
Canada Life Launches Joint Venture in India
Sep 25 2000 // Canada Life announced that it has formed a joint venture with Centurion Bank Ltd, TCFC Finance Ltd. of Mumbai and the ARDEE group of New Delhi to establish Canada Centurion Assurance Company in India. Under newly...
Allstate First to Apply As India Opens Insurance Market
Aug 17 2000 // U.S. insurer Allstate and the U.K.’s Prudential Plc became the first foreign companies to submit applications, in conjunction with their Indian partners, to establish private insurance companies to sell life products...
U.S. Ambassador Sees Insurer Investment in India
Jun 26 2000 // U.S. Ambassador to India, Richard Celeste, predicted that India’s opening of its market to foreign insurers would bring a s much as $1 billion in investments over the next few years from U.S. Companies. India’s...
As India Opens Its Market, Insurers Plan Ventures
May 31 2000 // When Indian President K.R. Narayanan signed landmark legislation last January, opening India’s insurance market to foreign competition, he unleashed a potential revolution in the highly regulated sector. While not...
