Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India’s State-Run Insurer LIC Set to Launch Record $8 Billion IPO on March 11: Sources
Feb 18 2022 // A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at $8 billion, is expected to open for anchor investors on March 11, three sources with direct...
India’s Life Insurance Corp. Files IPO Papers to Potentially Raise $8 Billion
Feb 14 2022 // State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest...
Life Insurance Corp. of India’s Embedded Value Set at More Than $66.8B: Gov’t Official
Feb 3 2022 // NEW DELHI – State-run Life Insurance Corp. of India’s (LIC) embedded value has been finalized at more than 5 trillion rupees ($66.82 billion), a government official who is overseeing what is expected to be the...
Berkshire’s, SoftBank’s Early Investments in India’s Paytm Sour After Stock Rout
Jan 31 2022 // The collapse in the shares of Paytm following India’s largest initial public offering is proving an expensive lesson for the firm’s early backers. Paytm shares have tumbled 58% since the stock listed on Nov....
LIC Could Begin Issuing Public Shares for India’s Biggest IPO by Mid-March: Sources
Jan 14 2022 // Life Insurance Corp. (LIC), India’s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month and begin issuing public shares by mid-March, government and banking officials...
Foxconn India Restarts Production at iPhone Plant After December’s Worker Protests
Jan 13 2022 // CHENNAI – Apple Inc supplier Foxconn restarted production at its plant in southern India on Wednesday, a company official said, over three weeks after it was closed because of protests over workers falling sick. The...
India Pushes for $203 Billion Valuation for State-Owned Insurer in Mega IPO: Sources
Jan 12 2022 // India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, people familiar with the...
Life Insurance Corp. of India’s IPO Prospectus Could Be Filed in Final Week of January
Jan 11 2022 // Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the nation’s biggest initial public offering, according to people with knowledge of the matter. The state-run...
Foxconn Unlikely to Reopen India iPhone Manufacturing Facility Until Jan 7: Official
Jan 4 2022 // Apple Inc supplier Foxconn is unlikely to reopen its shuttered iPhone manufacturing facility in southern India until Jan. 7, a senior government official familiar with the matter told Reuters. The Foxconn plant, located in...
Apple Puts India iPhone Supplier, Foxconn, on Probation for Labor Violations
Dec 29 2021 // Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to...
Marsh Increases Shareholding in Marsh India from 49% to 92%
Dec 27 2021 // Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%. Marsh said the enhanced investment will enable it to more effectively meet the...
KKR Nears Deal to Buy Stake in India’s Shriram General Insurance Ahead of IPO
Dec 15 2021 // KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for about 18 billion rupees ($237 million), according to people familiar with the matter, as the Indian financial...
India’s Paytm Tumbles in Market Debut, as Investors Question Lack of Profits
Nov 18 2021 // MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever...
India Shuts 5 Coal-Fired Power Plants to Combat Air Pollution in New Delhi
Nov 17 2021 // NEW DELHI—India has temporarily shut down five coal-fired power plants around the capital New Delhi as part of its drive to combat air pollution, according to an order from the federal environment ministry panel on air...
SoftBank-Backed Fintech Raises $761M in India IPO. Now Comes the Hard Part.
Nov 16 2021 // Yashish Dahiya’s PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO. Now comes the hard part. “Now, we have to deliver,” the founder and chief executive officer...
Willis Towers Watson Agrees to Acquire Remaining 51% Stake in WTW India
Nov 3 2021 // Insurance broker Willis Towers Watson announced the signing of an agreement to acquire the remaining 51% shares from Anemone Holdings Private Ltd and Rohit Jain in Willis Towers Watson (WTW) India. WTW currently owns 49%...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution
Nov 2 2021 // China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing...
Aromatherapy Spray From India Linked to U.S. Deaths Being Recalled
Oct 26 2021 // U.S. health officials may have solved the mystery of how four people in different states came down with a serious tropical disease even though none had traveled internationally: an aromatherapy spray imported from...
Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source
Oct 22 2021 // NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the...
Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers
Oct 18 2021 // Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Ltd. Financial details of the transaction, which...
