Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India Continues Rescue Operations After Powerful Cyclone Tauktae Batters Region
May 19 2021 // AHMEDABAD/MUMBAI – Naval vessels and aircraft scoured the waters off India’s west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield...
Cyclone Sinks Barge Operated by India’s Oil & Natural Gas Corp., Hundreds Rescued
May 18 2021 // A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp. prompting a massive operation to rescue 96 people missing from the vessel. “Long-range...
Update: Severe Cyclone Tauktae Slams India’s West Coast
May 17 2021 // A severe cyclonic storm made landfall on India’s west coast, home to major refineries and ports, causing heavy rain and strong winds at a time when the nation is already battling the world’s worst outbreak of...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
May 12 2021 // Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to...
India’s Choice Group Launches Digital Insurance Marketplace ISMOS
May 4 2021 // India’s Choice Group has launched an insurance aggregator platform called ISMOS that will offer life, health and general insurance. Suyash Patodia, executive director of Choice Insurance Broking, calls ISMOS is a...
Fairfax Commits $5 Million for COVID-19 Relief in India
Apr 28 2021 // Fairfax Financial Holdings announced that it has made a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the country’s urgent...
India Increases Limit on Foreign Direct Investment in Insurance Companies
Mar 22 2021 // India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an economy battered by the pandemic. Lawmakers approved a legislation increasing the limit...
Reuters Exclusive: India Central Bank Seeks Limit on Banks’ Ownership in Insurers
Mar 2 2021 // India’s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with knowledge of the...
Rescuers Search for Workers Trapped at Hydropower Site in Flood-Hit North India
Feb 9 2021 // Rescue workers continue to battle mountains of slush and debris at a hydropower construction site in north India that was damaged by flash floods that have killed at least 11 people. The rescue team of Indo-Tibetan Border...
India’s New Rules for Insurance Investments Could Attract U.S., European Insurers
Feb 1 2021 // NEW DELHI – The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country’s insurance industry, a move that could attract inflows from U.S. and European...
Aon Acquires India’s Anviti Insurance Brokers
Dec 14 2020 // Insurer broker Aon has acquired a 49% equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending regulatory approvals. Financial...
Cyclone Burevi Weakens After Bringing Heavy Rain to Southern India
Dec 4 2020 // CHENNAI – A cyclone that brought heavy rain to parts of southern India and neighboring Sri Lanka has weakened into a “practically stationary” deep depression, India’s weather office said on Friday. It...
Tropical Cyclone Burevi Heads to Southern India After Ramming Sri Lanka
Dec 3 2020 // COLOMBO — The Burevi tropical cyclone is headed towards southern India, authorities said on Thursday, after it slammed Sri Lanka’s east coast earlier this week but caused little damage. The India Meteorological...
India Weighs Sale of 25% Stake in Nation’s Biggest Life Insurer
Sep 30 2020 // India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening...
Second Fire Erupts on Indian Oil Corp. Tanker Off Sri Lanka Coast
Sep 3 2020 // A new fire broke out on a supertanker carrying about 2 million barrels of oil in the Indian Ocean off the east coast of Sri Lanka, spokesmen for the country’s navy said on Thursday, adding that one of its 23 crew was...
With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center
Sep 2 2020 // NEW DELHI/MUMBAI — Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground...
India’s Aviation Regulator Points to Pilot Error in Air India Express Crash
Aug 9 2020 // The Air India Express jet that overshot the runway on Friday, killing at least 18 people, had touched down too far along the airstrip, the chief of India’s aviation regulator said amid ongoing investigations. Arun...
Facebook’s WhatsApp to Expand Indian Partnerships to Offer Pensions, Insurance
Jul 24 2020 // Facebook Inc.’s WhatsApp plans to team up with more Indian lenders to expand banking services in rural areas and for lower income individuals, the messaging platform’s country head said on Wednesday. WhatsApp,...
SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B
Jul 20 2020 // Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans...
QBE Sells Stake in India Insurance Joint Venture to Fintech Platform Paytm
Jul 8 2020 // India’s financial technology platform Paytm is set to acquire Mumbai-based private sector general insurer Raheja QBE General Insurance Co. Ltd. The acquisition is subject to customary conditions, including approval...
