Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
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...
India Investigator Recommends Moving S. Korea-Owned Plant After Gas Leak
Jul 7 2020 // CHENNAI/SEOUL – An investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its...
U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon
Jun 24 2020 // Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers as a significant proportion of the US$4 billion economic cost was covered by insurance,...
Cyclone Nisarga Lashes India’s Business Capital, Forcing Evacuation of 100,000
Jun 4 2020 // A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and low-lying slums as city authorities struggle to contain the coronavirus pandemic. Live...
Cyclone Nisarga to Disrupt India’s Mumbai Financial Hub
Jun 2 2020 // Mumbai, the financial capital of Asia’s third-largest economy, is likely to be affected by a cyclonic storm Wednesday, potentially causing widespread disruption in business and hurting efforts to fight the virus...
Update: Cyclone Amphan Floods Areas of India and Bangladesh, Killing Dozens of People
May 21 2020 // The biggest cyclonic storm over the Bay of Bengal in two decades wrecked havoc along India’s east coast and in Bangladesh, killing dozens of people, flooding low-lying areas and affecting power supply. Amphan is...
India, Bangladesh Prepare for Biggest Cyclone in 20 Years with Evacuation of Thousands
May 19 2020 // The biggest cyclonic storm over the Bay of Bengal in about two decades may likely weaken as it hits coasts of India and Bangladesh late on Wednesday, with authorities making preparations to evacuate more than 5 million...
Cyclone Amphan Intensifies, Threatening India, Bangladesh with Dangerous Storm Surge
May 18 2020 // Tropical Cyclone Amphan has intensified into the equivalent of a Category 5 storm as it tracks toward India and Bangladesh through the Bay of Bengal Maximum sustained winds in Cyclone Amphan increased from 75 mph to 160...
India Releases Safety Guidelines on Restarting Factories After LG Chem Gas Leak
May 11 2020 // India has released safety guidelines for restarting manufacturing industries as it partially eases the world’s most expansive pandemic lockdown and tries to avoid further incidents after a gas leak last week. While...
Gas Leak at LG Chem Plant in India Kills at Least 7, Forcing Evacuation of Thousands
May 7 2020 // An overnight gas leak at an LG Chem Ltd. polymer plant in southern India has killed at least seven people and forced the evacuation of thousands in the city of Visakhapatnam after the company tried to restart operations...
Gallagher Releases Pandemic Group Insurance Product for India’s Front-Line Workforce
May 4 2020 // International insurance broker Gallagher announced the release of a Pandemic Group Insurance product, providing a comprehensive COVID-19 indemnity cover solution to the India market. For essential workers and front-line...
Pandemic Crisis Story: Moving 1000-Plus Employees in 7 Countries in Just 2 Weeks
Apr 20 2020 // Amit Tiwari, chief operating officer at Xceedance, the Boston-based insurance consulting, managed services, and insurtech company, explains the challenges of enabling business continuity plans in the face of a global...
India’s Future Group to Sell Stake in Insurance Joint Venture with Generali
Apr 13 2020 // India’s Future Group has picked UBS Group AG to lead the sale of its stake in an insurance joint venture with Italy’s Assicurazioni Generali SpA, according to people familiar with the matter. Future Group is...
India in Lockdown Rushes to Maintain Back Office Functions for Global Businesses
Mar 25 2020 // Companies in India are scrambling to ensure that the millions who staff the back offices of Wall Street banks and take on work outsourced by firms from airlines to insurers can keep going as the nation mandates increased...
Venice Floods, Australia Bushfires, India Cyclone Top November Catastrophes
Dec 11 2019 // Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon’s latest edition of its monthly Global Catastrophe Recap...
