Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India’s Top Court Reaffirms Content Immunity for Internet Firms in Google Case
Dec 10 2019 // Alphabet Inc.’s Google isn’t liable for defamatory content posted on its platforms after 2009, India’s top court ruled, reaffirming immunity for Internet companies in the world’s second-most...
AIR Worldwide Launches Multi-Peril Crop Insurance Model for India
Nov 4 2019 // Catastrophe risk modeling firm AIR Worldwide (AIR) announced it has released a Multiple Peril Crop Insurance (MPCI) Model for India to help support probabilistic assessments of potential losses caused by yield shortfalls...
Arthur J. Gallagher Finalizes Purchase of Stake in India Broker Edelweiss
Oct 25 2019 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has completed the purchase of a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a subsidiary of India’s leading...
India’s Reliance Capital Ends Talks to Sell Its General Insurance Unit
Sep 10 2019 // Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled Indian tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter...
India Court Grants Facebook Some Relief in Key Privacy Case
Aug 21 2019 // India’s top court handed out a reprieve to Facebook Inc. in its battle to preserve the encryption feature of its Whatsapp messaging service which prevents it from sharing details of users or messages with the...
Freak Weather Risks India’s Renewable Energy Goals, Affecting Insurers, Lenders
Jul 17 2019 // India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy...
India Weighs Easing Foreign Investment Rules in Sectors Such as Insurance
Jul 8 2019 // The Indian government on Friday [July 5] said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia’s third-largest economy a more attractive...
Walmart Agrees to Pay $282 Million to End 7-Year Global Bribe Investigation
Jun 21 2019 // Walmart Inc. agreed to pay $282 million in penalties and a Brazilian unit admitted to violating a U.S. anti-bribery law, providing a relatively subdued ending to a seven-year investigation that spanned the globe and at one...
India’s Ambani Weighs Selling Reliance General Insurance to Reduce Debt
May 30 2019 // Beleaguered Indian tycoon Anil Ambani is in talks to sell his group’s general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt. Reliance Capital Ltd., controlled by...
Arthur J. Gallagher Buys Minority Stake in India’s Edelweiss Insurance Brokers
May 21 2019 // Arthur J. Gallagher & Co. announced it has purchased a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a wholly owned subsidiary of Edelweiss Group, the Indian diversified financial services...
Powerful Cyclone Hits India’s East Coast, Forcing Evacuation of More Than 1 Million
May 3 2019 // A category 4 storm with strong winds and heavy rain made its landfall on India’s east coast, with authorities evacuating more than 1 million people to safer places. Flight and train services remained shut. Cyclone...
India’s Shriram Capital Plans to Merge Its Units to Boost Insurance, Lending Businesses
Apr 10 2019 // R. Thyagarajan, founder of Shriram Capital Group, said the Indian company is getting close to merging its listed units, a move the firm hopes will help the non-bank financier boost its lending and insurance...
FDA Vows Tougher Testing as More Manufacturers Outsource
Mar 27 2019 // U.S. regulators plan to revamp rules governing how medicines are manufactured, in an effort to ensure the safety of the nation’s drug supply as recalls of contaminated imports from developing countries...
India’s New Web Rules Address Data Privacy, Commercial Liability
Feb 26 2019 // India outlined a new draft policy for its burgeoning e-commerce sector on Saturday, focusing on data localisation, improved privacy safeguards and measures to combat the sale of counterfeit products. The proposed overhaul,...
Munich Re’s India Partner Weighs Selling Health Insurer Stake: Sources
Feb 13 2019 // Prathap C. Reddy and his family, founders of India’s Apollo Hospitals Enterprise Ltd., plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter...
Generali Hikes Stake in Indian Insurance Joint Venture to 49% from 25.5%
Dec 31 2018 // Generali Group has finalized its agreement to increase its stake in its Indian insurance joint venture with Future Group to 49 percent from 25.5 percent. Through this transaction, Generali has committed up to approximately...
Indian Tech Billionaire’s Exit Pulls Corporate India Deeper into #MeToo Firestorm
Nov 16 2018 // The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc....
JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms
Nov 15 2018 // JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More commonly known for flood maps and models, JBA collaborated with Chaucer through its...
Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI
Nov 14 2018 // Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total...
Indian Employers Pressured to Take More Seriously Surge in #MeToo Allegations
Oct 12 2018 // Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week. At least one major Indian...
