Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
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...
Update: Severe Cyclone Titli Hits Eastern India, Killing 9 People, Displacing 300,000
Oct 12 2018 // A severe cyclone damaged homes and blew down trees and power poles in eastern India, where nine people were killed and about 300,000 forced to move to higher ground. Cyclone Titli, or Butterfly, had winds blowing up to 150...
Markel India Is Now Open for Business, Providing Specialist Facultative Reinsurance
Oct 5 2018 // Markel International, the London-based specialist insurer and reinsurer, announced that its Mumbai office is now open and actively writing business. Markel said it provides specialist facultative reinsurance to local...
Pilots Forget to Pressurize Cabin of Jet Airways India Flight, Injuring Some Passengers
Sep 21 2018 // Pilots operating a Jet Airways India Ltd. flight on Thursday forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some aboard. About 30 of the 166 passengers aboard the...
India Refinery Cancels Iran Oil Imports to Keep Insurance Cover as Sanctions Loom
Sep 20 2018 // India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue...
A.M. Best Sees Recent Floods Having Limited Effect on India’s Insurers’ Ratings
Sep 17 2018 // A.M. Best said it does not expect flooding in the Indian state of Kerala to have a significant impact on the balance sheet strength of rated Indian non-life insurers; however, the losses may add to the unfavorable...
J&J in India Agrees to Work on Compensation Plan for Hip Implant Patients
Sep 11 2018 // Johnson & Johnson (J&J) said it would work with the Indian government to compensate patients who had suffered from hip implants that were recalled by the U.S. healthcare firm eight years ago after data showed high...
