Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India Government Recommends J&J Pay Compensation for Recalled Hip Implants
Aug 29 2018 // A government panel has recommended that Johnson & Johnson (J&J) pay compensation of at least $28,500 to each Indian patient who suffered from artificial hip implants the U.S. healthcare firm recalled eight years...
Google Partners with Indian Banks to Attract Users to Its Digital Payments Services
Aug 29 2018 // Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital...
Berkshire Invests $356M in One97, Parent of India’s Biggest Digital Payments Firm
Aug 28 2018 // Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments...
India Hit with Worst Floods in Century, Bringing Damages of $3B, 350-Plus Deaths
Aug 20 2018 // Some 800,000 people have been displaced and over 350 have died in the worst flooding in a century in southern India’s Kerala state, as authorities rushed to bring drinking water to the most affected areas, officials...
Cyber Criminals Steal $13.5M from India’s Cosmos Bank
Aug 15 2018 // Cyber criminals hacked the systems of India’s Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank has told...
India Weighs Comprehensive Data Privacy Bill, Similar to EU’s GDPR
Jul 31 2018 // A draft of a sweeping data privacy bill has been submitted to India’s government that, if enacted, will restrict the transfer and storage of information on more than 1 billion people by global technology corporations...
India’s HPCL Cancels Iran Oil Purchase After Insurer Refuses to Provide Cover: Sources
Jul 26 2018 // India’s Hindustan Petroleum Corp. (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources...
RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software
Jul 17 2018 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being...
Modi’s Plan to Provide Health Insurance to Half a Billion Indians Hits Serious Hurdles
Jul 5 2018 // Prime Minister Narendra Modi’s plan to provide health insurance to half a billion Indians — a mass of people larger than the entire population of South America — before he seeks a fresh mandate next year...
Almost Half of South Asia Vulnerable to Climate ‘Hotspots’: World Bank
Jul 3 2018 // Changes in temperature and rainfall will impact almost half of South Asia in the coming decades, reducing economic growth in one of the world’s poorest regions, the World Bank said. A World Bank report released on...
Generali Expands Stake in India’s Future Group to 49%
Jun 26 2018 // Generali Group announced it has signed an agreement with Future Group to increase its stake in its insurance ventures in India to 49 percent from 25.5 percent. Generali’s presence in India is currently in the form of...
Sulphuric Acid Leak at Vedanta India Copper Smelter Could Damage Environment
Jun 20 2018 // Vedanta Ltd. said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences. The district administration had said on...
Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform
Jun 12 2018 // Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by...
Bitcoins Worth $3M Stolen from India’s Cryptocurrency Trading Platform Coinsecure
Apr 13 2018 // One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. An official at Delhi-based Coinsecure was extracting...
Pembroke Managing Agency Gets Nod to Manage Lloyd’s Syndicate for India’s GIC Re
Mar 21 2018 // Pembroke Managing Agency Ltd., the London-based subsidiary of Ironshore, has been granted approval by Lloyd’s to establish and manage a syndicate for India’s GIC Re. GIC Syndicate 1947 has been granted...
India Cyber Bank Heist Used ‘Similar’ Methods to $81M Bangladesh Bank Hack
Feb 21 2018 // Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh’s central bank in 2016,...
India’s City Union Bank Hit by Cyber Heist via SWIFT Payments System
Feb 20 2018 // India’s City Union Bank said on Sunday that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial...
India Flags Low Health Insurance Penetration as Damper to Growth
Feb 6 2018 // India’s push toward universal health care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan last week to provide health...
Japan’s SoftBank Eyes Taking Stake in India Insurance Startup: Sources
Jan 25 2018 // SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese...
Tata Group Predicts Significant Organic Growth Opportunities in Insurance
Jan 23 2018 // The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate looks to sharpen its focus on about half a dozen businesses. “Both our...
