Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
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...
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...
