Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India’s Insurance Regulator Issues IPO Guidelines
Dec 1 2011 // India’s insurance regulator on Thursday notified guidelines for life insurers to raise capital via initial public offering (IPO) or subsequent public fund raising from the equity markets. The Insurance Regulatory and...
India’s Bharti, Reliance End Talks on Insurance Joint Ventures Deal
Nov 28 2011 // Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France’s AXA, the two Indian companies said on Friday. Reliance said the...
Aon Benfield Reports Asia Monsoon Economic Losses near $7 Billion
Oct 7 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Report Says Asia to Add 1.66 Million Millionaires by 2015
Aug 31 2011 // Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastest-growing major economies of China and India continue to mint millionaires, a report...
US, India Pledge Market Access Cooperation; Could Ease Insurance Barriers
Jun 28 2011 // Finance chiefs from the United States and India pledged on Tuesday to continue efforts to open up India’s financial, retail, manufacturing and infrastructure sectors to competition but offered no specific measures to...
S&P Sees High Growth Potential for India’s P&C Market
May 26 2011 // Standard & Poor’s Ratings Services has published a report, which concludes that the Indian non-life insurance sector has “substantial growth potential because market penetration remained low–leaving...
Special Report: As Pirate Attacks Increase, Ship Owners Take Arms
May 3 2011 // Upstairs in a public house in the town of Poole on the English south coast, 18 men are preparing to take on the pirates of the Indian Ocean. Around antique polished wooden tables scattered with laminated charts, handouts...
WTO Faces Tough Choices after Latest Doha Round Setback
Apr 22 2011 // World Trade Organization members face a somber Easter Sunday because of a fight over manufacturing trade between the United States and major emerging economies like China, India and Brazil that could finally kill...
Berkshire Hathaway Enters India Insurance Market
Mar 4 2011 // Billionaire Warren Buffett’s Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said. Berkshire made no investment in Bajaj, but will sell policies for...
Pirates Hijack Cargo Ship with 25 People aboard off India
Dec 7 2010 // Suspected Somali pirates hijacked a Bangladeshi ship carrying nickel ore in the Arabian Sea and appear headed to the lawless East African nation, officials said Monday. The Bangladesh-flagged M.V. Jahan Moni appears to...
Aon Benfield Cat Report for November Highlights Cold and Floods
Dec 6 2010 // In its latest monthly assessment of the world’s catastrophes for November Aon Benfield highlights the first winter weather event of the season across Europe with “notable affects.” the report, published...
Business Moves
Nov 14 2010 // AIM, Quincy Mutual A.I.M. Mutual Insurance Cos. and Quincy Mutual Group will join forces to create the Commercial Solutions Underwriting Alliance, a business arrangement designed to meet the commercial lines product needs...
Liberty Mutual to Establish Joint P/C Venture with India’s Videocon
Nov 4 2010 // Liberty Mutual Group announced that it has concluded a partnership with “Videocon Industries Ltd., the flagship company of $5 Billion Videocon Group, with diversified interest in Consumer Electronics, Household...
Asia Faces Higher Losses from Disasters, Report Says
Sep 21 2010 // China, India and Indonesia are likely to face much higher losses from natural disasters in coming decades as their economies grow faster than their capacity for disaster prevention and relief, a new report has...
Willis India to Appeal Insurance Regulators’ Decision on License
Sep 9 2010 // Willis Group Holdings announced today that it will appeal a decision by India’s Insurance Regulatory & Development Authority (IRDA) that it is “not inclined to accept” the license renewal application...
India’s Economic Reforms in ‘Limbo’ as State Elections Near
Aug 30 2010 // Will India’s government succeed in passing key pro-market bills that have been in limbo for years? Not in the near future, say analysts. With state elections around the corner, the Congress-led government may have...
India’s Nuclear Bill Gives Stiffer Penalties, Higher Insurance Costs
Aug 11 2010 // India is rewriting a bill that will allow global firms to access its $150 billion nuclear power market, suggesting stiffer compensation for industrial accidents and extending liability to cover private suppliers. The...
Business Groups Press Emerging Economies over Doha
Jul 22 2010 // Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators. The letter,...
Investors Still Hope for India Fiscal Reform after Mixed Year
May 24 2010 // To its admirers, India’s ruling coalition has had a good year — sound fiscal policy to stave off a ruinous global credit crisis, fast growth and some tentative steps toward reforms. Those are likely to be...
Hunt for Clues after India Plane Crash Kills 158; 8 Survive
May 24 2010 // Grieving relatives collected the victims’ remains from a crashed Indian plane and investigators sifted through the rubble Sunday for the cockpit voice and the flight data recorder after India’s worst air...
