Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India’s Choice Group Launches Digital Insurance Marketplace ISMOS
May 4 2021 // India’s Choice Group has launched an insurance aggregator platform called ISMOS that will offer life, health and general insurance. Suyash Patodia, executive director of Choice Insurance Broking, calls ISMOS is a...
Fairfax Commits $5 Million for COVID-19 Relief in India
Apr 28 2021 // Fairfax Financial Holdings announced that it has made a commitment of US$5 million (approximately INR 37 crore) to fund initiatives to assist India with the recent surge in COVID-19 cases and the country’s urgent...
India Increases Limit on Foreign Direct Investment in Insurance Companies
Mar 22 2021 // India on Monday further opened up its insurance sector to foreigners, as the nation seeks to spur investments to give a fillip to an economy battered by the pandemic. Lawmakers approved a legislation increasing the limit...
Reuters Exclusive: India Central Bank Seeks Limit on Banks’ Ownership in Insurers
Mar 2 2021 // India’s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with knowledge of the...
Rescuers Search for Workers Trapped at Hydropower Site in Flood-Hit North India
Feb 9 2021 // Rescue workers continue to battle mountains of slush and debris at a hydropower construction site in north India that was damaged by flash floods that have killed at least 11 people. The rescue team of Indo-Tibetan Border...
India’s New Rules for Insurance Investments Could Attract U.S., European Insurers
Feb 1 2021 // NEW DELHI – The Indian government on Monday said it plans to raise limits on how much foreign companies can invest in the country’s insurance industry, a move that could attract inflows from U.S. and European...
Aon Acquires India’s Anviti Insurance Brokers
Dec 14 2020 // Insurer broker Aon has acquired a 49% equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India. Anviti will transition to the Aon brand pending regulatory approvals. Financial...
Cyclone Burevi Weakens After Bringing Heavy Rain to Southern India
Dec 4 2020 // CHENNAI – A cyclone that brought heavy rain to parts of southern India and neighboring Sri Lanka has weakened into a “practically stationary” deep depression, India’s weather office said on Friday. It...
Tropical Cyclone Burevi Heads to Southern India After Ramming Sri Lanka
Dec 3 2020 // COLOMBO — The Burevi tropical cyclone is headed towards southern India, authorities said on Thursday, after it slammed Sri Lanka’s east coast earlier this week but caused little damage. The India Meteorological...
India Weighs Sale of 25% Stake in Nation’s Biggest Life Insurer
Sep 30 2020 // India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening...
Second Fire Erupts on Indian Oil Corp. Tanker Off Sri Lanka Coast
Sep 3 2020 // A new fire broke out on a supertanker carrying about 2 million barrels of oil in the Indian Ocean off the east coast of Sri Lanka, spokesmen for the country’s navy said on Thursday, adding that one of its 23 crew was...
With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center
Sep 2 2020 // NEW DELHI/MUMBAI — Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground...
India’s Aviation Regulator Points to Pilot Error in Air India Express Crash
Aug 9 2020 // The Air India Express jet that overshot the runway on Friday, killing at least 18 people, had touched down too far along the airstrip, the chief of India’s aviation regulator said amid ongoing investigations. Arun...
Facebook’s WhatsApp to Expand Indian Partnerships to Offer Pensions, Insurance
Jul 24 2020 // Facebook Inc.’s WhatsApp plans to team up with more Indian lenders to expand banking services in rural areas and for lower income individuals, the messaging platform’s country head said on Wednesday. WhatsApp,...
SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B
Jul 20 2020 // Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans...
QBE Sells Stake in India Insurance Joint Venture to Fintech Platform Paytm
Jul 8 2020 // India’s financial technology platform Paytm is set to acquire Mumbai-based private sector general insurer Raheja QBE General Insurance Co. Ltd. The acquisition is subject to customary conditions, including approval...
India Investigator Recommends Moving S. Korea-Owned Plant After Gas Leak
Jul 7 2020 // CHENNAI/SEOUL – An investigation into a deadly gas leak at a South Korean-owned chemical plant in southern India that killed 12 people in May recommended the factory be moved away from inhabited areas, according to its...
U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon
Jun 24 2020 // Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers as a significant proportion of the US$4 billion economic cost was covered by insurance,...
Cyclone Nisarga Lashes India’s Business Capital, Forcing Evacuation of 100,000
Jun 4 2020 // A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and low-lying slums as city authorities struggle to contain the coronavirus pandemic. Live...
Cyclone Nisarga to Disrupt India’s Mumbai Financial Hub
Jun 2 2020 // Mumbai, the financial capital of Asia’s third-largest economy, is likely to be affected by a cyclonic storm Wednesday, potentially causing widespread disruption in business and hurting efforts to fight the virus...
