Articles by Anto Antony and Bhuma Shrivastava

India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz

As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group Inc. is predicting a …

India Insurance Bill Could Attract More Than $3 Billion in Foreign Investments

Indian companies with insurance ventures, including Max India Ltd. and Reliance Capital Ltd., are poised to benefit from higher foreign-shareholding limits that may draw more than $3 billion from overseas investors. The passage of a bill raising the amount foreign …

India Raises Insurance Investment Cap in First Big Win for Modi

India’s parliament voted to increase the foreign investment limit in the insurance industry, the first major legislative victory for Prime Minister Narendra Modi as he seeks to overhaul Asia’s third-biggest economy. The bill, stuck in parliament since 2008, will allow …

India’s Prime Minister Plans Executive Order to Allow More Foreign Investment

Prime Minister Narendra Modi sought to pressure Indian lawmakers into approving two key economic policy changes a day after a parliament session ended without a vote on the bills. Modi will use an executive order known as an ordinance to …

AIG’s 13-Year Wait Gets Longer as Modi Rebuffed: Corporate India

American International Group Inc. has waited 13 years in India to raise its stake in a local venture from a maximum allowed 26 percent. That wait is about to get longer. Opposition lawmakers, during the current session of parliament scheduled …

State Bank of India Mulls Share Sales in Insurance, Asset-Management Units

State Bank of India, the country’s largest lender, is considering share sales in its insurance and asset-management units to meet tighter capital requirements. “We are in talks with our joint-venture partners regarding the listing of the insurance units,” Chairman Arundhati …