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India Tunnel Collapse Shows Risk of Construction in Fragile Himalayas

Nov 20 2023 // For nearly a week, 40 workers have been trapped in an under-construction tunnel after a landslide demolished its entrance, derailing a major connectivity development in India’s mountainous state of Uttarakhand. Since...

Tankers, Newly Sanctioned by US, Supplied Russian Oil to India

Nov 17 2023 // Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia’s Far East to Indian Oil Corp, the country’s top refiner, in recent months, according to shiptracking data from LSEG,...

Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million

Nov 2 2023 // Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees ($487 million), including infusion of fresh capital. The Switzerland-based insurer will buy 51% stake...

India Insurance Startup Raises Funds at $650 Million Valuation

Oct 11 2023 // Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million. Investors including Japanese giant Mitsubishi UFJ Financial Group...

Aon Plc Acquires India’s Global Insurance Brokers

Oct 6 2023 // Global Insurance Brokers, a major provider of risk management, insurance, and reinsurance broking services in the Indian subcontinent, announced its acquisition by Aon plc. Financial details of the deal, which is subject...

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