All the headlines from our India Topic Page, ordered by recency.
Dec 4 2023 // A severe cyclone in the Bay of Bengal is likely to cause heavy rain and strong winds across southeast India, with authorities warning of flash floods, damage to crops and power failures in some affected areas.Cyclone...
Nov 30 2023 // Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for its next phase of growth.The first phase followed the creation in 2020 of...
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...
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,...
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...
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...
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 to...
Sep 28 2023 // Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms slapped with similar notices as the government intensifies its crackdown on alleged evasion.ICICI Lombard...
Sep 28 2023 // A factory fire at iPhone assembler Pegatron India was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together, two sources briefed on the matter...
Sep 26 2023 // Apple supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhones for a second straight day at its south India factory where a fire broke out on Sunday, three sources...
Aug 31 2023 // Reliance Industries Ltd. is in discussions with global and domestic executive headhunters to find a leader for Jio Financial Services Ltd.’s newly created insurance business, according to people familiar with the...
Aug 18 2023 // Some regions of India are bracing for more torrential rain, raising the risk of further causalities after natural calamities such as floods and lightning killed 2,000 people during the current monsoon season.Rains have...
Aug 1 2023 // This edition of International People Moves details appointments at Marsh and Howden.A summary of these new hires follows here. Marsh Promotes Duca to Global Head of Credit SpecialtiesMarsh, the insurance broker and risk...
Jul 25 2023 // U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a more favored suitor than Zurich Insurance Group, two people with direct knowledge of the discussions...
Jun 16 2023 // Strong winds, heavy rain and high tides lashed India’s Gujarat coast late on Thursday as Cyclone Biparjoy made landfall after authorities there and in neighboring Pakistan had evacuated more than 180,000 people to...
Jun 14 2023 // Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct knowledge of the matter said, a deal that would mark its first major bet on the fast-growing South Asian...
Jun 13 2023 // Major oil and container ports have shut in India as a severe cyclone tracks toward the nation’s west coast near Pakistan.Adani Group’s flagship Mundra operation, India’s busiest container harbor, the oil...
Jun 12 2023 // A storm off India’s west coast has strengthened to become a powerful cyclone and could hit India’s western state of Gujarat and southern parts of Pakistan this week, the weather department said.The cyclone,...
Jun 5 2023 // The train derailment in eastern India that killed more than 300 people and injured hundreds more was caused by an error in the electronic signaling system that led a train to wrongly change tracks, India’s railways...
Mar 27 2023 // Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology security breach in early March impacted operations.A ransomware group has...