Latest India Headlines

All the headlines from our India Topic Page, ordered by recency.

Microinsurance Industry Sees Profits from the Poor

Jun 25 2009 // Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago.But when the next flood hits, and it will because Jakarta...

New Aon Terrorism Threat Map Shows Shift in Sphere of Conflict

Jun 3 2009 // Aon has just issued the latest version of its “Terrorism Threat Map.” The most significant change from previous maps shows a “shift in Islamist terrorist activity from the Middle East to South...

UPDATE: Cyclone Aila Death Toll up to 168 in India, Bangladesh

May 28 2009 // The death toll from Cyclone Aila in eastern India and Bangladesh rose to at least 168 on Wednesday, officials said, while heavy rains after the storm caused deadly mudslides and slowed rescue efforts. The toll was expected...

40 Killed as Cyclone Aila Hits India, Bangladesh

May 27 2009 // The death toll from Cyclone Aila reached 40 on Tuesday after it lashed eastern India and Bangladesh and stranded thousands in their flooded villages, officials said.The storm destroyed nearly 3,000 thatched and mud houses...

Credit Insurer Coface Downgrades 28 Countries, 19 on Negative Watch

Apr 10 2009 // Trade credit insurer Coface notes that the current “credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all regions. After observing a decline in the average financial...

El Nino Study Challenges Global Warming Intensity Link

Mar 24 2009 // Research showing an El Nino event in 1918 was far stronger than previously thought is challenging the notion that climate change is making El Nino episodes more intense, a U.S. scientist said on Tuesday.El Nino causes...

Ratings: Swiss Re (Canada), New India, Transsib Re, HDI, Willow Re (Notes), Euro Arab

Feb 3 2009 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss Reinsurance Company Canada and has assigned a category NR-5 (Not...

Corporate Fraud Scandals Can Detonate Anywhere

Jan 9 2009 // When it comes to corporate fraud scandals, nowhere is safe.Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in...

Foreign Companies Review Security after Mumbai Attacks

Dec 5 2008 // Foreign companies in India are reassessing their security to cope with changing threats after the three-day rampage and siege by Islamist militants in Mumbai last week, risk consultants said on Friday.Foreigners appear to...

IAG, State Bank of India Agree to Form General Insurance Joint Venture

Nov 24 2008 // Insurance Australia Group Limited (IAG) and State Bank of India (SBI) announced that they have signed a joint venture agreement to establish a general insurance company in India, which is expected to commence trading in...

India’s Tata Sons Eyes Stake in AIG Asia Unit, Sources Say

Oct 17 2008 // India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said.The U.S. insurance giant has been seeking to sell assets after nearly...

‘Dramatic’ WTO Farm Deal Close If Talks ‘Can Be Revived’

Aug 14 2008 // A world trade deal that dramatically opens livestock markets in the European Union, Canada and Japan is within grasp, if talks that collapsed last month in Geneva can be revived.U.S. Trade Representative Susan Schwab...

Marsh India Promotes Kedia to CEO, Country Manager

Aug 12 2008 // Marsh has announced the promotion of Sanjay Kedia to CEO and Country Manager for Marsh India Insurance Brokers Private Limited (Marsh India). He takes over from Jonathan Bitcheno, who has retired to his native New Zealand...

French Agriculture Minister: China, India Thwarted WTO Negotiations

Jul 31 2008 // France’s agriculture minister said Wednesday that “big emerging countries” were to blame for the collapse of World Trade Organization talks on opening up the global economy.The president of a leading...

Ratings Recap: Endurance, ACR Re Takaful, Stoneheath Re, Nacional de Reaseguros, Emirates, Oriental

Jul 30 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’...

World Trade Talks Stall as Troubles Grow

Jul 29 2008 // Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better terms.Negotiators...

Developing Countries Split over WTO Farm Protection

Jul 28 2008 // The world’s poorer countries are divided over proposals for a new global trade deal, with developing country food importers pitted against exporters pushing for greater liberalization.The differences turn on two...

Economic, Insurance Reforms Possible in India Following Parliament Vote

Jul 24 2008 // India’s government has regained political momentum after surviving a confidence vote in parliament, but optimistic talk about restarting stalled economic reforms could be overblown, analysts said.Economists say the...

India’s WNS Buys Insurer Aviva’s Business Process Offshoring Business

Jul 10 2008 // Back-office firm WNS (Holdings) Ltd said it acquired insurer Aviva’s business process offshoring (BPO) business for about $228 million, a deal that will give the company $1 billion worth of outsourced work over a...

European Union, India Support Including Insurance in World Trade Deal

Jul 8 2008 // The European Union and India said on Monday they were committed to a world trade deal that takes account of services as well as agriculture and industrial goods.A joint statement issued after Indian Trade Minister Kamal...