According to the Business Standard newspaper, currently, India's atomic reactors are insured only until the time they are not operational. As soon as the fission material is fired into the reactors, the insurance cover ends Nuclear Power Corporation of India Ltd (NPCIL) bears the responsibility of any damages. As NPCIL...
Warren Buffett enters India via Berkshire Hathaway
Berkshire Hathaway, promoted by billionaire Nebraska investor Warren Buffet, will become part of India’s auto insurance market. Berkshire Hathaway will position itself with an existing Indian corporation, Bajaj Allianz General. Entrance through an existing corporation is in response to Indian law which prohibits high level of direct foreign investment in...