The New India Assurance Company Limited
New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake.
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- Investor Meet27
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- Board Meeting14
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The New India Assurance Company Limited has announced leadership changes, assigning the additional charge of Chairman-cum-Managing Director to Executive Director Mr. S. Sivasankar. This interim appointment follows a government order and spans an initial period of three months or until a regular successor is appointed. Mr. Sivasankar brings over three...
New India Assurance received an Income Tax refund of ₹781.39 Cr, including ₹59.63 Cr in interest. This cash inflow significantly enhances the company's financial liquidity and strengthens its balance sheet.
The New India Assurance Company received an income tax refund of Rs 255.68 Cr, including Rs 22.57 Cr in interest, for Assessment Year 2019-20. This cash inflow strengthens its financial position.
New India Assurance received a tax refund of Rs. 612.34 Cr. This significant inflow includes Rs. 180.51 Cr in interest, positively impacting the company's financial position and liquidity.
New India Assurance secured a favorable Income Tax order, resulting in the deletion of a Rs. 672.36 Cr demand for AY 2022-23. This development removes a significant financial liability for the company.