Indian authorities have ordered British insurer Aviva's local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and ...
Financial security is a key concern for every individual, and Life Insurance plays a crucial role in ensuring a stable future ...
Balamurugan Shanmugam of Aviva India looks for opportunities in themes like discretionary consumption that offers reasonable ...
Life Insurance is more than just an assurance - it is a smart financial tool that provides protection, stability, and peace of mind. It ensures that no matter what happens, your family’s future ...
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February 17, 2025 Aviva's India arm hit with $7.5 million fine for fake invoice scheme, order shows Indian authorities have ordered British insurer Aviva's local unit to pay $7.5 million in back ...
Aviva's India business is run in joint venture with Dabur Invest Corp., a prominent local firm. Aviva owns 74% of the business, after increasing its stake from 49% in 2022. Dabur did not respond ...
The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the 2023-24 financial year. Aviva also faces stiff competition from rivals in ...
The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10m in the 2023-24 financial year. Aviva also faces stiff competition from rivals in India's ...