The New India Assurance Company Ltd. News and Updates

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20 Mar 2025

156.28

0.80%

New India Assurance gets Rs 124.98 cr demand notice from Income Tax dept

Business Standard

Public sector general insurer New India Assurance on Thursday said it has received a Rs 124.98 crore demand notice from the Income Tax Department. The company received an order on March 19, 2025, from the National Faceless Assessment Centre, Income Tax Department, levying a penalty of Rs 1,24,98,58,050 for disallowance of payment made to auto dealers for the assessment year 2016-17, New India Assurance Company said in a regulatory filing. The amount would be shown as a contingent liability in the financial statements of the company, it said. Based on the merits of the matter, the company would pursue an appeal before the National Faceless Appeal Centre (NFAC) or other legal options against the order, it said.

The New India Assurance Company Ltd. is trading above its 30 day SMA of 152.7

The New India Assurance Company Ltd.

13 Feb 2025, 11:07PM

156.28

0.80%

Public sector general insurers post combined profit of Rs 1,066 cr in Q3

Business Standard

Public Sector General Insurance Companies (PSGICs) have achieved financial turnaround in the December quarter, posting a combined profit of Rs 1,066 crore on the back of various reforms by the finance ministry. Public sector general insurance companies (PSGICs), that historically reported losses, witnessed a major turnaround with all of them becoming profitable again, the finance ministry said in a statement on Thursday. While Oriental Insurance Company Ltd (OICL) and National Insurance Company Ltd (NICL) started posting quarterly profits from Q4 of 2023-24 and Q2 of 2024-25, respectively, United India Insurance Company Ltd (UIICL) posted profit in Q3 of 2024-25 after a gap of seven years, it said. Notably, New India Assurance Company Ltd (NIACL) has consistently maintained its position as a market leader and has been making profits regularly, it said. New India Assurance Company recorded nearly 51 per cent drop in net profit to Rs 353 crore for the third quarter of the current...

The New India Assurance Company Ltd. has lost -30.45% in the last 1 Year

The New India Assurance Company Ltd.

29 Jan 2025

156.28

0.80%

The New India Assurance Company Q3 Results 2025 on 29 Jan, 2025: profit falls by 51.62% YOY, profit at 349.05 crore and revenue at 10229.68 crore

livemint

The New India Assurance Company Q3 Results 2025 on 29 Jan, 2025: Revenue decreased by 4.18% YoY & profit decreased by 51.62% YoY, profit at 349.05 crore and revenue at 10229.68 crore

The New India Assurance Company Ltd. has lost -30.45% in the last 1 Year

The New India Assurance Company Ltd.

28 Jan 2025

156.28

0.80%

to see Rapid results content

The New India Assurance Company Ltd.

26 Nov 2024

156.28

0.80%

NIACL's stock rises 6% after receiving cumulative tax return of Rs 1,945 cr

Business Standard

NIACL's share price today surged after the company said that it has received a cumulative tax return of Rs 1,945 crore

The New India Assurance Company Ltd. is trading above its 30 day SMA of 152.7

The New India Assurance Company Ltd.

04 Nov 2024

156.28

0.80%

to see Rapid results content

The New India Assurance Company Ltd.

30 Oct 2024

156.28

0.80%

New India Assurance Q2 results: PAT at Rs 71 cr, total income up 2.5%

Business Standard

New India Assurance on Wednesday reported a net profit of Rs 71 crore for the second quarter ended September 2024. The state-owned general insurer had booked a net loss of Rs 200 crore in the year-ago period. The total income of the Mumbai-based entity rose to Rs 10,090 crore from Rs 9,839 crore in the year-ago period, New India Assurance said in a regulatory filing. The company's written gross premium also rose to Rs 9,620 crore in the second quarter of this fiscal compared to Rs 9,397 crore a year ago. Its net premium collection increased to Rs 8,067 crore against Rs 7,894 crore in the same quarter a year ago, it said. However, the total expenditure of the company during the period under review declined to Rs 10,577 crore from Rs 10,628 crore in the year-ago period.