Aviva India cleared brokerage model queried by tax officials
Financial Express Delhi|December 14, 2024
AN AVIVA BUSINESS model that tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows.
ADITYA KALRA & NIKUNJ OHRI

Tax inspectors accuse the British insurer of engaging in a clandestine scheme involving hundreds of individuals and illegal payments of $26 million that used fake invoices to enable commissions in excess of regulatory caps, Reuters has reported.

Aviva has said it is actively engaging with Indian authorities, but the accusations are the biggest challenge it faces in India where it has struggled to grow amid intense competition.

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Financial Express Delhi

'Had fun but it's time': Ashwin bows out of internationals with shock retirement call

RASHWIN STOOD IN the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".

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Financial Express Delhi

US announces H-1B visa overhaul, Indian techies to benefit

TO TAKE EFFECT IN MID-JANUARY

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2 dak  |
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Financial Express Delhi

Free healthcare for senior citizens: Kejriwal

AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.

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1 min  |
December 19, 2024
Financial Express Delhi

Navy boat hits ferry off Mumbai coast, 13 dead

A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday.

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1 min  |
December 19, 2024
Financial Express Delhi

Sebi tightens SME IPO rules

Sebi cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the threshold for identifying HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introducing a sunset clause governing corporate governance of debt-listed securities.

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December 19, 2024
Financial Express Delhi

Trump threatens to impose reciprocal tariffs on India

HE MADE THE remarks while responding to a question on a potential trade agreement with China.

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Financial Express Delhi

Opposition seeks Shah's resignation

● PM defends HM; slams Cong & its 'rotten ecosystem'

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Financial Express Delhi

Enhancing customer journey in the cloud

ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools.

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December 19, 2024
Financial Express Delhi

Moving beyond conventional tech

● AI offers a wide range of benefits for SMEs

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Financial Express Delhi

Drones deliver new hope to farmers

Aerial tech enhances farming efficiency, can tackle workforce woes

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