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Credit fund’s collapse leads to $1 billion lawsuit against EY

by AIP Online Bureau | Jul 9, 2025 | Eco/Invest/Demography, International News

In a claim filed with Ontario’s Superior Court last month, PricewaterhouseCoopers alleged that EY issued unqualified opinions on Bridging’s books from 2014 to 2020 despite red flags, including inflated asset values and hidden defaults. Bridging Finance Inc.’s receiver...

Go Digit General Insurance gets Bombay HC relief on GST demand

by AIP Online Bureau | Jul 9, 2025 | Briefs, Non-Life, Regulation

After ICICI Lombard General Insurance, the Bombay High Court has set aside a Rs 170.29 crore GST demand against Prem Watsa invested Go Digit General Insurance and ordered the tax department to reconsider the case. An assessment was raised by the Chennai South GST...
Movement of fuel control switches may have caused Air India plane crash, says a Report

Movement of fuel control switches may have caused Air India plane crash, says a Report

by AIP Online Bureau | Jul 9, 2025 | Indian News

Moving a fuel control switch from “RUN to CUTOFF” in flight would cause the fuel supply to stop flowing to the associated engine. This may result in its immediate shutdown and the loss of any thrust, according to Air Current. That would also stop the two...

Seventeen river gauge stations across India currently above warning level CWC

by AIP Online Bureau | Jul 9, 2025 | Eco/Invest/Demography, Indian News

According to the latest flood bulletin issued on Wednesday, there are no stations currently in an “extreme flood situation”, where the previous highest flood level (HFL) is equalled or exceeded New Delhi: Seventeen river gauge stations across India are currently above...

SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore

by AIP Online Bureau | Jul 9, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The overall net assets under management (AUM) of the mutual fund industry rose to an all-time high of Rs 74.41 lakh crore as against Rs 72.20 lakh crore in May and Rs 69.99 lakh crore in April, according to the AMFI data. New Delhi: Mutual fund systemic investment...
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