Latest news with #IndusTreatyIndia
Time of India
28-04-2025
- Business
- Time of India
Time to rejig your investments? Here's why gold is the X-factor between lower and higher-return generating portfolios
Balanced portfolios with gold deliver consistent outperformance In this TrendMap, we have considered the weighted annual returns for comparison. The equal weighted portfolio of equity , debt and gold has topped the charts in seven of the past 11 years. Portfolios with a strong debt component ranked in the top two in six of those years. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" On the other hand, high volatility associated with the portfolio with a strong equity component positioned it in the lowest two ranks in six out of the past 11 years. Looking at the risk-return profile of the seven defined portfolios in the past 11 years, the average weighted annual return and average standard deviation of the portfolio with a strong equity component have been the highest. The average return and average standard deviation have been the lowest for the portfolio with a strong debt component. Gold has clearly emerged as a crucial asset—every portfolio with gold delivered positive returns after the Covid-19 outbreak. In contrast, portfolios with zero gold exposure have recorded a loss in one of the six years since 2020. Source: ACE MF. Rankings based on weighted annual returns. *2025 rankings are based on YTD weighted annual returns, as on 18 April 2025 closing values. Other years' rankings are based on weighted annual returns that are calculated between the first and last trading day closing values. Benchmarks used: Equity: Nifty 500 Index; Debt: Crisil Composite Bond Index; Gold: Nippon India ETF Gold BeES.
Time of India
27-04-2025
- Business
- Time of India
IndusInd Bank to fix accountability, book Rs 1,960 cr loss in Q4 after derivatives probe
Private sector lender IndusInd Bank on Sunday said it will take action against employees responsible for lapses in its derivatives portfolio and re-align roles of senior management as part of efforts to strengthen accountability. The bank also confirmed it will absorb the full impact of losses amounting to Rs 1,959.98 crore from incorrect accounting practices in its March 2025 quarter results. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" 'The Board is taking necessary steps to fix accountability of the persons responsible for these lapses and re-align roles and responsibilities of senior management,' IndusInd Bank said in a filing to the stock exchanges. The move follows the completion of a detailed investigation by an independent professional firm, which was appointed by the bank's board on March 20, 2025. The probe was aimed at identifying the root cause of accounting discrepancies in the bank's derivatives portfolio disclosed earlier on March 10. The appointed firm submitted its report on April 26, determining that the cumulative adverse impact on the bank's profit and loss account stood at Rs 1,959.98 crore as of March 31, 2025, broadly in line with earlier estimates disclosed on April 15. According to the bank, the losses stemmed primarily from incorrect accounting of internal derivative trades, particularly in cases of early termination. These errors led to the recording of notional profits, significantly distorting the bank's financials. 'The Bank will appropriately reflect the resultant impact of the accounting discrepancies in the financial statements for FY 2024-25 and take measures to strengthen internal controls accordingly,' the statement added. As a preventive measure, the bank had already discontinued all internal derivative trading from April 1, 2024. The episode first came to light on March 10, when IndusInd shocked markets by revealing that mark-to-market (MTM) losses in its derivatives book could dent up to 2.35% of its net worth as of December 2024—amounting to nearly Rs 1,600 crore. The revelation triggered a sharp market reaction , with the bank's shares tumbling nearly 25% from Rs 900 to Rs 686 apiece. Following this, the bank engaged PwC to quantify the derivative losses initially identified in October 2024. Additionally, global audit and advisory firm Grant Thornton Bharat (GTB) was brought in last month to conduct a forensic investigation, as directed by the Reserve Bank of India (RBI). The central bank had instructed the appointment of a new firm to undertake a thorough, independent review of the discrepancies and ensure conservative loss estimation.
Time of India
26-04-2025
- Entertainment
- Time of India
Vijay's Coimbatore rally takes a shocking turn: Fan jumps from tree to meet Tamil star. Watch viral video
Actor-turned-politician Vijay was left stunned during his political campaign in Coimbatore on Saturday when a fan dramatically jumped down from a tree onto his vehicle. Vijay, who was campaigning for his party, Tamilaga Vettri Kazhagam (TVK), was seen interacting with a large crowd when the unexpected incident occurred. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" In a video shared by Sun News, Vijay can be seen waving to supporters when a commotion from behind draws his attention. Turning around, he watches in shock as a fan jumps from a tree onto his caravan. After recovering from the surprise, Vijay quickly helps the fan to his feet and even offers him a scarf bearing the party's colors. Following this, another fan attempts to climb onto the vehicle, prompting Vijay to retreat inside as his security personnel step in to control the situation. The incident highlighted the immense passion of his supporters but also raised concerns about crowd safety at political events. The video of the fan's daring move quickly spread across social media platforms, sparking a range of reactions. Some users criticized the behavior, questioning the extreme lengths some fans go to. A comment speculated about the authenticity of the act, saying, "It is planned it seems?" — sunnewstamil (@sunnewstamil) Vijay's Political Aspirations and Film Career Vijay, who started his acting career as a child artist in 1984 with Vetri and transitioned to lead roles with Naalaiya Theerpu in 1992, recently appeared in Venkat Prabhu's 2024 film The Greatest of All Time. His upcoming and final acting project will be Jana Nayagan, directed by H. Vinoth, featuring a star-studded cast including Pooja Hegde, Bobby Deol, and Mamitha Baiju. Produced by Venkat K Narayanan under KVN Productions, the film is scheduled for a Pongal 2026 release, with Vijay's shooting portion expected to conclude by the end of April. With plans to contest in the 2026 elections, Vijay is preparing to transition fully into a political career with TVK. 'Sachin' Re-release Achieves Impressive Box Office Collection Meanwhile, Vijay's 2005 film Sachin was re-released in theaters on April 18 to mark its 20th anniversary. The romantic-comedy film, directed by John Mahendran and starring Genelia opposite Vijay, was warmly received by fans. Reports indicate that over 59,000 tickets were booked via BookMyShow, and the re-release has collected over Rs 11 crore so far. The film also featured performances by Bipasha Basu, Vadivelu, Santhanam, Raghuvaran, Thalaivasal Vijay, and others.
