Latest news with #Tips
CNET
a day ago
- CNET
Will Tesla Be Banned in California? And More
Back Services & Software All the news and tips you need to get the most out of services, apps and software you use every day.
Business Times
3 days ago
- Business
- Business Times
US dollar weakness drives UK fund out of Treasuries and into gilts
A depreciating US dollar has driven one UK asset manager to reallocate money out of inflation-protected Treasuries and into equivalent British bonds. Across three multi-asset funds worth a total of £1.8 billion (S$3.1 billion), London-based CG Asset Management (CGAM) has switched around £100 million out of US Treasury Inflation Protected Securities (Tips) and into UK inflation-linked government bonds since the end of March. The move to skirt currency risk comes as the US dollar has slumped 7 per cent against the pound this year, with US President Donald Trump's unpredictable tariff policies and a widening deficit dragging on the greenback's appeal. That depreciation now 'weighs a bit on any kind of long unhedged allocation to Tips or US conventional government bonds', portfolio manager Emma Moriarty said in an interview. She has now paused the reallocation as 70 per cent of the portfolios' exposure is sterling, a level 'at the very high end for where this would normally be'. Within CGAM's largest multi-asset fund, the Capital Gearing Trust, the gilt linker portfolio returned 1 per cent over the second quarter whereas the Tips portfolio lost 6 per cent. Since April, Moriarty has grown holdings in UK index-linked bonds from 9 per cent to 15 per cent. While longer maturity gilts have struggled this year given doubts about the UK's finances, Moriarty said so-called linkers have been closing the gap in performance with their American counterparts in their own right. Most linkers have gone from 'uninvestable' to 'good value', Moriarty said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'In relative terms, the UK is now in a much better position in that UK real yields are now quite elevated,' she added. Still, in both markets, CGAM has shifted out of the short end of the curve after heightened short-term inflation expectations, and also out of the long-end given concerns of an economic slowdown and fiscal risks. Moriarty currently favours maturities between five and 10 years. Historically, CGAM had favoured the US as the 'number one' most valuable inflation market as its outlook for outright real yields was 'really positive' due to expectations that they would track the relatively rapid growth rate of the US economy. But concerns over tariffs and the US dollar have changed that. Moriarty has shrunk holdings in Tips from 28 per cent to 22 per cent in the last three months, with inflation-linked bonds hit particularly hard in April's market turbulence. The reallocation chimes with other investors also shifting money out of US dollar assets and into Europe. 'The biggest threat to the US dollar is actually just this rotation away from US assets,' Moriarty said. BLOOMBERG
Economic Times
26-06-2025
- Entertainment
- Economic Times
How 'Ramaiya Vastavaiya' star Girish Kumar, who acted in just two films, became richer than Aamir Khan
Girish Kumar, who debuted in Bollywood in 2013 opposite Shruti Haasan in Ramaiya Vastavaiya , quietly exited the film industry after just two films. Today, he's not just a former actor but also the Chief Operating Officer of Tips Industries—one of India's leading music and entertainment companies—with a personal net worth estimated at ₹2,164 crore, making him wealthier than many Bollywood superstars, including Aamir Khan. Born into the influential Taurani family, Girish is the son of producer Kumar S. Taurani and nephew of Ramesh Taurani—co-founders of Tips Industries. After a brief stint in films, which included the 2016 box office failure Loveshhuda , Girish transitioned to the family business. Despite Ramaiya Vastavaiya performing moderately at the box office (₹38 crore), it gained cult popularity through television reruns and a chart-topping soundtrack, especially Atif Aslam's 'Jeena Laga Hoon.' Girish was even nominated for Best Debut awards, but he soon chose a different path. By 2024, Tips Industries had reached a market capitalization of over ₹10,500 crore. As COO, Girish has played a pivotal role in scaling the company. His corporate stake and executive role have significantly contributed to his massive personal wealth, surpassing the likes of Ranbir Kapoor, Ranveer Singh, and even Aamir Khan, whose net worth is pegged around ₹1,900 crore. Recently spotted in Mumbai after years out of the limelight, Girish sparked fan nostalgia. Dressed casually in a white tee and jeans, the former romantic lead looked far removed from his film days—but very much successful in his new avatar. Now married to his childhood sweetheart Krsna and a father, Girish lives in Mumbai and continues to work behind the scenes at Tips. His story is a rare case of reinvention—proving that sometimes, one movie is all it takes to build a lasting legacy, if you know where to go next.
India.com
25-06-2025
- Entertainment
- India.com
Meet actor who left acting despite successful debut, joined Rs 8,500 crore company as…, richer than Aamir Khan, Ranbir Kapoor, name is....
Everyone aspires to try their luck in Bollywood, but success is destined for only a few. Something similar happened with the actor who played the role of Ram in Ramaiya Vastavaiya . In 2013, he won the hearts of fans with his charming smile, and his popularity continued to grow. However, after this, he appeared in only one more film, Loveshhuda in 2016. Unfortunately, the film flopped at the box office, after which the actor distanced himself from the industry. What happened next surprised everyone. Girish chose to step away from the limelight and joined his family business. Today, he is a successful corporate COO, managing a business valued at Rs 4,700 crore. Yes, we're talking about actor Girish Kumar. Who is Girish Kumar? Girish Kumar is the son of filmmaker Kumar S. Taurani and nephew of Ramesh S. Taurani, the founder of Tips Industries, a leading company in the Indian film industry. After quitting acting, Girish joined the family business and is now working as the Chief Operating Officer (COO) of Tips Industries. As of December 2024, the company has a market capitalisation of Rs 10,517 crore. His hard work and vision played a key role in making Tips a giant in the entertainment industry. Talking about his value, Girish's net worth stands at Rs 2,164 crore, which is higher than many Bollywood superstars. For context, Ranbir Kapoor's net worth is Rs 400 crore, Ranveer Singh's is Rs 245 crore, and even Aamir Khan's wealth is Rs 1,900 crore. Girish Kumar in the still from movie Ramaiya Vastavaiya Girish Kumar is still in the industry Girish Kumar lives in Mumbai with his wife, Krsna, and their child. He believes in balancing work and family, crediting his success to their unwavering support. He stays in touch with the Entertainment industry through his work in Tips. The distribution company deals with over 1,000 wholesalers and 400,000 retailers across India. Tips has produced movies like Jab Pyaar Kisise Hota Hai, Kya Kehna, Kunwara, Raaz, Ishq Vishk, Race, Merry Christmas, to name a few.
Hypebeast
25-06-2025
- Entertainment
- Hypebeast
Jae Tips Teases His Saucony ProGrid Triumph 4 'Flowers Grow Uptown' Collection
Summary Jae Tipshas cemented himself as one of the faces ofSaucony'slifestyle output, establishing this reputation over the course of five energetic footwear collaborations. The duo most recently teamed up at the end of March to introduce their Jazz 9'I Love You But I'm Busy'campaign and are now back atParis Fashion Weekto tease what's next. This time around, Tips has put together four floral takes on theProGrid Triumph 4, all assembled under the duo's new 'Flowers Grow Uptown' theme. He offered a first look at the project by highlighting a red colorway in an airport security bin, revealing key details such as the placement of his flower logo at each side of the midfoot, an 'UPTOWN' callout at the lateral heel, and a 'SAVIOR' nod at the medial. Following this, he unveiled all four of the campaign's pairs, showcasing colorful looks in green, purple, and pink as well. At the time of writing, neither Jae Tips nor Saucony have indicated when their four ProGrid Triumph 4 'Flowers Grow Uptown' colorways will be launching. Stay tuned for updates, including a complete set of imagery highlighting each pair, as we expect it to arrive later this year viaSavior Worldwide,Saucony, and select retailers.
