IndusInd Bank’s promoter, Ashok Hinduja, has assured investors that the bank remains financially strong despite recent turbulence in its stock performance. He confirmed that the promoters are prepared to inject capital if needed, reiterating confidence in the institution’s ability to handle its ongoing challenges.

The reassurance follows a sharp decline in IndusInd Bank’s stock, which plummeted 26% on March 11, wiping out nearly Rs 18,000 crore from its market capitalization. The drop was triggered by concerns over discrepancies in the bank’s derivatives portfolio, which is expected to have a 2.35% impact on its net worth.

“Shareholders need not panic”

Speaking to the media, Hinduja emphasized that the bank remains in a strong financial position.

“Shareholders need not panic. These are routine issues. I understand the concern regarding the delay in communication, but banking is built on trust and integrity,” he stated.

Hinduja also reaffirmed confidence in the bank’s leadership, noting that IndusInd Bank has successfully navigated various challenges over its 30-year history.

“We’ve seen IndusInd Bank through various challenges, and they have been handled effectively. This issue, too, will be resolved,” he added.

Capital adequacy remains strong

Despite the market reaction, Hinduja reiterated that the bank remains well-capitalized. He clarified that while the promoters are willing to inject fresh capital if necessary, the bank’s capital adequacy ratio stands above 15%, and there is currently no immediate concern.

“If there’s a need for capital raise, the promoter is ready to inject funds. We are awaiting approval from the regulator. However, as of now, the bank’s capital adequacy ratio is above 15%, and there are no concerns.”

Market reaction and leadership concerns

The decline in stock value was further exacerbated by brokerages downgrading IndusInd Bank following the Reserve Bank of India’s (RBI) decision to approve a one-year extension for MD & CEO Sumant Kathpalia—shorter than expected.

On March 10, IndusInd Bank disclosed that an internal review had revealed discrepancies in its derivatives portfolio, which could impact its net worth by approximately Rs 1,500 crore. However, the final impact is still subject to an external review.

Hinduja assured that the bank’s board and management are fully equipped to manage the situation, adding that similar challenges have been faced by banks worldwide.

“The board and management are capable of resolving these issues,” he stated.

As IndusInd Bank navigates the current volatility, investors are closely monitoring further developments regarding its derivatives portfolio review and capital injection plans.

The Nothing Phone 3a and Phone 3a Pro are slated to hit the market in India shortly, with sales expected to commence approximately a week after their official launch. Both devices come packed with a series of updates aimed at optimizing the user interface and enhancing the overall photographic experience.

In the Nothing community forum, several noteworthy updates have been shared. These include improved interaction with the Essential Key, which now supports both short and long press options. Users will also benefit from Essential Space widgets, a redesigned homepage, and a detailed page that includes an ‘upcoming’ section for effective task management. Additionally, smart insights in system language add another layer of user-friendly functionality.

On the photography front, significant improvements have been made to the camera capabilities of both models. Users can now capture higher-quality photos, featuring enhanced clarity in macro mode and a refined portrait mode that provides better background blurring. The camera app itself has been upgraded, incorporating fixes for existing bugs and enabling users to import custom cube files for their personal filters. Moreover, the introduction of new camera presets allows for more creative freedom in capturing images.

The Nothing Phone 3a and 3a Pro are equipped with a cutting-edge triple-camera system that boasts up to 60X ultra zoom capabilities. This impressive technology is complemented by a Snapdragon processor, ensuring an optimized gaming experience. Both models feature a stunning 6.77-inch FHD+ AMOLED display, offering a fluid 120 Hz refresh rate and an impressive peak brightness of 3,000 nits, making for vibrant visuals even in bright conditions.

The pricing for the Nothing Phone 3a begins at ₹19,999, while the Phone 3a Pro starts at ₹24,999. Notably, customers who place their orders on the launch day can take advantage of special limited-time offers, providing added incentive to make a purchase.

With their combination of advanced technology, user-friendly enhancements, and attractive pricing, the Nothing Phone 3a and 3a Pro are positioned as essential and progressive smartphones, appealing to users who value both performance and design in their mobile devices.

Jaipur hosted the grand 2025 International Indian Film Academy (IIFA) Awards, marking its 25th anniversary with a star-studded event. The night witnessed the triumph of Kiran Rao’s Laapataa Ladies, which bagged ten prestigious awards, making it the biggest winner of the evening.

Among the major highlights, Kartik Aaryan won the Best Actor award for his performance in Bhool Bhulaiyaa 3, while Nitanshi Goel was honored with Best Actress for her role in Laapataa Ladies. Raghav Juyal received accolades for his menacing portrayal in Kill, earning the Best Performance in a Negative Role award.

Complete list of winners:

Major Awards:

Best Picture – Laapataa Ladies

Best Performance In A Leading Role (Male) – Kartik Aaryan (Bhool Bhulaiyaa 3)

Best Performance In A Leading Role (Female) – Nitanshi Goel (Laapataa Ladies)

Best Direction – Kiran Rao (Laapataa Ladies)

Best Performance In A Negative Role – Raghav Juyal (Kill)

Best Performance In A Supporting Role (Female) – Janki Bodiwala (Shaitaan)

Best Performance In A Supporting Role (Male) – Ravi Kishan (Laapataa Ladies)

Writing and Technical Excellence:

Best Story (Original) – Biplab Goswami (Laapataa Ladies)

Best Story (Adapted) – Sriram Raghavan, Arijit Biswas, Pooja Ladha Surti, Anukriti Pandey (Merry Christmas)

Best Screenplay – Sneha Desai (Laapataa Ladies)

Best Dialogue – Arjun Dhawan, Aditya Dhar, Aditya Suhas Jambhale, Monal Thaakar (Article 370)

Best Editing – Jabeen Merchant (Laapataa Ladies)

Best Cinematography – Rafey Mahmood (Kill)

Best Sound Design – Subash Sahoo, Boloy Kumar Doloi, Rahul Karpe (Kill)

Best Special Effects – Red Chillies VFX (Bhool Bhulaiyaa 3)

Music and Choreography:

Best Music Director – Ram Sampath (Laapataa Ladies)

Best Lyrics – Prashant Pandey (Sajni from Laapataa Ladies)

Best Singer (Male) – Jubin Nautiyal (Dua from Article 370)

Best Singer (Female) – Shreya Ghoshal (Ami Je Tomar 3.0 from Bhool Bhulaiyaa 3)

Best Choreography – Bosco-Caesar (Tauba Tauba from Bad Newz)

Debut and Special Honors:

Best Directorial Debut – Kunal Kemmu (Madgaon Express)

Best Debut (Male) – Lakshya Lalwani (Kill)

Best Debut (Female) – Pratibha Ranta (Laapataa Ladies)

Outstanding Achievement In Indian Cinema – Rakesh Roshan

Memorable Moments

The evening was lit up with breathtaking performances by Bollywood stars including Shah Rukh Khan, Madhuri Dixit, and Kareena Kapoor. A major highlight was Shahid Kapoor and Kareena Kapoor’s on-stage reunion, where they shared a heartfelt hug, setting social media abuzz.

With its grand celebration and dazzling winners, the IIFA Awards 2025 proved to be a remarkable night for Indian cinema.