All the winners at the IIFA Awards 2023 in Abu Dhabi

Bollywood fantasy film Brahmastra: Part One - Shiva and gritty biopic Gangubai Kathiawadi were the big winners at this year's International Indian Film Academy Awards.

Held across two days, on Friday and Saturday, at Etihad Arena in Abu Dhabi, Bollywood's biggest and brightest stars paid tribute to their colleagues and celebrated with some colourful performances.

The IIFA Awards are an annual celebration of all things Bollywood. Abu Dhabi was hosting the event for the second year in a row.

On Friday at IIFA Rocks, a night dedicated to music and fashion, Sanjay Leela Bhansali's period biopic Gangubai Kathiawadi was the big winner in the technical categories, clinching trophies for cinematography, screenplay and dialogue. The film, about real-life gangster Ganga Harjivandas Kathiawadi, a mafia chief in 1960s Bombay, stars Alia Bhatt in the lead.

Bhatt won the award for Best Actor in a Leading Role (Female) for her performance in the film.

Hrithik Roshan won the leading actor trophy for his role in the Abu Dhabi-shot Vikram Vedha.

Anees Bazmee's Bhool Bhulaiyaa 2, the horror comedy starring Kartik Aaryan and Tabu, won two awards – Best Choreography for title track and Best Sound Design.

Brahmastra: Part One - Shiva won the majority of the awards on Saturday at the gala event, including Best Playback Singer for Shreya Ghoshal (Female) and Arijit Singh (Male), as well as Best Supporting Actor (Female) for Mouni Roy.

Mouni Roy with her Best Supporting Actor (Female) award for Brahmastra: Part One - Shiva. Photo: IIFA

Babil Khan, the son of late Bollywood actor Irrfan Khan, shared the Best Debut (Male) award with Shantanu Maheshwari. Khan was celebrated for his role in the film Qala, and Maheshwari for starring in Gangubai Kathiawadi.

Khushali Kumar won the Best Debut (Female) awards for Dhoka Around the Corner.

Babil Khan and Shantanu Maheshwari shared the Best Debut (Male) award for Qala and Gangubai Kathiawadi, respectively. Photo: IIFA

Here are all the winners at the IIFA Awards 2023:

- Best Film: Drishyam 2

- Best Director: R Madhavan for Rocketry: The Nambi Effect

- Best Actor in a Leading Role (Female): Alia Bhatt for Gangubai Kathiawadi

- Best Actor in a Leading Role (Male): Hrithik Roshan for Vikram Vedha

- Best Actor in a Supporting Role (Female): Mouni Roy for Brahmastra: Part One - Shiva

- Best Actor in a Supporting Role (Male): Anil Kapoor for Jugjugg Jeeyo

- Outstanding Achievement for Fashion in Cinema: Manish Malhotra

- Outstanding Achievement in Indian Cinema: Kamal Haasan

- Best Adapted Story: Aamil Keeyan Khan and Abhishek Pathak for Drishyam 2

- Best Original Story: Perveez Sheikh and Jasmeet Reen for Darlings

- Outstanding Achievement in Regional Cinema: Marathi film Ved, directed by Riteish Deshmukh

- Best Debut (Male): Shantanu Maheshwari for Gangubai Kathiawadi and Babil Khan for Qala

- Best Debut (Female): Khushali Kumar for Dhoka Around the Corner

- Best Playback Singer (Female): Shreya Ghoshal for the song Rasiya from Brahmastra: Part One - Shiva

- Best Playback Singer (Male): Arijit Singh for the song Kesariya from Brahmastra: Part One - Shiva

- Best Music Direction: Pritam for Brahmastra: Part One - Shiva

- Best Lyricist: Amitabh Bhattacharya for the song Kesarya from Brahmastra: Part One - Shiva

- Best Cinematography: Gangubai Kathiawadi

- Best Screenplay: Gangubai Kathiawadi

- Best Dialogue: Gangubai Kathiawadi

- Best Choreography for title track: Bhool Bhulaiyaa 2

- Best Sound Design: Bhool Bhulaiyaa 2

- Best Editing: Drishyam 2

- Best Special Effects (Visual): Brahmastra: Part One - Shiva

- Best Background Score: Vikram Vedha

- Best Sound Mixing: Monica O My Darling

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Key recommendations

Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier.
Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals.
Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of ‘ancillary orders’.
More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison.

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