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Harvard-trained nutritionist shares a simple trick to cut the glycemic index of carbs by 50 percent  Times of India

In times of market turbulence, it’s not always the smartest investor who wins—but the most emotionally disciplined one.Amid heightened geopolitical tensions, global policy shifts, and uncertain domestic triggers, Amar Ambani, Executive Director at YES SECURITIES, reflects on Warren Buffett’s timeless investing wisdom: “Check your emotions at the door.”In a candid conversation on the latest segment of ETMarkets Smart Talk, Ambani shares why Warren Buffett’s words are more relevant than ever in today's volatile markets, and how investors can navigate uncertainty with patience, prudence, and a contrarian mindset. Edited Excerpts – Thanks for taking the time out. The month of May started off on a volatile note with the tariff war & now India-Pakistan tensions. What is your take on markets?A) Just as the 90-day pause on Trump’s tariff plans brought some relief, fresh tensions with Pakistan have reintroduced uncertainty. History suggests such geopolitical flashpoints rarely cause lasting damage to Indian equities - be it Kargil, the Parliament attack, 26/11, or Pulwama.The post-Uri correction coincided with demonetization, which had a far deeper economic impact. With the market already down ~15% from its peak, some downside is priced in. That said, I expect continued volatility and a rangebound trend over the next 5–6 months.Relations with Pakistan could worsen, and any escalation may trigger knee-jerk reactions. Compounding this is the absence of strong domestic triggers - earnings remain muted and consumption recovery is still weak.For long-term investors, this phase could offer attractive entry points. But broadly, 2025 looks more like a consolidation year than a breakout one.Q) Why this sudden selloff in the pharma space? There is some chatter after US President Donald Trump signed an executive order to ramp up domestic drug manufacturing.A) The recent selloff in the pharma space is driven by renewed concerns around US policy. President Trump’s executive order to boost domestic drug manufacturing has added to the overhang, especially following earlier comments on imposing 100% tariffs on imported drugs.While companies like Sun Pharma and Lupin have US plants, majority of Indian pharma’s revenues still come from exports. The executive order also asks the US FDA to fast-track approvals for domestic facilities, potentially giving US-based competitors an edge.Though a trade deal between the US and India is likely, uncertainty around tariffs and regulatory timelines continues to weigh on sentiment.On the fundamentals side, Indian pharma’s US revenues have been growing in low single digits since 2022. The acute segment in the domestic market has also been weak for the past two years. Additionally, the recent appreciation of the INR is eroding the currency benefit that had supported earnings.Q) May has been relatively good for bulls as Nifty closed with gains in 7 out of the last 10 years. With FIIs on a selling spree – will we see ‘sell in May & go away’?A) FIIs were heavy sellers in prior months, leading to some under-ownership in Indian equities. And there’s been a notable shift recently, with FIIs turning net buyers over the past couple of weeks.However, a broader return will depend on how the geopolitical situation with Pakistan evolves, global trade clarity and relative valuations.That said, the macro environment is turning supportive: the INR has stabilised and appreciated, the US dollar is softening, and US bond yields are easing.Despite near-term volatility, the structural case for Indian equities remains intact. I believe the best phase of FII flows into India still lies ahead.Q) What is happening with Crude oil? We are seeing some wild swings in commodities. Lower crude oil will help the economy. How do you see the scenario for India?A) The current crude oil price range of $60-70 per barrel is in line with our house view and appears sustainable. It helps avoid inflationary surprises, however, any incremental benefit may be limited, as the government has already adjusted fuel taxes, keeping retail prices elevated in spite the fall in crude.India’s oil import bill stood at around $175 billion in FY24 and is expected to remain at similar levels in FY25 and FY26. So, the incremental economic impact from benign oil is likely to be capped from here.That said, softer crude prices still bring meaningful indirect advantages. They help stabilise the rupee, improve sentiment, and enhance the relative attractiveness of Indian equities for foreign investors.Q) What is your take on earnings and how the next few quarters are likely to pan out?A) Revenue growth has been fairly steady at around 7% year-on-year over the past few quarters-excluding Q2, which came in at 4.2%-and we expect Q4 FY25 to follow a similar trend.The real story this quarter, however, could be on the margin front, where we’re likely to see a positive surprise of around 20 basis points, translating into a profit beat vs estimates.Looking ahead, with inflation under control, signs of a rural consumption revival, and the base effect kicking in from Q2 FY26, we expect corporate earnings to accelerate. FY26 earnings growth is likely to come in around 12-13%, driven by improved operating leverage and stability in input costs.Q) It looks like we have entered a sideways market, and money-making might not be that easy. Patience and right stock selection might be the key. Staying on cash just like Buffett is the right strategy?A) The fact that Warren Buffett raised Berkshire’s cash pile to over $342 billion, an all-time high both in absolute terms and as a percentage of the company’s size, speaks volumes. He’s been early, cautious, and right yet again - it’s like scoring a century in your farewell test match.That said, for most investors, if you had already raised cash earlier, this is the time to start deploying selectively. For those who didn’t, I wouldn’t recommend panic selling at this stage unless you're sitting on significantly overvalued positions. Plenty of quality stocks are now available at reasonable valuations and present good entry opportunities.However, pockets of froth still exist even after the correction, and those should be trimmed. This is truly a stock-picker’s market now, not one where you can rely on the tide to lift all boats.Q) What is your take on the recent Warren Buffett AGM? Any learnings that you have gathered from the speech/note?A) It’s always insightful to hear from the master. Sometimes, it's not about learning something entirely new, but about having timeless principles reinforced in a way that makes you pause and reflect.Buffett’s words this time really hit home, especially when he said, “People have emotions, but you’ve got to check them at the door when you invest.” That’s a powerful reminder in today’s volatile market.Another standout line for me was, “We will make our best deals when people are the most pessimistic.” It underscores the value of contrarian thinking and emotional discipline, principles that are easy to understand, but hard to practice consistently.Buffett’s ability to remain calm, rational, and opportunistic in the face of market noise is what continues to set him apart.Q) Equity is good but there is some chatter on the Street that bonds might do well in the short term. What are your views? What should be the ideal asset allocation?A) Personally, I’m 100% into equities - that’s just my preference (smiles). But asset allocation is critical for most investors and should always be tailored to individual factors like age, risk appetite and risk capacity, liquidity needs, and financial goals. There’s no one-size-fits-all formula.With inflation likely to undershoot the RBI’s 4% target, real rates are reasonably high. At a 6% repo rate, the real rate is over 2%, which opens the door for rate cuts. We could see up to three cuts, bringing the repo rate down to around 5.25%.In that scenario, bond yields will ease further and the 10-year could drift to below 6%. However, the short end may see more yield compression, especially after the distortions of the past couple of years. That could lead to a steepening of the yield curve.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

1. World Health News: Deadliest Measles Outbreak in 30 Years Sweeps Through Canada and USA — Over 1000 Cases Confirmed  TheHealthSite
2. "Spreading Like Wildfire": Over 1,000 Measles Cases Reported In US  NDTV
3. US measles cases surpass 1,000 for first time in 5 years  ET HealthWorld
4. Texas’ measles outbreak is nation’s largest since 2000  The Texas Tribune
5. Measles Could Become Endemic in US if Surge Continues, Expert Warns  ScienceAlert

1. Proud of you: Support pours in for Vikram Misri after trolls target his family  India Today
2. ‘Shameful’: Support pours in for foreign secretary Vikram Misri as trolls target his family  Times of India
3. Who Is Vikram Misri – The Diplomat At The Centre of India-Pakistan Ceasefire Talks?  Zee News
4. "Preposterous": Shashi Tharoor To NDTV After Foreign Secretary Trolled  NDTV
5. Why Foreign Secretary Vikram Misri, his daughter are being trolled  Firstpost

राज्य ब्यूरो, पटना। मुख्यमंत्री नीतीश कुमार सोमवार को संकल्प भवन में ग्रामीण सड़क सुदृढ़ीकरण एवं प्रबंधन का कार्यारंभ करेंगे। इसके तहत 6,938 पथों (लंबाई: 12,105 किमी, कुल लागत : 8,716 करोड़) का सुदृढ़ीकरण एवं प्रबंधन किया जाएगा।

6,938 ग्रामीण पथों का सुदृढ़ीकरण

मुख्यमंत्री ग्रामीण सड़क उन्नयन योजना के तहत ग्रामीण सड़क सुदृढ़ीकरण एवं प्रबंधन कार्यक्रम को एक नए अवयव के रूप में प्रारंभ किया गया है, जिसका उद्देश्य ग्रामीण सड़कों के नियमित एवं व्यवस्थित पुनर्निर्माण/उन्नयन/नवीनीकरण को सुनिश्चित करना है। इसके तहत 6,938 ग्रामीण पथों का सुदृढ़ीकरण किया जाएगा।

8,716 करोड़ की कुल लागत

इस महत्वाकांक्षी कार्यक्रम के तहत उन सभी ग्रामीण पथों को आगामी सात वर्षों तक मानक अनुरूप सेवा स्तर पर बनाए रखने की व्यवस्था की गई है, जो अपनी पंचवर्षीय अनुरक्षण/त्रुटि निवारण अवधि पूर्ण कर चुके हैं।

इस अवधि के भीतर इन पथों के पर दो बार कालीकरण (री-सर्फेसिंग) कार्य कराया जाएगा। इस प्रोजेक्ट में 8,716 करोड़ की कुल लागत आएगी।

गांव और शहरों के बीच घटेगी दूरी

योजना के क्रियान्वयन के दौरान यदि सड़क में कोई तकनीकी त्रुटि पाई जाती है तो उसका समाधान तय समय-सीमा के भीतर अनिवार्य रूप से किया जाएगा। इससे न केवल गांवों और शहरों के बीच की दूरी घटेगी, बल्कि राज्य की सामाजिक संरचना को नया आयाम मिलेगा। इससे प्रदेश की आर्थिक गतिविधियों को भी नई गति मिलेगी।

यह कार्यक्रम मुख्यमंत्री नीतीश कुमार के उस महत्त्वाकांक्षी विजन को साकार करेगा, जिसके तहत राज्य के किसी भी सुदूरवर्ती क्षेत्र से भविष्य में मात्र चार घंटे में राजधानी पटना तक की सुगम और निर्बाध यात्रा संभव हो सकेगी।

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1. ‘Goli Ka Jawab Gola’: How PM Modi Spoke Through His Actions Against Pakistan- News18  News18
2. What PM Modi told US vice president JD Vance during May 9 phone call  Hindustan Times
3. Modi told Vance India would hit hard, Pak called US after its bases damaged  The Indian Express
4. India sends strong signal: ‘Pakistan must pay for its terror links’, say officials  The Economic Times
5. Indus Waters Treaty to be kept in abeyance as Pakistan resorted to cross-border terror: source  The Hindu

1. Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 12 after India-Pakistan ceasefire  Mint
2. Stock market today: Nifty50 climbs above 24,600; BSE Sensex rallies over 1,900 points to cross 81,300  Times of India
3. Markets Rally As India-Pakistan Ceasefire, US-China Trade Deal Optimism Lift Investor Sentiment  Swarajyamag
4. Bulls roar again on the back of border peace, earnings beat, and FII frenzy  Moneycontrol
5. Sensex surges 2,000 points, Nifty tops 24,600 after India-Pak ceasefire calms D-Street  The Economic Times

1. Budh Purnima 2025: From schools, banks to stock market — What's open or closed on Monday, May 12?  Mint
2. Bank holidays this week: Will banks remain closed on Buddha Purnima today? Check full schedule here  Mint
3. Bank holiday: Are banks open or closed today for Buddha Purnima?  Hindustan Times
4. Stock market holidays 2025: Are NSE and BSE closed for Buddha Purnima on Monday?  Times of India
5. Public holiday announced on 12th, schools, colleges, banks, government offices will remain closed  informalnewz

1. Samsung Electronics promotes AI technology for TVs in landmark outdoor ads  Korea JoongAng Daily
2. Samsung launches 2025 models of Neo QLED 8K, Neo QLED 4K, OLED, QLED TVs and The Frame in India  The Hindu
3. New Smart TV Range With Vision AI From Samsung For 2025  Rediff
4. Samsung Unveils Vision AI-Powered TVs for Intelligent Home Entertainment  The Fast Mode
5. Samsung Launches the 2025 TV Line-up and Exciting New Partnership With BAFTA  Samsung Newsroom

1. 13 dead, 11 injured in trailer-truck collision in Raipur  Deccan Herald
2. 13, including women & children, die in Chhattisgarh road crash  Times of India
3. 13 dead, several injured as truck collides with trailer in Chhattisgarh  Hindustan Times
4. Former Chhattisgarh CM Bhupesh Baghel raises concern over increasing road accidents, urges state govt to t  The Economic Times
5. 13 killed,12 injured after truck collides with trailer in Chhattisgarhs Raipur  Greater Kashmir

1. US-China trade deal: What transpired in two-day talks? Here's what to expect next  Mint
2. US, China Reach Deal To Cut Trade Deficit  NDTV
3. US and China set to announce progress made during marathon trade talks  CNN
4. Washington Beijing tariff war updates: China confirms trade truce with US, calls for dialogue to expand cooperation  India Today
5. US Stock Market Live: Dow futures up 450 points; Asian Pharma stocks tumble  CNBC TV18

1. Rohit Sharma hits back at criticism: 'Defending myself is waste of time'  Times of India
2. Rohit Sharma opens up on weakness against left-armers: Defending myself not my job  India Today
3. Rohit Sharma: Indian cricket star who made batting look like art  BBC
4. Rohit Sharma breaks silence after Test retirement: 'There were a lot of things said about me...'  Firstpost
5. 'Just disappointing': Rohit Sharma slams commentators, says 'the goal is just pick a player and talk...  Moneycontrol

1. Top Pak police, army officials attended funeral of terrorists killed in Operation Sindoor. Who are they?  Hindustan Times
2. Pics: Top Terrorists Killed In Op Sindoor, Pak Officials Who Attended Funeral  NDTV
3. India names top Pak officials who attended funerals of terrorists killed in Operation Sindoor  Times of India
4. Top Pakistani military, police officials attended funerals of terrorists killed in Indian strike: Intel sources  The New Indian Express
5. India releases names of Pak Army personnel, cops who attended terrorists' funeral  India Today

1. Harshvardhan Rane hits back at Mawra Hocane for her 'PR strategy' remark: So much hate in her speech  Hindustan Times
2. Harshvardhan Rane Hits Back At Sanam Teri Kasam Co-Star Mawra Hocane For Calling His Exit From Sequel "PR Stunt"  NDTV
3. Harshvardhan Rane hits back at Mawra Hocane: So much hate in her speech  India Today
4. 'Sanam Teri Kasam' director duo Radhika Rao and Vinay Sapru support BAN on Pakistani actors in Indian fil  Times of India
5. Harshvardhan Rane gives a befitting reply to his Sanam Teri Kasam co-star Mawra Hocane on her ‘PR strategy’ comment: ‘So much hate in her speech’  The Indian Express