뉴스

PM Modi Mourns Loss Of Lives In Philippines Earthquake, Extends India's Support

PM Modi offers condolences after a powerful 7.8 earthquake in Mindanao, Philippines, says India stands in solidarity with the affected nation.

Google AI CEO Demis Hassabis on AGI: Humans only have a few years left to prepare

Google DeepMind CEO Demis Hassabis warns humanity is on the cusp of Artificial General Intelligence, potentially within four years, urging immediate preparation. He views current AI agents as a societal stress test and highlights the risks of recursive self-improvement. Hassabis also criticized tech companies for laying off engineers, advocating for increased productivity instead.

Jack Daniel's maker eyes India-US trade pact

New Delhi: Jack Daniel’s whiskey maker Brown-Forman’s India managing director Gaurav Sabharwal said the US spirits company is “keenly watching” developments on the India-United States trade deal. “The positive signs have been there. We are very keenly watching that space because most of our business comes from American whiskey.” The first phase of the bilateral trade agreement between the two countries may be finalised by mid-July, according to government officials. While the US and India discussed a possible trade deal earlier this year, discussions slowed down amid talks on sweeping tariffs.Brown-Forman, which operates as a 100% subsidiary in India, imports its full portfolio and doesn’t manufacture locally as of now. “From an overall impact, with inflation going up, petrol prices, transportation - that is going to put some pressure. The other is that as the consumers start looking at fighting inflation, discretionary spend is obviously the first thing that takes a knock. So we are keeping a close watch.”Sabharwal said the West Asia war has “so far, not impacted its business in India, adding though that the spirits maker is keeping a close watch on any ripple effect that inflation and supply disruptions may have.”The Kentucky-based spirits maker recently rejected two potential deals - a nearly $15 billion takeover offer from the US bourbon whisky maker Sazerac and merger talks with French spirits company Pernod Ricard. Last week, the spirits maker reported better-than-expected sales for the March ’26 quarter aided by steady demand for premium spirits, but cautioned about impact on consumer spending behaviour for the year. "We anticipate the operating environment for ‌fiscal 2027 to remain challenging, as macroeconomic pressures and geopolitical instability continue to negatively impact consumer behaviour and beverage alcohol consumption, particularly within developed markets," the company said in its earnings statement.Sabharwal said ready-to-drink concepts like Jack & Coke “are a growing space in India, but small.” India had introduced Jack & Coke about three years back in select markets such as Goa, Haryana and Bengaluru. “It's something which works pretty well with the legal drinking age - 25-30 years old. RTD is a growing space, but a smaller space as far as the Indian spirits and beer consumption goes. So we are still figuring out the rollout plan because one of the critical things is to get the pricing right and obviously one has to make the margins as well. The demand is there, but we just need to manage the system a little better.” Brown‑Forman Corporation reported fourth quarter net sales increase by 2% to $912 million compared to the same year-ago period. Operating income decreased 53% to $96 million.For the India unit, while the mainstay remains Jack Daniel’s, Sabharwal said the company is gradually building its portfolio to include Woodford Reserve and Herradura.“One of the biggest mindset shifts is that the propensity to spend has gone up pretty much over the last 10 years. It's about people getting into the legal drinking age and numbers estimate that over the next five years we are going to be adding 20 million people into the legal drinking age every year. The legal drinking age will move anywhere between 18 to 25. Then there is change in social conditioning. Penetration numbers are also increasing. So you have a huge cohort coming in,” he said.

Akshay Kumar on why he does not take credit when he gives back to community

Akshay Kumar revealed on 'Aap Ki Adaalat' why he prefers not to publicize his extensive charitable contributions, amounting to over ₹76 crore for various causes. He believes it's a privilege to serve and would feel foolish boasting about it. Kumar also addressed being called 'money-minded,' highlighting his hard work and status as a top taxpayer.

‘I don’t have to change’: Shreyas embraces India captaincy challenge in his own way

Shreyas Iyer embraces his new role as India's T20I captain, vowing to remain true to his personality and competitive Mumbai upbringing. He believes his inherent winning mindset will guide him, seeing the captaincy as a significant challenge. This appointment marks a strong comeback for Iyer, who now leads the team after a period out of T20I plans.

'Rajasthan ka Jadeja': Making of Manav Suthar, India's newest left-arm spin hope

Manav Suthar's Test debut against Afghanistan was the culmination of a six-to-seven-year focus on red-ball cricket. Moments before receiving India cap No. 319, the left-arm spinner called coach Dheeraj Sharma, who reminded him to trust his skills. Suthar responded with 28 runs and figures of 3/21 on debut. His coach reveals how Rahul Dravid's guidance, Shubman Gill's backing and a deliberate decision to prioritise Test cricket helped shape the spinner many in Rajasthan now call "Rajasthan ka Jadeja".

7.8 earthquake hits southern Philippines

MANILA: Tsunami warnings were ​issued after an earthquake of magnitude 7.8 struck ​off Mindanao in the southern Philippines on Monday, the German Research Centre for Geosciences said.The quake struck at a depth of 10 ‌km (6.2 miles), ⁠GFZ ⁠said. The geophysics agencies of the Philippines and neighbouring Indonesia issued tsunami ​warnings. There were no immediate reports of major damage in either ​country.GFZ had earlier pegged the earthquake at 8.2. The U.S. Tsunami Warning System issued a tsunami threat to ​the earthquake.Phivolcs, the Philippine agency, said the ⁠quake was magnitude ‌7.0 and warned of damage ​and tsunami ​waves above one metre (yard), which could continue for ⁠several hours.Also read | Trump says he would not unfreeze Iran's assets ahead before deal is doneIndonesia's BMKG put the quake at ​a 7.7 magnitude.Benjie Ancheta, police chief of ​Alabel town in Sarangani in the Philippines, said the police building had some cracks immediately after the quake, which occurred during their flag-raising ceremony.Ancheta said there were no immediate reports of casualties, but some people fainted ‌following the strong tremor."This is the strongest earthquake we've experienced," Ancheta told Reuters by phone.Also read | Obama casts a long shadow as a hefty Iran bill lands on Trump’s deskWitnesses ​in Indonesia's ​northern city ⁠of Manado said the quake felt very strong.The Philippines and Indonesia are tectonically complex parts of the "Pacific Ring of Fire", ​a seismically active belt stretching from South America to the Russian Far East.

Major 7.8 magnitude earthquake hits Mindanao coast in Philippines; tsunami alert issued

There is no petrol in the country, claims Shivraj Tangadagi

He reminds BJP leaders of their protests carrying LPG cylinders when cooking gas prices were marginally increased during the UPA tenure

'Echoing Rahul Gandhi': BJP fumes at Revanth Reddy's Hitler inspiration claim

Telangana Chief Minister Revanth Reddy has drawn severe criticism from the BJP for claiming Adolf Hitler inspired the name of his task force, HYDRAA. Reddy stated 'Hydra' was Hitler's favorite word and his core team was an assassination squad. The BJP accused the Congress of echoing Rahul Gandhi's language and displaying a 'dangerous Hitler mindset'.

Infosys, Adani Enterprises, Trent among 44 stocks going ex-date this week. Do you own any?

As many as 44 stocks including Infosys, Adani Enterprises, Adani Ports, Canara Bank, PNB and several others will turn ex-date for various corporate actions, including dividends, bonus issues, stock splits and rights issues this upcoming week between June 8 and June 12. Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.Here is a day-wise list of corporate actions to watch out for this week: June 8 (Monday)The week kicks off with three companies undergoing corporate adjustments: Unified Data-Tech Solutions shares will turn ex-date for an interim dividend of Rs 5.5 per share. Ravindra Energy and Consecutive Commodities meanwhile will trade ex-date for rights issue of equity shares.June 9 (Tuesday)Inox India shares will trade ex-date for a final dividend of Rs 2 per share. Tata Group company Nelco meanwhile had also fixed June 9 as the record date for its final dividend of Rs 1 per share.June 10 (Wednesday)Several major companies turn ex-dividend, alongside a bonus issue on June 10. India's IT bellwether Infosys will turn ex-date for its final dividend of Rs 25 per share. Indian Bank and Seshasayee Paper & Board will also trade ex-record date for their respective dividends of Rs 18.25 per share and Rs 2 per share.Tata Group has fixed Wednesday as the record date to determine the eligibility of shareholders for dividend payments by three of its companies. These include Tata Chemicals (Rs 11 per share), Tata Investment Corporation (Rs 3.4 per share) and Tata Elxsi (Rs 75 per share).Gautam Exim shares meanwhile will go ex-bonus for its 3:1 bonus issue (three new bonus shares for every one existing share held).June 11 (Thursday)Specialized chemical player Sunshield Chemicals will be the lone counter turning ex-date on Thursday for a final dividend of Rs 3 per share.June 12 (Friday)Friday will see 31 stocks tuning ex-record date for their respective corporate actions. These includes five Adani Group companies, namely ACC (final dividend of Rs 7.5 per share), Adani Enterprises (final dividend of Rs 1.3 per share), Adani Ports and Special Economic Zone (final dividend of Rs 7.5 per share), Adani Total Gas (final dividend of Rs 0.25 per share) and Ambuja Cements (final dividend of Rs 2 per share).Four Tata Group companies also have June 12 as the record date for their dividends. These include Tata Motors (final dividend of Rs 4 per share), Tata Steel (final dividend of Rs 4 per share), Trent (final dividend of Rs 6 per share) and Voltas (final dividend of Rs 4 per share).Other stocks which will turn ex-record dates for their respective dividends include Canara Bank (Rs 4.2 per share), JM Financial (Rs 1.75 per share.), ICICI Prudential AMC (Rs 12.4 per share), PNB (Rs 3 per share), Piramal Finance (Rs 11 per share), Apcotex Industries (Rs 5.5 per share), Avantel (Rs 0.2 per share), Cemindia Projects (Rs 3 per share), Eimco Elecon (Rs 4 per share), Elecon Engineering Company (Rs 1.5 per share), High Energy Batteries (Rs 3 per share), Lloyds Metals & Energy (Rs 1 per share), MM Forgings (Rs 4 per share), Navin Fluorine (Rs 8.6 per share), Orient Cement (Rs 0.5 per share), Oseaspre Consultants (Rs 87 per share), Panchsheel Organics (Rs 0.8 per share), Petronet LNG (Rs 3 per share), Reliance Industrial Infrastructure (Rs 3.5 per share) and Technojet Consultants (Rs 87 per share).Mobavenue AI Tech shares will trade ex-split as it sub-divides its equity shares from a face value of Rs 10 down to Rs 2 per share. City Union Bank shares meanwhile will trade ex-bonus for a 1:3 bonus issue (one new bonus share for every three shares held)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Revanth Reddy's 'Inspired By Hitler' Remark Draws BJP's Ire: 'Emergency Mindset Out In Open'

Revanth Reddy the word 'Hydra' was the favourite word of Adolf Hitler and that he had formed the core team of HYDRAA that "could assassinate anyone."

Room for less: Next big thing in hospitality?

Can the search for a hotel room lead to a business idea? It did, for Alok Mishra.In 2014, during a trip with his wife, Mishra needed a hotel room for six hours as he did not want to drive late at night. But he was asked to pay for a full day and subjected to a series of intrusive questions despite being married—and was finally refused a room. “That got me thinking that there might be travellers like me who need rooms only for a few hours but have to pay for an entire day. Later, while working in the US, I came across pay-for-use concepts and felt that India needed a more flexible, customer-friendly model,” he says.That experience led to the launch of Bag2Bag in 2019, an online platform for booking hotels, service apartments, homestays and other accommodations, with a focus on hourly stays.The business started gaining momentum around 2021. Bag2Bag’s hourly-stay revenue has risen from roughly Rs 50 lakh in 2021 to Rs 5-6 crore today. The company has served more than 1 lakh customers, lists over 10,000 properties across India and offers hourly stays at 6,000-7,000 of them. The service is available in more than 50 cities, though Bengaluru and Mumbai remain its strongest markets.Also read | The safe keepers: Inside India's booming locker economy“People now understand that this is a practical solution rather than a niche service. One of our biggest achievements has been to help normalise the category. Earlier, hourly stays were often associated with couples seeking privacy,” he says. “We deliberately broadened the use case by allowing family bookings, including travellers with children. We wanted people to see hourly stays for what they really are— a convenient accommodation option.”HOUR OF NEED That convenience is growing as online hotel booking platforms that allow short stays are on the rise. Alongside Bag2Bag, there is Noida-based Brevistay, Bengaluruheadquartered MiStay, Mumbai’s Hourly Rooms and Qwiksta, all specialising in micro stays. Larger travel platforms like MakeMyTrip, Agoda and Goibibo have also introduced hourly booking options.Like Bag2Bag, Brevistay was born out of a travel inconvenience. In 2016, cofounders Prateek Singh, Aditya Naithani, Shubham Agarwal, Avnish Kumar and Nikhil Pathak arrived in Manali at 5 am only to find that hotels would not allow early check-ins without charging for an extra night. The friends went on to cofound the travel tech startup Brevistay, which raised Rs 3 crore in 2023 and today reports revenue of about Rs 18 crore. It has 15 lakh registered users, 4 lakh monthly active users and around 11,000 listed hotels, including brands such as Ginger, Ramada and Blue Motel.LONG JOURNEY Getting there, however, was not easy.Pathak, cofounder and chief technology officer of Brevistay, says, “The challenge in this segment is not customers but hotels. In 2016, many hoteliers would simply bang the phone on us. Some agreed in principle but didn’t want their properties listed publicly and preferred bookings to come through offline calls. It took us nearly two years before we started seeing meaningful traction and recurring bookings,” says Pathak.The same resistance greeted MiStay when it launched in 2016. Starting with a pilot in Delhi, MiStay has since expanded to more than 100 cities. Shwetha Sameernath, general manager, business and growth, MiStay, says, “When we launched, scepticism was high. Most hotels were uncomfortable with the model, concerned about guest quality and operational challenges. Over time, that changed as hotels began seeing it as a revenue opportunity.”MiStay tackled resistance through education and curation. The company worked to show hoteliers that short stays served a broad and legitimate market of business travellers, transit passengers and day-use guests. It also selectively onboarded premium hotel brands, helping build credibility for the category. “When hotels see actual customer segments across varied, legitimate use cases, it builds their confidence that the model won’t compromise their brand,” says Sameernath, adding that the concept is now largely normalised.Also read | Major change in buyer behaviour as e-scooters race deeper into BharatPathak says the customer has evolved as well. Brevistay continues to market actively to couples, but he argues that the category should no longer be viewed through that lens. “There’s nothing illegal happening. In fact, there’s no law that prevents consenting adults from booking a hotel room. The issue was perception, not legality. What eventually changed minds was revenue,” he says. “Once hotels realised they could sell the same room multiple times in a day and generate seven or eight bookings instead of one, the business case became impossible to ignore.”The use cases have expanded too. Back in 2017, couples accounted for nearly 90% of Brevistay’s bookings. Today, that figure is down to 50-60%. Business travellers, transit passengers, tourists looking to freshen up between journeys, students travelling for exams and people attending interviews or meetings have all emerged as important customer segments.Hotels, meanwhile, have had to adapt operationally. Mishra says the biggest challenge is that traditional hotel system was never designed for flexible check-ins and check-outs. Bag2Bag addressed this by developing its own software platform for partner hotels. “Once they realised they could monetise idle inventory and generate additional revenue from rooms that would otherwise remain empty, adoption became much easier,” he says.REVENUE CHECKS IN For Sameernath, the turning point was the entry of premium hotel brands. “Today, acceptance has grown across the ecosystem. Channel managers and property management systems are evolving to support slot-based bookings, and customers increasingly treat hourly booking as the natural way to reserve a room for less than a day,” she says.Also read | Indian tourists go viral for all wrong reasons. Here's how not to become the next horror storyMishra has observed another interesting shift. Reliability and brand trust are becoming increasingly important. “Whether it’s a three-star or a five-star property, even if a branded hotel costs 20-25% more, customers prefer it because they know what they’re getting,” he says. The economics are compelling for hotels too. Sameernath points out that average hotel occupancy in India is under 65%, while daytime occupancy can fall to as low as 30% as guests check out in the morning and new arrivals come in much later. Platforms like MiStay help hotels monetise those idle hours by attracting guests who would never have booked a full-day room. “For hotels near airports or railway stations, the upside is even greater. A room priced at Rs 8,000 for a full night could earn Rs 3,500-4,000 for a daytime slot and another Rs 6,000 for the night—generating `10,000-plus from the same room in a single day,” she says.CHANGING PERCEPTION MiStay today works with brands like IHG, Pride, Ramada, The Park, Radisson and Novotel IHG, while Brevistay is in discussions with Hyatt. Sameernath says that on the demand side, once customers experience flexible booking, they don’t go back. Their repeat rate reflects this, as 48% of MiStay’s monthly business comes from repeat guests “The pay-per-use model in hospitality is the same transformation that happened in transport. You no longer book a cab for a full day; you pay for the distance. Hotels are heading the same way,” she says.Pathak believes the next wave of growth will be driven by younger travellers. “They’re vocal about spending time with their partners and don’t carry the hesitation earlier generations did. In metros, the industry has largely moved beyond the old perceptions, and hourly stays are increasingly viewed as a convenience product rather than something unusual.”The customer, it seems, has reached the destination. The hospitality industry needs to arrive.ChallengesPersistent social stigmaTrust and safety concernsBranded hotels worried about perceptionComplexities in managing multiple check-ins and check-outsLack of awareness among travellersOpportunitiesRise in domestic travel and frequent short tripsGrowth of bleisure (business + leisure) travelYounger consumers demanding flexibilityTech platforms making discovery and booking seamlessHotels looking to monetise vacant rooms

Vedang Raina studied business in college but loved science: Talks heart vs mind

Vedang Raina, fresh off 'The Archies' and 'Jigra', expresses immense excitement for Imtiaz Ali's upcoming film, 'Main Vaapas Aunga'. He reveals a past dilemma, nearly pursuing an MBA before 'The Archies' offered a path aligned with his true passion. Raina feels fortunate to be pursuing his calling after navigating life's choices.

‘Loyal to govt, not Constitution’: Allahabad HC tears into UP police, flags ‘encounter killings, selective crackdowns’

UP has historically been crucible of political hegemony, driven by the feudal mindset: Justice Diwakar in judgement

'False Narrative': India's Sharp Retort To Pak Over "Unwarranted" J&K Remark At UN

P Harish reminded Pakistan that being a Security Council member is a "huge responsibility".

Huddle - Mind Games: Mentalist leaves audience spellbound

After serious and critical dialogues the whole day, this playful session comes as a welcome change.

What Trump's Green Card changes mean for millions of Indians seeking permanent residency in US

A recent USCIS announcement sparked panic by suggesting temporary US residents must return home for Green Card applications, except in extraordinary cases. While the administration later clarified it was a reminder of existing discretion, the episode has created significant uncertainty around the Adjustment of Status process, impacting many immigrants and businesses.

Rajeev Thakkar on when to hold, when to exit, and why most get it wrong

For most investors, the focus is often on finding the right stock, entering at the right valuation, and identifying the next multibagger. Far fewer spend time understanding what may be the more difficult aspect of investing—knowing when to sell.Speaking at the ET Alpha Wealth Summit on Thursday on "The Art of the Exit," Rajiv Thakkar, CIO and Director at PPFAS Asset Management said that successful investing is not just about buying well but also about staying invested long enough for compounding to work. In fact, before discussing reasons to sell, he spent considerable time explaining why investors should avoid selling in the first place.According to Thakkar, one of the biggest mistakes investors make is selling because a stock has not moved for a few months.Also Read | ET Alpha Wealth Summit: Future alpha may emerge from neglected markets and asset classes, says Kalpen Parekh Investors often spend significant effort researching a company, understanding management quality, assessing industry prospects and evaluating valuations. Yet after purchasing the stock, many lose patience if prices remain stagnant for six months or a year.https://youtube.com/shorts/RiLj-X02NNE?feature=share"Investments are meant for wealth creation, not entertainment," he said, cautioning against treating investing like a source of excitement or constant action.Another common trigger for unnecessary selling is reacting to news flow. Markets are constantly bombarded with information—wars, elections, crude oil fluctuations, interest-rate decisions, capital flows and economic data. Investors who react to every headline often end up making poor decisions.To illustrate this, Thakkar recounted the story of an investor who received advance information about the severity of the Covid outbreak in early 2020. Acting on that information, the investor sold his technology stocks before the market crash. While the prediction turned out to be accurate, fear prevented him from re-entering the market, and he ultimately missed one of the strongest rallies in technology stocks.The lesson, according to Thakkar, is that even correct information does not necessarily translate into successful investment outcomes. Thakkar was particularly critical of the concept of "profit booking."Investors often feel compelled to sell simply because a stock has appreciated significantly. However, he argued that wealth is created by allowing successful investments to compound rather than by repeatedly locking in gains.Frequent buying and selling may benefit brokers, exchanges and tax authorities, but it often works against long-term investors. Hyperactivity in portfolios can destroy wealth by interrupting compounding and increasing costs.Similarly, investors should avoid selling because another stock appears more attractive. This "buyer's remorse" mindset frequently causes investors to abandon good businesses prematurely in pursuit of seemingly better opportunities."If you manage to find a genuinely good business with strong management, a large opportunity set and reasonable valuations, the best course of action is often to simply stay invested," he said.Thakkar emphasised that investors in taxable jurisdictions such as India should maintain low portfolio turnover whenever possible. Unlike institutional structures such as mutual funds or investors in tax-free jurisdictions, individual investors face taxes and transaction costs every time they trade. Excessive churn can significantly reduce long-term returns.For wealthy investors, family offices and HNIs, the ability to remain invested and minimise unnecessary transactions often becomes a major source of compounding advantage.Also Read | ET Alpha Wealth Summit: India could unlock a $5 trillion export opportunity through FTAs, says Saurabh Mukherjea While most reasons for selling are flawed, Thakkar identified several situations where exiting an investment becomes necessary. The most obvious reason is the need for capital. If an investor requires money for a business opportunity, acquisition or personal objective, selling investments may be entirely justified. More importantly, investors must be willing to acknowledge mistakes.If an investment thesis turns out to be wrong because of flawed analysis, poor due diligence or changing circumstances, the best course is often to exit quickly rather than averaging down endlessly.According to Thakkar, investors who recognise mistakes early frequently outperform those who identify good opportunities but refuse to sell losing positions. Capital trapped in poor investments cannot be deployed into better opportunities. Fraud, naturally, represents an immediate reason to exit.One of the more challenging selling decisions arises when industries face structural disruption. Questions such as whether newspapers can survive the internet, whether thermal power can coexist with renewable energy or whether traditional automobile manufacturers can adapt to electric vehicles rarely have straightforward answers.Thakkar suggested that investors should not react impulsively but should continuously evaluate incoming evidence. Investment decisions should be driven by facts rather than sentiment. If the underlying business continues to deteriorate because of technological or structural change, investors must eventually acknowledge reality and exit.At the same time, distinguishing genuine disruption from temporary noise remains critical. Exceptional businesses are not immune to becoming overvalued. Thakkar pointed to situations where valuations become so excessive that future growth is already fully reflected in stock prices. In such cases, taking profits, paying taxes and reallocating capital may be sensible.He also noted that investors may sell a reasonably valued investment if a significantly superior opportunity emerges elsewhere.During the question-and-answer session, investors raised concerns about stocks that stop performing despite sound fundamentals. Examples such as Maruti Suzuki, Bharti Airtel and even silver investments highlighted a common dilemma: should investors exit after years of gains and subsequent consolidation?Also Read | MF Tracker: Can ICICI Prudential Multicap Fund sustain its strong track record in a volatile market? Thakkar's response was that even excellent businesses can spend years moving sideways. Companies such as Hindustan Unilever, Infosys and Bharat Electronics have all gone through extended periods of stagnant share-price performance despite remaining fundamentally strong businesses.Investors should therefore distinguish between stock-price performance and business performance. As long as the underlying business continues to execute well, temporary market stagnation alone is not a sufficient reason to sell.For investors worried about selling too early, Thakkar recommended a phased approach. Instead of attempting to identify exact market tops, investors can gradually reduce exposure over time. For instance, if a stock appears significantly overvalued, an investor might sell a portion every month rather than exiting entirely in one transaction.This systematic approach helps manage the emotional difficulty of selling while reducing the risk of poor timing. Another important consideration is position sizing. Addressing a question about highly successful investments such as Nvidia, Thakkar noted that even outstanding businesses can become disproportionately large components of a portfolio.When a single stock grows from a small allocation into a dominant position, investors face a different risk—wealth preservation rather than wealth creation. His solution is gradual trimming. Investors can periodically reduce oversized positions to maintain comfortable portfolio weightings while still participating in future upside.This approach may not maximise returns, but it significantly reduces the risk of catastrophic losses and helps investors sleep better during periods of volatility.Thakkar concluded by stressing the importance of diversification and long-term investing. Most individuals create wealth through a single business, profession or sector. Their financial portfolios should therefore diversify away from that concentration rather than amplify it.Whether through mutual funds, retirement vehicles such as NPS, EPF and PPF, or diversified portfolios, investors should focus on owning inflation-protected assets for long periods. "The lower the churn in a portfolio, the greater the opportunity for compounding," he said.Ultimately, successful investing is not about perfectly timing every entry and exit. It is about avoiding unnecessary activity, admitting mistakes quickly, remaining patient with good businesses and ensuring that no single investment becomes large enough to threaten long-term financial stability.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.

Can assist, never replace human mind: Supreme Court drafts AI rules for judiciary

Can assist, never replace human mind: Supreme Court drafts AI rules for judiciary