
US expanding military ties with India, says US defence secretary Pete Hegseth, backs deeper QUAD role
US Defence Secretary Pete Hegseth (AP)
US defence secretary Pete Hegseth on Saturday said the United States is expanding its security partnership with India, calling for deeper cooperation within the QUAD alliance to counter growing threats in the Indo-Pacific.
'We're also expanding our security partnership with India through robust military exercises like Tiger Triumph,' Hegseth said. 'And we're also amplifying cooperation within the Quad and other multilateral frameworks.'
Also read:
US warns China is 'preparing' to use military force in Asia
Hegseth made clear that the US sees logistical integration among QUAD partners as a key step forward.
'Within the Quad, we're also leading an initiative called the Indo Pacific Logistics Network, enabling QUAD partners to leverage shared logistics capabilities in the Indo Pacific,' he said.
'You know, they say rookies talk strategy, pros talk logistics.'
LIVE: Secretary of Defense Pete Hegseth speaks at the Shangri-La Dialogue 2025 in Singapore.
The Defence Secretary's remarks come amid a broader push by the Trump administration to reinforce its strategic footprint in the Indo-Pacific and to assure allies of America's commitment to countering China's military ambitions, particularly regarding Taiwan.
'These exercises enhance our lethality while improving our readiness to respond at a moment's notice,' Hegseth added, referencing joint military drills like Towson Sabre with Australia and Cobra Gold in Thailand.
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He also said that the US-led Partnership for Indo Pacific Industrial Resilience (PIPER), which involves 14 allies and partners collaborating with the private sector to bolster industrial and defence supply chains.
'I'm proud to announce the first PIPER project,' Hegseth said. 'It plans to establish repair capability and capacity for P8 radar systems in Australia… \[and] will also enable Indo Pacific allies and partners operating the aircraft, including New Zealand and the Republic of Korea, to repair aircraft within the region.'
A second PIPER initiative will create standards for small unmanned aerial systems and increase supply chain resilience for their critical components. Hegseth described these steps as essential to deterring adversaries and ensuring that multinational forces have sustained combat support.
'It's one thing for an adversary to see multinational forces operating together in exercises,' he said. 'It's another thing entirely for that same country to see an integrated defence industrial base supporting those forces and standing ready to keep them in the fight.'
Speaking in broader terms, Hegseth framed the Trump administration's foreign policy as pragmatic and focused on mutual self-interest.
'President Trump's approach is grounded in common sense and national interest... We are not here to pressure other countries to embrace or adopt policies or ideologies,' he told the summit. 'We are all sovereign nations.'
He further stressed the importance of like-minded allies taking more responsibility for regional defence.
'Ultimately, a strong, resolute and capable network of allies and partners is our key strategic advantage,' Hegseth said. 'China envies what we have together.'
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India Gazette
an hour ago
- India Gazette
India-Pakistan delegations to face off in Washington DC, Tharoor confident of getting India's message across
Brasilia [Brazil], June 3 (ANI): It's crunch time for India's All-Party Delegation that will now head to the United States in its outreach efforts post Operation Sindoor. Interestingly, the Indian delegation will see a face-off with a Pakistani delegation led by Bilawal Bhutto, which will also be in the US at the same time. India's delegation leader and Congress MP Shashi Tharoor, however, is confident of pushing India's message on terrorism across. Tharoor, while speaking to ANI, said that the US media is a difficult space, but those who are against terrorism and deeply care about South East Asia and are against terrorism will listen to India. 'In Washington, we'll have the interesting phenomenon of the Pakistani delegation in America, and almost exactly the same days... Tomorrow almost they will be in Washington, while we are in Washington on the same date. So there's going to be perhaps an increase in interest because there are two duelling delegations in the same city,' Tharoor told ANI, as the delegation he is leading will be in the US for its last leg of the visit. Tharoor said that though India's case might not be at the top of the agenda for the US media, India can get its message across easily. 'It's a challenging environment. America is a very crowded media space, the world's news generator. Therefore, our story may not be at the top of their minds. But if we can get the attention of those who care about South Asia, those who care about India, those who care about terrorism, we can get our message across very, very easily,' he said. Tharoor said that the delegation has meetings set up with influential government officials and committees which formulate public opinion. He said, 'In Washington we have meetings set up with the entire range of public opinion in Washington, government officials, legislators, there are senators and congressmen, various committees in the House and the Senate, think tanks who are very influential in Washington, particularly those focusing on foreign policy, media and some public addresses, like, for example, the National Press Club... I've been asked to give six or seven interviews, seven or eight interviews to individual American channels and broadcasters, podcasters, and so on,' he said. Tharoor said that the US is important to India in terms of defence, intelligence sharing, QUAD, etc. 'The US is important to us at all levels because frankly the Security Council in a sense is a small part of our relationship with the US which is huge, whether it comes to trade, whether it comes to defence, whether it comes intelligence sharing, whether it comes to our participation in the QUAD in the G-20, there are just so many avenues in which we cooperate with the US,' he said. Tharoor added that it's no coincidence that Pakistan sent its own delegation, but they are not covering as many countries as India is. They are covering countries that they deem important. 'It's no accident that the Pakistanis have also sent a delegation abroad, but they're not going to as many countries as the Indian delegations are. They're focusing on what they consider a few key capitals, namely, Washington, Brussels. London. That seems to be the thrust of the Pakistani effort. We have gone to all those capitals and more,' he said. Tharoor said that he has enormous respect for the US, but denied claims that the US had mediated in reaching the cessation of hostilities. He added that India never wanted war. 'We have enormous respect for the American presidency, and we will speak with that respect in mind. But broadly speaking, our understanding is a bit different... No one needed to persuade us to stop. We had already said to stop. If there was any persuasion by the American president or his senior officials, it would have been persuasion of the Pakistanis. They would have had to be persuaded. We don't need to be persuaded because we don't want war. We want to focus on development. That's the basic message,' he said. 'We had consistently said from the very beginning on May 7th that we are not interested in prolonging the conflict. This is not the opening salvo in some sort of war. All it is is retribution against the terrorists, period. If Pakistan had not reacted, we would not have reacted,' he added. Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on May 17 stated that Pakistan's Prime Minister Shehbaz Sharif had tasked him to lead a delegation to present Pakistan's case on the recent escalations of tensions between the two nations. The delegation is led by Shashi Tharoor, Member of Parliament (Lok Sabha) and Chairperson of the Parliamentary Standing Committee on External Affairs. The nine-member delegation includes Members of Parliament from across the political spectrum, reflecting the vibrant and inclusive democratic character of India. The delegation comprises Sarfaraz Ahmad, Ganti Harish Madhur, Shashank Mani Tripathi, Bhubaneswar Kalita, Tejasvi Surya, and Ambassador Taranjit Singh Sandhu. (ANI)


Time of India
an hour ago
- Time of India
Top 10 mutual funds to invest in June 2025
Many new and relatively-inexperienced investors always look for top mutual funds to invest in . They ask their friends or colleagues or in some mutual fund forums for top or best schemes while starting their investment journey or while deciding to invest extra money. But most of them are not satisfied with the answers they get from the internet or friends due to different reasons. An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season. Also Read | Volatile Markets and SIPs: What should mutual fund investors do? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo Friends or colleagues may give you names of schemes they like or they are investing. Again, there is no guarantee the schemes are indeed suitable for you. Some people never proceed beyond collecting names of top funds because a lingering doubt about the veracity of the names always holds them back. No wonder, many investors keep visiting mutual fund forums for validation for years - even after they start investing. Live Events That is why ETMutualFunds decided to put out a list of top 10 mutual fund schemes. We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes – which we believe should be enough for regular mutual fund investors. There are caveats: read till the end to ensure you are picking up the best scheme for you. Also Read | Smallcap mutual funds offer 8% average return in May, all equity mutual fund categories end with gains List of top 10 schemes: Canara Robeco Bluechip Equity Fund Mirae Asset Large Cap Fund Parag Parikh Flexi Cap Fund HDFC Flexi Cap Fund Axis Midcap Fund Kotak Emerging Equity Fund Axis Small Cap Fund SBI Small Cap Fund SBI Equity Hybrid Fund Mirae Asset Hybrid Equity Fund Here are some pointers you should keep in mind while investing in these schemes. First, find out about each category and whether it is suited to your investment objective and risk profile. Aggressive hybrid funds Aggressive hybrid schemes (or erstwhile balanced schemes or equity-oriented hybrid schemes) are ideal for newcomers to equity mutual funds. These schemes invest in a mix of equity (65-80%) and debt (20-35). Because of this hybrid portfolio they are considered relatively less volatile than pure equity schemes. Aggressive hybrid schemes are the best investment vehicle for very conservative equity investors looking to create long-term wealth without much volatility. Large cap funds Some equity investors want to play safe even while investing in stocks. Large cap schemes are meant for such individuals. These schemes invest in top 100 stocks and they are relatively safer than other pure equity mutual fund schemes. They are also relatively less volatile than mid cap and small cap schemes. In short, you should invest in large cap schemes if you are looking for modest returns with relative stability. Flexi cap funds A regular equity investor (one with a moderate risk appetite) looking to invest in the stock market need not look beyond flexi cap mutual funds (or diversified equity schemes). These schemes invest across market capitalisations and sectors, based on the view of the fund manager. A regular investor can benefit from the uptrend in any of the sectors, categories of stocks by investing in these schemes. Small cap, mid cap funds What about aggressive investors looking to pocket extra returns by taking extra risk? Well, they can bet on mid cap and small cap schemes. Mid cap schemes invest mostly in medium-sized companies and small cap funds invest in smaller companies in terms of market capitalisation. These schemes can be volatile, but they also have the potential to offer superior returns over a long period. You can invest in these mutual fund categories if you have a long-term investment horizon and an appetite for higher risk. Finally, any search starting with the word 'best' or 'top' is unlikely to offer you the best solution. You should always choose a scheme that matches your investment objective, horizon, and risk profile. If you do not understand the basic mutual fund concepts or are totally new to mutual funds and investing, you should always seek the help of a mutual fund advisor. If you are looking for our recommendations in various mutual fund category, see: Best mutual funds to invest Methodology for hybrid funds: 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i) When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast. ii) When H <0.5, the series is said to be mean reverting. iii) When H>0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X = Returns below zero Y = Sum of all squares of X Z = Y/number of days taken for computing the ratio Downside risk = Square root of Z 4. Outperformance i) Equity portion: It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market. Average returns generated by the MF Scheme = [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate} ii) Debt portion: Fund Return – Benchmark return. Rolling returns rolled daily is used for computing the return of the fund and the benchmark and subsequently the Active return of the fund. 5. Asset size: For Hybrid funds, the threshold asset size is Rs 50 crore Methodology for equity funds: ETMutualFunds has employed the following parameters for shortlisting the equity mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i) When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast. ii) When H is less than 0.5, the series is said to be mean reverting. iii) When H is greater than 0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X =Returns below zero Y = Sum of all squares of X Z = Y/number of days taken for computing the ratio Downside risk = Square root of Z 4. Outperformance: It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market. Average returns generated by the MF Scheme = [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate} 5. Asset size: For Equity funds, the threshold asset size is Rs 50 crore.


Time of India
an hour ago
- Time of India
Gold price prediction today: Where are gold rates headed on June 3, 2025 and in the near-term?
Considering the ongoing US-China tension and weakness in the US Dollar Index, it is advisable to buy the dips with stoploss below $3,325/$3300. (AI image) Gold price prediction today: Gold rates have shown considerable volatility recently, without establishing a definitive trend in either direction. International developments, particularly the trade tariff decisions by Donald Trump and ongoing geopolitical tensions, continue to influence daily gold prices. Given these unpredictable circumstances, investors face uncertainty about their investment strategies. What's the outlook on gold prices in the near term? Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares his views: Gold Performance: Following a weekly loss of 2.02% in the week ending May 30, spot gold prices are sharply higher this week due to renewed safe haven demand as US-China and other geopolitical concerns come to the fore. On Monday, China accused the US of violating the US-China trade truce as the US imposed further chip technology curbs. Last week, the US said that it will revoke visas for Chinese students who relate to the Chinese Communist Party or are studying in critical fields. The US Administration also barred the export of critical US jet engine parts and technology to China. It plans to broaden restrictions on China's tech sector with new regulations to capture subsidiaries of companies under US curbs as well. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Morocco (Prices May Surprise You) Container House | Search Ads Search Now Undo China's slow approval for rare earth exports is being cited as the cause behind US's actions against China. Gold Data roundup: US data released Monday were slightly weaker than expected. ISM manufacturing came in at 48.50 Vs the forecast of 49.50 as the manufacturing sector contracted for the third straight month on tariff uncertainties. ISM's Import component slumped to a 16-year low, while the export gauge fell to the lowest level in five years. Contraction spending in April contracted by 0.4% as against the forecast of a 0.2% expansion. The Eurozone's manufacturing PMI (May) at 49.40 matched the estimate in its final reading, while the UK's manufacturing PMI at 46.40 beat the estimate of 45.10. Gold ETF: Total known global gold ETF holdings stood at 88.508Moz as of May 30. Holdings recorded first weekly inflow after five straight weeks of outflows as holdings are up 6.82% YTD. Upcoming data and events: The European Central Bank will deliver its monetary policy on June 5 wherein the Central Bank is expected to cut the key rates by 25 bps-- its eighth rate cut since the Bank embarked on its rate cutting spree in June 2024. Major US data to be released ahead in this week include JOLTs job openings (April), ADP employment change (May), ISM Services (May), trade balance (April) and nonfarm payroll (May). Investors will also monitor China's manufacturing and services PMIs (May) and Europe's services PMIs (May). Geopolitical watch: The Security Service of Ukraine (SBU) carried out a massive drone attack deep inside Russia on June 1, which reportedly hit 41 Russian aircrafts. Both the countries concluded their latest peace talks in Istanbul on June 2; however, peace prospects remain dim. US Dollar Index and yields: At the time of writing, the US Dollar Index was at 98.71, down nearly 0.60% on the day, lowest since April 2022 barring April 2024 --reciprocal tariff sell-off period. Big investments cutting their Dollar Index forecasts is also weighing on the Greenback. Ten-year US yields and 30-year US yields respectively at 4.44% and 4.9781% were up by 0.90% on the day. Gold price Outlook: A close above $3,372 will be quite positive for the metal. Considering the ongoing US-China tension and weakness in the US Dollar Index, it is advisable to buy the dips with stop loss below $3,325/$3300. Worsening geopolitical situation and further weakness in the US Dollar Index may help the yellow metal test the psychological resistance at $3400, followed by possible tests of next resistance levels at $3414/$3435. Traders need to monitor the evolving China-US trade situation to minimize their risks. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now