China trying to rename Mount Everest? Here's a clue

China pares its holding of US Treasuries

China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner.The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department figures showed Friday.China was the top holder of Treasuries as recently as 2019, when Japan overtook it. The latest data show the UK surpassed China for the first time in more than two decades, according to data compiled by Bloomberg.More broadly, Friday’s release showed that, at least as of March, there was no revolt against American government securities. Foreign demand has been a point of discussion in the bond market since President Donald Trump mounted an

Fund Manager Talk | Attractive risk-reward opportunity in midcap private banks, says Amey Sathe

Midcap private sector banks present an attractive risk-reward opportunity, as current valuations appear compelling, and profitability is expected to see a sharp improvement over the next two years, says Amey Sathe, Fund Manager, Tata Asset Management.He also sees consumer stocks as a dark horse in FY26. Edited excerpts from a chat:Flexicap funds are being pitched as the perfect storm chasers designed to thrive amid volatility. How does the Tata Flexi Cap Fund stay nimble across market caps when the macro climate throws curveballs?The Tata Flexi Cap Fund follows a well-structured investment approach, allocating two-thirds of its assets under management (AUM) through a top-down sectoral view, while one-third is guided by bottom-up stock selection. Through the top-down lens, the fund employs

PSLV-C61 launch countdown begins

The Indian Space Research Organisation (ISRO) has officially begun the 22-hour countdown for its upcoming PSLV-C61 mission, which is scheduled to launch at 5:59 am on May 18, 2025, from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. The countdown began at 7:59 am on May 17, marking the final phase of preparation for what will be the 63rd flight of the Polar Satellite Launch Vehicle (PSLV) and ISRO’s 101st mission overall.What is EOS-09 (RISAT-1B)?The PSLV-C61 rocket will carry EOS-09 (also known as RISAT-1B), a next-generation Earth Observation Satellite weighing around 1,696 kilograms. The satellite is designed to provide high-resolution, all-weather imaging of the Earth’s surface, which is crucial for a wide range of applications including agriculture, forestry, disas

ETMarkets PMS Talk: April’s 9.9% spike - Nikhil Johri on what drove Trivantage Capital’s outperformance

In April 2025, Trivantage Capital’s pure-play small and mid-cap financial services portfolio delivered an impressive 9.9% monthly return, significantly outperforming its benchmarks.What sparked this sharp surge? In this edition of ETMarkets PMS Talk, we sit down with Nikhil Johri, Founder & Chief Investment Officer at Trivantage Capital, to unpack the drivers behind the portfolio’s stellar performance, the strategic rationale for staying focused on SMID financials, and why he believes this rebound is just getting started.Johri attributes the outperformance to a combination of supportive macro tailwinds, including the RBI’s shift to an accommodative monetary stance and resilient asset quality in the secured lending space.But beyond the headlines, his investment philosophy is deepl

Defence ETFs gain 17% in one week. Should you add to your portfolio?

Defence ETFs have gained upto 17% in the last one week after the success of Operation Sindoor and Prime Minister Narendra Modi’s strong endorsement of India's defence manufacturing capabilities.Two ETFs - Groww Nifty India Defence ETF and Motilal Oswal Nifty India Defence ETF - gained 17.16% and 17.17% respectively in the said period. A fund of fund based on defence ETF - Groww Nifty India Defence ETF FOF offered 17.69% in the similar time period.These schemes are benchmarked against Nifty India Defence - TRI, which went up by 17.22% in the similar time period.Also Read | Flexi Cap vs. Multi Asset Allocation Mutual Funds: Which one is best for you?An expert attributes this surge to being driven by rising geopolitical escalations between India and Pakistan. “The rising tensions between

'Irrational' fixed dose combos harmful, may face ban

Regulatory issues hurt DTH biz: Gopal Vittal

Mumbai: Bharti Airtel, which recently called off talks to merge its direct-to-home (DTH) business with Tata Play, said the decline of the DTH business in the country has more to do with regulatory imbalances than with technology.During the company's Q4 earnings call, vice-chairman and MD Gopal Vittal said different distribution systems-like cable TV, DTH, and broadband-are governed by different regulations, despite serving the same set of consumers, with DTH facing stringent rules such as cross-holding restrictions and pricing caps."The DTH industry is going through its moment of reckoning-not just due to legitimate technological disruption, like IPTV and broadband-enabled connected boxes, but also because of how it has been regulated," Vittal said, adding, "Today, three neighbouring homes

USFDA clears first blood test to detect Alzheimer

Mobile joint families are an 'app(t)' solution