Top of the Morning

Welcome to Top Of The Morning, I'm your host Nelson John.

In today's Top of the Morning, we dissect five major developments that illuminate the complexities of Asian economic transformation. We begin with India's latest anti-dumping duties on Vietnamese steel products, exploring how importers are already circumventing the $121.50/tonne levy by importing semi-finished products instead – highlighting the cat-and-mouse game between policymakers and market players.

The arrest of Jaypee Infratech's former MD Manoj Gaur by the Enforcement Directorate brings into sharp focus the governance challenges in India's real estate sector, with ₹14,599 crore allegedly dive...

Good Morning, I'm Nelson John

New episode explores five interconnected stories reshaping global business: from H-1B policy reversals to Pakistan's governance transformation to India's infrastructure revolution. The boundaries between tech and traditional industry are dissolving faster than ever.

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Welcome to Top of the Morning, I’m your host Nelson John

This episode connects five seemingly disparate stories - SoftBank selling Nvidia for OpenAI, Trump cutting India tariffs from 50% to 15%, Adani building massive battery storage, Modi strengthening Bhutan ties, and India's pharma crackdown - to reveal how India is transitioning from rule-taker to rule-maker on the global stage.

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Welcome to Top of the Morning, I’m Nelson John.

From Beijing to Bengaluru: Four stories about what happens when the rules suddenly change. China eases rare earth export restrictions after Trump-Xi meeting Ather Energy overtakes Ola Electric despite being the smaller player Vodafone Idea fights for survival with ₹2 trillion debt Cognizant introduces mouse-tracking surveillance for employees Different industries, different challenges, same lesson: adaptation under pressure is everything.

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Welcome to Top of the Morning.. I’m Nelson John.

This week’s stories may look unrelated a US government shutdown, a pharma firm duped by an email typo, Google Maps getting an AI brain, SEBI’s digital gold warning, and a billion-dollar jet engine deal. But they all point to one thing: how fragile our systems really are.

In the US, a 40-day shutdown is pushing air travel toward collapse. Air traffic controllers aren’t being paid, flights are being slashed, and political gridlock is grounding families ahead of Thanksgiving. Infrastructure, it turns...

Welcome to Top of the Morning by Mint.. I’m Nelson John

Apple is paying Google around $1 billion annually for AI to power Siri's overhaul. Meanwhile, India is pushing for bigger banks, negotiating trade deals with Peru and Chile to diversify from the US market, and dealing with a trademark battle between IndiGo and Mahindra. The common thread? Scale, strategy, and survival in an increasingly competitive world.

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This week's episode explores five major developments shaping business, politics, and society. In New York City, 34-year-old Zohran Mamdani made history as the first Muslim and Indian-origin mayor, defeating Andrew Cuomo with a progressive platform that embraced his multicultural heritage—though his criticism of PM Modi sparked fierce debate in India. Meanwhile, United Spirits announced a review of its Royal Challengers Bangalore investment, potentially valuing Virat Kohli's IPL team at $2 billion and setting a new benchmark for cricket franchises. On the global stage, the US-China trade war saw a temporary thaw as Beijing suspended most retaliatory tariffs following a Tr...

US HIRE Act: India's IT Under Threat

IndiGo's ₹2,600 Crore Forex Loss

Canada's Mass Visa Cancellation Plan

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Warren Buffett's Berkshire Hathaway has sold stocks for 12 consecutive quarters, building a record $382 billion cash pile as the legendary investor prepares to step down as CEO, signaling caution about market conditions. Meanwhile, Big Tech is going the opposite direction—Amazon, Microsoft, Alphabet, and Meta are collectively spending over $380 billion on AI infrastructure, though investor reactions have been mixed due to unclear ROI paths, especially for Meta. India faces a severe trade crisis as US tariffs hit 50%, causing exports to plummet 37.5% between May and September, devastating sectors from textiles to smartphones. On a positive note, ISRO successfully launched India's heaviest co...

Welcome to Top of the Morning by Mint, I’m your host Nelson John — This is your smart, daily briefing on what matters. From big moves in business to headlines shaping India and the world, we cut through the noise so you start your day informed and ahead.

Trump & Xi Strike Deal

India Wins 6-Month Chabahar Exemption

JioBlackRock Enters India

Crypto Legally Recognized as Property in India

OpenAI Eyes $1 Trillion IPO

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Air India’s flying through turbulence — a ₹4,000-crore hit from Pakistan’s airspace closure, route detours, and a crash have made it Tata’s biggest loss-maker despite rising revenue. Meanwhile, Apple’s hitting new highs in India. The iPhone 17 is smashing records, driving Apple past $10 billion in local revenue as Indians buy premium phones like never before. In telecom, Vodafone Idea finally sees hope after the Supreme Court allowed a reassessment of its ₹9,450-crore dues — a potential lifeline for India’s most indebted carrier. SEBI’s also shaking up the mutual fund industry, slashing brokerage costs and boosting transparency to protect retail in...

Welcome to Top of the Morning by Mint, I’m your host Nelson John — This is your smart, daily briefing on what matters. From big moves in business to headlines shaping India and the world, we cut through the noise so you start your day informed and ahead. 

It's Wednesday, October 29th. Let's get started!

crushing global card networks with UPI. SEBI's slashing mutual fund fees by 83%. Your phone's about to show caller names. Blume Ventures is betting big on AI. And shrimp farmers say Trump's tariffs might be the wake-up call...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

California Tragedy Sparks National Debate:

Dashcam footage captured the terrifying moment a semi-truck slammed into stopped traffic on California’s I-10 — killing three, injuring four, and igniting a firestorm over how commercial licenses are issued. The driver, 21-year-old Jashanpreet Singh, an undocumented immigrant allegedly high on drugs, had somehow obtained a California CDL. Federal officials are calling it a “systemic failure,” while Washington froze $40 million in funding over weak language standards for truckers. Singh faces manslaughter...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Modi Skips ASEAN Summit as Trump Heads to Malaysia

Prime Minister Narendra Modi will attend the ASEAN Summit virtually, skipping what’s being billed as the largest gathering of world leaders in ASEAN history. The decision, officially linked to Chhath Puja, comes as US President Donald Trump lands in Kuala Lumpur in person. Over 30 leaders, including China’s Li Qiang and Brazil’s Lula, are attending. With India-US ties strained by Trump’s steep 50% tariffs on Indian goods...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Politics and diplomacy are both running hot today — from Gandhinagar to Washington, and beyond.

In Gujarat, Chief Minister Bhupendra Patel has hit the reset button — all 16 ministers resigned, giving him a clean slate to rebuild his cabinet. BJP insiders call it a strategic reset ahead of the 2027 polls. The new team, to be sworn in at Mahatma Mandir, could nearly double in size. Amit Shah and JP Nadda are flying in, underscoring how high the stakes are for...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

India’s global playbook just got a shake-up.

First, President Trump dropped a bombshell from the Oval Office—Prime Minister Narendra Modi has agreed to stop buying Russian oil. After months of U.S. pressure and hefty 50% tariffs on Indian goods, Modi reportedly told Trump the shift will happen “within a short period.” If India follows through, it could hit Moscow’s war chest hard—India’s been one of Russia’s biggest crude buyers since the Ukraine war bega...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

First up, China’s rare earth chokehold just tightened. Beijing has slapped export bans on companies linked to foreign militaries — a blow to the US, whose fighter jets and missiles rely on these critical minerals. Treasury Secretary Scott Bessent says allies like India and Europe are rallying to build alternative supply chains. Washington’s betting on India’s new Strategic Mineral Recovery plan to extract rare earths and lithium from heavy industries. The race to break China’s monopoly has o...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

1. Trump’s “Peace Talk” Moment Gets Awkward

At the Gaza Peace Summit in Egypt, Donald Trump had a classic off-script moment. While praising PM Modi, he turned around to ask Pakistan’s Shehbaz Sharif if India and Pakistan will “live very nicely together.” Sharif smiled, and the cameras loved it. Trump has been claiming he stopped a war between India and Pakistan last May by threatening massive tariffs. India denies any US mediation, saying peace came through direct t...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Donald Trump just made a dramatic claim aboard Air Force One: “The war in Gaza is over.” The US President is flying to the Middle East, first stopping in Israel to address parliament, then co-hosting a peace summit in Egypt with President Abdel Fattah al-Sisi. His peace deal’s first step — Hamas frees all Israeli hostages from the October 7 attack, while Israel releases 2,000 Palestinian prisoners and allows aid into Gaza. Netanyahu called it a “victory,” though he warned the fight isn’t...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

India Fortifies Its Partnerships

India and Australia signed three major defense agreements in Canberra on Thursday, covering intelligence sharing, submarine rescue cooperation, and joint military staff talks. Defense Minister Rajnath Singh met Australian Deputy PM Richard Marles as part of the inaugural Defense Ministers' Dialogue, marking five years of their comprehensive strategic partnership.

Singh was blunt about Pakistan: "Terror and talks cannot go together." But the real focus is the Indo-Pacific, wher...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

1. Trump’s Gaza Gamble: A Ceasefire on Paper

After over a year of war, Israel and Hamas have agreed to a ceasefire — brokered by Donald Trump. Hostages will be freed, troops pulled back, and prisoners exchanged. Netanyahu called it “a great day for Israel,” while Hamas urged guarantees of compliance. Talks in Egypt, with Qatar and Turkey mediating, sealed the deal. Trump may visit Israel soon, marking his first trip since moving the US embassy t...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

1. Starmer’s India Pitch: Eastward Bound

British PM Keir Starmer touched down in Mumbai with a 125-company strong business entourage, marking his first India visit. After clinching a landmark trade deal in July, he’s here to turn paperwork into partnership. “It’s a launchpad for growth,” he said, ahead of talks with PM Modi. With Trump’s tariffs reshaping global trade, Britain’s clearly betting on India — the world’s fastest-growing major economy — to anchor it...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Trump, Tariffs & Turnarounds

Here’s the twist: Trump and Brazil’s Lula just had a surprisingly warm 30-minute call — and Bolsonaro, the man who caused their diplomatic fallout, wasn’t even mentioned. Earlier this year, Trump hit Brazil with 50% tariffs after its courts refused to drop coup charges against Bolsonaro. But this week, Lula flipped the script — pitching trade relief and reminding Trump that Brazil actually runs a deficit with the US. The call ended wit...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

The week began with tragedy in the hills. Relentless rain turned Darjeeling and Kalimpong into death zones — 18 dead, thousands stranded, homes buried in landslides between 2 and 3 a.m. Roads caved in, bridges collapsed, and tourists trapped as five NDRF teams dug through debris. With NH-10 cut off and two steel bridges washed away, rescue ops stretched thin. Politics followed quickly — BJP hit out at Mamata Banerjee for staying at Kolkata’s Puja carnival; TMC shot back saying she was monito...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Putin’s Nuclear Warning

At the Valdai forum, Putin warned Russia will resume nuclear tests if “any other nuclear power” does first. He mocked NATO as the real “paper tiger,” threatened escalation if the US sends Tomahawks to Ukraine, and tied confidence to Russia’s new Oreshnik missile complex. With New START treaty set to expire in February, Putin says extension is possible — but only if Washington wants it. Tensions rose further after France detained a Russian-linked tan...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Trump’s Gaza Peace Gambit

Trump dropped a 20-point peace plan at the White House with Netanyahu by his side. Israel accepted instantly, Hamas is silent. The plan: all Oct 7 hostages freed in 72 hrs, Israel releases 2,000+ prisoners, grim body-for-body swaps, Israeli withdrawal only after Hamas fully disarms. Gaza gets a temporary technocratic govt — no Hamas. Trump wants a global “Board of Peace” led by figures like Tony Blair. Bold but controversial: Israel keeps a security buffer inside Gaza...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Ladakh Erupts in Violence

What began as a hunger strike turned into Ladakh’s deadliest unrest in years. Four dead, 60+ injured, and Leh under lockdown after protesters demanding statehood and Sixth Schedule protections clashed with security forces, torching buildings and vehicles. Activist Sonam Wangchuk is accused by the Home Ministry of provoking “Arab Spring-style” protests, though he denies it. Talks with Delhi are set for October 6.

Private Sector Enters Ste...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Trump Turns on India at UN Donald Trump used the UNGA stage to take two direct swipes at India. First, he boasted yet again about “stopping a war” between India and Pakistan — angling for that Nobel Peace Prize. India clarified it halted Operation Sindoor at Pakistan’s request, not Washington’s. Then came the sharper blow: accusing India and China of “funding Putin’s war” by buying Russian oil. Tariffs on Indian imports are already at 50%, with threats of more to come. Mod...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

India–US: From Punches to Handshakes

Tariffs up, visas priced at $100K, and sharp words over Russian oil — yet, US Secretary of State Marco Rubio and India’s S Jaishankar met in New York calling each other “critical partners.” It’s not routine diplomacy, it’s damage control. Behind the public sparring, Modi and Trump quietly announced a reset: trade talks are back, with Piyush Goyal already in the US pushing a bilateral deal. Sometimes the loudest fights hap...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Alliances Redrawn: Pakistan & Saudi’s Security Pact

Riyadh and Islamabad just inked a Strategic Mutual Defence Agreement, pledging to treat an attack on one as an attack on both. Pakistan formalizes decades of unofficial military support, gaining Saudi investment, while Saudi taps Pakistan’s nuclear and military heft. India, already deepening defense ties with Riyadh, is left rethinking strategy.

Chabahar Shock: India’s $250M Gamble at Risk

The US revoked sanctions relief on Iran’s...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Oracle's TikTok Lifeline Oracle, Andreessen Horowitz plot TikTok takeover to dodge US ban. ByteDance drops to

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

 India's Supreme Court delivered a crushing victory for the Ambani family, declaring their massive Vantara zoo legally untouchable and slamming the door on future complaints. The 3,500-acre facility housing 2,000 species survived allegations of smuggling and money laundering after a thorough investigation.

Meanwhile, India-US trade talks resumed with Washington's chief negotiator flying to New Delhi. After the US slapped brutal 50% tariffs on India over Russian oil purchases, both sides are pushing for a deal by fall 2025. The stake...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

No Extension on ITR Filing

The Income Tax Department has shut down viral fake news about another deadline extension. September 15 stays the final date to file returns, despite a bogus notice circulating online. Over 6 crore ITRs have already been filed, and officials are urging last-minute filers to act now.

#IncomeTax #ITRFiling #FakeNewsAlert #TaxDeadline

GST Cuts Spark FMCG Rush

India’s consumer goods majors are liquidating stock before GST rates drop on Sep...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Infosys is launching its largest-ever buyback, repurchasing shares worth ₹18,000 crore at a 19% premium. The move matches TCS’s record buyback but covers a bigger slice of equity, signalling confidence after a 20% stock slump this year. Analysts say it’s a clear sign the stock is undervalued, even as the IT sector battles slowing growth and cautious investors.

PM Mark Carney announced Canada will cap temporary...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Wangchuk’s Hunger Protest in Ladakh

Sonam Wangchuk has begun a 35-day fast, demanding statehood and Sixth Schedule protection for Ladakh. With Gandhi Jayanti as a symbolic milestone, Wangchuk says Delhi’s silence has pushed locals to the edge. Patience is running thin since Article 370’s revocation left the region without autonomy.

UPI Levels Up

Digital payments just got a boost. Starting Sept 15, UPI limits rise to ₹10 lak...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Power Shifts in Motion

The world feels off its axis. India is choosing a new vice president while fending off Trump’s trade wars. Nepal’s Gen Z has taken to the streets in bloody clashes against corruption. The US just slammed shut a visa loophole Indians depended on. And India and Israel are sealing billion-dollar investment deals even as rockets fly. Different stories, same thread: power — who has it, who wants it, and how far they’ll go...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Tariffs, Oil & Trump’s India Puzzle

Trump doubled tariffs on India to 50% over Russian oil purchases, hoping Delhi would bend. It hasn’t. Ex-diplomat KP Fabian says Trump’s “Triple T – Trumped-up Trump Tariffs” failed. Modi and Trump still call each other “friends,” but beneath the smiles, India is sticking to its long game: dealing with the US, Russia, and China without picking sides.

Tharoor Fires Back

Congress MP Shashi Tharoor dismissed US Commerce Secretar...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Food apps hike festive fees

Swiggy and Zomato (now Eternal) have raised platform fees—₹15 and ₹12 in metros—while adding surge, rain, and distance charges. With GST now at 18% on deliveries, your festive orders will cost more. But convenience rules, and platforms know demand spikes 30–50% during this season. Even a ₹2–3 hike per order translates into crores as they process 5 million orders daily.

Afghan quake toll rises

Twin earthquakes have killed over 2,200 and injured 3,600 in eastern Afghani...

Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.

Rat Bite Horror in Indore

Two newborns bitten by rats inside Indore’s government-run MY Hospital died within 24 hours, sparking outrage. Hospital authorities insist the deaths were due to septicemia and congenital conditions, not the bites. But the Madhya Pradesh Human Rights Commission has demanded answers, opposition leaders call it systemic negligence, and the state government has suspended staff and fined the pest control agency. For grieving families, accountability comes too late.

China’s Power Pa...