Top of the Morning : E20 Fuel Advisory | No Palestinian State: Netanyahu | Canada Tightens Student Visas
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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 residents, including foreign students, at under 5% of the population by 2027. Already, Indian students are reeling — four out of five faced rejections this quarter, with study permits dropping 66% year-on-year. The cuts reflect anti-immigrant sentiment and pressure on housing and jobs, reshaping Canada’s image as a top study hub.
Donald Trump’s pick for US ambassador to India, Sergio Gor, told senators a trade deal with New Delhi could be sealed “within weeks.” He credited Trump’s personal friendship with PM Modi for keeping talks alive despite earlier tensions over Russian oil. The plan: deepen defence ties, push big-ticket arms sales, and double trade to $500 billion by 2030.
In the West Bank, Israeli PM Benjamin Netanyahu bluntly declared: “There will never be a Palestinian state.” He signed off on the $1 billion E1 settlement project, a move critics say could kill the two-state solution. The announcement, coming days after Israel’s strike attempt on Hamas leaders in Qatar, risks isolating Israel further as some Western nations weigh recognising Palestine at the UN.
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