Top of the Morning

ISRO's Heaviest Satellite Launch | Buffett Sells for 12th Straight Quarter | Canada Courts India to Ditch US


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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 communication satellite (4,410kg) from Indian soil, proving growing self-reliance in space technology. Finally, Canadian Prime Minister Mark Carney is actively improving relations with India as part of his strategy to reduce Canada's economic dependence on the United States, aiming to double non-US exports within a decade.

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Top of the MorningBy Mint - HT Smartcast