Trump Flexes Muscle in Middle East | MakeMyTrip Cuts Cuts Chinese Stake | HZL’s ₹12K Cr Metal Play

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Trump Flexes Muscle in Middle East | MakeMyTrip Cuts Cuts Chinese Stake | HZL’s ₹12K Cr Metal Play

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Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.1. Trump Flexes Muscle in Middle East The Iran-Israel conflict has entered a dangerous sixth day, and the U.S. is rapidly reinforcing its military posture. President Donald Trump warned Iran that America’s “patience is wearing thin,” claiming full control of the skies over Iran—signaling potential U.S. strikes on Iran’s underground Fordow nuclear site. B-2 stealth bombers carrying GBU-57 bunker-busters remain on standby, while destroyers and carrier groups are repositioned across the Red Sea, Mediterranean, and Arabian Sea. Fighter jets and refueling tankers are active across the Middle East and Europe. U.S. forces intercepted multiple Iranian missile strikes targeting Israel, while Israel pounded oil depots near Tehran. Death tolls are rising—224 civilians in Iran and 24 in Israel. Trump has demanded Iran’s “unconditional surrender” but stopped short of targeting the Iranian leader “for now.” After years of tension, PM Modi and newly elected Canadian PM Mark Carney hit the reset button in Kananaskis, Canada, during the G7 Summit. This was their first meeting since Carney took office and follows the diplomatic fallout over the 2023 killing of separatist Hardeep Singh Nijjar. Both leaders emphasized shared values of democracy and cooperation on AI, energy, and counterterrorism. They also agreed to restore full diplomatic representation, signaling a thaw in bilateral ties. Modi called Canada an important partner and highlighted growing investments on both sides. MakeMyTrip is raising up to $3 billion to buy back shares from Chinese backer Trip.com, aiming to slash its voting power from 45.34% to below 20%. The Indian travel platform will raise funds via equity and convertible senior notes—14 million shares are on offer, possibly rising to 16.1 million. In a world increasingly wary of Chinese stakes in Indian tech, MMT’s move is both strategic and symbolic—asserting independence while positioning itself as an investor-diversified digital travel leader. Israeli data analytics startup Coralogix is doubling down on India, deploying most of its $115M Series E funding to scale R&D, cybersecurity, and AI operations in the country. India now ranks among Coralogix’s top three global markets. The company is expanding its Gurgaon HQ, planning a new Bengaluru office, and staffing aggressively in BFSI, edtech, and fintech sectors. Its cybersecurity unit, SnowBit, already has its global HQ in India. With a projected $3.3B cybersecurity market in 2025, Coralogix is betting on India as both a tech talent hub and a revenue engine. Hindustan Zinc Ltd (HZL) is investing ₹12,000 crore to add 250 ktpa of zinc production in the first phase of its plan to double output to 2 million tonnes. The expansion includes a new smelter in Debari, mine upgrades, and a sharp focus on cutting production costs to below $950/tonne in three years. Beyond zinc, HZL is eyeing India’s rare earth opportunity, seeking permission to tap monazite reserves. With global supply chains shifting, HZL is positioning itself at the heart of India’s critical mineral strategy. 2. India, Canada Reset Ties at G73. MakeMyTrip Cuts Chinese Stake4. Coralogix Goes All-In on India5. Hindustan Zinc’s Mega Expansion Learn more about your ad choices. Visit megaphone.fm/adchoices