Ashbeel

Ashbeel

Pakistan Raises Policy Rate to 12%: SBP Acts as Inflation Stays Above Target

AI-generated illustration of a central bank building in Karachi at dusk with an upward interest-rate graph in the sky and Pakistani rupee notes on a desk in the foreground

Pakistan's central bank has tightened again. The MPC raised the policy rate by 50 basis points to 12% on Monday, October 26, effective October 27, ending three straight holds. With September inflation at 10.3% — well above the 5–7% target — the committee said the move was needed to anchor expectations and contain second-round effects from the ongoing supply shock.

India to Have Four Functional Launch Pads by 2029, ISRO Chief Says — With a New 2,000-Acre SSLV Spaceport at Kulasekarapattinam

AI-generated illustrative image of a small satellite launch vehicle on a coastal launch pad in southern India at sunrise, with the ocean, palm trees and a clear sky in the background

India today launches everything from one spaceport with two pads. ISRO chairman V. Narayanan says that number doubles by 2029: four functional launch pads, a dedicated 2,000-acre small-satellite complex rising at Kulasekarapattinam, and private companies handling a growing share of commercial work — while ISRO itself, he is clear, will not be privatised.

India Clears E100 for Flex-Fuel Vehicles — but Your E20 Car Cannot Use It

AI-generated illustration of a compact hatchback at a rural fuel station beside green sugarcane fields at sunset in India

The legal ceiling for ethanol in a flex-fuel vehicle in India just moved from E85 to E100 — nearly pure ethanol. But this is a rulebook change, not a pump change: it applies only to vehicles built and certified as flex-fuel models, it does not touch your E20 car, and the notification sets no date for when E100 will actually be sold across the country. Here is the verified detail.

Anthropic Files for the Biggest AI IPO Yet: $16.3 Billion in Revenue, an $80.7 Billion Loss, and a Warning About Its Own Technology

AI-generated illustrative image of a stock exchange trading floor at dawn with a steeply rising glowing stock chart, financial documents and a modern glass office tower

The Claude maker has opened its books to the public for the first time. Anthropic's S-1, filed Monday, pairs the fastest revenue growth Wall Street has ever been asked to price — $16.3 billion in six months — with an $80.7 billion headline loss, more than $475 billion in future compute commitments, and a risk section that warns its own models could pose "catastrophic or existential risks to humanity." Here is what the filing actually says, and what it does not.

Microsoft Opens a Voluntary Exit Door to 60,000 Staff — and India Is One of Four Countries on the List

AI-generated illustration of a modern glass corporate office campus at dusk with rows of empty desks visible through lit windows

Microsoft is not announcing layoffs. It is doing something subtler: inviting roughly a quarter of its workforce to volunteer to leave, with money and career support attached. The offer reaches India alongside the US, Canada and the UK — but the public announcement is deliberately light on numbers, and some of the most quoted details are reported, not confirmed. Here is what we could verify.

Trump Calls Norway a “Shit House Country” Over Nobel Snub — and Norway Points Out the Committee Is Independent

AI-generated illustration of a gold Nobel-style medal on a dark table beside a folded Norwegian flag under dramatic light

Norway — one of the world's richest countries, whose sovereign wealth fund just posted a record $184.3 billion half-year profit — has joined Haiti, Libya, Somalia and Yemen on the list of countries Donald Trump has described with the same vulgar term. The reason he gave at Port Huron was explicit: the Nobel Peace Prize did not go to him. Norway's answer was a civics lesson: the committee is independent, and he knows it.

Ishan Kishan Ruled Out of Third T20I in Wellington: BCCI Confirms Adductor Strain Keeps Him Sidelined as India Chase a Series Win

AI-generated illustration of a wicketkeeper's gloves and a cricket bat resting on a bench in a stadium tunnel, with a floodlit cricket ground blurred beyond

India will try to seal the five-match T20I series in Wellington on Tuesday without Ishan Kishan. The BCCI confirmed on Monday that the wicketkeeper-batter is recovering well from a low-grade right adductor strain but is yet to regain match fitness — and bowling coach Morne Morkel called his absence a precaution. Here is the exact wording, the cover in place, and what it means for the decider.

Cyclone Arnab on Landfall Eve: Very Severe Storm Narrows In on Yanam-Kakinada, 53 Trains Cancelled and Evacuations Widen

AI-generated satellite-style illustration of a massive spiral cyclonic storm over the Bay of Bengal approaching India's east coast at dusk

The picture has sharpened in the last 24 hours. Arnab is now a severe cyclonic storm, its landfall point has narrowed to close to Yanam or Kakinada, 30,043 boats are back in Andhra harbours, 53 trains are cancelled, and Odisha has readied more than 1,700 shelters. This post covers only the new developments since our October 26 update, plus the brief context needed to understand them.