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Politics

Pakistan Army Chief Proposes Splitting Provinces into Smaller States

Pakistan's army chief, Field Marshal Asim Munir, reportedly plans to divide the country's four provinces—Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan—into smaller administrative units. The proposal could increase the number of provinces to 12-15 or create up to 160 smaller territories. This restructuring aims to address population and area disparities and may shift political power dynamics, increasing military influence over smaller units.

News18 World·

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Business

Mercedes Electric GLC Receives Huge Response Within 36 Hours

Mercedes started booking for its Electric GLC on October 5. The luxury electric SUV is set to launch in the Indian market on November 4. Even before its market release, the vehicle has received a tremendous response, with a significant number of bookings made within just 36 hours.

Aaj Tak·

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Business

Nasscom Responds to US Green Card Freeze, Distinguishes Immigration from Talent Mobility

Nasscom, India's tech industry body, responded to the US government's suspension of the Permanent Labour Certification program (PERM), which affects green card applications for foreign workers. Nasscom emphasized that immigration and skilled talent mobility are distinct issues and should not be conflated. The suspension impacts firms including Microsoft, but Nasscom maintains that the two issues require separate consideration.

Hindustan Times·

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Business

Sensex, Nifty Fall Wipes Rs 30 Lakh Crore in Six Weeks

The Indian stock market has lost nearly Rs 30 lakh crore in market capitalization within six weeks due to rising oil prices and high bond yields. Foreign Institutional Investors have been selling equities, and technical indicators show a bearish trend. Experts say a market rebound depends on the overall health of the economy as Nifty faces continued downward pressure.

ET Markets·

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Business

Richard Branson Bought Moskito Island for $15 Million

At age 29, Richard Branson initially offered $100,000 for an island priced at $6 million to impress Joan Templeman, eventually buying it for $180,000. In 2007, he purchased the 125-acre Moskito Island for $15 million. The island is now divided among nine private families who own estates there.

TOI World·

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Technology

Hexaware shares rise 11% on multi-year deal with Anthropic

Hexaware Technologies shares surged 11% following the announcement of a multi-year partnership with Anthropic. The collaboration aims to integrate Anthropic's Claude AI models into Hexaware's platforms, focusing on enterprise AI solutions and deployments across IT operations and software engineering.

ET Markets·

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