Latest news today (October 20): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day.

RBI imposes Rs 2.5 crore penalty on L&T Finance

The Reserve Bank of India on Friday said a penalty of Rs 2.5 crore has been imposed on L&T Finance Ltd for non-compliance with certain norms concerning non-banking financial companies (NBFCs). After examination of reports following statutory inspection of the company, the RBI said it was revealed that the NBFC did not disclose to its retail borrowers, the gradation of risk and rationale for charging different interest rates to different categories of borrowers in the loan application form/sanction letter. (PTI)

Spy arrested from Gujarat

Gujarat ATS arrests a spy from Tarapur town of Anand district for sending sensitive information to Pakistan. He was first a Pakistani citizen who later got Indian citizenship. (ANI)

Italy PM splits from partner after his sexist TV comments

Italian Prime Minister Giorgia Meloni said on Friday she had separated from her television journalist partner Andrea Giambruno, who has drawn criticism in recent weeks for sexist comments made on and off air. “My relationship with Andrea Giambruno, which lasted almost 10 years, ends here,” Meloni wrote on her social media accounts. “Our paths have diverged for some time, and the time has come to acknowledge it,” she added. The couple have a seven-year-old daughter. (Read More)

UK PM Rishi Sunak travels to Egypt for crisis talks

British Prime Minister Rishi Sunak will travel to Egypt on Friday as part of his Middle East tour for crisis talks to prevent the Israel-Gaza conflict spilling over across the region. His talks with Egyptian President Abdel Fattah El-Sisi follow “productive” discussions with Saudi Crown Prince Mohammed bin Salman in Saudi Arabia on Thursday. (Reuters)

Social media platform X to launch new premium subscriptions soon, says Musk

Social media platform X, formerly known as Twitter, will soon launch two new tiers of premium subscriptions, Elon Musk said in post on X on Friday. ‘One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads’, said Musk, who owns X. (Reuters)

Govt authorities to pay Rs 30 lakh compensation to families of those who die while cleaning sewers: SC

Taking a grim view of incidents of sewer deaths in the country, the Supreme Court on Friday said government authorities will have to pay Rs 30 lakh as compensation to the kin of those who die while cleaning sewers. A bench comprising Justices S Ravindra Bhat and Aravind Kumar said those who suffer permanent disabilities while cleaning sewers will be paid Rs 20 lakh as minimum compensation. (Read More)

Rahul Gandhi to address poll rally in Telangana’s Armoor

Congress leader Rahul Gandhi, currently on the campaign trail in Telangana, will address a public rally at Armoor on Friday before leaving for the national capital ending his three-day visit, party sources said. Though the Wayanad MP is scheduled to address another rally in Nizamabad today, it was cancelled as he had to leave for Delhi due to an important meeting which requires his presence, they said. (PTI)

Adani group closes in on $3.5 billion loan, among Asia’s biggest: Bloomberg

Billionaire Gautam Adani-controlled Adani Group is closing in on a $3.5 billion loan to refinance existing debt that was taken out to fund the purchase of Ambuja Cements Ltd., in what would be the latest sign of confidence among creditors in the conglomerate. The deal, which would be among the top 10 biggest loans in Asia this year, could be sealed this week, according to people familiar with matter, who asked not to be identified because the matter is private.