Latest news today (October 6): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day.

ADIA to invest Rs 4,966.80 cr in Reliance Retail

Abu Dhabi Investment Authority will invest ₹4,966.80 crore into Reliance Retail Ventures Limited, which is a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of ₹ 8.381 lakh crore, which makes it among the top four companies by equity value in the country.

Meghalaya govt activates helpline number for state residents stuck in Sikkim

The Government of Meghalaya has launched a helpline number 1800-345-3644 for its citizens who may need assistance due to the natural tragedy in Sikkim. According to a news statement from the Meghalaya government, “students and residents of the State can call the helpline number 1800-345-3644 for assistance they may need related to the above-mentioned calamity.”

Cong holds protest outside Delhi BJP office

Congress workers on Friday staged a protest outside BJP’s Delhi unit office against the party for portraying Rahul Gandhi as a “new age Ravan” in a social media poster. The protesters burnt effigy of Prime Minister Narendra Modi and raised slogans against him. The protest was led by Delhi Pradesh Congress Committee (DPCC) president Arvinder Singh Lovely amid heavy police barricading. (PTI)

Telangana Legislative Council member Kasireddy Narayana Reddy joins Congress

Kasireddy Narayana Reddy, a member of the Telangana Legislative Council who recently left the Bharat Rashtra Samithi (BRS) in power, joined the Congress here on Friday in the presence of the party’s president Mallikarjun Kharge. Thakur Balaji Singh, a top BRS leader, also joined Congress. In the presence of Kharge and numerous local workers and leaders, both leaders joined the party.

Asian Games 2023: India beat Japan 5-1 in thrilling men’s hockey final

India win yet another gold at ongoing Asian Games 2023. India beat Japan 5-1 in thrilling men’s hockey final. With this win, India qualified for Paris Olympic.

Disney in talks with Adani, Sun TV to sell India assets

Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as well private equity firms to sell its streaming and television business in the country, Bloomberg News reported on Friday. Disney is exploring various possibilities, including selling some of its Indian operations or a mix of assets from the unit, the report said, citing people familiar with the matter. (Reuters)

China, Vietnam prepare for possible Xi visit to Hanoi in next month

Vietnamese and Chinese officials are preparing for a possible visit from President Xi Jinping to Hanoi at the end of October or early November, on the heels of U.S. President Joe Biden’s trip in September, four people familiar with the plans said. The visit would underline the Southeast Asian manufacturing hub’s growing strategic importance, as big powers jostle for influence in the region amid rising tensions between Beijing and Washington. (Reuters)

TCS to consider share buyback next week

Tata Consultancy Services on Friday said it will consider a share buyback when its board meets next Wednesday to approve second-quarter financial results. TCS, India’s largest information technology (IT) services firm, did not disclose the quantum of the buyback it was considering. (Reuters)

Indian steel firms plan price rises as coking coal costs surge

Indian steel companies plan to raise prices of various grades of the alloy due to rising import costs of coking coal, especially from major producer Australia, officials at four domestic mills said. Steel mills are likely to raise rates by $25 to $50 a metric ton by December, said the officials, who did not wish to be named as they are not authorised to speak to media. (Reuters)

SC refuses to restrain Bihar govt from publishing further data from caste survey

The Supreme Court Friday refused to restrain the Bihar government from publishing further data from its caste survey, saying it cannot stop the state from taking any policy decision. A bench of Justices Sanjiv Khanna and S V N Bhatti issued a formal notice on a batch of pleas challenging the August 1 order of the Patna High Court that gave the go-ahead for the caste survey in Bihar. It listed the matter in January, 2024. (READ MORE)

Aid for flood-hit Sikkim

Union Home Minister Amit Shah has approved the release of Rs 44.8 crore as an advance amount from the central share of the State Disaster Response Fund (SDRF) to Sikkim to provide relief to flash floods-affected people. Following a directive from Shah, the Ministry of Home Affairs (MHA) has formed an Inter-Ministerial Central Team (IMCT), which will visit the affected areas of Sikkim soon to make an assessment of the damage caused due to a Glacial Lake Outburst Flood (GLOF), cloudburst and flash floods, according to an official statement. (PTI)

Four fishermen missing after boat capsizes, rescue mission on

Four fishermen went missing in the sea off the Munambam coast near here after their fibre boat capsized, coastal police said on Friday. Three others in the boat, who were hanging on to water cans, were rescued by a fishing vessel in the vicinity. The Indian Coast Guard initiated rescue operations and a search is on to find the missing fishermen after the boat overturned on Thursday night. (PTI)

RBI maintains status quo, keeps repo rate unchanged at 6.5%

The Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy today. The three-day meeting, headed by Governor Shaktikanta Das began on October 4. The central bank decided to keep the repo rate unchanged at 6.50 per cent and stance of ‘withdrawal of accommodation. (READ MORE)

Assembly Elections 2023: ECI to announce poll dates for 5 states on Sunday?

The Election Commission of India is likely to announce the dates of the Assembly polls on Sunday. Five states – Telangana, Rajasthan, Mizoram, Chhattisgarh and Madhya Pradesh – are set to hold the Assembly Polls by the end of this year. Amid the buzz of the poll dates, the ECI has called the meeting of its observers today. (READ MORE)

S Korea considers $50.5 mln fine against Google, Apple

South Korea’s telecommunications regulator said on Friday that Alphabet Inc’s Google and Apple have abused their dominant app market position and warned of possible fines totalling up to $50.5 million. The Korea Communications Commission (KCC) said in a statement that the two tech giants forced app developers into specific payment methods and caused unfair delay in app review. (Reuters)

Sikkim flash flood: Toll rises to 21, searches on for 103 missing people

The toll in the flash flood in Sikkim mounted to 21 on Friday as Army and NDRF teams worked their way through slushy earth and fast flowing water in the Teesta river basin and downstream north Bengal for the third day in search of those who were swept away and are still missing, officials said. (READ MORE)

4 dead in Amritsar blaze

Four people were killed after a major fire broke out inside a pharmaceutical factory on the outskirts of Amritsar city on Thursday night, police said. Police said on Friday that the fire broke out in a pharma unit at the Nag Kala village area on the Majitha road located on the city outskirts. (PTI)

Ukrainian grain silo damaged by drone attack near Danube

Russian drones attacked port infrastructure in Ukraine’s Odesa region, damaging a grain silo in the Izmail district in the early hours of Friday, regional governor Oleh Kiper said. Nine trucks caught fire at the site, he wrote on the Telegram messaging app, adding that the fire has since been put out. There were no casualties, Kiper said. (Reuters)