#RelianceRetail Ventures Limited (#RRVL) announced on Friday, October 6, that a wholly owned subsidiary of the Abu Dhabi Investment Authority (#ADIA) will invest ₹4,966.80 crore into the company.

Read here: https://www.livemint.com/companies/news/adia-to-invest-rs-4-966-8-crore-in-reliance-retail-11696607028236.html

Business reality show Shark Tank India 3 is all set to go live on Sony LIV soon and it has a new entrant as judge -- Zomato founder and CEO Deepinder Goyal.

Goyal will appear alongside seasoned panel members Aman Gupta, Anupam Mittal, Namita Thapar, Vineeta Singh, Amit Jain, and Peyush Bansal, as well as new entrant Ritesh Agarwal, in the latest season.

https://www.read.ht/Q5ai

#Israel's army said it aims to evacuate all Israelis living close to the #GazaStrip within 24 hours as it deployed tens of thousands of soldiers to fight Palestinian militants who had infiltrated into Israel.

Catch LIVE updates: https://www.livemint.com/news/world/israel-palestinian-conflict-live-updates-militants-hamas-rocket-attack-gaza-strip-operation-al-aqsa-flood-jerusalem-11696659203482.html

#AirIndia will suspend the flights operating to and from #TelAviv, the economic hub of #Israel, till at least October 14 amidst the war that has erupted between the country and the Palestinian militant group #Hamas.

Read here: https://www.livemint.com/news/israelhamas-war-air-india-suspends-flights-to-and-from-tel-aviv-till-oct-14-11696754433809.html

A powerful magnitude-6.3 #earthquake followed by strong aftershocks has killed about hundreds of people in the western #Afghanistan, the country's national disaster authority said.

Read here: https://www.livemint.com/news/world/afghanistan-powerful-earthquake-aftershocks-kills-more-than-100-people-top-updates-11696727490936.html

#MintCharts | India conducts the most real-time payments annually, by far, and it’s still rising rapidly, shows data from ACI Worldwide.

Today’s Plain Facts dives into India’s digital payments transformation, led by the Unified Payments Interface (#UPI) that is going places. Do check it out!

Following reported threats to Bollywood superstar #ShahRukhKhan, the Maharashtra government has decided to amplify his security to Y+ level, ANI reported.

Read here: https://www.livemint.com/news/india/shah-rukh-khan-gets-death-threat-after-jawans-success-maharashtra-government-tightens-security-11696821810510.html

The monetary policy committee unanimously agreed to keep policy rates unchanged at 6.5% but said it is “resolved to remain on high alert, given the prevailing environment of elevated global food and energy prices and global financial market volatility".

Along with the policy, it also released its half-yearly monetary policy report, laying out its analysis of the macroeconomic environment. #RBIPolicy

Mint delves into the specifics of the monetary policy report in five charts: https://www.livemint.com/news/india/what-the-rbi-s-monetary-policy-report-says-about-inflation-drivers-in-charts-11696596906730.html

#MarketsWithMint | The #Israel-#Palestine war spooked investors as equity benchmarks #Nifty50 & the #Sensex crashed about a percent each in early deals today.

Nifty 50 fell about 0.80% to the intraday low of 19,511.50 in early trade.

Read here: https://www.livemint.com/market/stock-market-news/nifty-50-sensex-fall-almost-a-per-cent-each-on-the-israel-palestine-war-11696823501485.html

#PersonalFinance | It's tempting to buy a new car, be it an upgrade, a first car or another car for the family. Whatever the reason, a #CarLoan makes the purchase easier.

Car loans 🚗 are usually of three to five years but some lenders may offer loans for up to seven years. A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest.

Read here: https://www.read.ht/Q7Fz

#PersonalFinance | Groww AMC has launched a first-of-its-kind total market index fund, which will invest in 750 stocks across large-cap, mid-cap, small-cap and micro-cap companies & covering 96% of the market capitalization.

Read here: https://www.read.ht/Q7Hp

The #ElectionCommission of India announced election schedule for five states, #MadhyaPradesh, #Rajasthan, #Telangana, #Mizoram, and #Chhattisgarh.

The elections in Madhya Pradesh, Rajasthan, Telangana, and Mizoram will be held in single phase while polling in Chhattisgarh will be held in two phases. #AssemblyElections2023

Read here: https://www.livemint.com/elections/assembly-elections/ec-announces-assembly-election-schedule-for-madhya-pradesh-rajasthan-telangana-mizoram-chhattisgarh-check-dates-11696831797677.html

JUST IN | The Delhi Police has registered a FIR against Hero MotoCorp’s Executive Chairman #PawanMunjal, as per reports.

At around 12.26 pm, the stock is down 2.75% or 83.50 points to 2954.35 from day's open.

Read here: https://www.read.ht/Q7MQ

#ClaudiaGoldin won the 2023 Nobel economics prize, the Royal Swedish Academy of Sciences said.

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of this year's crop of Nobel prizes and is worth 11 million Swedish crowns ($999,137).

Read here: https://www.livemint.com/news/world/claudia-goldin-wins-2023-nobel-economics-prize-11696845254214.html

Riders affiliated with #Swiggy, the Bengaluru-based food delivery aggregator, have launched an "indefinite strike" in #Mumbai, seeking higher payout and improved working conditions, reports said on October 9.

Read here: https://www.livemint.com/news/swiggy-riders-in-mumbai-on-indefinite-strike-seek-higher-pay-reports-11696844087946.html

#MintCharts | Hamas’s unprecedented surprise attack on #Israel has brought into focus the possible impact of a full-blown war in the region on India’s trade.

The trade ties between India and Israel have risen steadily, with a spike last year when Israel became India's fourth-largest destination of #petroleum products exports.

In 2022-23, India's exports of petroleum products to Israel jumped 3.5 times to $5.5 billion, against $1.6 billion in the previous year. This increased India’s exports by 77% compared to the previous year.

#PersonalFinance | Building a portfolio is a complex exercise, and it has to be maintained too. A person's portfolio holds different types of assets based on her financial goals, and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products. One must also keep in mind the volatility risk of the asset class, liquidity, lock-in rules and taxation.

Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.

#PersonalFinance | The reason for Porinju Veliyath’s confidence in the small-caps stems from, what he says, abundant value opportunities in the space. He believes that growth is imperative and not a choice for small companies. He also avers that it is among these small companies that one can find the multi-baggers. Among his small-cap picks, Hindware Homes, Tata Elxsi, CDSL, PDS, Raymond, Gati, and West Coast have proved to be multi-baggers.

Read more: https://www.livemint.com/money/personal-finance/porinju-veliyath-the-guru-investor-betting-big-on-small-cap-stocks-11696878656739.html#:~:text=The%20reason%20for%20Veliyath's%20confidence,can%20find%20the%20multi%2Dbaggers

#WhatsApp is reportedly planning to roll out a custom password feature for protected chat folders, enhancing security.

Users can enter this code in the search bar to access locked chats & configure it for companion devices, suggests a report from WABetaInfo

Read more: https://www.livemint.com/technology/tech-news/whatsapp-might-enhance-security-with-custom-passwords-for-protected-chat-folders-soon-report-11696914814318.html

#MukeshAmbani, chairman of #RelianceIndustries, has reclaimed the title of the richest Indian, surpassing #AdaniGroup chairman #GautamAdani, who experienced a substantial decline in wealth due to the Hindenburg Research report, as per #HurunIndiaRichList2023

Read more: https://www.livemint.com/companies/mukesh-ambani-now-richest-indian-on-hurun-list-beats-gautam-adani-to-top-spot-11696925482954.html

Prime Minister Narendra Modi interacted with his Israeli counterpart & reiterated support for the other country. War broke out last week in the region following a surprise attack from #Hamas extremists.

Fighting over the past four days has claimed nearly 2,000 lives and injured thousands of others.

Read here: https://www.read.ht/Q8Js