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Here are the top stories to start your day.
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⭐ Jio 5G plan gets a boost
Reliance Jio, telecom subsidiary of Reliance Industries which aims to build the largest 5G standalone network across India has entered into a multi-year deal with Finnish telecom equipment maker Nokia. As part of the contract, Nokia will supply equipment like high-capacity 5G antennas, which will help Jio deliver advanced 5G services.
⭐ Maharashtra Seamless Q2 revenues rise
Pipes and tubes maker Maharashtra Seamless has reported robust quarterly results. Its consolidated revenue rose by 46% YoY to ₹1,436 crore, while its net profit grew by 28.5% to ₹177 crore. The company’s board also recommended a 1:1 bonus issue for its shareholders.
⭐Tata Coffee’s profit jumps
Tata Coffee’s consolidated revenue rose by over 30% year-on-year to ₹723 crore, while its net profit grew by 174% to ₹147 crore. Improved price realisation along with higher sales of plantation products aided the quarterly performance.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.77% |
| Nikkei 225 (Japan) | ▲ 0.73% |
| Hang Seng (Hong Kong) | ▲ 0.56% |
| SSE Composite (China) | ▲ 0.05% |
| Dow Jones (US) (October 17) | ▲ 1.86% |
| NYSE (US) (October 17) | ▲ 2.01% |
| Nasdaq (US) (October 17) | ▲ 3.43% |
| S&P 500 (US) (October 17) | ▲ 2.65% |
Fact of the day
Toyota has launched India’s first flex fuel hybrid vehicle that runs on electricity and ethanol
Source: Business Standard