Good morning!
Here are the top stories to start your day.
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⭐ Olectra Greentech bags order
Electric bus manufacturer Olectra Greentech along with Evey Trans Private Limited has bagged a new electric bus order from a state transport corporation. The order is worth ₹185 crore to supply 123 electric buses for a gross cost contract of a period of 15 years. Evey will procure the electric buses from Olectra Greentech and they will be delivered over a period of nine months.
⭐ Crompton Greaves to reduce stake via OFS
Consumer electricals maker Crompton Greaves plans to sell a 6% stake in its subsidiary Butterfly Gandhimathi Appliances via an offer for sale (OFS). The company’s management gave its nod to the sale of 10.72 lakh shares at a face value of ₹10 each from 20 to 21 September.
⭐ Hatsun Agro plans rights issue
Dairy company Hatsun Agro has approved a rights issue worth ₹400 crore, subject to regulatory approvals. A right issue is a corporate action whereby fresh equity shares are offered by a company to existing shareholders as on the predetermined record date.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.86% |
| Nikkei 225 (Japan) | ▲ 0.42% |
| Hang Seng (Hong Kong) | ▲ 1.31% |
| SSE Composite (China) | ▲ 0.62% |
| Dow Jones (US) (September 19) | ▲ 0.64% |
| NYSE (US) (September 19) | ▲ 0.41% |
| Nasdaq (US) (September 19) | ▲ 0.76% |
| S&P 500 (US) (September 19) | ▲ 0.69% |
Fact of the day
With overall market capitalisation of over ₹22 lakh crore, Adani group has become the most valued conglomerate in India, overtaking Tata Group.