Good morning!
Here are the top stories to start your day.
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⭐ Tata Motors bags order for 200 e-buses
Tata Motors has received a new order for the supply of 200 electric buses in Jammu and Kashmir. As part of the order, Tata Motors will supply 150 9-metre Starbus electric buses and 50 12-metre Starbus electric buses. The company will also operate and maintain these e-buses for 12 years
⭐ Adani Defence makes new acquisition
Adani Defence Systems & Technologies, has signed an agreement to acquire the aircraft maintenance, repair and overhaul (MRO) company Air Works. The acquisition will take place at an enterprise value of ₹400 crore. Air Works has a presence across 27 cities in India.
⭐Sonata Software’s revenue rises
Sonata Software, in its September quarter results, reported a 55% year-on-year rise in revenue at ₹1,496 crore. Meanwhile its net profit increased by 24% to ₹113 crore. The company also announced an interim dividend of ₹7 per share for its shareholders, which will be paid on 14 November.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.19% |
| Nikkei 225 (Japan) | ▲ 0.73% |
| Hang Seng (Hong Kong) | ▼ 0.65% |
| SSE Composite (China) | ▼ 0.35% |
| Dow Jones (US) (October 18) | ▲ 1.12% |
| NYSE (US) (October 18) | ▲ 1.32% |
| Nasdaq (US) (October 18) | ▲ 0.90% |
| S&P 500 (US) (October 18) | ▲ 1.14% |
Fact of the day
As per World Economic Forum, drone technology could help boost India’s GDP by 1-1.5% and create 5 lakh job opportunities.