  America’s IBM has acquired software company Red Hat in a $34 billion cash and debt deal, marking its biggest ever acquisition till date. Founded 25 years ago, Red Hat was valued at about $20.5 billion at the end of trading. The open source, enterprise software maker will become a unit of IBM’s Hybrid Cloud division, with Red Hat CEO Jim Whitehurst joining IBM’s senior management team and reporting to CEO Ginni Rometty. |
| Source- CNBC |
 .jpg) Padma Shri Professor Qazi Abdussattar, a noted Urdu writer and former head of Aligarh Muslim University’s Urdu department, passed away in Delhi following a protracted illness. He was 85. Winner of several national and international awards, Abdussattar was awarded Padma Shri in 1974. He was also the first recipient of Ghalib Academy Award in 1978. |
| Source- The Times of India |
 .jpg) Playwright, poet and author Ntozake Shange, whose most acclaimed theatre piece is the 1975 Tony Award-nominated play “For Colored Girls Who Have Considered Suicide/When the Rainbow is Enuf,” had passed away. She was 70. |
| Source- The Times of India |
 PM Narendra Modi inaugurated Sardar Vallabhbhai Patel’s memorial on the leader’s 143rd birth anniversary in Gujarat’s Narmada district. Called the Statue of Unity, the bronze sculpture is the world’s tallest statue measuring 600 feet (182m) and overshadows China’s Spring Temple Buddha (153m) and USA’s Statue of Liberty (93m). The memorial was constructed in 33 months at Rs2,989 crore. |
| Source- India Today |
 India’s first engine-less train, “Train 18”, developed by the Integral Coach Factory (ICF) and seen as a successor to the prestigious Shatabdi Express, was unveiled by Railway Board Chairman Ashwani Lohani.
The Rs. 100-crore train is the first long-distance train, without a separate locomotive (engine). It was flagged off at the ICF premises by Mr Lohani and would undergo trials. According to ICF, the train is capable of running at a speed of up to 160 kmph and comes with technical features for enhanced quick acceleration. The swanky 16-coach train will cut journey time by 15% compared to the 30-year old Shatabdi.
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  The world’s largest airport terminal “under one roof” with a capacity to serve 90 million passengers has been officially opened on October 29 in Istanbul, which marks the Republic Day of Turkey. Overall the first phase has cost 7.5 billion Euro. The airport has been envisioned to have a total capacity of up to 200 million passengers, once all four phases are completed in the next 10 years. |
| Source-The New Indian Express |
  The Vice President of India, M. Venkaiah Naidu embarked on his first Africa visit. In his weeklong visit, he will visit Botswana, Zimbabwe and Malawi where he is scheduled to interact with heads of state of the three nations, business fora and address Indian Community. On the 1st leg, Vice President will reach Botswana’s capital Gaborone to attend the Official opening of the 13th Annual Global Expo where 25 Indian companies are participating for the first time showcasing India’s economic and Industrial proves. On the 2nd leg he will visit Zimbabwe and on the last leg, he will visit Malawi. |
| Source- Press Information Bureau (PIB) |
 The Republic of Seychelles launched the world’s first Sovereign Blue Bond, a financial instrument designed to support sustainable marine and fisheries projects. The bond raised USD 15 million from international investors. The bond demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. |
| Source- The Tribune |
  Nineteen-time world champion Pankaj Advani has won the second leg of the Asian Snooker Tour in Jinan, China. Advani delivered a power-packed performance to outclass China’s Ju Reti 6-1 in the final and become the first Indian to win an Asian Snooker Tour event. |
| Source- Hindustan Times |
  India jumped 23 positions in the World Bank’s Ease of Doing Business Index 2019 and is now ranked 77 out of 190 countries in 2018, a development that could help the country attract more foreign investments. It was ranked 100 in 2017. |
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| According to the Doing Business Report (DBR, 2019), New Zealand topped the list, followed by Singapore, Denmark, and Hong Kong. The United States is placed eight and China has been ranked 46th. India has become the top-ranked country in South Asia for the first time and third among the BRICS. |
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| The doing business report ranks countries on the basis of distance to frontier (DTF), a score that shows the gap of an economy to the global best practice. India’s DTF score improved to 67.23 from 60.76 last year. India has improved its rank in 6 out of 10 indicators. These parameters include ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency. |
| Source- The Quint |
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