The victim - believed to be an 18-year-old man - was pronounced dead at the scene at just before 11.30pm.
KGM police immediately took action as carried out raid and arrested accused Kanji Kolhi and recovered from him involved sharp knife. His condition is not thought to be life threatening.
The incident happened close to St John Cass secondary school on Stepney Way.
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An London Ambulance Service spokesman added: âWe were called to Head Street to reports of a stabbing.
"We took a teenage boy to a major trauma centre as a priority".
It comes as Raul Nicolaie, 26, is named locally as the man stabbed to death in Colindale, north London at around 6pm yesterday.
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'The victim and the suspect are known to each other'.
In the second incident, a woman in her 30s was stabbed to death in Sudbourne Road, Brixton, south London, shortly after 6.30pm.
Dihan was the prime accused in Robin murder case filed with Kotwali Police Station a year ago, police said.
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The two deaths bring the number of murders in London so far this year, where the Metropolitan Police have publicly released details, to around 59.