By Malvika Gurung
Investing.com -- Policybazaar, Sigachi Industries and SJS Enterprises will release their IPOs today.
Reliance Industries (NS:RELI): After selling over 10 million units of the JioPhone, Reliance Jio will release its new 4G smartphone, JioPhone Next, developed jointly by RIL and Google (NASDAQ:GOOGL), in stores on Diwali, with EMI options available for 18-24 months, with a down payment of Rs 1,999.
Adani Enterprises (NS:ADEL): The Indian conglomerate has acquired a significant stake in an Online travel agency, Cleartrip, which will deepen strategic relations between Adani (NS:APSE) and Flipkart, which owns Cleartrip.
Punjab National Bank (NS:PNBK): India’s second-largest bank’s securities have been put under the F&O ban for November 1, as it has exceeded 95% of the market-wide position limit.
Tata Steel (NS:TISC): Tata Power Co. Ltd (NS:TTPW) and Tata Steel have come together to develop a grid-connected 41 MW solar project in Jharkhand and Odisha, by signing a PPA for 25 years, with Tata Power to develop PVs for Tata Steel at Jamshedpur and Kalinganagar.
Union Bank of India (NS:UNBK): The American credit rating agency Fitch Ratings has assigned the Indian government-owned bank with a Long-Term Issuer Default Rating (IDR) of 'BBB-’, and a Viability Rating (VR) of 'b'.
Jindal Saw (NS:JIND): The company has agreed to enter into a Joint Venture Agreement with Hunting Energy Solution Pte Ltd.
Companies including IRCTC (NS:INIR), Tata Motors (NS:TAMO), HDFC (NS:HDFC), Aditya Birla Capital Ltd (NS:ADTB), JBF Industries (NS:JBFI), Aban Offshore (NS:ABAN), and Lux Industries Ltd (NS:LUXI), among others, will release their earnings results for the September ending the quarter on Monday.