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Top 14 stocks in focus today: Reliance Ind, RCom, GVK Power, Polaris

Polaris Consulting informed stock exchanges that a meeting is scheduled by board members on Oct 31 to consider proposal of voluntary delisting of the equity shares of the company.

RCom is shutting major parts of its wireless business in the next 30 days to cut widening losses, blaming, among other factors, the “creative destruction“ wrought by Reliance Jio’s free voice services, as per media reports.

Aviation stocks in focus today as domestic air passengers during the month of September grew by 16.43% with Indian carriers carrying 9.6 million during the month, shows passenger data shared by the Directorate General of Civil Aviation
Reliance Industries and BP Plc have finalised plans to develop all the gas fields in the KG-D6 Block, reflecting the company’s renewed enthusiasm about the policy and pricing regime and focus on the sector after completing heavy capital expenditure in its telecoms and petrochemicals businesses.

GVK Power & Infra announced that its subsidiary, Mumbai International Airport, has received a Letter of Award from City and Industrial Development Corporation, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport Project.

Kirloskar Pneumatic has received a Letter of Acceptance from GSPL India Transco, for Natural Gas Compression Services including supply and installation of Gas Compressor on rental basis, for a value of Rs 60 crore.
HDFC Life board approves IPO of up to 29.98 crore shares.Sarda Energy & Minerals shuts down one of its power generating units for replacement of old turbine machine.Phoneix Mills says NCLT approves scheme of merger of 2 of its subsidiaries.SBI and Canara Bank clarified that it has yet to take a decision on sale of any non-core assets.Quess Corp to acquire 70% stake in Vedang Cellular Services for Rs 40 crore.Navkar Corp QIP opens at a floor price of Rs 192.29 per share.

Supreme Court says no to Jaypee on Yamuna Expressway sale, extends deadline to deposit Rs 2,000 crore in relation to the insolvency proceedings.

Unichem Lab recalls 96,876 bisoprolol fumarate tablet bottles in US, as per media reports.