IRB Infrastructure’s public offer in the infrastructure investment trusts (InVITs) category opens today. The IPO, which is the first in this segment, closes on May 5 and commands a price band of ₹100-102 per unit. IRB’s InvIT fund expects to raise over ₹5,000 crore through the offer.

Piyush Goyal , Union Coal and Power Minister, will inaugurate a two-day conference of State power ministers in New Delhi today. The conference will discuss implementation of various ongoing schemes. It will also deliberate on a host of issues pertaining to power, mining, coal and renewable energy sectors.

The US Federal Reserve will spell out its policy decision today. While it is widely expected that the Fed will hold interest rates steady as it pauses to parse more economic data, investors will watch for hints to see if the central bank is on track for an increase in June. The Fed is in its first tightening cycle in more than a decade.

Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin are set to meet in Sochi. The Syrian situation is likely to be high on the agenda. Putin may discuss consolidating the ceasefire in Syria.

Technology firm Smartron will launch its second Android smartphone, the srt.phone, today. Legendary cricketer Sachin Tendulkar, a strategic shareholder and brand ambassador of the company, will launch the phone. The company’s first phone was the t-phone, a mid-range handset, that retails for about ₹24,000.

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