Bharti Airtel may advance after making strategic alliance with Samsung

Bharti Airtel said that the company and Samsung announced a strategic alliance to bring a range of affordable 4G smartphone options to customers. As a part of this alliance, four top models from Samsung's popular Galaxy J-series range will be available with attractive cashback offers, bringing down the effective price of the device and making them highly affordable for customers. All devices will come bundled with Airtel's special recharge pack of Rs 199 that offers 1 GB data per day and unlimited calling. The announcement was made after market hours yesterday, 4 January 2018.

Bliss GVS Pharma announced that board of directors will meet on 11 January 2018, for considering disinvestment of subsidiary business. The announcement was made after market hours yesterday, 4 January 2018.

Indian Overseas Bank said that board of directors approved to utilize the balance available in the share premium account amounting to Rs 7650.06 crore as at 31 March 2017 to write off the accumulated losses of the bank aggregating to Rs 6978.94 crore as at 31 March 2017 to present a true and fair view of the financial position of the bank and to take the same into account during current Financial Year 2017-18. The announcement was made after market hours yesterday, 4 January 2018.

South India Bank said that the meeting of the board of directors of the bank is scheduled to be held on 9th January 2018 to also consider a proposal to augment the paid-up capital by issue of equity shares or other securities convertible into equity shares, through one or more modes permissible under applicable laws including but not limited to, preferential allotment, qualified institutions placement, rights issue or public issue, for an amount not exceeding Rs 20 crore in nominal value, subject to the approval of regulatory authorities if any. The announcement was made after market hours yesterday, 4 January 2018.

Shares of public sector banks will be watched. Media reports suggested that the Lok Sabha on Thursday gave its approval to the central government's request for additional spending of Rs 80000 crore to boost the capital health of public sector banks. The latest approval of funds will be utilised by March this year. The matter will now be heard in Rajya Sabha on Friday, 5 January 2018, reports added.

HCL Technologies announced about the termination of joint venture agreement between the company and Great American Insurance Company (GAIC). The announcement was made after market hours yesterday, 4 January 2018.

Varun Beverages announced that it has further deepened its relationship with PepsiCo by entering into a strategic partnership for the larger Tropicana portfolio along with Gatorade and Quaker Value-Added Dairy in territories across North and East India. This is part of VBL's strategy to expand its product portfolio through its valued relationship with PepsiCo. The announcement was made after market hours yesterday, 4 January 2018.

Take Solutions said that it has incorporated a step down subsidiary company Navitas Lifesciences S.A.S in Colombia on 3 January 2018. The announcement was made after market hours yesterday, 4 January 2018.

JSW Energy announced that it has, on 1 January 2018, incorporated a wholly owned subsidiary, JSW Solar to pursue business opportunities in the renewable energy space, energy storage systems, micro grids, etc. The announcement was made after market hours yesterday, 4 January 2018.

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