Jet Airways (India) may drop after dismal Q1 result

Jet Airways (India) reported net loss of Rs 1323 crore in Q1 June 2018 as compared to net profit of Rs 53.50 crore in Q1 June 2017. Total income rose 1.9% to Rs 6066.91 crore in Q1 June 2018 over Q1 June 2017. The announcement was made after market hours yesterday, 27 August 2018.

Oriental Bank of Commerce said that the meeting of the board of directors of the bank is scheduled on 30 August 2018 to consider and approve the raising of capital from the market through QIP for an amount not exceeding Rs 1000 crore. The announcement was made after market hours yesterday, 27 August 2018.

Karnataka Bank has entered into an agreement with Bank Bazaar for digital home loan sourcing. The announcement was made after market hours yesterday, 27 August 2018.

JBF Industries and KKR Jupiter Advisors (KKR) have entered into a binding understanding. Based on the Term Sheet executed on 14 August 2018 wherein KKR has agreed to buy out a 100% stake of JBF Petrochemicals. The total debt of $464 million in JBF Petrochemicals will now no longer be consolidated in the accounts of JBF Industries. This will eliminate all contingent liabilities in the form of guarantees provided to the lenders of the PTA project for a loan of $464 million and interest thereon. The financial closure of JBF Petrochemicals is scheduled by 30 September 20l8. The announcement was made after market hours yesterday, 27 August 2018.

Vipul said that a letter of award was received from Uttar Pradesh Expressway Industrial Development Authority (UPEIDA), Lucknow, Uttar Pradesh for the Operations, Maintenance, Management and Transfer of Wayside Amenities Facility along 'Agra-Lucknow Expressway'. The announcement was made after market hours yesterday, 27 August 2018.

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