Posts in category Business Standard
CMAI, UK-based VCMI partner to help stakeholders in carbon credit trading (06-01-2024)
The Carbon Markets Association of India (CMAI) has partnered with global body Voluntary Carbon Market Integrity Initiative (VCMI) to help stakeholders in carbon credit trading.
The agreement with London-headquartered VCMI aims to guide industry players from the registration process for projects involved in the generation of carbon credits, monitoring of projects to trading of the carbon credits generated in a transparent manner, CMAI said in a statement.
The partnership will seek to promote an enabling environment for high-integrity voluntary carbon market (VCMs) that attract private investment aligned with national and sub-national climate and socioeconomic policy priorities, the statement said.
As part of the agreement, CMAI and VCMI will facilitate the stakeholders in scaling up carbon finance activities across priority sectors in India.
VCMI is an international non-profit organization which works to enable high-integrity voluntary carbon markets (VCMs). The organization is alig
Unicommerce files draft papers with Sebi to raise capital through IPO (06-01-2024)
E-commerce-focussed IT firm Unicommerce has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The issue is entirely an offer for sale (OFS) aggregating up to 2.98 crore equity shares by the selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi.
Under the OFS, SB Investment Holdings (UK) Ltd, an affiliate of Japan's SoftBank, will offload 1.61 crore shares, promoter AceVector Limited (formerly known as Snapdeal Limited) will sell up to 1.14 crore shares and B2 Capital Partners will be selling up to 22 lakh shares.
Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders.
Unicommerce eSolutions is the fifth tech company which has filed IPO papers. Awfis Space Solutions, Ola Electric, Firstcry, and MobiKwik are the other technology companies that have filed draft papers in the past two weeks.
Founded in 2012, Unicommerce eSolutions is India's lea
Dollar flat after mixed US data, on pace for best weekly gain since July (06-01-2024)
For the week, the dollar gained 1.1%, on pace for its best weekly rise since mid-July
Gold price falls Rs 110 to Rs 63,270, silver unchanged at Rs 76,600 (06-01-2024)
The price of 22-carat gold fell Rs 100, with the yellow metal selling at Rs 58,000
Azim Premji family office gets nod to bet abroad through GIFT City (05-01-2024)
Premji Invest and billionaire Narayana Murthy-backed Catamaran Ventures were among the first to seek approvals, according to the people
Albula Investment Fund sells Swan Energy’s shares worth Rs 157 crore (05-01-2024)
Albula Investment Fund on Friday sold shares of Swan Energy for Rs 157 crore through an open market transaction.
Bandhan Mutual Fund (MF), Samco MF, BNP Paribas Arbitrage, Societe Generale, and Resonance Opportunities Fund, among others were the buyers of shares.
According to the block deal data available with the National Stock Exchange (NSE), Albula Investment Fund offloaded 30.24 lakh shares, amounting to a 1.14 per cent stake in Swan Energy.
The shares were disposed of at an average price of Rs 519.90 apiece, taking the deal value to Rs 157.22 crore.
Shares of Swan Energy rallied 7.48 per cent to close at Rs 563.60 per piece on the NSE.
Swan Energy on Thursday said it has formally taken over management control of Reliance Naval & Engineering. The company had emerged as the winning bidder under an insolvency resolution process.
The acquisition of Reliance Naval marks the company's entry into the shipbuilding, ship repairing, and heavy fabrication industry.
Swan Group has ...
Strong order book, upgrades help HAL fly past the Rs 2 trillion mcap mark (05-01-2024)
The shares of HAL hit a new high of Rs 3,038.60, surging 5 per cent on the BSE in intraday trade on Friday on a robust business outlook
Sundaram Mutual Fund prioritises equity, gold in multi-asset offering (05-01-2024)
Multi-asset allocation funds have been the 'flavour of the season' in the hybrid space in financial year 2024 as fund houses have rushed to launch the product post the change in debt fund taxation
UAE market cap soars as top 16 national companies hit AED 2.7 trillion (05-01-2024)
According to official figures, 16 listed companies accounted for about 74 per cent, or AED 2.709 trillion, of the total market capitalisation of the local stock markets
Mid, smallcap indices post best first five-day gains in three years (05-01-2024)
Equity markets rallied the previous year on the back of hopes of the Federal Reserve cutting interest rates by March