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Popular Articles

Tata Capital appoints new head for sales structure
Non-banking finance company Tata Capital today announced the appointment of Jamshed Daboo, to the newly created position of head, of national sales and services organisation.

Centre-CMs meet on food prices on January 27
The Centre will hold a meeting with Chief Ministers on January 27 on the issue of surging prices of essential commodities, which continued to be costly, despite the food inflation easing a bit.

News of the day

CRR hike slightly aggressive, int rates not seen rising now
Economists were "slightly surprised" by the extent of hike (75 basis points) in mandatory cash reserves of banks held by the Reserve Bank, but felt that the apex bank"s move was strongly influenced by rising inflationary pressures.
Public Company

Usha Martin gets carbon credits worth Rs 4.4 cr

Usha Martin Ltd has been issued 44,317 carbon credits for its Clean Development Mechanism projects by UN Framework Convention on Climate Change, data from the regulator showed today. - West Coast records PAT of Rs 20.58 cr - Usha Martin consolidated Q4 net dips 43% - I-T dept mulls tax on carbon credits The project will help the company earn substantial additional revenue by selling carbon credits. Usha Martin’s carbon credits are worth Rs 4.4 million, based on December carbon credit futures price of ¤14.50 on European Climate Exchange. Shares of Usha Martin spurted on the news. At 1025 IST, the share was trading at Rs 53.55 on the National Stock Exchange, up 14.55 per cent from Wednesday’s close. The company’s project aims at Waste Heat Recovery Based Captive Power generation at Jamshedpur in Jharkhand. The project is expected to reduce 54,340 trillion of carbon dioxide equivalent emissions annually for a fixed period of 10 years that ends November 30, 2014.


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