Latest news with #CDP
Asahi Shimbun
a day ago
- Business
- Asahi Shimbun
Noda abandons no-confidence motion to avoid power ‘vacuum'
Yoshihiko Noda, president of the Constitutional Democratic Party of Japan, speaks at a news conference on June 19. (Takeshi Iwashita) The main opposition party officially dropped plans to submit a no-confidence motion against the Ishiba Cabinet during the current Diet session, saying Japan needs to stay focused on more pressing issues. 'We must avoid creating a political vacuum,' Yoshihiko Noda, president of the Constitutional Democratic Party of Japan, said at a news conference on June 19. Noda described U.S. tariffs on Japanese products as a national crisis and said the escalating conflict between Israel and Iran has made evacuation of Japanese nationals an urgent task. 'At the moment, the responsible behavior for the largest opposition party is not to work against the government but rather give it an encouraging pat on the back,' Noda said. Prime Minister Shigeru Ishiba is now expected to close the Diet session as scheduled on June 22, which effectively sets the Upper House election for July 20 with campaigning starting on July 3. Noda said a no-confidence motion may be submitted later, possibly during an extraordinary Diet session in autumn, if the Ishiba administration fails to strike an agreement with the United States on the tariffs imposed by President Donald Trump. Ishiba has told his aides that if the CDP were to submit a no-confidence motion, he would dissolve the Lower House for a snap election without taking a vote on the motion. Such a move would lead to simultaneous elections next month for both Diet chambers. Some CDP lawmakers said the party must sponsor a no-confidence motion even at the risk of simultaneous elections. But CDP executives expressed concern that the party would be at a disadvantage in a dual-election scenario because it has been underprepared in recruiting candidates, raising funds and coordinating with other opposition parties. At the news conference, Noda said a no-confidence motion risks losing the opposition bloc's advantage in the Lower House, where the ruling coalition has been driven into a minority. The CDP chief made the announcement shortly after Ishiba briefed leaders of the ruling and opposition parties on the status of negotiations over U.S. tariffs and other policy issues. Noda also met with the leaders of Nippon Ishin (Japan Innovation Party), the Democratic Party for the People and the Japanese Communist Party before the news conference and informed them of the CDP's plan not to submit a no-confidence motion. The CDP is the only opposition party that holds the number of seats required for sponsoring a no-confidence motion on its own. But the CDP would need help from other opposition parties to actually pass the no-confidence motion and force the prime minister to either dissolve the Lower House or have his Cabinet resign en masse. However, Nippon Ishin and the DPP have been reluctant to jointly sponsor a no-confidence motion, although they previously called on the CDP to go ahead with the plan. (This article was written by Takahiro Okubo and Ryohei Miyawaki.)
Mint
2 days ago
- Business
- Mint
IPO Watch: Capillary Technologies India refiles draft papers to raise funds via IPO
IPO Watch: Capillary Technologies India Ltd refiled draft red herring prospectus (DRHP) to secure funding for its initial public offering (IPO). Previously, the company submitted its IPO documentation to SEBI in December 2021. The Bengaluru-based firm provides artificial intelligence (AI)-driven cloud-native Software-as-a-Service (SaaS) products and solutions mainly for enterprise clients, aimed at enhancing the loyalty of their consumers and channel partners. As one of the few competitors in the loyalty management sector, the company delivers comprehensive loyalty solutions, including its cutting-edge loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), rewards management platform (Rewards+), and customer data platform (CDP) for its users. With its headquarters in India, Capillary boasts a considerable global presence, maintaining offices in various locations, including the United States, the United Kingdom, the United Arab Emirates, and several Asian nations. As of March 31, 2025, the company serves over 390 brands across more than 45 countries. In Fiscal 2025, Capillary Technologies reported a 13.93% increase in revenue from operations, rising from ₹ 525.10 crore in fiscal 2024 to ₹ 598.26 crore, primarily due to a rise in retainership and other services. The company achieved profitability in fiscal 2025, recording a profit of ₹ 13.28 crore compared to a loss of ₹ 59.38 crore in fiscal 2024. The IPO, which has a face value of ₹ 2 per equity share, includes a fresh issue of equity shares totaling ₹ 430 crore and an offer for sale of 18,331,386 equity shares by current shareholders. The offer for sale includes shareholders selling as follows: up to 14,211,104 equity shares by Capillary Technologies International Pte. Ltd., up to 1,466,583 equity shares by Ronal Holdings LLC, up to 1,833,228 equity shares by Trudy Holdings, up to 759,938 equity shares by Filter Capital India Fund I, up to 10,800 equity shares by Sripathi Venkata Ramana Reddy, up to 24,349 equity shares by Harminder Sahni, up to 10,000 equity shares by Adarsh Reddy B, up to 8,384 equity shares by Sudhakar Reddy Katanguri, up to 3,000 equity shares by Sripathi Damodar Reddy, and up to 4,000 equity shares by Manjunath Nanjaiah. The funds from the fresh issuance, totaling ₹ 120 crore, will be used to cover the costs of its cloud infrastructure; ₹ 151.54 crore will go toward investment in research, design, and development of its products and platform; ₹ 10.32 crore will be allocated for acquiring computer systems for its operations; funds will also be used for growth through unspecified acquisitions; and for general corporate purposes. The book-running lead managers are JM Financial Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited, while MUFG Intime India Private Limited serves as the registrar for the issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
2 days ago
- Politics
Main Opposition CDP Decides to Skip No-Confidence Motion
News from Japan Jun 19, 2025 17:15 (JST) Tokyo, June 19 (Jiji Press)--The main opposition Constitutional Democratic Party of Japan has decided to forgo a no-confidence motion against Prime Minister Shigeru Ishiba's cabinet in the ongoing ordinary session of the Diet, which ends on Sunday, it was learned Thursday. CDP leader Yoshihiko Noda conveyed the decision to Seiji Maehara, co-head of Nippon Ishin no Kai (Japan Innovation Party), during their meeting on the day. The CDP chief said that there should not be a political vacuum amid ongoing tariff negotiations between the Japanese and U.S. governments. He also mentioned heightened tensions in the Middle East. END [Copyright The Jiji Press, Ltd.] Jiji Press
3 days ago
- Politics
Diet Seen Skipping Vote on Surname Bills in Current Session
News from Japan Politics Jun 18, 2025 21:47 (JST) Tokyo, June 18 (Jiji Press)--Japan's ruling and opposition parties are discussing skipping a vote on opposition-sponsored surname bills in the current Diet session, which ends on Sunday, informed sources said Wednesday. Two bills that would allow married couples to have different surnames were submitted each by the Constitutional Democratic Party of Japan and the Democratic Party for the People. Meanwhile, Nippon Ishin no Kai (Japan Innovation Party) introduced a bill to expand the use of maiden names. Ahead of the end of the current session, the CDP demanded a vote on the bills, but the ruling Liberal Democratic Party refused, due to its internal divisions on the issue. The DPFP was also cautious about holding a vote, fearing that the bills might be killed. The CDP hopes to conclude an agreement with other parties to hold deliberations on the bills during the possible extraordinary session this autumn. END [Copyright The Jiji Press, Ltd.] Jiji Press
Globe and Mail
3 days ago
- Business
- Globe and Mail
Mobile industry emissions down 8%, but pace must double to hit net zero
LONDON , /CNW/ -- The mobile industry's operational emissions fell by 8% between 2019 and 2023, even as mobile connections grew by 9% and data traffic quadrupled, according to the GSMA's fifth annual Mobile Net Zero report released today. The mobile industry has successfully started to decouple emissions from data and connectivity growth – a stark contrast to global emissions, which have increased 4% since 2019. However, to continue progress and keep net zero by 2050 on track, emissions must fall by 7.5% annually until 2030 – more than twice the average annual rate to date. Key findings include: Preliminary 2024 data suggests a further 4.5% drop in emissions – an acceleration on previous years, but still short of the 7.5% annual reduction needed to 2030. 37% of electricity used by operators disclosing to CDP came from renewables in 2023 – avoiding 16 million tonnes of emissions. 81 mobile operators (covering nearly half of global connections) have set or committed to science-based targets. Europe (-56%), NA (-44%), and LatAm (-36%) lead in operational emissions reductions between 2019 and 2023. New analysis of China shows operational emissions fell by 4% in 2024 – the first recorded decline. The acceleration in decarbonisation is driven by operator actions to improve network energy efficiency and transition to clean energy, including solar and battery storage, while reducing reliance on diesel generators. Encouraging new analysis was published today to frame discussions at MWC25 Shanghai in China – where there are more than one billion 5G connections. Preliminary 2024 data shows a 4% operational emissions reduction year-on-year driven by a more than quadrupling in renewable energy use by operators. As the industry's largest single market, China's progress is instrumental in achieving global net zero targets. Steven Moore , Head of Climate Action at the GSMA, comments: "Our findings show the mobile industry isn't greenwashing or greenwishing – it's green acting. Emissions are trending in the right direction, but the pace of progress must now double. "This is a global effort, and it's encouraging to see momentum building across every region – from Latin America to Europe and especially to China . " But to sustain this progress, we need broader support: better access to renewables, more policy certainty, and stronger collaboration across the ecosystem. Climate transition plans will play an increasingly important role in navigating what comes next."
