Latest news with #Efficiency
Yahoo
5 days ago
- Business
- Yahoo
Cal Redwood Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Rights, Commencing on June 23, 2025
Menlo Park, CA, June 16, 2025 (GLOBE NEWSWIRE) -- Cal Redwood Acquisition Corp. (Nasdaq: CRAQU) (the 'Company') today announced that, commencing on June 23, 2025, holders of the units (the 'Units') sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares (the 'Ordinary Shares') and rights (the 'Rights') included in the Units. The Ordinary Shares and Rights received from the separated Units will trade on the Nasdaq Global Market ('Nasdaq') under the symbols 'CRA' and 'CRAQR', respectively. Units that are not separated will continue to trade on Nasdaq under the symbol 'CRAQU'. Holders of Units will need to have their brokers contact Lucky Lucko, Inc. d/b/a Efficiency, the Company's transfer agent, in order to separate the Units into Ordinary Shares and Rights. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but expects to focus its efforts on businesses in the technology, media and telecommunications (TMT) sector as well as sectors that are being transformed via technology disruption, where the Company believes its management team's operational and investment expertise will provide it with a competitive advantage. The Units were initially offered by the Company in an underwritten offering. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as lead book-running manager, and Seaport Global Securities acted as joint book runner. Copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@ The registration statement relating to the securities of the Company was declared effective by the U.S. Securities and Exchange Commission (the 'SEC') on May 22, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward Looking Statements This press release contains statements that constitute 'forward-looking statements' that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and final prospectus for the Company's initial public offering filed with the SEC, which could cause actual results to differ from forward-looking statements. Copies of these documents are available on the SEC's website, at The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. No assurance can be given that the Company will ultimately complete a business combination transaction. Contact Raymond Dong Cal Redwood Acquisition Corp. Email: raymond@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
09-06-2025
- Business
- TechCrunch
Suite AI: how SAP is bringing AI to the enterprise
As the adoption of AI increases, hear how SAP is expanding its AI capabilities across the business suite. By catching up with this TechCrunch Sessions: AI panel, you can see how to leverage upcoming innovations to boost efficiency, streamline processes, and drive greater engagement across your business. Plus, you'll get the opportunity to learn about SAP's AI agent Joule, embedded AI capabilities, and custom AI development. And you can check out the rest of our Sessions: AI programming right here.
Hindustan Times
06-06-2025
- Business
- Hindustan Times
Rijiju launches portal for registration, monitoring of waqf properties
Union minority affairs minister Kiren Rijiju on Friday launched a portal for the registration and monitoring of waqf properties, calling it a symbol of dedication to transparency and good governance. The Unified Waqf Management, Empowerment, Efficiency, and Development (UMEED) portal seeks to bring all stakeholders onto a single digital platform and streamline the management of waqf properties by ensuring real-time data collection and open access to verified information. 'We are taking a firm step toward ensuring that waqf properties are used for the benefit of the intended communities,' said Rijiju at the portal launch in the presence of minister of state for minority affairs George Kurian. Waqf properties are required to be registered on the portal within six months of the launch date. Rijiju asked representatives of state waqf boards, who were present at the launch virtually, to ensure adherence to the six-month limit. Respective state boards will have to carry out the registrations. Properties not registered within six months may get up to a two-month extension in exceptional cases such as technical delays. Those that remain unregistered beyond the extended deadline will be classified as disputed and referred to the Waqf Tribunal. Minority affairs secretary Chandra Shekhar Kumar said the portal will allow submission of documents for registering a property to prevent the inclusion of illegal or encroached land. He added the custodians of properties without documentation will be required to approach the tribunal for verification. 'Since land is a state subject, it will ultimately be up to the state governments to confirm or deny whether the land in question is indeed waqf,' Kumar said. Kumar said that women, children, and economically weaker sections will be among the primary beneficiaries of Waqf assets. The portal, which includes a field asking whether a property is on government land, was launched weeks after the passage of the Waqf (Amendment) Act. Petitions challenging the law's constitutional validity are pending in the Supreme Court. On April 17, the court declined to stay the law after the government submitted that certain provisions would not be enforced for now. Rijiju refused to comment on the challenges to the law, saying the matter is sub judice. 'I hope the court recognises that this is a landmark law... The opposition must accept this and cooperate with the government to ensure smooth implementation. As for the waqf rules, it is a natural process. We are actively working on it.' The waf properties have to be registered with details such as dimensions and geotagged locations. Properties recorded in the names of women will be ineligible to be declared as waqf. The portal will generate a 17-digit unique identification number for each property based on the state and district codes, property type, etc. The portal features dropdown-based structured data input and an online grievance redressal mechanism. The public will have access to the property information. A three-tier user verification process has been instituted for the portal. The mutawalli or an authorised person of a waqf board will initiate data entry. The checker will be a district-level officer or a designated official to verify the data, and the approver will be the CEO or an officer to grant final approval. Data protection and privacy regulations will cover the portal. A toll-free helpline has been made available for technical assistance and support.
The Hindu
05-06-2025
- Business
- The Hindu
As the waqf portal is set to go live, TG Waqf Board ‘waiting for clarity'
Hyderabad With the Union government all set to launch the Unified Waqf Management, Empowerment, Efficiency, and Development (UMEED), a portal that seeks to collate documents connected to waqf properties, purportedly for managing them better, the Telangana State Waqf Board (TGSWB) is still awaiting clarity. 'We are aware that the portal is going to be launched tomorrow. But we are still waiting for clear guidelines from the Ministry of Minority Affairs about what all documents are required, and which ones will be accepted. As far as we know, the portal will accept document uploads for the next six months,' TGSWB Chairman Syed Azmatullah Hussaini told The Hindu. A key concern, Mr. Hussaini said, that still remains, is the documentation of old places of worship such as those belonging to the Qutb Shahi period. 'We are yet to see what how to deal with documents connected to such masjids. With the portal going live from tomorrow, and in the absence of documents of a large number of Qutb Shahi masjids, we have to check as to how we should proceed,' he said. Meanwhile, others from the TGSWB pointed out that the portal is likely to have a three tier system. First, the mutawalli (manager of a waqf institution) will have to upload documents, for instance, a gazette notification. This is then verified by an officer at the TGSWB. The final approving authority would be the Chief Executive Officer. 'The previous online management system – the Waqf Asset Management System – will not be in use. Moreover data from this will not be migrated to the new portal. Ideally, it would have been better had the Central government waited for the Supreme Court judgment before going ahead with the portal,' an official said. Meanwhile, the TGSWB is continuing its efforts to strengthen documentation of properties in its custody. The board's CEO, Mohammed Asadullah, wrote letters to government agencies, such as the Chief Commissioner Land Administration, and the Telangana State Archives and Research Institute, and sent staff to obtain copies of documents of properties considered waqf.
Business Recorder
05-06-2025
- Business
- Business Recorder
KAPCO signs TPPA with CPPA-G, NGCPL
KARACHI: Kot Addu Power Company Limited (KAPCO) has signed a Tri-Partite Power Purchase Agreement (TPPA) with Central Power Purchasing Agency (CPPA-G) and National Grid Company of Pakistan Limited (NGCPL). The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. Last month, on May 20th, The National Electric Power Regulatory Authority (NEPRA) approved the tripartite agreement, governing electricity sales from KAPCO's 1,600 MW power plant in Kot Addu, Punjab. According to KAPCO's notice, NEPRA granted approval of the TPPA on May 19, 2025, subject to certain conditions being met. The conditions include conducting an Initial Capacity Test (ICT) and Heat Rate Test (HRT) to benchmark efficiency, with an independent engineer evaluating and determining Simple Cycle Efficiency/Heat Rate numbers. Once these requirements are fulfilled, the TPPA will become effective for the operational phase of the power plant. Meanwhile, NEPRA had granted a provisional tariff to KAPCO on a Take-or-Pay basis last month after a public hearing on April 8, 2025. Incorporated in 1996, KAPCO operates a multi-fuel fired power station with the capacity of 1,600 MW, selling electricity to the Water and Power Development Authority (WAPDA) under a Power Purchase Agreement (PPA). Copyright Business Recorder, 2025
