Finance News
NABARD takes up 14 Agriculture sector projects in Andaman and Nicobar
V Mashar Mashar, General Manager, NABARD told that the bank is also promoting integrated farming in the islands and has been focusing on skill development as another thrust sector. Considering the limited land for agriculture purpose in the islands developing agriculture sector has emerged as a big challenge, he s...Read more
Agri-Tech firm Fasal raised $ 1.6 million for expansion
Agricultural technology firm Fasal has raised $1.6 million (Rs 11 crore) in its seed round of funding led by impact investor Omnivore and early-stage venture capital firm Wavemaker Partners. Other investors that participated in the funding round include Mount Parker Ventures and Hong Kong-based Animoca and Japan&r...Read more
IFAD to invest US$ 30 million in Samoa for Small scale farming
The International Fund for Agricultural Development (IFAD) and Samoa have signed a financing agreement to significantly increase agricultural production and incomes for 25,000 smallholder farmer and fisher families, and to help protect against natural disasters on Samoa’s Savai’i and Upolu islands. The...Read more
SABC seeks exemption of GST on farm Inputs
The South Asia Biotechnology Centre, a not-for-profit scientific organization reached out to the Union Finance Minister Nirmala Seetharaman to request exemption of Goods and Service Tax (GST) on-farm inputs such as botanical, biological, pheromone trap & lure, micronutrients, fertilizers, pesticides, tra...Read more
Bayer opens application window for Grants4Traits™ and Grants4Biologicals™
Bayer announced that it has opened the application window for its Grants4 initiative. First introduced in 2015, the initiative offers researchers financial and scientific support to develop ideas for novel solutions, including gene editing targets,that will help to achieve higher yield and safety in crops as they ...Read more
FruitSpec secures $4M investment for yield estimation solution
FruitSpec, a portfolio company of The Trendlines Group Ltd. is pleased to announce that it has completed an investment round of $4 million. Investors included AgVentures, a South African agtech investment company and Hubei Forbon Technology Co. Ltd., China. Inaccurate fruit yield estimation fr...Read more
Godrej Agrovet reports financial performance for the quarter ended June 30, 2019
For the first quarter ended June 30, 2019, company reported standalone total income of Rs.1,262 crore which reflects growth of 13.3%. Standalone profit before tax was Rs.102 crore which was lower as compared to the previous year by 7.0%. Commenting on the performance of the 1QFY20, Mr. B. S. Yadav, Managing Direc...Read more