Finance News
CNH Industrial registers consolidated revenue of $8.9 Bn in Q2 of 2021
CNH Industrial, a global leader in capital goods, has posted consolidated revenues of $8.9 billion in Q2 2021 (up 60 per cent compared to Q2 2020). The net income was registered at $699 million, adjusted diluted EPS of $0.42 and adjusted EBIT of industrial activities of $699 million (up $757 million). The company ...Read more
Heritage Foods' reports consolidated PAT of Rs 303 M in Q1 FY2022
Heritage Foods, a leading private dairy player in India, announced its financial results for the first quarter ended on June 30, 2021. The revenue from operations was at Rs 6,481 million during the quarter. EBIDTA was at Rs 520 million as compared to Rs 558 million in Q1 FY2021. EBITDA margin stood at 8 per cent a...Read more
India's PLI scheme expected to boost textile industry: Beroe
The Indian government has taken several steps, including introducing the Production Linked Incentive (PLI) scheme for various sectors, including the textile sector. The scheme is expected to drive the production of textiles in India and find its way to the export markets, according to Beroe, a leading provider of ...Read more
Acumen closes $58 M impact fund to support African agri biz
The Acumen Resilient Agriculture Fund (ARAF), a first-of-its-kind equity fund that provides critical capital to support African agribusinesses that help smallholder farmers adapt to climate change, recently closed at $58 million. Sponsored by Acumen and anchored by Green Climate Fund (GCF), the fund is supported b...Read more
ATUL posts consolidated net profit of Rs 165.94 Cr in Q1FY22
ATUL, an integrated chemical company, has recently posted its (Q1 FY 2021-22) - QoQ results. In the quarter, the company has reported a total income of Rs 1109.82 crores during the period ended June 30, 2021, as compared to Rs 1134.56 crores during the period ended March 31, 2021. The company has posted net profit...Read more
Banas Dairy achieves Rs 12,982 Cr turnover in 2020-21
Banas Dairy, a lifeline of cattle farmers and farmers of Banaskantha district of Gujarat, has achieved a turnover of Rs 12,982 crore in the year 2020-21. The dairy has succeeded to generate this revenue in a very short time, proving its strong foothold in the current market. Banas Dairy, being located in just a si...Read more
Incofin’s IPF achieves first close at Rs 450 Cr
Incofin IM announced the successful first close of the India Progress Fund (IPF) at Rs 450 crores (Rs 4.5 billion). The fund will make private equity investments in the agri-food value chain and financial services in rural India. The committed capital comes from a diverse set of private and institutional investors...Read more
Amul registers Rs 53000 Cr turnover
Amul cooperative movement has marked its 75th anniversary, by crossing group turnover of Rs 53,000 crores (or $7.1 billion). In the year 2020-21, the milk procurement of all member unions under Gujarat Cooperative Milk Marketing Federation (Amul Federation), registered 14 per cent growth in 2021, over the previous...Read more
Neogen posts 17 per cent more revenue than previous year in Q4
Neogen Corporation has announced the results for its fourth quarter and full 2021 fiscal year, which ended May 31, 2021. Revenues for the fourth quarter increased 17 per cent to $127,425,000, compared to $109,074,000 in the previous year, and revenues for the full fiscal year were $468,459,000, compared to the pri...Read more
B2B platform Vegrow secures USD 13Mn for expansion in 100 cities
Agritech startup Vegrow has raised USD 13 million from investors including Lightspeed Venture Partners and Elevation Capital to invest in technology, new products and expansion in 100 cities. It is a B2B platform for fruits and vegetables. The Series A round also saw participation from existing investors ...Read more
NLM to focus on entrepreneurship development, breed improvement in livestocks
National Livestock Mission (NLM) proposes to bring a sharp focus on entrepreneurship development and breed improvement in rural poultry, sheep, goat and piggery including feed and fodder development. The Rural Poultry Entrepreneurship component will give direct employment to 1.5 lakh farmers and 2 lakh farmers wil...Read more
Pivot Bio raises $430 M in Series D funding
Pivot Bio, a leading nitrogen innovator in agriculture, announced the close of a $430 million Series D funding led by DCVC and Temasek, bringing the total equity raised to more than $600 million. The funding will fuel the company's accelerating release of disruptive products focussed on replacing the $60 billion o...Read more
