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Finance

BL Agro unveils Vision 2030 aiming for Rs 20,000 Crores turnover

The group presented its bold plans for future at World Food India 2024 with an ambitious blueprint for growth and MoU with Poland based Arya Capital. BL Agro Group, a…

Cabinet approves Nutrient Based Subsidy (NBS) rates for Rabi Season, 2024 on P&K fertilizers

The subsidy on P&K fertilizers will be provided based on approved rates for Rabi 2024 (applicable from 01.10.2024 to 31.03.2025) to ensure smooth availability of these fertilizers to the farmers…

 Shivraj Singh Chouhan launches AgriSURE Fund for Start-ups & Rural Enterprises

With a focus on technology-driven, high-risk, high-impact ventures, AgriSURE is designed to fuel growth and foster innovation in the agricultural and rural start-up ecosystem. In a significant development for the…

Mahindra’s Farm Equipment Sector records 36% growth in the exports market over last year

 Company’s domestic sales in August 2024 were at 20518 units, as against 20647 units during August 2023.  Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group,…

Cabinet approves the Digital Agriculture Mission with an outlay of Rs. 2817 Cr

The Mission is conceived as an umbrella scheme to support digital agriculture initiatives, such as creating Digital Public Infrastructure, implementing the Digital General Crop Estimation Survey (DGCES). The Union Cabinet…

Cabinet approves 7 major schemes for farmers with total outlay of Rs 14,235.30 Cr

 The schemes include Digital Agriculture Mission, Crop science for food, Sustainable livestock health and production, Strengthening Agricultural Education, Sustainable development of Horticulture and Strengthening of Krishi Vigyan Kendra. The Union…

PM to lay foundation stone of 218 fisheries projects worth Rs 1,564 Cr in Maharashtra

These initiatives are expected to generate more than five lakh employment opportunities in the fisheries sector. Prime Minister Narendra Modi will visit Mumbai and Palghar in Maharashtra on 30th August…

Biofics raises Rs 10.4 Cr in Pre-Series A Funding to accelerate growth in Bio-CNG

The company plans to develop advanced Bio-CBG plants, invest in research and development, and create more green jobs in the bioenergy and solid waste management sector. Biofics Private Limited, a…

Cabinet approves progressive expansion of Central Sector Scheme of ‘Agriculture Infrastructure Fund’

These initiatives aim at expanding the scope of eligible projects and integrate additional supportive measures to foster a robust agricultural infrastructure ecosystem. The Union Cabinet chaired by Prime Minister, Narendra…

KRBL’s domestic business clocks Rs 925 Cr revenue in Q1FY25

The E-commerce ecosystem has delivered a staggering 75 per cent revenue growth (vs. STLY) * for KRBL, solidifying its position as a pivotal strategic channel for the company’s business expansion.…

Agri and food supply chain platform Ayekart records strong results for FY 2023-24

 Company’s Gross margin increased substantially from Rs 19 Crore to Rs 45.10 Crore in FY23-24, marking a compound annual growth rate (CAGR) of 379 per cent from Rs 3.13 Crore…

Insecticides (India) Limited posts 68.18% growth in profit in Q1 FY25

Total income increased marginally to Rs 659.20 crore from Rs 643.84 crore in the year-ago period. Insecticides (India) Limited has reported the financial results for Q1FY25. Insecticides (India) Ltd on…

Adaptation finance is crucial for building climate resilience of India’s agri communities- Bridgespan – HSBC India study

The survey has been conducted with nearly 800 farmers and 150 labourers in four Indian states (Andhra Pradesh, Bihar, Maharashtra, and Uttar Pradesh). Philanthropies and impact-first investors can play a…

Punjab & Sind Bank to fund PAU for Futuristic Farming project

Technologies such as sensor-based irrigation, automated weather stations, drone applications, and machine learning-based decision support systems will be showcased on the new demo farm. Punjab Agricultural University (PAU), Ludhiana, has…

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