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Finance

Ministry of Ports, Shipping and Waterways inaugurates key projects worth more than Rs 13 Cr at Paradip Port

Trauma and Burn Care (TBC) Centre inaugurated at Paradip port and foundation laid for Water treatment plant with the capacity to filter 16 million litres of water per day. T.K.…

DFPCL reports strong growth and margin expansion in Q1FY25

Company registered Profit After Tax (PAT)of Rs 200 crore which is 76 per cent higher on YoY basis. Deepak Fertilisers and Petrochemicals Corporation Limited, one of India’s leading producers of…

Mahindra records sale of 25587 tractors in domestic market during July 2024

Total tractor sales (Domestic + Exports) during July 2024 were at 27209 units, as against 25175 units for the same period last year.  Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Caspian Debt unveils loan product for climate-resilient agriculture

The initiative supports financing for irrigation systems and other sustainable farming solutions. Caspian Debt has announced the launch of new loan product to help Microfinance Institutions (MFIs) fund climate-adaptive agricultural…

AGCO announces definitive agreement to sell its Grain & Protein business

The divestiture of Grain & Protein supports AGCO’s strategic transformation, recently accelerated by the PTx Trimble joint venture, which closed in April 2024. AGCO Corporation, a global leader in the…

Budget 2024 announces financial support for setting up network of nucleus breeding centres for shrimp

Financing for shrimp farming, processing and export will be facilitated through NABARD. Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0 government,…

Govt allocates Rs 1.52 lakh crore for agriculture and allied sectors in the Budget for 2024-25

This substantial funding is set to bring transformative changes to India’s agricultural landscape. Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25. In the first budget of the Modi 3.0…

 Govt to implement Digital Public Infrastructure in agriculture over 3 years in Budget 2024

Around 6 crore farmers will be brought into the Farmer Registry System. Kisan credit cards will be enabled in at least five states. Finance Minister Nirmala Sitharaman said while presenting…

Allied sectors of agriculture emerged as promising sources to improve farm income: Economic survey

Livestock sector grows at CAGR of 7.38 per cent; fisheries sector grows at 8.9 per cent between 2014- 15 and 2022-23. Economic Survey 2023-24 was presented in the Parliament today…

Agriculture sector registered average annual growth rate of 4.18 % over the last 5 years: Economic Survey

 Total area coverage of all oilseeds has increased from 25.60 million hectares in 2014-15 to 30.08 million hectares in 2023-24 registering 17.5 growth. Economic Survey 2023-24 presented in the Parliament…

CNH India marks production milestone with ​manufacturing 700,000 tractors in Greater Noida

The plant produces approximately 2,000 tractor variants, ranging from 35 to 120 horsepower across the two brands. CNH, a global leader in agriculture with its New Holland and Case IH…

Rallis India Limited reports revenue of Rs 783 Cr in Q1FY25

 In Q1 FY24 company posted Profit after tax was Rs 48 Cr, as compared to Rs 63 Cr of Q1 FY24. Crop care delivered strong volume led revenue growth of…

Govt approves 321 impactful projects under PMMSY with an outlay of Rs 114 Cr

Department of Fisheries provides financial assistance for formation of 2195 FFPOs under PMMSY and around 95 FFPOs on board on ONDC network. With an aim to hold strategic discussions with…

Govt to launch ‘Agri Fund for Start-Ups & Rural Enterprises’ to support Startup and Agripreneurs

Under this Blended Capital Fund, an equal contribution of Rs 250 crores each will be provided by the Department of Agriculture and Farmers Welfare and NABARD The Government is poised…

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