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Finance

CCI approves merger of Mangalore Chemicals & Fertilizers with Paradeep Phosphates

Competition Commission of India (CCI) also approved acquisition of equity shares of Mangalore Chemicals & Fertilizers Limited by Zuari Maroc Phosphates Private Limited. The Competition Commission of India (CCI) has…

UPL reports wider-than-expected loss on lower product prices in Q1 FY25

Seeds business faced headwinds on account of weather challenges that impacted production, created inventory shortages and supply constraints, leading to a revenue drop of 7 per cent.  Agrochemical major, UPL…

Speciality chemicals Startup Scimplify raises $9.5Mn in Series A funding led by Omnivore and Bertelsmann

With this new round, the company plans to double down on their R&D capabilities and add more geographies where key customer segments lie. Speciality chemical manufacturing startup Scimplify announced today…

Praj Industries posts Rs 6,991.41 million revenues in Q1 FY25

Company has reported Rs 841.80 million Profit After Tax (PAT) in Q1FY25. Pune based Praj Industries (Praj), announced its unaudited financial results for the quarter ended June 30, 2024. In…

Dhanuka Agritech’s Q1 net profit up by 48.5% YOY to Rs 48.90 Crore

Company’s EBITDA Q1 grows 64.5 per cent Y-O-Y to Rs. 71.72 Crore Dhanuka Agritech, one of the leading agrochemicals companies in India reported financial results for the first quarter of…

Bayer records modest performance in challenging agricultural market environment in Q2 2024

Company’s Crop Science division posts slight increase in sales and sharp fall in earnings. The Bayer Group generated increased sales and lower earnings in the second quarter of 2024. Each…

Adani Ports reports 47% PAT growth in Q1 FY25

Company’s revenue increased by 21 per cent to Rs 7,560 crore and cargo handled was up 8 per cent at 109 million tonnes. Adani Ports and Special Economic Zone Ltd…

B2B agri-processing platform Agrizy raises USD 9.8 Mn Series A from Accion & Omnivore

Agrizy aims to transform India into a global food processing hub by helping FPOs and MSME agri-processors access export markets. Agri-processing platform Agrizy announced today that it has raised USD…

PM Modi inaugurates International Conference of Agricultural Economists (ICAE) 2024 in New Delhi

The conference, themed ‘Transformation Towards Sustainable Agri-Food Systems,’ will gather around 1,000 delegates from universities and research institutions worldwide. The 32nd International Conference of Agricultural Economists (ICAE), a prestigious triennial…

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…

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