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Finance

Mahindra records sale of 20121 tractors in domestic market during February 2024

 Total tractor sales (Domestic + Exports) during February 2024 were at 21672 units, as against 25791 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Govt approves interest free Loan to FCV Tobacco growers in Andhra Pradesh

Government of India permits sale of FCV Tobacco on Tobacco Boards auction platform and waives off penalty on sale of excess production of registered growers. From 3rd-5th December 2023, MICHAUNG…

Cabinet approves FRP of sugarcane payable by sugar factories for sugar season 2024-25

Fixed FRP of sugarcane at Rs. 340 per quintal for a basic recovery rate of 10.25% which is about 8 per cent higher than FRP of sugarcane for current season…

Agri-produce startup Indic Wisdom raises Rs 4 Cr in Pre-Series A round

Company plans to use the funds to boost visibility, expand distribution, and enhance production capacity.  Indic Wisdom, an agri-produce startup raised Rs 4 crores in Pre-Series A Round led by…

CNH Ventures takes minority investment in drone imaging AI company Bem Agro

Together with Bem Agro, CNH aim to significantly enhance future precision technology solutions, services and reach for agriculture across Latin America and Asia Pacific. CNH continues to strengthen its tech…

Govt announces increase in authorized capital of Food Corporation of India from Rs 10,000 Cr to Rs 21,000 Cr

With this infusion of capital, FCI shall also embark upon modernising its storage facilities, improving transportation networks, and adopting advanced technologies. In a landmark decision aimed at bolstering the agricultural…

Fertiberia, Lantmännen, and Nordion Energi invests to develop Sweden’s first fossil-free mineral fertiliser factory

Production is scheduled to start by the end of 2028, with the total investment estimated to around 2 billion euros, with partners planning to contribute with varying amounts in the…

Ag-tech start-up WeedOUT raises USD8.1 Mn to fight weed resistance

The infusion of new capital will advance the company’s mission to combat weed resistance through its breakthrough green solution. Israel based Ag-tech start-up WeedOUT, Ltd., announced that it has secured…

Bayer AG plans to amend its dividend policy to reduce debt

The Board of Management and the Supervisory Board will present this dividend proposal for shareholder vote at the Annual Stockholders’ Meeting on April 26, 2024. Bayer AG plans to amend…

Ayekart, an agrifood fintech platform, raises $6.5 Mn in Series A Funding

The company plans to utilise the investment to enhance its technological capabilities and extend its operations nationwide. Ayekart, a leading agrifood fintech platform, has raised USD 6.5 Million (Rs 53…

Rupala launches the realigned Animal Husbandry Infrastructure Development Fund Scheme

The Scheme will help the Dairy Cooperatives to upgrade their processing infrastructure with an updated processing technology. Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry & Dairying, launched the realigned…

WDRA and Punjab & Sind Bank sign MoU to facilitate low interest rate loans to farmers

Under the MoU, PSB is offering loans against electronic Negotiable Warehouse Receipts with no collateral and attractive rate of interest. To facilitate farmers and traders in providing low interest rate…

Shree Renuka Sugars remains steadfast and progressing ahead in Q3 FY24

The operating performance continues to be driven by higher Revenues and EBITDA due to improved realizations across all segments. Shree Renuka Sugars Limited – one of India’s largest sugars and…

Sumitomo Chemical India reports Rs 54.71 Cr consolidated PAT in Q3 FY2024

The company has reported total income of Rs 568.889 crores during the period ended December 31, 2023, as compared to Rs.766.161 crores during the period ended December 31, 2022. Sumitomo…

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