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Finance

Cabinet extends Fisheries and Aquaculture Infrastructure Development Fund for 3 years

Extension of FIDF will further intensifies development of various fisheries infrastructures like fishing harbours, fish landing centres, ice plants, cold storage, fish transport facilities, integrated cold chain, modern fish markets,…

UPL posts net loss of Rs 1,217 Cr in Q3 FY24

Company’s revenue from Europe declined by 30 per cent YoY, followed by Latin America (down 28 per cent YoY) and India (down 20 per cent YoY). The agrochemical major UPL…

Dhanuka Agritech posts Rs. 45.36 Cr consolidated net profit in Q3 FY2024

The company has reported total income of Rs. 410.5231 crores during the period ended December 31, 2023, as compared to Rs.401.0278 crores during the period ended December 31, 2022. Dhanuka…

Insecticides (India) Ltd reports 31% PAT growth in Q3 FY24  

During the current quarter, the company achieved a remarkable total revenue reaching Rs 3579.42 Mn in Q3FY24, compared to Rs 3565.32 Mn in the same period last year. Insecticides (India)…

Bayer CropScience reports Rs 9,549 Mn revenue from operations in Q3 FY 2023-24

Company’s Profit Before Tax stood at Rs 1,242 million as compared to Rs 1,836 million in the corresponding period of FY 2022-23. Bayer CropScience Limited has announced its unaudited results…

Unnati & IFFCO announces strategic tie-up to offer seamless credit to rural markets

Unnati will extend channel financing solutions in collaboration with its NBFC partners including its subsidiary Ora Finance to over 76,000 channel partners across India associated with IFFCO. Unnati Agri, an…

Praj Industries reports Rs 704.143 Mn PAT in Q3FY24

Company reports Rs 8,286.226 million incomes from operations in Q3 FY24. Praj Industries (Praj) announced its unaudited financial results for the quarter and nine months ended Dec 31, 2023. Income…

Orios Venture Partners partially exits portfolio company Country Delight, generating 45X returns

This exit adds to Orios Venture Partners’ track record of successful returns to investors further solidifying its position as a leading investor in India-focused startups. Orios Venture Partners, India’s leading…

Mahindra’s Farm Equipment Sector sells 22972 units in India during January 2024

Company’s total tractor sales (Domestic + Exports) during January 2024 were at 23948 units, as against 28926 units for the same period last year.  Mahindra & Mahindra Ltd.’s Farm Equipment…

Department of Fisheries allocates Rs 2584.50 Cr for financial year 2024-25

Budgetary allocation is 15 per cent higher than the current financial year. Department of Fisheries has been allocated an amount of Rs. 2584.50 crore for financial year 2024-25 which is…

GCMMF- Amul welcomes Govt’s continuation of approval for Animal Husbandry Infrastructure Development Fund

The budget 24 announcement about mandatory blending of CBG in CNG and PNG, financial assistance for procurement of biomass aggregation machinery to support collection will boost dairy industry. Union Finance…

Aquaconnect secures $4 Mn in Pre-Series B funding round led by S2G Ventures

Funding will enable Aquaconnect to continue scaling its operations and expanding geographically to amplify its impact across India. Chennai based Aquaconnect, a full-stack aquaculture platform with embedded fintech that leverages…

IIM Kashipur’s agri start-up fiesta drives Rs 15 Cr funding to promote startup ecosystem

A total of INR 14.6 Crores has been disbursed to startups under startup support schemes out of which INR 1.30 Crores have been sanctioned to 13 Agri-focused startups in FY…

FMC Corporation to receive USD 1 Mn for damages arising from patent infringement in China

The court found all the defendants guilty of infringing FMC’s composition of matter patent for a key intermediate to manufacture chlorantraniliprole, FMC’s insect control active ingredient. FMC Corporation, an agricultural…

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