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Finance

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…

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…

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