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Finance

ADAMA reports 13% drop in sales to $1,136 Mn in Q4 2023

In the Pacific region, sales in the full year and fourth quarter were impacted by high channel inventories and pricing pressure, combined with just in time purchasing patterns. Israel based…

APSEZ inks agreement to acquire Gopalpur Port Limited for expansion

The acquisition is made at an enterprise value of Rs 3,080 crores and company will purchase the 56 per cent stake of the SP Group and 39 per cent of…

Mother Dairy plans to invest Rs 750 Cr to set up processing plants for milk and F&V

The major investment includes a new dairy plant in Nagpur, Maharashtra, with an estimated investment of Rs 525 crore. Mother Dairy has announced that company plans to invest Rs 650…

Arya.ag and Shivalik Bank partner to empower farmers with 200 Cr in Commodity Financing

Paving the way for enhanced financial inclusion through technological innovation and robust banking frameworks. Arya.ag, India’s only profitable integrated grain commerce platform, has partnered with Shivalik Small Finance Bank to…

GCF backs Avaana Capital major investment boost for India’s sustainable future

With a total value of USD 120 million, including a substantial USD 24.5 million investment from GCF, this initiative marks a significant stride towards fostering climate innovation and sustainability in…

Bayer CropScience reports significant decline in sales

This decline was mainly attributable to significantly lower prices for glyphosate-based products due to reduced prices for generics. The Bayer Group achieved its adjusted guidance for 2023. In his speech…

Sustainable energy-tech startup Urja Sathi raises Rs 3.5 Mn Seed funding

Funding will utilise for team building, customer support enhancement, and also to enhance marketing, branding and visibility amongst its potential B2B and B2C audiences. Lucknow-based Urja Sathi, a pioneering, one-stop…

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…

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