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Finance

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…

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…

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