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Finance

Sonalika Tractors achieves Market Share of 16.3 % in November’23

This marked a substantial growth of 23 per cent compared to the same period in the previous year, where 10,464 tractors were sold. India’s leading tractor manufacturer, Sonalika Tractors has…

TRI, Intellecap and Rabobank launches Carbon Credit Finance Project in Jharkhand

This project ensures the continued care of trees beyond the support period of the BHGY project by aiding smallholder farmers in securing additional financial support from carbon markets. Transform Rural…

Vegrow secures $46 Mn in Series C funding, led by GIC and Prosus Ventures

The funds will be utilised to drive Vegrow’s reach across India and fortify its global network. Vegrow, a B2B fruit marketplace, has raised $46 million in primary and secondary funding.…

Rivulis amends US$250 Mn financing package into its first Sustainability Linked Loan

The SLL reflects the company’s ongoing commitment to sustainability and responsible business practices and includes key annual sustainability performance targets. Singapore based Rivulis Pte. Ltd. announced that it has amended…

Kotak Strategic Situations India Fund invests Rs 375 Cr in agro chemical company Cropnosys

Cropnosys plans to use the capital for scaling up its manufacturing capabilities and bolstering its products suite. Kotak Strategic Situations lndia Fund ll (“KSSF I1”), managed by Kotak Alternate Asset…

Unnati Agri demonstrates 2x growth in October 2023 from previous fiscal year

The total transactional value conducted on Unnati’s platform is on a trajectory to surpass Rs 700 crores this year, marking a 70 per cent growth from the previous fiscal year.…

India to provide $250 Mn to Kenya for modernisation of agriculture

During a joint press conference with Kenyan President William Ruto, Prime Minister Modi announced Narendra Modi, Prime Minister said India and Kenya will continue to explore new opportunities to realise…

ADB approves $98 Mn loan to improve horticulture sector in India

The project will be implemented by the Ministry of Agriculture and Farmers Welfare through the National Horticulture Board and the Indian Council of Agricultural Research The Asian Development Bank (ADB)…

John Deere invests R$180 Mn in Technology Development Center with a focus on Tropical agriculture

The Brazil Technology Development Center will be built in Indaiatuba (SP) with opening planned for the end of 2024. John Deere, a global technology company that provides software and equipment…

BAL announces strategic investment in Kashmir Chemicals; acquires 99% stake in the company  

This strategic move is expected to significantly contribute to BAL’s expansion of formulation manufacturing capacity, resulting in an approximate addition of Rs 350 crores to its overall returns. Best Agrolife…

ADB signs $125 Mn loan agreement with L&T Finance to support women farmers in India

At least 40 per cent of the proceeds will be allocated to women borrowers, while the rest will support farmers, micro, small, and medium-sized enterprises (MSMEs) The Asian Development Bank…

Grubbly Farms raises Series A funding round to transform the pet food industry

Funding will support efficient scaling & customer acquisition in the pet chicken market Grubbly Farms, a speciality pet food company using black soldier fly grub protein as a healthier and…

Dhanuka Agritech reports 39% rise in net profit in Q2 FY 2023-24

Company’s total income rose by 14 per cent to Rs 617.92 crore in the July-September period of from Rs 542.90 crore a year ago. Agrochemical major Dhanuka Agritech reported a…

Sonalika Tractors clocks its highest-ever YTD (Apr-Oct’23) overall market share of 15%

The company stands as the sole brand with domestic sales growth among industry leaders, reaching 18,002 tractor sales in October 2023. Leading farm -machinery manufacturer, Sonalika Tractors has clocked its…

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