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Finance

FMC Corporation outlines new strategic growth plan

Announces strategic review of non-core assets including potential sale of FMC’s non-crop product line, Global Specialty Solutions FMC Corporation hosted its Investor Day at FMC corporate headquarters in Philadelphia where the company introduced…

ADB, Gobi sign sustainability linked loan to support cashmere value chain in Mongolia

The grant will support capacity-building activities on sustainable pasture management, basic pasture ecology, financial literacy, and budget management for at least 200 nomadic herders The Asian Development Bank (ADB) and…

Syngenta Group reports sales at $24.3 Bn in first 9 months of 2023

Sales of the Group for the third quarter were $6.8 billion, down 13 percent (-13% CER) and EBITDA was $0.3 billion, down 68 percent from prior year. Syngenta Group announced…

Best Agrolife posts Rs 811 Cr consolidated revenue in Q2 FY24

Company’s PAT for the quarter was at Rs 95 crores up 5 per cent QoQ and down 27 per cent YoY compared to Rs 91 crore in Q1 FY24 and…

Hester Biosciences consolidated net profit up 6% to Rs 10.75 Cr in H1FY24

Company records 28 per cent rise in revenue from operations to Rs. 158.31 crore in H1FY24. Hester Biosciences Limited, one of India’s leading animal health company, manufacturing vaccines and health…

Praj Industries reports Rs 8,823.7 Mn revenue in Q2 FY24

Company records Rs. 623.679 million PAT in Q2FY 24 compared to Rs. 657.778 million PAT in Q2 FY23. Pune based Praj Industries (Praj), announced its unaudited financial results for the…

Sustainable packaging startup Fibmold raises $10M from Omnivore and Accel

 Fibmold’s entry promises to ignite the growth of the moulded fiber packaging industry in India. Fibmold, a startup focused on sustainable packaging, has raised a $10 million round led by…

Bull-Agritech raises 8 Mn from PedalStart in pre-seed funding round

 Company plans to use funds to accelerate the operations in non-perishable agri-supply chain along with building the team. Agri-tech company Bull Agritech has raised $100K (Rs 8 million) in a…

IIL records 20% growth in Q2 FY24, aided by value-added product portfolio

In the first \of FY24, IIL recorded Rs 13,359 Mn in revenue, a significant 17 per cent growth compared to Rs 11,429 Mn in H1FY23. Insecticides (India) Ltd. (IIL), a…

UPL reports loss of Rs 189 Cr in Q2 FY2024 due to global channel destocking

Company’s total income in Q2 FY 2023-24 was Rs 10,170 crore compared to Rs. 12,507 crores during the corresponding period in FY 2022-23. Global agrochemical company, UPL Ltd. has reported…

FMC Corporation posts revenue of $982 Mn in Q3 FY2023

Third quarter results significantly impacted by lower sales in Latin America channel destocking in all regions FMC Corporation reported a third-quarter 2023 revenue of $982 million, a decrease of 29 per cent versus the third quarter…

Integrated Agri-drone company AITMC Ventures (AVPL) files DRHP with NSE Emerge

AVPL operates primarily in three areas: Skill Development, Drones Skilling and Assembly and Agri-retail. AITMC Ventures Limited (AVPL), a pioneer in developing a self-sustained ecosystem covering the entire farming value…

Upstream agtech investment increased by 24% in 2022 in Asia-Pacific region: Omnivore report

India briefly overtook China in agrifoodtech investment, while Southeast Asia demonstrated significant potential with $1.7 billion in funding. As the world’s largest region in both geography and population, with a…

Govt notifies Minimum Export Price (MEP) of US$ 800 per MT on onion export

Government has also announced the procurement of additional 2 lakh tons of onion for the buffer, over and above the 5 lakh tons already procured. The Government on October 28,…

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