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Finance

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…

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…

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