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Finance

Bayer to invest EUR 220 Mn in new R&D facility at its Monheim site in Germany

This is the company’s largest single investment in its Crop Protection business in Germany. Bayer significantly strengthens its commitment to innovation in regenerative agriculture with a EUR 220 million investment…

ISMA urges GST parity for flex fuel vehicles amid E20 milestone

 GST parity will directly contribute to reducing country’s fuel bill while simultaneously curbing carbon emissions from the transportation sector. With the target of 10 per cent ethanol blending being achieved,…

Ayekart Fintech achieves remarkable 5X growth, records Rs 657 Cr GTV in FY 2022-23

Ayekart’s dedication to fostering partnerships is evidenced by over 16,000 MSME partners registered on the platform. Ayekart, a leading FinTech and integrated digital technology platform specialising in the food and…

Farmland LP launches $250M fund focused on organic and regenerative agriculture

Farmland LP currently manages over 16,000 acres with approximately $250 million in assets under management (AUM) Farmland LP, a preeminent fund manager specialising in organic farmland, announced the launch of its $250 million Vital…

G20 Pandemic Fund approves 25Mn USD to India for strengthening animal health system

The fund aims to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, focusing on low- and middle-income countries. The G20 Pandemic Fund has approved the…

Shree Renuka Sugars posts 18% growth in total income in Q1 FY2023-24

Total income up by 18 per cent over the previous year from Rs 19,401 million to Rs 22,865 million Refinery contributed 70 per cent of the topline. Shree Renuka Sugars…

Zetta Farms introduces Zetta Rozgaar Yojna to empower Indian farmers

In addition to the pension fund, Zetta Rozgaar Yojna will also offer an insurance plan that safeguards farmers against unforeseen challenges that can impact their livelihoods. Zetta Farms, pioneers in…

Hikal Ltd reports lower consolidated PAT of Rs 6.92 Cr in Q1 FY23-24

The company has reported total income of Rs 388.99 crores during the period ended June 30, 2023, as compared to Rs 382.06 crores during the period ended June 30, 2022.…

Insecticides (India) Ltd reports revenue growth of 14.14 % in Q1 FY23-24

Company’s PAT stood at Rs 291.42 Mn in Q1 FY24, compared to Rs 383.09 Mn in Q1 FY23, margins reduced from 6.83 per cent in Q1 FY23 to 4.55 per…

Bayer CropScience reports 18.5 % drop in sales to 4.924 Bn euros in Q2 FY2023

The fall in sales is mainly driven by lower volumes and prices for glyphosate-based products in North and Latin America as well as in Europe/Middle East/Africa. Bayer has published detailed…

FMC Corporation announces $30.5 Mn commitment to Zero Hunger Private Sector pledge

Pledge includes the company’s initiatives supporting smallholder farmers, youth, and advancements in climate-smart technologies and digital tools for farmers in Asia, Africa and Latin America. FMC Corporation, a leading global…

Hester Biosciences posts 88% growth in Consolidated Net Profit in Q1FY24

Revenue from operations up 73 per cent to Rs 87.85 crore in Q1FY24. Hester Biosciences Limited, one of India’s leading animal health company, manufacturing vaccines and health products has reported…

Bayer CropScience India posts Rs 17,396 Mn revenue from operations in Q1FY 2023-24

 Company’s Profit Before Tax for the quarter stood at Rs 4,061 million, compared to Rs 3,823 million in the corresponding quarter of the previous financial year. Bayer CropScience Limited announced…

UPL posts Rs 8,963 Cr revenue in Q1 FY24

Net debt at $3.19 billion as of June 2023, down by $160 million vs June 2022. UPL Ltd. has reported financial results for the first quarter of FY24 (Apr-June 2023).…

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