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Finance

AgriFoodTech Investment report details a 33% y-y decline in startup investment

Rising concerns around the impact of climate change on Indian agriculture have captured the attention of investors. AgFunder and Omnivore have released the fifth India AgriFoodTech Investment Report, detailing $2.4…

FAO investments rise 22% in year that agrifood systems battle multiple shocks

FAO Investment Centre’s 2022 Annual Review looks at achievements and priorities Investment and finance solutions play a critical role in transforming our agrifood systems, especially at a time when multiple…

Zuari Agro Chemicals posts consolidated income of Rs 1404.72 Cr in Q4FY23

The company has posted net profit / (loss) of Rs-458.40 crores for the period ended March 31, 2023, as against net profit / (loss) of Rs 5.69 crores for the…

India’s agrochemical exports hit a record high of Rs 43,223 Cr in FY 2022-23

Export has grown at an impressive CAGR of 13 per cent, which is among the highest in the manufacturing sector. As per the data issued by the Ministry of Commerce…

Sumitomo Chemical India posts total income of Rs 668.055 Cr in Q4 FY23

The company has posted net profit / (loss) of Rs. 72.129 crores for the period ended March 31, 2023, as against net profit / (loss) of Rs 90.483 crores for…

Nazara Tech invests in RVCF-backed Agri-Tech platform Freshokartz

Freshokartz will use this funding to grow its newly launched social commerce super App to reach 100k VLEs Freshokartz has announced the launch of India’s pioneering social commerce super app,…

Ayekart Fintech invests in in Nature’s Fresh Express, to expand its retail product portfolio

With this investment, Ayekart will be able to tap into the extensive network of farmers and other stakeholders in the Indian vegetable market. Ayekart Fintech, a leading digital technology platform…

Godrej Agrovet, State Bank of India jointly launches finance offering for Oil Palm farmers

To enable farmers, develop and maintain, their oil palm garden during gestation period of first 5 years. Godrej Agrovet’s Oil Palm Business announced the launch of first-of-its-kind finance offering for…

Ambuja partners with NABARD for watershed initiative in Punjab

The project will also focus on water management for crops and human use through soil and moisture conservation measures Ambuja Foundation has partnered with NABARD to implement the Bari Watershed…

Global specialty minerals company ICL reports $2.1 Bn sales in Q1 FY23

Company’s operating income was $465 million versus $902 million, while adjusted operating income was $480 million versus $880 million in the first quarter of last year. ICL, Israel-based a leading…

BASF India posts Rs 5,280.9 Mn PAT in FY 2022-23

For the quarter ended on March 31, 2023, the Company registered sales of Rs.32,768.9 million, as compared to Rs 33,895.6 million for the corresponding period of the previous year. BASF…

Punjab Govt approves Rs. 4.07 horticulture sector in Sangrur & Malerkotla

Under the National Horticulture Mission Scheme, farmers in the state will be financially supported for horticulture activities Punjab Government has approved Rs. 4.07 crore to enhance the horticulture sector in…

Anupam Rasayan India renews Rs 436 Cr long term contract with a German MNC

The renewal is in accordance with the automatic renewal clause agreed upon by the parties in the long-term agreement. Anupam Rasayan India Limited, one of India’s leading custom synthesis &…

World Bank approves $82 Mn for prevention of Zoonotic, Endemic diseases in India

The new program will help reduce the risks of animal disease outbreaks by improving disease surveillance and veterinary services in the livestock. The World Bank’s Board of Executive Directors approved…

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