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Finance

 MSP for Kharif crops for marketing season 2023-24 is non-inflationary: SBI Ecowrap report

The report also mentioned that MSP might be converted to floor price of auction on e-NAM to benefit farmers.   State Bank of India’s Economic Research Department has published a report…

Centre increases Minimum Support Prices for Kharif crops for marketing season 2023-24

The expected margin to farmers over their cost of production are estimated to be highest in case of bajra (82 per cent) followed by tur (58 per cent), soybean (52…

Centre approves Rs 1.08-lakh Cr subsidy for fertilisers for Kharif Season 2023-24

The Cabinet has approved Rs 70,000 crore subsidy for urea and Rs 38,000 crore for DAP and other fertilisers for Kharif Season 2023-24. The Union Cabinet has approved a Rs…

mooMark launches Heat Index Insurance plan for dairy farmers

The insurance plan for dairy farmers to protect their income loss arising from drop in milk yield during summers. Stellapps’ fintech arm mooPay, in partnership with IBISA Network, HDFC ERGO…

Mahindra’s FES sells 33,113 tractors in domestic market during May 2023

Total tractor sales (Domestic + Exports) during May 2023 were at 34,126 units, as against 35,722 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Agrograph and Planet Labs partner for enhanced agros insights

The partnership aims to benefit finance, insurance and agri-business service providers and government entities Agrograph announced a new partnership with Planet Labs PBC (Planet) to integrate Planet’s high-resolution global satellite…

EarthDaily Agro announces support to war-impacted Ukrainian farmers

Farmer-to-farmer humanitarian effort unites industry partners worldwide to raise funds and support the farmers of Ukraine EarthDaily Agro, a division of geospatial analytics provider EarthDaily Analytics Corporation, announced the support for Farmerhood, a…

NERAMAC authorises 250 Naga farmers to use GI tag

The GI-tagged products in Nagaland include: Naga Mircha (King Chilli); Naga Tree Tomato; Naga Sweet Cucumber and Chakhesang Shawl North Eastern Regional Agricultural Marketing Corporation (NERAMAC), under the Ministry of…

Leads Connect Services, Ensuredit jointly launches ‘Leads Ensuredit Private Limited’

The two companies will hold a 50-50 % stake in the new company under the JV. Noida based Leads Connect Services, a premier agritech data, risk management, and financial services…

Assam Govt and Caspian Equity to launch 250 cr fund for investment in agriculture

With a corpus of INR 250 crore, AAIF is a unique sector-specific fund that will mainly invest in small and medium enterprises in Assam Caspian Impact Investment AdviserPvt. Ltd. (Caspian…

Vikas Lifecare Ltd.’s Agro Products Division bags new orders for Rs 155 Mn

The company targeting a goal of Rs 3600 million for the Agro Products Division for the current fiscal year, as compared to the Rs 2000 million accomplished during the last…

Best Agrolife’s revenue crosses Rs. 1,700 Cr

Best Agrolife Board has also recommended a dividend of 30 per cent (Rs. 3 per share), which is a 50 per cent jump over last year Best AgrolifeLimited recorded revenue…

Smart agri Industry creates roadmap for sustainable future through ESG investments 

ESG investors are expected to drive capital flows to help farmers overcome livelihood and other barriers to adopting environmentally friendly smart technologies Stakeholders are establishing ethos to bolster environmental, social…

Praj Industries posts Rs 10,039.845 Mn income from operations in Q4 FY23

Company recorded FY 23 revenue at Rs. 35,280.378 million and PAT (Profit After Tax) at Rs. 2,398.182 million. Pune based Praj Industries (Praj), announced its audited financial results for the…

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