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Finance

Praj Industries posts Rs 909.97 Cr income from operations in Q3 FY23

Profit Before Tax stood at Rs. 85.90 crore in Q3 FY23 compared to Rs. 50.25 crore in Q3 FY22. Pune, based Praj Industries (Praj) announced its unaudited financial results for…

UPL Sustainable Agri Solutions bags Rs 1,580 Cr from ADIA, TPG and Brookfield

The fund inflow will be utilised towards committed debt reduction target of $500 Mn by the end of March 23. UPL Ltd. announced the completion of investment of Rs 1,580…

World Bank exec lauds IRRI’s work on agribusiness in Assam

IRRI’s technical assistance to the project includes the introduction of climate-smart technologies such as MTR. World Bank Regional Integration and Engagement in the South Asia Region (SAR) Director Cecile Fruman…

J&K Govt approves Rs 329 Cr project to achieve self-reliance in meat sector

The project is aimed at creating 6000 jobs besides setting up 122 enterprises in the meat sector. In order to reduce meat imports in Jammu and Kashmir, the government has…

Caspian Equity launches LEAF fund to invest in food and agri startups

The fund expects to invest in 12 startups and has already secured commitments from leading investors such as IndusInd Bank Caspian Equity, a Hyderabad-based venture capital fund that invests in…

Garuda Aerospace bags $22 Mn in Series A funding

A part of the funds will be utilised for research and development in drone solutions for the defence sector. Chennai-based drone start-up Garuda Aerospace announced that it has raised $22…

ADB approves $130 Mn loan for horticulture project in India

The project will improve on-farm irrigation and water management in about 6,000 hectares of farmland by rehabilitating and constructing new irrigation facilities The Asian Development Bank (ADB) has approved a…

Dhanuka Agritech records 8.3% growth in net profit in Q3 FY2023

Company has posted net profit of Rs. 46.0656 crores for the period ended December 31, 2022, as against net profit of Rs 73.0227 crores for the period ended September 30,…

J&K Government announces Rs 84 Cr project to promote organic farming

The project includes the creation of over 12,600 jobs and 300 enterprises in organic agriculture. The Jammu and Kashmir government has launched a project to support farmers and promote sustainable…

SBI partners with IoTech World to provide low-interest loan for agri-drones

SBI will provide loans at the market rate to the customers of IoTech World Aviation without any mortgage, a 3 per cent concession in interest. State Bank of India (SBI)…

Sonalika posts 26% domestic growth to clock 9,741 tractor sales in January

The tractor sales have reached 1,28,190 YTD India’s export brand, Sonalika Tractors has recorded 26 per cent domestic growth to clock 9,741 overall tractor sales in January’23. Largely powered by…

Bayer CropScience posts Rs 10,379 Mn consolidated revenue in Q3 FY22-23

Profit Before Tax (Before Exceptional Items) stood at Rs 829 million, compared to Rs 593 million in the corresponding period of FY 2021-22. Bayer CropScience Limited announced its unaudited results…

Budget FY 2023-24 allocates highest ever annual budgetary support for Department of Fisheries

Budget FY 2023-24 for Department of Fisheries marks an overall increase of 38.45% over the Budget of FY 2022-23. While presenting the budget for FY 2023-24, Union Finance Minister, Nirmala…

Mahindra sells 27,626 tractors in domestic market during January 2023

Total tractor sales (Domestic + Exports) during January 2023 were at 28,926 units, as against 22,682 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

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