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Finance

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…

Food Corporation of India sells 9.2 LMT wheat in two days of e- auction

1150 bidders participated in the e auction In order to address the rising price of wheat and Atta in the country, as per the recommendation made by the Committee of…

Union Budget 2023: Govt announces Agriculture Accelerator Fund to encourage start ups

The fund is aimed at building innovative and effective agritech solutions for farmers to improve access to market linkages and yields. Finance Minister Nirmala Sitharaman today announced in her Union…

BAL records consolidated revenue of Rs 327.8 Cr in Q3 FY23

Q3 PAT at Rs 30.61 up 101 percent from Rs 15.23 crore last year. Best Agrolife Ltd. the leading agrochemical company in India, declared financial results for Q3FY23 in its Board of…

Snowman Logistics reports revenue of Rs 109.39 Cr in Q3 FY22-23

Profit After Tax (PAT) increased to Rs 3.74 Crores in Q3 FY22-23 from Rs 0.83 Crore in the corresponding quarter of the previous year. Snowman Logistics records 49 per cent…

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