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Finance

Mahindra & Mahindra’s domestic tractor sales hits 20,138 mark in August 2022

The company’s domestic sales in August 2022 were at 20,138 units, as against 19,997 units during August 2021. The total tractor sales including domestic and exports during August 2022 were…

BRI, PT Syngenta Indonesia collaborate to provide financial services for farmers

PT Bank Rakyat Indonesia (Persero) Tbk has collaborated with PT Syngenta Indonesia to provide financial services for farmers through the CENTRIGO™ Farming Ecosystem.  The end-to-end ecosystem, aimed to support farmers’…

Indian agri and processed foods exports climbs 30% in Apr-July 2022

According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of agricultural and processed food products increased to USD 9598 million…

Agri fintech startup Ayekart secures $5.5 Mn in debt and equity

 The funds will be utilised to provide financial and technological assistance to elevate traditional agri businesses Agri-fintech startup Ayekart announced that the company has secured $5.5 million in equity and…

Telangana, IISc Bengaluru to create India’s first Agricultural Data Exchange

The Government of Telangana and the Indian Institute of Science (IISc), Bengaluru, have announced the signing of an agreement to jointly create India’s first Agricultural Data Exchange (ADEx). ADEx will…

Boosting coconut farming will enhance farmer’s income and economy:Tomar

Narendra Singh Tomar, Union Minister for Agriculture and Farmers Welfare, recently inaugurated the sixth State Centre of Coconut Development Board at Junagadh in Gujarat. Tomar also inaugurated the 24th World Coconut…

B2B food processing platform Suite42 raises $4.3Mn from Omnivore and Orios

Company plans to develop the “Suite42 Standard” in the food processing ecosystem and pilot cross border trade exports Suite42, a B2B food processing platform, announced today that it has raised…

Central African nation Burundi gets eleven new and improved rice varieties

Recently, the Institut des Sciences Agronomiques du Burundi (ISABU) released eleven new and improved rice varieties that are resilient to climate change, disease-tolerant, high yielding with great nutritional value, and…

Insect biotech startup Loopworm raises $3.4 Mn funding seed round

Loopworm plans to use the Seed funding for talent acquisition, R&D (including building world-class laboratories), and to launch their first factory for scaling up production. India’s leading insect biotech startup,…

Vive Crop Protection secures USD $26 Mn in Series C investment round

Company plans to accelerate the commercial deployment of its next-generation product portfolio into new North American markets. Toranto based Vive Crop Protection announced the close of its USD $26 million…

GreenLight Biosciences announces $109 Mn financing

The funding will enable company’s delivery of the first-ever externally applied RNA for crop protection US based GreenLight Biosciences, a public benefit corporation striving to bring effective and safe solutions to…

Govt approves interest subvention of 1.5% per annum on short term agriculture loan

It will ensure sustainability of credit flow in the agriculture sector as well as ensure financial health and viability of the lending institutions. The Union Cabinet, chaired by the Prime…

IG Fresh Produce plans to invest Rs 100 Cr in Arunachal Pradesh for Kiwi cultivation

 The project would generate employment for 500 people and boost the production, sale, and export of kiwi and other fruits from the region. Chandigarh-based IG Fresh Produce, a subsidiary of…

Rashtriya Chemicals and Fertilizers posts consolidated net profit Rs 299.60 Cr in Q1 FY23

Company has posted total income of Rs 5017.41 crore in Q1 FY23 against total income Rs 2417.24 crores in Q1 FY22 registering a growth of 107.57 per cent. Rashtriya Chemicals…

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