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Finance

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…

Agri-Insurtech startup IBISA raises seed funding from Ankur Capital

IBISA is scaling its operations in India with operations in Odisha, Karnataka, Telangana for coverage against excess rainfall, excess wind speed and drought.  Agri insurtech startup IBISA announced that Ankur…

Hester Biosciences reports net profit of Rs 3.56 Cr in Q1 FY23

Health Products sales constituted 34 per cent of the total sales in Q1 FY23, versus 20 per cent in Q1 FY22. One of the India’s leading poultry and animal vaccine…

DCM Shriram Ltd posts 46% rise in net revenue in Q1FY23

Company has registered Rs 2,851 crore net revenue from operations in Q1FY23 compared to Rs 1,957 crore in Q1 FY22.  DCM Shriram Ltd. announced its Q1 FY23 financial results. Company…

Shree Renuka Sugars posts 141% rise in total income in Q1 FY23

Total Income higher by 141%, driven by volume and price growth, with refinery and distillery segments being the major contributors. Shree Renuka Sugars Limited – one of India’s largest sugar…

Corteva reports 11 % growth in net sales in First Half 2022      

 Volume gains were driven by continued penetration of new products, including EnlistTM and ArylexTM herbicides and OnmiraTM fungicide, and strong early demand in Latin America Agrochemical major, Corteva, Inc.  has…

Praj Industries announces PAT at Rs 41.26 Cr in Q1 FY23

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore) Pune based Praj Industries (Praj), a globally leading process engineering company with…

Best Agrolife posts a 34.6% rise in consolidated revenue in Q1 FY23

The company recorded revenue of Rs 463.7 crores in Q1 FY23 as against Rs 344.6 crores in Q1 FY22.  Best Agrolife Ltd, India’s fastest-growing agrochemical company has reported strong financial…

PI Industries posts Rs 262.4 Cr consolidated PAT in Q1 FY2023

The company has reported total income of Rs 1567.3 crores during the period ended June 30, 2022 as compared to Rs.1221.5 crores during the period ended June 30, 2021. Agrochemical…

Full-stack nuts and dry fruits brand Farmley raises $6 Mn in Series A Funding

The round was led by DSG Consumer Partners and Alkemi Growth Capital alongside existing investors Omnivore, Insitor Partners, and other angel investors. Farmley, a full-stack nuts & dry fruits brand,…

Arable raises $40 Mn to accelerate sustainable agriculture

The funding will be used to advance climate resilience in agriculture by accelerating product development.  US based Arable, the leader in field intelligence for agriculture, announced that it has raised…

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