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Finance

UPL posts 27% growth in revenue of Q1 FY23

Better product realisations, favourable exchange rate, and higher volumes contributed to revenue growth in Q1 FY23. Agrochemical major, UPL Ltd has reported financial results for the first quarter of FY23…

Bayer to acquire majority share in lower carbon oilseed producer CoverCress Inc.

 It will help the company to gain new revenue streams through potential commercialization of oilseed crop for renewable fuels and livestock feed with ecosystem benefits. Bayer and Chevron U.S.A. Inc.…

Mahindra reports sell of 21684 tractors in India in July 2022

Total tractor sales (Domestic + Exports) during July 2022 were at 23307 units, as against 27229 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Agri-genomics start up Piatrika Biosystems secures 1.2 Mn in seed funding 

 Seed funding was led by Ankur Capital to build a platform for the discovery of new sustainable crop varieties. India/UK-based Agri-Genomics start up, Piatrika Biosystems has raised $1.2 million in…

Sharda Cropchem posts consolidated profit of Rs 22.6399 Cr in Q1 FY23

The company has posted net profit / (loss) of Rs.22.6399 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.38.0630 crores for the period…

UM6P Ventures invests in Akorn Technology to minimise post-harvest food loss

Akorn Technology will use the initial investment to scale up manufacturing and support customer trials on a broad range of crops. Morocco based UM6P Ventures announces its investment in Akorn…

Govt to roll out programmes in the country and abroad for popularizing Millets: Union Ag Minister

The action plan of International Year of Millets -2023 focuses on strategies to enhance production, consumption, export, branding, etc. Government plans to hold several programmes in the country and abroad…

Anupam Rasayan India post 33 % growth in Q1 FY23

Total revenues stood at Rs 297.1 crore in Q1 FY23 as compared to Rs 238 crore in Q1 FY22, registering a growth of 25 per cent Y-o-Y. Anupam Rasayan India…

Safex Chemicals envisions becoming a 1000 Cr company by the end of FY22

Company has clocked a glorious growth journey by registering a revenue worth Rs 782 Cr during FY21. Safex Chemicals, the nation’s leading Agrochemical Company, has clocked a glorious growth journey…

Mahindra hikes stake in Finland based Sampo Rosenlew Oy to 100%

The consideration will be paid in cash and the 1,317 equity shares of Sampo are being acquired at a price of euro 3,333 per share aggregating euro 43,89,561 (Rs 35.57…

ADAMA estimates sales growth of 22% in USD terms in Q2 FY 2022

Expected strong growth was primarily driven by a significant, double-digit increase in prices  ADAMA Ltd.  has provided an estimate regarding its financial performance for the second quarter and first half…

Amul achieves turnover of Rs 61,000 Cr in its 75th year

 Company’s milk procurement has increased by a phenomenal 190 per cent over the last 12 years. Amul cooperative movement celebrated its 75th anniversary by achieving group turnover of Rs. 61,000…

Rallis India posts Rs 863 Cr revenues in Q1 FY22-23

 Company witnessed a strong growth of 16.5 per cent in revenue on the back of 17.1 per cent growth in domestic crop care business and 51 per cent growth in…

Ag Ministry releases an equity grant of over Rs 37 crore to 1,018 FPOs

The grant will benefit about 3.5 lakh farmers leading to the goal of setting up of 10,000 FPOs.  The Union Minister of Agriculture and Farmers Welfare, Narendra Singh Tomar released…

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