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Finance

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…

nurture.farm ties up with SBI GI and FGII to expand its insurance solutions for farmers

The partnership to enable the companies to build smart insurance solutions for farmers to ensure financial safety and resilience and expand rural gig-economy Bengaluru based nurture.farm, India’s leading AgTech startup…

Vegrow secures $25 Mn in a Series B round from Prosus Ventures

The funds will primarily be used for expansion into more demand centres, establishing dominance across supply micro-pockets and hiring B2B marketplace for fruits Vegrow has received $25 million in a…

Union Min Parshottam Rupala to review the progress in issuance of KCC to poor farmers

The Minister suggested that KCC should be given to people from Maldhari (Ghumantu) Community, who do not stay in one place and have no collateral security to offer Union Minister…

Rivulis announces a US$250 Mn Financing Package led by HSBC with leading global financial institutions

The Financing Package will allow Rivulis to re-finance its own debt and also re-finance the debt of the International Irrigation Business (“IIB”) of Jain Irrigation (India) Rivulis Pte. Ltd. (“Rivulis”)…

Wingsure, AICIL to provide digital management services to farmers using AI

The partnership will have access to more than 40 million farmers in India and focus on transforming how farmers mitigate and adapt to climate change and other livelihood related risks Agriculture Insurance…

Phospholutions, Inc. secures additional funding from global Ag companies

The recent funding includes investment from Ospraie Ag Sciences (OAS), Bunge Ventures, the for-profit, global investment arm of Bunge and UPL Ltd. Phospholutions Inc., a leader in sustainable fertilizer technology,…

Centre approves Rs100 Cr mangoes mega cluster in Lucknow

The mangoes in this cluster will be known as ‘Kakori brand’ During the inauguration of ‘Uttar Pradesh Mango Mahotsav-2022’, Uttar Pradesh Chief Minister Yogi Adityanath announced that the Centre has…

Samunnati enters into co-lending partnership with SBI for financing FPOs

This partnership will enable Samunnati to scale its outreach to FPOs with customised financial solutions at affordable interest rates, leveraging the vast resources available with SBI Samunnati, India’s Open Agri…

SK networks’ Hico Capital invests in a US tractor automation solution provider

Total funding amount is $17 million which will be used to fund commercialisation and continued development the technology Hico Capital, a subsidiary of SK networks based in US, has invested in a…

Cabinet approves computerisation of PACS

The initiative will serve the purpose of financial inclusion and strengthening service delivery to farmers The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved…

57 Stars invests in agri-tech platform WayCool

The investment is the first transaction for 57 Stars Direct Impact Fund and the second investment for 57 Stars Global Innovation Fund 2 57 Stars LLC, an independent global alternative…

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