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Finance

Agri ministry signs MoU with UNDP on crop insurance and credit

UNDP will provide responsive, demand-driven technical assistance for effective implementation of agriculture credit and crop insurance The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India and the United…

NanoBio Designs secures $100,000 funding to set up its laboratory presence in Indiana

The Purdue Ag-Celerator funding allows NanoBio Designs to collaborate with Purdue and industry partners to commercialize the ExpresSeed platform NanoBio Designs LLC, a company that provides grain distributors and seed…

Leading oil PSUs sign tripartite-cum-escrow agreement for upcoming dedicated ethanol plants

The agreement is designed to ensure that payment received by ethanol plants is utilised for servicing the finance extended by these banks The Oil Marketing Companies (OMCs) – Bharat Petroleum…

GI tag sought for three Tamil Nadu-based products

Puliyankudi acid lime, Thooyamalli rice and have applied for the tag Three Tamil Nadu-based products — the Puliyankudi acid lime, Thooyamalli rice and Virudhunagar sambha vathal (Chilly) have applied for…

Bayer Crop Science records 21.6 % sales growth in Q1FY 22

Bayer’s sales grew by double-digit percentages in all regions and achieved particularly strong growth at Herbicides (Fx & portfolio adj. 59.8 per cent) and Fungicides (Fx & portfolio adj. 18.6…

BASF India registers PBT of 7,473.6 M for FY 2021-22

For the quarter ended on March 31, 2022, the company has registered PBT at Rs 1,785.1 million BASF India registered sales of Rs 130,997.3 million for the financial year ended…

UPL witness robust growth of 24% in revenues in Q4 FY22

 Company records Net Profit of Rs 3,626 crore in FY22, up 26% YOY Agrochemical major, UPL Ltd., today reported financial results for the fourth quarter of FY22 (Jan-Mar 2022). Q4…

Syngenta Group (HK) secures USD 4,500 Mn Sustainability-linked term loan

As a sustainability-linked term loan, it is the largest of its kind in the Asia Pacific loan market On 26 April 2022, Syngenta Group (HK) Holdings Company Limited has entered…

Mahindra signs MoU with J&K Bank to provide affordable loans for farm equipment

J&K Bank will provide financing to prospective customers who can avail affordable and hassle-free financing facilities on Mahindra branded tractors and farm machinery, via its branches. Mahindra & Mahindra’s Farm…

Syngenta posts first quarter sales to $8.9 Bn in Q1 of 2022

First-quarter EBITDA for 2022 increased 25 per cent to $1.9 billion Syngenta Group has announced the results for the first quarter of 2022. First quarter sales increased to $8.9 billion,…

Coromandel International posts total income of Rs 4,294 Cr in Q4 

The EBITDA for Q4 was Rs 272 crore registering an increase of 20 per cent over Q4 of previous year The Board of Directors of Coromandel International has approved the financial results…

Yara posts Q1 income of $1039 M

The first-quarter EBITDA excl. special items was posted at $1,346 million Leading crop nutrition company Yara has posted first-quarter operating income of $1,039 million compared with $322 million a year…

Rural vehicle marketplace Tractor Junction raises $5.7M in seed funding

Tractor Junction plans to use the funding from Info Edge Ventures and Omnivore for launching physical stores for used tractor transactions across Northern India. India’s leading rural vehicle marketplace, Tractor…

Agri-tech startup Poshn raises Rs 28.8 Cr

The funds will be used to digitise wholesale commodity trading Poshn, a platform for wholesale processed commodity distribution & financing has raised Rs 28.8 crore in seed funding, led by…

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