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Finance

Heritage Foods’ reports consolidated PAT of Rs 303 M in Q1 FY2022

Appoints Srideep Nair Kesavan as Chief Executive Officer Heritage Foods, a leading private dairy player in India, announced its financial results for the first quarter ended on June 30, 2021.…

India’s PLI scheme expected to boost textile industry: Beroe

The scheme is expected to drive the production of textiles in India and find its way to the export markets The Indian government has taken several steps, including introducing the…

Record number of paddy farmers benefitted through MSP

The procurement of paddy at Minimum Support Price is done through the Food Corporation of India (FCI) and state agencies During Kharif Marketing Season (KMS) 2020-21, on MSP procurement of…

Acumen closes $58 M impact fund to support African agri biz

ARAF seeks to build an ecosystem of agribusinesses that improve farmers’ livelihoods and build their resilience to climate change The Acumen Resilient Agriculture Fund (ARAF), a first-of-its-kind equity fund that…

CCI open 450+ Procurement Centres in 12 cotton growing states during 2020-21  

CCI disbursed Rs. 26,700 Crores to around 19 Lakh Cotton Farmers       In cotton season 2019-20 (1.10.2019 to 30.09.2020), Cotton Corporation of India(CCI )opened 423 procurement centre in …

ATUL posts consolidated net profit of Rs 165.94 Cr in Q1FY22

The company has reported a total income of Rs 1109.82 crores during the period ended June 30, 2021 ATUL, an integrated chemical company, has recently posted its (Q1 FY 2021-22)…

Banas Dairy achieves Rs 12,982 Cr turnover in 2020-21

The Gujarat-based dairy has succeeded to generate this revenue in a very short time, proving its strong foothold in the current market Banas Dairy, a lifeline of cattle farmers and…

Incofin’s IPF achieves first close at Rs 450 Cr

The fund will make private equity investments in the agri food value chain and financial services in rural India Incofin IM announced the successful first close of the India Progress…

Amul registers Rs 53000 Cr turnover

The cooperative handled extra 35-40 lakh litres of milk, every day, during the pandemic period Amul cooperative movement has marked its 75th anniversary, by crossing group turnover of Rs 53,000…

Neogen posts 17 per cent more revenue than previous year in Q4

The fourth-quarter net income was $15,760,000 Neogen Corporation has announced the results for its fourth quarter and full 2021 fiscal year, which ended May 31, 2021. Revenues for the fourth…

B2B platform Vegrow secures USD 13Mn for expansion in 100 cities  

Investors Lightspeed Venture & Elevation Capital led the Series A funding round     Agritech startup Vegrow has raised USD 13 million from investors including Lightspeed Venture Partners and Elevation Capital…

NLM to focus on entrepreneurship development, breed improvement in livestocks

The dairy cooperatives and Farmer Producer Organisations engaged in dairy activities will be provided with 4 per cent interest subvention for meeting their working capital requirements National Livestock Mission (NLM)…

Pivot Bio raises $430 M in Series D funding

The funding will fuel the company’s accelerating release of disruptive products Pivot Bio, a leading nitrogen innovator in agriculture, announced the close of a $430 million Series D funding led…

Govt sets up ‘Dairy Investment Accelerator’ to promote the dairy sector

Animal Husbandry Infrastructure Development Fund (AHIDF) offers financial support to entrepreneurs, private companies, MSME and Farmers Producers Organizations (FPOs)   The Department of Animal Husbandry & Dairying (DAHD), Government of…

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