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Finance

Sonalika records 30.6% growth in Q1 tractor sales

Sonalika Tractors is fully geared up to launch maximum new tractors even in FY’22 Sonalika Tractors has quashed all records to clock the highest ever Q1 cumulative tractor sales at 33,219…

Solvay completes acquisition of Bayer’s global seed coatings business

The acquisition strengthens Solvay’s existing seed care portfolio in bio-based, seed-applied solutions; enables reinvestment opportunities for Bayer Solvay and Bayer have recently announced the successful closing of Solvay’s previously announced…

Mahindra records sell of 46875 tractors during June 2021  

Domestic sales in June 2021 were at 46875 units, as against 35844 units during June 2020.    Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group,…

Union agri minister Narendra Singh Tomar flags off Crop Insurance Awareness Campaign

The agriculture minister flags off IEC vans which will continue to engage the farmers on the PMFBY throughout the crop insurance week Union Minister of Agriculture & Farmers Welfare Narendra…

Gourmet Garden raises Rs 25 crores in latest round of funding

The startup aims to expand their zero-contamination farming operations, broaden the portfolio with additional fresh categories Gourmet Garden has announced its latest round of funding of Rs 25 crores led…

Finance minister announces revival package for NERAMAC

A total of Rs 77.45 crore will be provided NERAMAC North Eastern Regional Agricultural Marketing Corporation (NERAMAC) was mentioned by Finance Minister (FM) Nirmala Sitharaman at the recently held press…

FM announces subsidy of Rs 14,775 Cr for DAP & P&K fertilisers

The existing NBS subsidy was Rs 27,500 crore in FY 2020-21 which has been increased to Rs 42,275 crore in FY 2021-22 Union Finance & Corporate Affairs Minister Nirmala Sitharaman…

Samunnati launches FPOnEXT, network for FPO finance

The network aims to provide access to financial solutions, market linkages, and value added services to the FPOS   Chennai-headquartered NBFC Samunnati has launched FPONEXT – an exclusive network of…

APEDA to continue financial assistance under APFEP Scheme till June 30 

New proposals under existing schemes will be invited for approval of financial assistance which will have to be completed by June 30, 2021.   According to office Memorandum no. F.…

United Nations WPF, Cargill to provide risk management skills to farmers in China

The holistic agriculture risk management project is a three-year pilot initiative The United Nations World Food Programme (WFP) and the global agribusiness company Cargill have jointly launched the Holistic Agriculture…

CNHI to acquire 100% capital stock of Raven Industries

The transaction will be funded with available cash on hand from CNH Industrial. CNH Industrial (CNHI) has entered into an agreement to acquire 100 per cent of the capital stock…

Insecticides(India) Limited registers PAT of Rs 93 Cr in FY2021

EBITDA was at Rs 152 crores showing a decline of 2.3 per cent, in the same quarter Insecticides(India) Limited (IIL), announced its financial results for the fiscal quarter and full-year…

KVIC registers record turnover in FY 2020-21 despite COVID-19 pandemic

The record performance assumes great significance as production activities remained suspended for more than three months during the nationwide lockdown Khadi and Village Industries Commission (KVIC) has recorded its highest-ever…

AMUL Micro ATM payment centre opens in Rajkot

Under the project around 4,000 village milk cooperative societies across Rajkot, Surat, Bharuch and Surendranagar districts were surveyed Anandpara Village Dairy Co-operative Society of Rajkot has installed the first Micro…

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