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Finance

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…

Hester Biosciences posts Q4FY21 net profit at Rs 8.86 Cr

Net sales for the Q4FY21 was reported at Rs 63.16 crore Leading animal healthcare company, Hester Biosciences reported a standalone net profit of Rs 8.86 crore for the quarter ended…

Agritech start up Fyllo secures Rs 3 Cr in funding round  

 Funds will be used for expansion to new markets and research and development to support more crops.       Bangalore based agri-tech start up Fyllo, has raised Rs 3…

Sonalika records 8876 tractors sales in May 2021

Sonalika has sold overall 8876 tractors in May’21 with 14.1% overall market share In the month of May 2021, India’s fastest growing tractor brand Sonalika Tractors remained committed towards the…

Egreens sets up Rs 150 million agritech early stage fund

Investments to strengthen value-chain of own food retail brand, VegEase Egreens announced a Rs 150 million fund for early-stage, agri-tech startups in India. Egreens will focus on startups that use…

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