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Finance

PM to release 8th instalment of financial benefit under PM-KISAN scheme  

This will enable the transfer of more than Rs. 19,000 crores to more than 9.5 crores beneficiary farmer families.   Prime Minister Narendra Modi will release the 8th instalment of…

Bayer CS posts 6.4% sales growth in Q1,2021

Bayer lifted sales in its agricultural business (Crop Science) by 6.4 per cent to 6.646 billion euros, with particularly strong growth in the Latin America and Asia/Pacific regions.    The…

UPL Ltd post 15% rise in revenue in Q4 FY21

Company’s full year profit jumps 62% to Rs 2,872 cr.   UPL Ltd., global provider of sustainable agriculture products and solutions, reported robust financial results for the fourth quarter ended March…

IFFCO Kisan Sanchar sells 1 lakh tonne of cattle feed in FY21  

 Company also considering setting up its own feed manufacturing facilities to meet the rising demand.         Fertiliser major IFFCO’’s arm IFFCO Kisan Sanchar Ltd announced that it…

Space tech will help ensure to improve the productivity and profitability of Indian agriculture: Mark Kahn

Mark Kahn, Managing Partner, Omnivore Omnivore is an impact venture capital firm, based in India, which funds entrepreneurs building the future of agriculture and food systems. Omnivore pioneered agritech investing…

Godrej Agrovet posts consolidated income of Rs.6, 876.2 Cr in FY 2020

For the full year ended March 31, 2020, company reported consolidated total income of Rs.6, 876.2 crore which reflects year-on-year growth of 15.7%.   Godrej Agrovet Limited has reported its…

Ag Ministry allocates Rs 2250 Cr to boost horticulture sector    

Mission for Integrated Development of Horticulture’ (MIDH) covering fruits, vegetables, root and tuber crops, mushrooms, spices, flowers, aromatic plants, coconut, cashew and cocoa.     Keeping in view the huge…

CNH Industrial’s Q1 FY 2021 net income hits $425 Mn

Net sales of Industrial Activities of $7,043 million, up 41 per cent due to higher volumes, were driven by strong industry demand, particularly in Agriculture and Commercial and Specialty Vehicles…

Corteva posts 6% rise in net sales for Q1 2021

New product sales in Crop Protection increased more than $120 million compared to prior year. Corteva, Inc. has reported financial results for the three months ended March 31, 2021. Ongoing…

Precision AI raises $20 Mn to cut herbicide use

The Seed round was co-led by At One Ventures, and the Industrial Innovation Venture Fund of BDC Capital, with participation from Fulcrum Global Capital and Golden Opportunities Fund. Precision AI,…

Mahindra sells 26130 tractors in domestic market in April 2021  

Total tractor sales (Domestic + Exports) during April 2021 were at 27523 units, as against 4772 units for the same period last year        Mahindra & Mahindra Ltd.’s…

Coromandel International posts weak performance in Q4 FY21

Lower Fertilizer margin , higher RM cost and maintenance shutdowns drags down overall performance      Coromandel International (CRIN) reported a weak performance on the back of margin contraction in…

Centre continues old price of FCI rice for ethanol production

For FY 2021-22, Government has decided to continue the price of FCI rice to Rs 2000/quintal for the production of ethanol. With a view to supporting the sugar sector and…

Post-harvest start up Arya disburse Rs 280 Cr loans in FY 21

From Rs. 27 Crores in March’19, the company has seen a jump of 640 per cent till date.    Arya, India’s leading post-harvest Agritech player through its digital financial solutions…

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