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Finance

BASF launches e3 Sustainable Cotton Grower Fund

Funds will be distributed equally to e3 sustainable cotton farmers, which is in addition to a $2.50 per bale premium BASF provides to farmers enrolled in the program.   BASF…

Bayer CropScience posts Rs 9,182 Mn Q3 FY 20-21 revenue

Bayer CropScience earned revenue from operations of ₹9,182 million, as compared to ₹8,540 million in the corresponding period of FY 2019-20 Bayer CropScience Limited has announced its unaudited results for…

TenderCuts secures Rs 110 Cr to scale up supply chain  

Company will invest in scaling up its supply chain and technology infrastructure to support innovation and accessibility of its products and services Chennai based Omnichannel meat and seafood brand TenderCuts…

CNH Industrial’s Q4 2020 consolidated revenues up 10 per cent

Adjusted EBIT of Industrial Activities increased $219 million, with stronger performance from all segments compared to Q4 2019. CNH Industrial reports strong results for Q4 2020. Consolidated revenues of $8.5…

DFPCL performance soars in 9 months despite COVID-19 challenges  

DFPCL has registered a remarkable growth in EBITDA of 100% y-o-y and PAT of over 190% y-o-y for the quarter.    Deepak Fertilisers & Petrochemicals announced the financial results for…

Godrej Agrovet Q3 FY21 profit up by 28.4%

For the third quarter ended December 31, 2020, company reported consolidated total income* and consolidated profit before tax* of Rs.1, 536crore and Rs.87crore, respectively. Godrej Agrovet Limited has reported its…

Gramcover launches ’Parametric’ Weather Shield insurance for farmers 

The company tracks different parameters like high temperature, low temperature, high relative humidity, low relative humidity, high rainfall, low rainfall and high wind speed.   Solving for the century-old problem,…

Coromandel International posts 26% Q3 FY 20-21 net profit gain  

Farm connect initiatives, increased operational efficiencies, smart sourcing and better working capital management contributes in growth    Agribusiness major Coromandel International has posted a consolidated net profit of ₹334 crore…

Mahindra & Mahindra registers 50% growth in Jan tractor sales

Domestic sales in January 2021 were at 33,562 units, as against 22,329 units during January 2020 Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4…

Sonalika clocks highest ever January sales volume

The company registered the highest ever overall January sales volume of 10,158 tractors, which is well above 7,220 tractors sold in January 2020. After starting the year on a high…

Agriculture sector clocks 3.4% growth in 2020-21: The Economic Survey  

The Economic Survey notes that in 2019-20, India’s agricultural and allied exports amounted to approximately Rs. 252 thousand crores.    India’s agricultural sector has shown its resilience amid the adversities…

Hester Biosciences Ltd posts Rs. 13.29 Cr PAT for Q3 FY21

Poultry Healthcare division and Animal healthcare division posts 32 per cent and 4 per cent growth Leading animal healthcare company, Hester Biosciences Ltd reported net profit of Rs. 13.29 crore…

FM sets agriculture credit target at Rs 16.5 lakh Cr for FY 2021-22

Finance Minister, Nirmala Sitharaman in her Budget 2021 speech stated that the MSP for paddy has been doubled in FY 2021-22. Around1.54 crore farmers have benefited from MSP in paddy…

NRGene, Israel completes IPO on the TASE, raises $30 Mn  

The funds will be used to accelerate our growth, expand the company’s market share and create long-term collaborations.   Israel-based NRGene, an AI-based genomic company operating in the agricultural and…

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