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Finance

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…

Budget 2021: Indian agri growth rests on pivotal transformation                                                  

By Randhir Chauhan, Managing Director, Netafim India and Senior Vice President, Netafim Ltd   The Indian agriculture sector accounts for close to 16 percent of the country’s GDP, uses nearly…

DCM Shriram’s Q3 FY20-21 net profit up by Rs 252.55 Cr

The company has posted net profit of Rs.252.55 crores for the period ended December 31, 2020 as against net profit of Rs.174.35 crores for the period ended December 31, 2019.…

Agritech DeHaat bags $30 mn in Series C funding led by Prosus Ventures  

With the Series C investment, the company plans to strengthen the technology platform and expand geographically to other parts of India.     Based in Gurgaon and Patna, Agritech start up…

Rallis India posts 7% growth in Q3 consolidated revenues

Domestic crop care business grew by 15% and seeds business by 38% albeit on a smaller base. Rallis India Limited, a TATA Enterprise and a leading player in the Indian…

Indian start ups and unicorns should become global giants: PM Modi

The launch of startup India seed fund intend to provide opportunities for new start-ups to flourish in the country Prime Minister Narendra Modi has recently announced the launch of a…

Ergos secures $3 Mn from UK based CDC in Series-A round

 Company aims to extend post-harvest support to small and marginal farmers on storage, credit and market linkages at farm-gate.    Agritech start-up Ergos announced that it has received Rs 22.5…

Samunnati raises Rs 90 Cr in debt to provide loans to FPOs, agri-businesses

FMO and Triodos IM have committed EUR 5 million each in debt to Samunnati Financial Intermediation & Services Pvt Ltd. Agritech start up Samunnati has announced that it has raised…

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