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Finance

Agritech start up VeGrow raises 2.5 Mn seed funding from Ankur Capital  

Better Capital, Titan Capital, ITC agribusiness CEO Sanjiv Rangrass also participated in the round       Agritech startup VeGrow has raised $2.5 Mn in seed funding led by Matrix…

NABARD funds SHGs for digitisation in Karnataka

NABARD disbursed RS 2.51 crore to SHGs for, skill development and digitization of records.   The National Bank for Agriculture and Rural Development (Nabard) in Karnataka has disbursed ₹2.51 crore…

IFFCO reports highest net profit of ₹1,005 crore in FY20

 IFFCO has recorded net profit of ₹1,005 crore in FY20 as against ₹842 crore during FY 2018-19   Fertiliser cooperative Indian Farmers’ Fertiliser Cooperative (IFFCO) has announced all-time high production,…

FACT posts highest net profit increase in 2019-20

Imports additional fertilizers to meet growing needs of farmers The performance of Fertilizers and Chemicals Travancore Limited (FACT) particularly in the areas of production and marketing is shown marked improvement…

Centre constitutes pan India ’Agri- Infrastructure Fund’

Rs 10,000 crore sanctioned for the current year A new pan India Central Sector Scheme-Agriculture Infrastructure Fund has been approved by the Union Cabinet chaired by PM Narendra Modi, to…

Farmers assured of barrier-free trading, remunerative prices: Union Agri Minister

KVKs and scientists can help marginal farmers immensely Laying the foundation stone through video-conference of the administrative building of the Krishi Vigyan Kendra (KVK) at Dataganj, Badaun in UP, Union…

SHAKE Climate Change Fund announces its first investment ventures

SHAKE funds and trains entrepreneurs and start-ups with innovative solutions to tackle climate change linked to the agri-food sector   The £3.5 m SHAKE Climate Change Programme has announced its…

Union Agri Min to create 10,000 FPOs to transform rural sector

To benefit small, marginal and landless farmers To strengthen the rural economy consisting of 86 percent small and marginal farmers, Union Agriculture & Farmers’ Welfare Minister, Narendra Singh Tomar has…

Sharda Cropchem reports 34.10% rise in net profit in Q4 FY20  

The sales of the company rise 14.71% to Rs 875.56 crore in March 2020.         Net profit of Sharda Cropchem rose 34.10% to Rs 141.65 crore in…

Zuari Agro posts net loss of Rs 304.60cr in Q4 FY20

 Morocco based OCP Group to invest $46.5M in Zuari Farmhub Limited The fertilizer company Zuari Agro Chemicals traded on a negative note during Monday’s trading session after the company announced…

Gujarat State Fertilizer reports a decline of 37 % in Q4 profit

In 2019-20, the company’s PAT declined by 77.76 per cent to Rs 109.65 crore as compared to Rs 493.13 crore in FY19.   Gujarat State Fertilizer and Chemicals (GSFC) posted…

RCF records sales value of Rs 100 cr during April-May 2020

Industrial chemical segment accounts for nearly 7% of the annual sales reported by the company in FY20.   Rashtriya Chemicals and Fertilizers (RCF) registered sales of Rs100cr for its industrial…

Fertiliser Association of India urges the Govt to release the pending subsidy payments  

Govt is yet to release fertilizer subsidy dues of ₹48,000 crores in FY 20- 21      Although the arrival of southwest monsoon has makes the farm sector looks rosy,…

Jai Kisan raises Rs 30 crore in Pre-Series A funding

Focuses on strategic recruitment, process management Mumbai-based fintech platform Jai Kisan, which caters to the financial needs of customers in rural emerging markets has raised Rs 30 crore in a…

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