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Finance

Bank of Baroda inks MoU with Mahindra & Mahindra for tractor finance

MoU will give a boost to agri business and will help farmers in availing hassle-free credit facilities for buying tractors  In order to boost agriculture finance, state-owned Bank of Baroda…

Rallis India reports 3% drop in Q2 revenues despite strong domestic performance

The Company recorded consolidated revenues of ₹725 Cr for the quarter ended 30 September,2020.    Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri-inputs industry…

Ag Ministry launches Ayushman Sahakar scheme under NCDC

NCDC’s scheme aligns itself with the focus of the National Health Policy, 2017, covering the health systems in all their dimensions- investments in health, organisation of healthcare services, access to…

ADAMA announces net income estimate for Q3 and first nine months of 2020

The Company’s reported net income in Q3 and nine-month period are expected to reflect around $18 Mn and $63 Mn, respectively.     ADAMA Ltd.  has announced an estimate regarding…

B2B agri-marketplace Ninjacart secures funding from Walmart and Flipkart  

The financial details of investment was not disclosed.         B2B agri-marketplace Ninjacart, has raised money in a follow-on round of funding from US retail giant Walmart Inc…

Smart Agriculture Market is projected to reach $29.23 billion by 2027: Report

Lack of laborers, increased need for improved yield, and disruption in farm operations have increased the demand for smart agriculture. As per the report by Allied Market Research (AMR), the…

RBI excludes farm loans from resolution framework

Farm credit exposures of all lending institutions, including NBFCs, are excluded from the scope of the resolution framework Reserve Bank of India has recently released a set of frequently asked…

BASF sales declined by 5% in the Q3 FY 2020  

Due to non-cash-effective impairments and provisions for restructuring, below analyst consensus         BASF has released preliminary figures for the third quarter of 2020. Sales declined by 5%…

Singapore based seafood start up Shiok Meats raises$12.6 Mn from Aqua-Spark  

Shiok plans to use the funds to launch its minced shrimp product in 2022.    Aqua-Spark, the first investment fund focused on sustainable aquaculture, announced an investment in Shiok Meats…

Ergos secures Rs 38.5 crore in Series A funding round  

Chiratae Ventures led the Series A round with an investment of Rs 23.5 crore, while Aavishkaar Capital invested Rs 15 crore    Agri-tech start up Ergos Business Solutions has announced…

Nabventures, Omnivore invests in agrotech startup Krishitantra

Krishitantra aims to optimize fertilizer application for farmers Hyderabad-based Krishitantra, a soil-tech platform has recently announced that it has raised $1 million in its seed round of funding from agritech-focused…

Sonalika tractors posts 46 % growth in sales in September

Domestic sales grew 51.4 % to 16,000 units in September 2020   Sonalika Tractors has reported a 46 per cent year-on-year jump in overall tractor sales to 17,704 units, including…

Agritech start up Unnati secures 1.7 Mn $ from Nabventures Fund  

The company will use funding to introduce digital technologies to farmers in India.    Noida based agritech startup Unnati announced that it has raised USD 1.7 million (about Rs 12.5…

 Agri-finance start up Samunnati secures $20 million in debt from US International DFC  

The debt capital will be used to sanction loans to FPOs and small and medium agribusinesses         Agriculture finance start up Samunnati has raised $20 million  in…

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