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Finance

High production & decline in exports likely to affect Cotton prices

According to the estimate of Cotton Corporation of India (CCI), cotton production is likely to increase 13.6% to 35.5 million bales (170kg) for the October 2019-to-September 2020 season   High…

NABARD to raise Rs 35,000 crore for agricultural development

NABARD still has headroom to raise about Rs 35,000 crore from the market to fund its business growth and also support various agricultural and rural development schemes of the government…

NCDEX launches India’s first Agri-Index

The National Commodity and Derivatives Exchange has launched India’s first agri index — ‘NCDEX Agridex’, for easy reference to price variations in agricultural commodities. Agridex is launched with a composition…

NABARD takes up 14 Agriculture sector projects in Andaman and Nicobar

The National Bank for Agriculture and Rural Development has taken up 14 projects in the agriculture sector in the Union territory of Andaman and Nicobar Islands with a total refinance…

Agri-Tech firm Fasal raised $ 1.6 million for expansion

Agricultural technology firm Fasal has raised $1.6 million (Rs 11 crore) in its seed round of funding led by impact investor Omnivore Agricultural technology firm Fasal has raised $1.6 million…

IFAD to invest US$ 30 million in Samoa for Small scale farming

IFAD invests US$ 30 million in Samoa to make small-scale farming and fishing more profitable and climate-proof The International Fund for Agricultural Development (IFAD) and Samoa have signed a financing…

SABC seeks exemption of GST on farm Inputs

SABC requested Union Finance Minister to exempt GST on farm in-puts like fertilizers, pesticides, tractor, micro- nutrients and agricultural equipment to decrease the financial burden of smallholder farmers The South…

Bayer opens application window for Grants4Traits™ and Grants4Biologicals™

Initiative offers financial support for novel approaches and enabling technologies in crop research Bayer announced that it has opened the application window for its Grants4 initiative. First introduced in 2015,…

FruitSpec secures $4M investment for yield estimation solution

Recent field and commercial operations demonstrate >95% accuracy rate for FruitSpec’s yield estimation FruitSpec, a portfolio company of The Trendlines Group Ltd. is pleased to announce that it has completed an investment…

Herbalife Nutrition, Maharashtra Govt. to develop water resources in the state

The initiative to help over 1000 families, farmers and horticulture communities in the region Herbalife Nutrition, the global leader in nutrition, signed a Memorandum of Understanding (MoU) with the Government…

NABARD calls for coordinated efforts for Food Export to Increase Farmers’ Income

The senior officials of the State Governments, Commodity Boards and other stakeholders made presentations on their initiatives in increasing the agricultural exports and integrating the export value chain with the…

Godrej Agrovet reports financial performance for the quarter ended June 30, 2019

Standalone profit before tax was Rs.102 crore which was lower as compared to the previous year by 7.0% For the first quarter ended June 30, 2019, company reported standalone total…

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