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Finance

India’s agriculture attains growth rate of 3.4% in Q1 FY2021

India’s rabi production in the 2019-20 crop year is estimated to be around 149.60 million tonnes Amid the GDP performance of all sectors, agriculture has achieved a bright spot by…

NACL Industries posts 293.66 % rise in net profit in Q1 FY21    

The consolidated net profit in Q1FY21 came in at Rs 5.59 crore, which rose by 293.66 per cent, as compared to Q1FY20, when it reported a profit of Rs 1.42…

ITC posts 3.7% growth in agri business 

Company’s standalone financial results for Quarter ended June 30, 2020     ITC’s agri business recorded a growth of 3.7% in Segment Revenue driven by trading opportunities mainly in oilseeds…

Maersk records strong performance in Q2 2020

Company’s operating earnings improved by 25 per cent marking the 8th consecutive quarter with Y-Y improvements        In Q2 2020, A.P. Moller – Maersk improved profitability across all…

PDIL achieves highest ever profit in FY 2019-20

The highest ever profit before tax of Rs 45.85 crore in 2019-20 as against Rs. 37.22 crore in 2018-19 Projects & Development India Ltd (PDIL), a Government of India Undertaking…

ICICI Bank to use innovative technology to assess credit worthiness of farmers

Pilot study done in 500 villages. Scheme to be scaled up to 63,000 villages soon   Private sector lender ICICI Bank will use satellite data—imagery from Earth observation satellites—to assess…

WayCool receives US$ 114K from Dutch development bank FMO  

The grant will be used to support farmers with PPE kits and soil testing kits       FMO, the Dutch entrepreneurial development bank, has allocated a grant of US$…

Seafood supply chain start-up Captain Fresh bags 2.3 million pre-series A funding  

The Pre-Series A funding was led by Ankur Capital with participation from Incubate Fund India and Angel investors.   Seafood Supply Chain (B2B) start up Captain Fresh, has raised $2.3…

Best Agrolife Ltd reports 77 % increase in profit in Q1 FY2021.  

 The Profit almost tripled from Rs 5.46 crore (Q1 FY1920), to Rs 16.21 crore (Q1 FY2021)       Best Agrolife Ltd., a leading global player in the agrochemicals sector…

Insecticides India posts 33 % drop in Q1 net profit FY21

 Profit after tax is at Rs 24 crore in the first quarter of current fiscal from Rs 36 crore in Q1 FY20.   Agrochemicals manufacturer Insecticides India has reported a…

Sharda Cropchem posts 22.54 % rise in consolidated profit in the June 2020 quarter

Sales declined 7.53 per cent to Rs 388.90 crore in the quarter ended June 2020 as against Rs 420.57 crore during the June 2019.     Net profit of Sharda…

NABARD Assam recognises 46 primary co-op societies for financial support  

 It will help in creating post-harvest infrastructure in villages and rural areas to generate employment opportunities       National bank for agriculture & rural development or NABARD Assam in…

5 States exit PM crop insurance scheme

High premium cost and insurers’ reluctance to settle claims cited as the reason   The Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship insurance scheme of PM Narendra Modi for the…

Agritech start up BigHaat secures $2 mn from Beyond Next Ventures  

Bengluru based start-up has set a target of reaching 10 million farmers in the next two years.        Bengluru based agritech start-up BigHaat has raised $2 million in…

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