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Finance

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…

PM launches Rs 1 Lakh Crore agri- infrastructure fund 

Rs 1000 Crore sanctioned to over 2280 farmer societies under Agriculture Infrastructure Fund    Prime Minister Narendra Modi launched a new Central Sector Scheme of financing facility under the Agriculture…

Govt to boost agri-startups under RKV scheme

Training and funding to promote agripreneurship will be a major focus The central government is encouraging startups in the agricultural sector to contribute directly and indirectly for enhancing the income…

Cargill invests $15 million to set up plant for dairy cattle supplements  

The plant would be one of the largest facilities to manufacture bypass fats and specialty waxes in the country.       US food major Cargill announced that it has…

Best Agrolife Ltd aims to achieve Rs 1517 cr turnover by FY22  

The company plans to add new innovative speciality molecules and improve its product basket.    Best Agrolife Ltd, a leading global player in agrochemicals sector and one of India’s largest…

Maharashtra Govt approves ADB funded project for development of agriculture  

The project aims to make the state a surplus producer of fruits and vegetables which will help in boosting the farmer’s income.       The Maharashtra government has approved…

Indigo Ag secures an additional $360M funding

The round included participation from new and existing investors, including the Alaska Permanent Fund as well as the founder and initial investor of Indigo, Flagship Pioneering.   Indigo Agriculture announces…

Bayer Group reports stellar performance despite pandemic

Agricultural division witnesses increased sale by 3.2 per cent Germany based Bayer Group’s businesses reported solid performance in the second quarter of 2020 despite the COVID-19 pandemic especially in their…

Escorts Agri Machinery reports 9.5% growth in sales in July 2020

Domestic tractor sales in July 2020 at 4,953 tractors registers a growth of 9.9 percent against 4,505 tractors in July 2019   Escorts Ltd Agri Machinery Segment (EAM) in July…

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