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Finance

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…

RCF crosses Rs 200 Cr in sales in FY 20-21

The company achieved Rs 100 Crore in 67 days and the next Rs 100 Crore in 51 days.  Rashtriya Chemicals and Fertilizers Ltd (RCF), a Public Sector Undertaking(PSU) under the Ministry…

Snowman Logistics records revenue of Rs 55.12 crores in Q1 FY 20-21  

EBITDA increased to Rs 17.87 Crores from Rs 17.10 Crores in the corresponding quarter of the previous year.       During the quarter ended June 30, 2020, Snowman Logistics…

Cormandel International reports 51% growth in revenue Q1 FY21  

Consolidated net profit after tax for the quarter is Rs 251 crores in comparison to Rs 62 crores for the corresponding quarter last year.        Coromandel International Limited,…

Syngenta AG reports strong sales growth in first half FY 2020    

Sales of $7.1 billion were 5 percent above 2019, 10 percent higher at constant exchange rates driven by increased volumes.  Syngeanta AG has recently announced thehalf year financial reports 2020.Sales…

IFC and FMO to fund Agrofértil in Paraguay

Funding to help revitalize Paraguay’s agricultural sector affected due to Covid-19 The director of the Sarabia Group, Antonio Ivar Sarabia has announced that Agrofértil, a business unit of the group…

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