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Finance

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…

Dhanuka Agritech posts consolidated profit increases by 252% in FY20-21  

The net profit in Q1FY21 came in at Rs 51.79cr that increased by 252.89 per cent, as compared to Q1FY20, when it reported Rs14.67cr       Dhanuka Agritech announced…

Rallis India reports a consolidated net profit of Rs 91.87 crore for Q1FY21

Company has registered a 13.5 per cent revenue growth during Q1 for domestic crop care business on account of robust demand   Rallis India Ltd., a subsidiary of Tata Chemicals…

Union MSME Minister stresses upon financial aid to micro businesses

Invites suggestions to develop a model to provide help and finance Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises and Road & Transport  stressed on the need to provide financial…

Agritech start up VeGrow raises 2.5 Mn seed funding from Ankur Capital  

Better Capital, Titan Capital, ITC agribusiness CEO Sanjiv Rangrass also participated in the round       Agritech startup VeGrow has raised $2.5 Mn in seed funding led by Matrix…

NABARD funds SHGs for digitisation in Karnataka

NABARD disbursed RS 2.51 crore to SHGs for, skill development and digitization of records.   The National Bank for Agriculture and Rural Development (Nabard) in Karnataka has disbursed ₹2.51 crore…

IFFCO reports highest net profit of ₹1,005 crore in FY20

 IFFCO has recorded net profit of ₹1,005 crore in FY20 as against ₹842 crore during FY 2018-19   Fertiliser cooperative Indian Farmers’ Fertiliser Cooperative (IFFCO) has announced all-time high production,…

FACT posts highest net profit increase in 2019-20

Imports additional fertilizers to meet growing needs of farmers The performance of Fertilizers and Chemicals Travancore Limited (FACT) particularly in the areas of production and marketing is shown marked improvement…

Centre constitutes pan India ’Agri- Infrastructure Fund’

Rs 10,000 crore sanctioned for the current year A new pan India Central Sector Scheme-Agriculture Infrastructure Fund has been approved by the Union Cabinet chaired by PM Narendra Modi, to…

Farmers assured of barrier-free trading, remunerative prices: Union Agri Minister

KVKs and scientists can help marginal farmers immensely Laying the foundation stone through video-conference of the administrative building of the Krishi Vigyan Kendra (KVK) at Dataganj, Badaun in UP, Union…

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