India's GDP contracts by 7.5% in Q2-FY21

As per the Statistics Ministry, India's Gross Domestic Product contracted by 7.5% in the second quarter (July-September) of 2020-21 amid the COVID-19 crisis. This marks the second quarter in a row where the country's GDP has contracted, implying that India has plunged into a technical recession. During the April-J...Read more

Syngenta AG completed a successful EUR 100 Mn tap of its existing EUR 800 Mn Eurobond  

    Syngenta Group has announced that Syngenta AG completed a successful EUR 100 million tap of its existing EUR 800 million Eurobond, announced on 8 April and issued in three tranches on 16 April 2020, 24 April 2020 and 19 October 2020, bringing the total size of the bond to EUR 900 million. Its matur...Read more

Mitsui invests in tomato seed company Totam

Tokyo-based Mitsui & Co., Ltd. has recently reached an agreement to take a 75% stake in Totam Seeds B.V. (Totam), and signed a share purchase agreement on November 25, 2020. Totam is an innovative seed company based in the Netherlands, active in research, breeding, and the sales & marketing of hybrid tomat...Read more

AgraFlora receives agriculture loan to bring cannabis cultivation to market

AgraFlora Organics International Inc. (AgraFlora) a Canada based leading cannabis company building shareholder value through the development of revenue-generating operating assets in the global cannabis industry, has recently announced that Propagation Services Canada Inc. the Company’s flagship cultivation ...Read more

BASF Canada invests $14 Mn for Regina crop protection production facility

BASF Canada Agricultural Solutions (BASF) unveiled its modernized formulation, packaging and distribution facility in Regina, Saskatchewan. More than $14 million was invested in facility transformations, making it the division’s single biggest agriculture infrastructure investment in the last decade. Located...Read more

NFL registers growth in sale of non-urea fertilizers

In order to promote the balanced use of fertilizers in India, National Fertilizers Limited (NFL) is encouraging farmers in its training programmes to also use nonurea fertilizers like DAP, MoP, NPK and Sulphur Based fertilizers. With these efforts, the company has registered growth in sale of all non-urea fertili...Read more

IFAD get €300 million loan from AFD to support small-scale farmers

 In an effort to tackle the devastating impact of climate change on rural hunger and poverty, the French development agency, Agence Française de Développement (AFD), signed a €300 million loan to the UN’s International Fund for Agricultural Development (IFAD) to help small-scale farme...Read more

India's 'Green Energy' portfolio shows consistent enhancement

The 33rd Annual General Meeting (AGM) of Indian Renewable Energy Development Agency Ltd (IREDA) , a PSU under Ministry of New & Renewable Energy, was held on November 11, 2020, at India International Centre, New Delhi. Annual accounts for financial year 2019-20 were adopted at the AGM. Addressing the Director...Read more

Insecticides India Limited reports a decline of 9.4% in profit in Q2 FY21

Commenting on the performance, Rajesh Agarwal, Managing Director, said, “Second quarter of the fiscal year had a varied experience for the agriculture and agrochemicals sector, the quarter was marked with normal monsoon on an average, resulting in adequate soil moisture and improving agricultural activity on...Read more

AGEL posts 23% increased YoY Sale of Energy for H1 FY21

Adani Green Energy Ltd, a part of the Adani Group, announced the financial results for the quarter and half year ended September 30, 2020. Sale of Energy for H1 FY21 increased by 23 per cent Year on Year (YoY) on the back of capacity addition of 630 MW, consistent Solar CUF and improved Wind CUF. Solar CUF has re...Read more

Suzlon posts revenue of Rs 725 crore for Q2 FY21

India's largest renewable energy solutions provider, Suzlon Group has announced its second quarter results for the financial year 2020-21 (Q2 FY21). The company's Q2 FY21 consolidated numbers indicate Revenue of  Rs 725 crore, with  EBITDA  at Rs 112 crore, EBIT at Rs 43 crore and PAT at Rs 670 cror...Read more

Godrej Agrovet Ltd reports excellent half-yearly performance

Godrej Agrovet Limited has, on November 4, 2020, reported its financial performance for the second quarter and half year ended September 30, 2020, of the financial year 2020-21. For the second quarter ended September 30, 2020, the company reported consolidated total income and consolidated profit before tax of Rs1...Read more