Page 10 - Agriculture Sector

UPL Ltd Q2 net profit up 25.19% on robust sales despite Ukraine impact

Agro-chemicals maker UPL Ltd on Tuesday posted a 25.19 per cent jump in its consolidated net profit at Rs 969 in the second quarter of FY23 on strong sales, despite some impact faced due to the Russia-Ukraine crisis. The company had posted a consolidated net profit of Rs 774 crore during the second quarter previous year. "Due to ongoing war between Russia and Ukraine, and the sanctions in the region, the Group's business has been impacted to some extent," the company said in a regulatory filing. The Group is having approximately Rs 86 crore of inventory and Rs 54 crore of receivables as on September 30 in this war affected region, it said, adding that the company is continuously monitoring the situation. "The Group continues to do business in these two countries and taking necessary steps to protect itself from various risk involved. Management is confident of realisation of these assets," UPL added. According to the filing, the company's net income rose 18.35 per cent to Rs 12,50

Scientists say GM mustard production can start from this rabi itself

An official clarification made later says approval has come from GEAC, which is authorised to do so, and not from MoEF

Rajasthan govt takes action to prevent black marketing of fertilisers

Agriculture Commi­ssioner Kana Ram said teams formed to check illegal activities at the level of agriculture commissionerate had been sent to districts.

Potato and tomato output projected to be down by 4-5% in 2021-22

The production of overall vegetables is projected to be higher at 204.84 million tonnes as against 200.45 million tonnes in the said period

Corporatisation of power, agri sectors will be disastrous: K T Rama Rao

The Centre is trying to privatise power and agriculture sectors which will have disastrous impact on farmers and others, Telangana Minister for IT and Industries K T Rama Rao has alleged. Speaking to reporters in Siricilla on Thursday, he said if the Electricity (Amendment) Bill brought in by the Central government turns into an Act, farmers would lose free power, Scheduled Caste members, Scheduled Tribe persons, poultry farmers, washermen, barbers, weavers, and others will have to bid goodbye to power subsidies. Rama Rao reiterated Chief Minister K Chandrasekhar Rao's stand against the reforms in agriculture and power sectors, and reminded the state government's resolution passed in the state assembly against the Bill. "Telangana is a state where farmers cultivate lands relying on power supply. The state has 26 lakh pump sets. What would be the fate of farmers if free power is not supplied?" he asked. Crops are grown across 1.35 crore acres in Telangana. An additional 50 lakh acre

Axis Bank looking at more partnerships with Big Tech: Axis Bank MD

Amitabh Chaudhry says the private lender spends Rs 900 crore every buying priority sector lending certificates to meet its targets

Rajasthan to tap solar energy to fulfil electricity demand in agri sector

Rajasthan's solar generation potential has been assessed at 142 Gw. The state government plans to harness this potential systematically and has set an ambitious target of 30 Gw capacity by 2024-25

Obituary: Abhijit Sen - A great economist with rural, agriculture focus

He was an excellent analytical economist and his is a great loss to the profession of economics vis-a-vis research and policy, writes S Mahendra Dev

Demand for MGNREGA work drops in monsoon deficit states by 35% in July

In the eastern states where monsoon is in deficit, work demand has also fallen barring Jharkhand, which has seen a 12.38% spike in households demanding work under MGNREGA in July

Inflation eats into India's rural demand while green shoots become visible

After a pandemic slump, consumer goods makers are banking on a good monsoon but erratic rain patterns make a sustained recovery open to question

Eight months after rolling back farm laws, Centre sets up MSP panel

Representatives of agriculture universities and institutions have also been included in the panel. Joint secretary (crops) in the Ministry of Agriculture will be the member secretary in the panel

Centre wants to create framework for PPP in farm sector: Agriculture Secy

Manoj Sinha said work on the framework is ongoing, private players are encouraged to share their inputs

Govt unearths leakages of Rs 100 crore in urea usage in two months

Per year, about 1-1.2 million tonnes of urea meant for farming gets diverted towards industrial use, say officials

Govt taking steps to fix post-production challenges in agri sector: Tomar

Tomar said govt has connected about 1,000 regulated wholesale mandis with electronic National Agriculture Market (e-NAM) so far and sanctioned Rs 9,500 cr for 13,000 projects under the Agri-Infra Fund

Sales growth likely to sow seeds of distress for agrochem players

Exporters could do better as domestic firms are hit by monsoon delay, inventories

Inflation: Dal gets pricey, thanks to patchy monsoon in main growing states

Prices of tur and urad have risen in the last few days over fears that scanty rain could have an impact on the kharif harvest

What is soil health card scheme? Check eligibility, cost and challenges

Under SHC scheme, a soil health card contains soil health indicators and descriptive concepts based on farmers' knowledge of local natural resources and practical experience

IOB aims to boost advances to retail, MSME, agri, corporate sector in FY23

IOB is aiming to boost advances in retail, MSMEs, corporate and agricultural loans during the current fiscal year, as the lender has substantially brought down the stressed assets on its balance sheet

Adani Group's drone division exploring two revenue models: Know more

The Adani Group's commercial drones division is exploring two revenue models -- dealer-based and service-based -- while keeping its primary focus on the agriculture sector

Committed to make agriculture viable and profitable: Punjab CM Mann

Mann said it is really ironical that a farmer who owns the most fertile land with the highest yield, as compared to any other part of the country and even across the globe, was living in penury