AGRO
Bonus, stock splits & dividends: Dabur India, HUL, ONGC among 76 companies turning ex-record date this week
As many as 76 companies, including Dabur India, HUL, ONGC, NBCC, and HUDCO, have set record dates for dividends, stock splits, and bonus issues during the week of November 9-13. Markets remain closed on Tuesday, November 10, for Diwali-Balipratipada.
SC refuses to transfer trial in Tirupati laddus ghee adulteration case out of Andhra Pradesh
The Supreme Court dismissed a plea for transferring the Tirupati ghee adulteration trial from Andhra Pradesh. Accused Machindra Shantaram Lanke argued that political statements created a hostile trial environment. He claimed that most accused were from North India, complicating language issues. The court established an independent SIT to investigate allegations of animal fat in Tirupati laddus.
Festive season: Pistachio prices nearly double, almonds up 20% on West Asia crisis and US crop shortfall
"Pistachio have been the game spoiler this year. The prices of pistachio from all origins including Iran, Afghanistan and California have increased," said Ravindra Mehta, member of central governing council at Nuts and Dry Fruits Council of India (NDFC-I). "The current pistachio crop in California is expected to be only about 40% of last year, which has led to an increase of 50% in pista prices in the wholesale markets and even more in retail," he added.
No water to sow, no respite at the grocery store: India's prolonged food inflation worry
Indian farmers face challenges in sowing winter crops amid dwindling water supplies from a weak monsoon. Amarsingh Gushinge's village experiences a significant rainfall deficit, impacting crop planting decisions. Food inflation could worsen as key staples see rising prices, aggravating the economic strain on households. The Reserve Bank of India may respond with interest rate hikes to combat rising inflationary pressures.
Nitin Gadkari says Rs 100,000 crore coming to Nagpur: Rs 50,000 crore for one locality, a mega textile market & a new bus port
Nitin Gadkari has announced plans for projects worth Rs 1 lakh crore in Nagpur, including market redevelopment, a textile market, an agro convention centre and a private bus port. He also discussed Mother Dairy's upcoming Rs 1,000 crore plant, compressed biogas production and plans to boost shrimp exports from Vidarbha.
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Fuel, forex and farmers: Why India is betting big on maize
A grain that once fed chickens now fuels cars and, soon, planes. The harder question is whether Indian farms can keep up with the demand it has created.
IIT Kharagpur and Absolute launch Smart Scout AI project for soybean farming
Absolute and IIT Kharagpur are developing an early warning system for soybean farmers to minimize crop losses. The Smart Scout project aims to detect lodging risks, assess damage, and estimate yields using artificial intelligence. This initiative is part of the Quad-backed AI-ENGAGE program focusing on agricultural innovations. Pilot trials will be conducted across major soybean-growing states in India over the next three years.
Stocks in news: Jio Platforms, RIL, Infosys, L&T, Tata Capital, Waaree Energies and Vedanta Iron
Indian benchmark indices saw a volatile session amid the Nifty and Bank Nifty monthly expiry. Stocks like Jio Platforms made headlines following its IPO debut after raising significant funds. Reliance Industries remained a focus as its financial results and fundraising plans were announced. Infosys successfully implemented a transformation project for Syngenta, enhancing operations and governance. Tata Capital reported a substantial profit increase, driven by loan growth and higher interest income.
Bihar unveils 1,670-acre manufacturing city with Rs 16,500 crore investment potential
Bihar Chief Minister Samrat Choudhary launched the logo and portal for the integrated manufacturing city in Gayaji. This project aims to attract Rs 16,500 crore in investments while generating approximately 1.1 lakh jobs for local youth. The Bihar government is acquiring 13,500 acres for industrial development which is expected to conclude by January 2027. Furthermore, services linking Gaya to international destinations like Dubai and Kathmandu are planned.
Centre beats March 2027 target, issues 11 crore unique farmer IDs under AgriStack
The Indian government has successfully created 11 crore unique Farmer IDs under the AgriStack framework. This achievement was completed ahead of the scheduled deadline, enhancing transparency and efficiency for farmers. Farmers will only need their unique ID to access various government schemes and benefits. Union Agriculture Minister Shivraj Singh Chouhan highlighted the significance of this milestone for Indian agriculture.
Mozambique eyes India partnership to boost agro-processing, expand rice trade across Southern Africa
Mozambique is set to elevate its agricultural collaboration with India, tapping into mutual strengths in agro-processing. Secretary Antonio Do Rosario Grispos emphasized that India's rice imports are crucial for ensuring food security in Mozambique. This partnership aims to enhance trade routes via Mozambique's ports, fostering regional commerce and agricultural growth while strengthening historical ties with India as a strategic ally.
Hatsun Agro Product Q2 Results: Profit rises 5.6% on strong sales
Hatsun Agro Product reported a notable growth in net profit for the September quarter, reaching Rs 115.69 crore, up from Rs 109.54 crore from last year. Total income also surged to Rs 2,902.49 crore, showcasing strong sales amidst industry hurdles. The company emphasizes enhancing direct consumer relationships and expanding its market footprint in Maharashtra and Odisha, while continuing to invest in its procurement, processing, and distribution systems.
The food Indians buy is changing, and so is the scrutiny of what companies promise
India's Food Safety and Standards Authority of India has issued over 150 notices to various food and beverage companies. These notices address misleading advertisements, false claims, and labeling violations concerning multiple products. Regulatory actions involve well-known brands like ITC, AWL Agri Business, Dabur, and Hindustan Unilever. Additionally, serious food-safety violations have been flagged against companies like Priyagold and Dodla Dairy.
BL Agro heads to Africa with Rs 7,000 crore Tanzania bet; targets edible oil, dairy
BL Agro plans to invest Rs 7000 crore in Tanzania over the next ten years for international expansion. The company will focus on edible oils, dairy, animal husbandry, agriculture, and manufacturing. This investment aims to build an integrated ecosystem, leveraging Tanzania’s agricultural resources with Indian technology.
Stocks in news: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC
Indian markets witnessed a downturn on Wednesday, prompted by significant selling in banking stocks. After showing initial promise, the Nifty 50 index dropped by 77.60 points to close at 22,811.35. Reliance Industries celebrated a reaffirmation from ICRA concerning its non-convertible debenture program, valued at Rs 12,000 crore. Eternal also reported impressive year-on-year growth in Q2 revenue and net profits.
32-year-old mech engineer left his job to do organic farming in a village; now earns Rs 3 lakh profit selling wide variety of crops directly to customers
Jobandeep Singh left his engineering job after four months and returned to his village in Punjab to pursue agriculture as a business. He now grows organic crops across four acres, maintains livestock and sells directly to around 50 regular customers. His experience highlights how crop diversification, natural farming methods and direct marketing can offer an alternative approach to small-scale agriculture.
Fertiliser stocks: Combination of strong headwinds and structural repair. Who will win? 9 stocks, 4 with upside potential of up to 31%
For the better part of a decade now, every time this critical sector has run into trouble, the government has stepped in. The clean-up began with small steps. The mandatory coating of urea with neem was an early one. It was a measure that was not financial on the face of it; but it changed the sector’s economics by stopping the diversion of subsidised fertiliser to other uses.
Nepal Priyagold Biscuits Ban: Why Indian brand's licence was suspended; what 'dangerous' substance did FSSAI flag?
Nepal has banned the import, sale and distribution of Priyagold biscuits manufactured by India's Surya Food and Agro Ltd after FSSAI found serious food safety violations, including the use of bran meant for cattle feed in biscuit manufacturing. The regulator has suspended the company's food licence and approved prosecution proceedings. The company has not responded to the matter so far.
Nepal bans import, sales of Indian biscuit Priyagold over food safety violations
Nepalese authorities have prohibited the import and sale of Priyagold biscuits manufactured by Surya Food and Agro. This decision was influenced by a warning from India's FSSAI regarding serious food safety violations. The FSSAI identified cattle feed bran as an ingredient in the biscuits, leading to legal actions against Surya Food and Agro. An urgent meeting resulted in the ban to ensure consumer safety and protection.
NCLAT revives Walchandnagar Industries' insolvency plea against Swaraj India Agro on SC direction
The National Company Law Appellate Tribunal restored an appeal from Walchandnagar Industries against Swaraj India Agro. This restoration followed a Supreme Court order canceling a previous dismissal of Walchandnagar's insolvency petition. The NCLAT issued a notice directing Swaraj India to respond within four weeks. The dispute involves operational debts related to a sugar plant project initiated in 2013. The NCLT earlier dismissed both companies' petitions citing pre-existing disputes.
FSSAI's legal action against Priyagold biscuits for using cattle feed bran, 2 others also in net
FSSAI has initiated legal proceedings against Surya Food & Agro for using cattle feed in its biscuits. Dodla Dairy's milk sample was found substandard due to unsafe substances after laboratory testing. UEIR Organic Foods had pesticide residues in yellow raisins, prompting regulatory action. These actions demonstrate the ongoing commitment to food safety regulations in India. The regulator's steps aim to ensure compliance with food safety standards among manufacturers.
Three years after $10.1 million Bezos Earth Fund giving in Chicago, Illinois. Here's what is taking roots
The Greening America's Cities initiative received a big gift of $400 million from the Bezos Earth Fund. The mission of the project is to enhance green spaces, parks, trees, and gardens in the urban communities of the United States. The initiative was launched with $50 million for five American cities in the year 2023. The cities included: Albuquerque, Atlanta, Chicago, Los Angeles, and Wilmington, Delaware. The goal of the project is to expand its roots to many other US cities through 2030.
CKK Retail Mart proposes a 5:1 bonus issue; increase in authorised capital
CKK Retail Mart has announced plans to issue bonus shares in a ratio of 5:1 for existing shareholders. The company intends to increase its authorised share capital significantly from Rs 20 crore to Rs 117 crore.
Chennai weather today, October 14: Moderate rain likely; Latest IMD update for the city and other Tamil Nadu districts including Tirunelveli, Thoothukudi and Ramanathapuram
Weather Chennai: Chennai is likely to receive moderate rain in some areas on October 14, accompanied by thunderstorms and lightning, according to the India Meteorological Department (IMD). Heavy rain is forecast at isolated places in Ramanathapuram, Thoothukudi, Tirunelveli and Kanyakumari districts.
'Whisky shortage, cheaper imports to weigh on Amrut's sales through 2030'
Amrut Distilleries is facing an inventory shortage as whisky demand continues to exceed production capabilities. The company's managing director Rakshit Jagdale indicated sales may remain flat leading to 2030. Rising imports of cheaper Scotch are also impacting sales of domestic whisky brands, particularly newer blends. Amrut plans to introduce a more affordable single malt and expand its portfolio with blended malt whisky.
Mizoram seeks to boost tourism by relaxing Protected Area Permit during winter and Christmas festivals
Mizoram is seeking to promote tourism by easing regulations during upcoming winter and Christmas festivals. The state reported significant growth in tourist arrivals during the first eight months of 2026. Investments in tourism-related infrastructure are expected to support the sector's development in the coming years. A series of cultural festivals and initiatives aim to extend visitor engagement beyond Aizawl.
India's Hatsun Agro targets up to 50% revenue growth over next two years
India's Hatsun Agro Product expects revenue to rise as much as 50% over the next two financial years, supported by a wider milk procurement network and expansion beyond its southern Indian stronghold, Chairman RG Chandramogan told Reuters.
Vans Electroengineerings shares debut at 90% premium over IPO price on BSE SME; Black Opal Consultants sees flat debut. Check details
Three SME IPOs — Vans Electroengineerings, Papadmalji Agro Foods and Black Opal Consultants — made their D-Street debut on Wednesday. Vans Electroengineerings delivered a blockbuster 90% listing premium, while Black Opal Consultants and Papadmalji Agro Foods opened with modest gains. The three issues collectively raised around Rs 110 crore from investors.
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