ProcureYard raises $1.72 million in seed round
ProcureYard, a Gurugram and Bengaluru-based B2B commerce platform for raw materials, has raised a seed round of $1.72 million led by Powerhouse Ventures. The round also saw participation from Java Capital, 2am VC, and angels such as Abhishek Goyal, Co-founder, Tracxn, and Rajesh Sawhney, Founder, GSF. Founded in 2023 by
Union Budget 2025: Agriculture sector companies expect policy support to boost R&D, FPOs, among others
Companies in agriculture sector are looking forward to policy support in the forthcoming Union Budget to boost investments in agri R&D, seed ecosystem, adoption of digital agriculture, sustainable fertiliser use, empowering FPOs and industry status for micro-irrigation among others. “Granting infrastructure status to the micro-irrigation industry will help the sector
NCLT gives nod to liquidate Go First’s assets
The National Company Law Tribunal has ordered the liquidation of the remaining assets of budget carrier Go First (formerly known as GoAir). On Monday, a bench of NCLT gave its nod to an application filed by the airline’s financial creditors to liquidate the remaining assets of the airline after attempts
CEA slams big business for opposing timely payments to MSMEs, defends Budget tax nudge
Chief Economic Advisor (CEA) V Anantha Nageswaran on Monday criticised large corporations for pressuring the government to roll back a Budget 2023 measure aimed at ensuring timely payments to micro, small, and medium enterprises (MSMEs). The tax provision (Section 43 bh) mandates that payments to MSMEs must be made within
Trump factor can influence course of the year: Birla
Uncertain, unpredictable, and unorthodox. This is how Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, described 2025. “It is evident that in 2025, we will be embracing a U3 world…… not wrestling with it,” he said. In a note, titled ‘My Reflections – 2024-25’, that comes just a few
Govt bars mills from 10 lt quota for exports for overselling more than permitted in domestic market
Informing sugar mills about the decision to allow 10 lakh tonnes (lt) of sugar for exports, the Food Ministry has issued detailed guidelines on Monday in which mills are directed to complete the export by September 30. Also, the government has debarred some sugar mills from receiving export quota as
How Budget 2025 can help India tackle inflation amid rising food prices, ETCFO
India’s challenge with taming retail inflation has been a long-drawn one. Since October 2019, prices have been rising at rates above the RBI’s comfort level of 4% YoY, with the exception of two months in 2024. The first few years of pandemic-related supply chain disruptions pushed up prices. Subsequently, regional
`India, EU have better understanding of ambitions, sensitivities’
“We have agreed to focus our attention on building a commercially meaningful market access package in industrial goods and services. We are aiming for a win-win outcome that supports our two economies in developing clean tech supply chains that will be fit for decades to come,” said Šefčovič following a
Kochi to host 7th edition of India Boat & Marine Show from Jan22-24
The 7th edition of India Boat & Marine Show (IBMS) will be held at Bolgatty Palace Event Centre from January 22 to 24. Joseph Kuriacose, Director of Cruz Expos, organisers of IBMS 2025, said more than 55 exhibitors will display their products and services at the expo and around 4,000
Coromandel International opens soil and leaf testing lab at Kakinada
Coromandel International Limited, an agri inputs company, has inaugurated an advanced Soil and Leaf Testing Laboratory at its plant in Kakinada. The facility will provide soil and plant nutrient analysis, helping farmers across the country understand their soil and its nutrient composition better. This laboratory has automated soil testing service