Central Government has granted certain exemptions under Income Tax Act to Dairy Cooperative Societies to Boost the Sector In a significant move aimed at supporting the dairy sector, the Government has introduced a series of measures granting income tax exemptions and reductions for Cooperative Societies under the Income Tax Act. The announcement was made by …
Govt grants Income Tax Exemption to Boost Dairy Cooperatives Read More »
Parag Milk Foods Ltd (PMFL) has reported a 268.8 per cent increase in profit after tax at ₹34.16 crore in the third quarter of fiscal year 2024. The consolidated Q3 FY24 revenue stood at ₹800.84 crore, an 8.8 per cent YoY growth, while gross profit stood at ₹210.75 crore, with a gross profit margin of 26.3 per cent. …
Parag Milk Foods consolidated revenue up 8.8% at ₹800.84cr in Q3 Read More »
AMF index up 3.3%, average price US$6,033/MT (€5,616/MT) Butter index up 10.3%, average price US$6,516/MT (€6,065/MT) BMP index up 1.2%, average price US$2,412/MT (€2,245/MT) Ched index up 6.3%, average price US$4,469/MT (€4,160/MT) LAC index up 2.6%, average price US$785/MT (€731/MT) MOZZ index down 1.8%, average price US$3,760/MT (€3,500/MT) SMP index up 4.6%, average price US$2,758/MT …
Global Dairy Trade Event 349 concluded with the GDT Price Index up 4.2% Read More »
The animal husbandry and dairying department may get a 20% higher allocation of 5,193 crore in the FY25 interim budget, two senior officials said, reflecting a sharper focus on improving dairy and livestock health. The increase is expected on account of a higher allocation for schemes targeted for dairy, livestock health and animal infrastructure—a sector …
Livestock and dairying may get 20% hike in FY 25 budget Read More »
 Nova Dairy, a key producer in the Indian dairy industry, is honoured to announce that its ghee has been chosen as a vital ingredient of the upcoming Pran Pratishtha ritual to be held at the Ayodhya Ram Mandir. As the divine presence of Lord Ram is officially installed within the newly-built temple, this religious occasion …
Nova Dairy’s Pure Ghee to Grace Ayodhya Ram Mandir’s Pran Pratishtha Ceremony Read More »
Hyderabad-based Dodla Dairy, a company specialising in processing and distributing milk and dairy products, is targeting a 25% increase in sales volume to average 20 lakh litre per day from around 16 lakh litre currently. In an interview with CNBC-TV18, Sunil Reddy Dodla, Managing Director said Dodla Dairy wants to go into growth mode and …
Dodla Dairy eyes 25% sales volume growth on VADPs Read More »
Dodla Dairy Limited (NSE:DODLA) just released its latest third-quarter report and things are not looking great. Dodla Dairy missed earnings this time around, with ₹7.5b revenue coming in 3.1% below what the analysts had modelled. Statutory earnings per share (EPS) of ₹6.88 also fell short of expectations by 15%. Earnings are an important time for investors, …
Dodla Dairy Limited Just Missed EPS By 15%: What next ? Read More »
AMF index up 4.3%, average price US$5,842/MT (€5,338/MT) Butter index up 5.8%, average price US$5,906/MT (€5,396/MT) BMP index not available, average price not available Ched index up 1.0%, average price US$4,217/MT (€3,853/MT) LAC index up 1.3%, average price US$760/MT (€694/MT) MOZZ index down 3.3%, average price US$3,830/MT (€3,499/MT) SMP index up 1.2%, average price US$2,638/MT …
Global Dairy Trade Event 348 concluded with the GDT Price Index up 2.3% Read More »
Bengaluru-based dairy tech startup Stellapps is in advanced discussions to raise around $20 Mn in its Series C funding round, Inc42 has learnt. Almost 70% of the funding will be raised from existing investors, including Celesta Capital, Omnivore, Gates Foundation, IDH Farmfit Fund, Blume Ventures, and Qualcomm Ventures. Confirming the development, Stellapps cofounder and CEO …
Dairy Tech Startup Stellapps In Talks To Raise $20 Mn To Fuel Expansion Read More »
Starting in 2024, each year, innovators from the Global Shapers’ community will be invited to apply for support to accelerate their breakthrough ideas. The Global Alliance for YOUth, founded a decade ago by Nestlé, announced a new partnership with the Global Shapers, an initiative by the World Economic Forum, and Accenture to further support youth innovation. …
Nestlé inks new Global Alliance for YOUth partnership Read More »
