Upcoming IPO: GSP Crop Science, an Ahmedabad-based agrochemical company, has filed its draft red herring prospectus with the capital markets regulator, Securities and Exchange Board of India to raise funds through an initial public offering. GSP Crop Science OFS details Via the OFS, Vilasben Vrajmohan Shah will sell up to 2.65 million equity shares while Bhavesh Vrajmohan Shah and Kappa …
Hyderabad: A recent study revealed alarming levels of organic micropollutants in the form of pharmaceutical and agrochemical compounds in the groundwater in Hyderabad. They used a technique called ‘non-targeted screening analysis using liquid chromatography quadrupole time-of-flight.’ Pharmaceutical compounds dominated in all samples, constituting more than 50 per cent of the detected compounds. It said that the alarming revelation underscored that …
NEW DELHI : Agrochemical companies are adopting a cautious approach as they confront several challenges in both domestic and international markets. Nevertheless, in the near term, heightened competition for generic agrochemical manufacturers from China and declining prices of raw material intermediates are keeping the earnings outlook subdued. The high cost of raw material, high channel inventories and ingress of low-priced …
COLOMBO, Sri Lanka — Sri Lanka’s government has withdrawn a ban on imports of agrochemicals that it said was aimed at encouraging organic cultivation. But he said government subsidies, price guarantees for produce and technical support will only be provided to those who use organic fertilizer. The ban, which many analysts said was more an effort to preserve Sri Lanka’s …
