India's equity benchmarks were flat on Thursday, as broad-based profit-taking persisted for the fourth session. The metal stocks witnessed a surge following the Federal Reserve's 25-basis-point rate cut.
The Nifty 50 rose 0.04% to 25,770.05 while the BSE Sensex shed 0.01% to 84,381.84 as of 10:07 a.m. IST.
Meanwhile, DCM Shriram share price gained over 9% to an intraday high of ₹1,319.80 per share on Thursday, December 11, as a diversified Indian conglomerate and Bayer Crop Science Limited, a global leader in crop solutions, signed a Memorandum of Understanding (MoU) to collaboratively advance sustainable and future-ready agriculture.
The strategic MoU aims to jointly explore opportunities that strengthen India’s agriculture ecosystem by focusing on innovation, sustainability, and farmer-centric solutions. The collaboration establishes a strategic framework covering agri-inputs, digital advisory, sustainable farming practices, and value-chain strengthening.
Specific synergies will be explored across crop solutions, seeds, specialty plant nutrition, biologicals, digital tools, and advisory platforms. Furthermore, the two organisations plan to jointly support farmer organizations and enhance sustainable agriculture initiatives, including conducting pilots in soil health, carbon sequestration, and integrated crop management. The companies will also evaluate potential partnership opportunities within select areas of the chemicals business.
Mr. Ajay S. Shriram, Chairman & Senior Managing Director and Mr Vikram S Shriram, Vice Chairman & Managing Director, DCM Shriram Ltd, said, “We are delighted to partner with Bayer to explore new avenues that can benefit India’s farming communities. By bringing together complementary strengths, we aim to support sustainable and productive agriculture while creating long-term value for farmers and the wider ecosystem.”
Commenting on the partnership, Mr. Simon Wiebusch, Chief Executive Officer, Bayer CropScience Ltd, said, “Indian agriculture is entering a phase where resilience and value-chain integration will define long-term success. With this partnership, Bayer and DCM Shriram can enhance market access, strengthen value-chain connections, and help farmers tap into emerging opportunities. Our combined and complementary expertise enables us to scale solutions quickly and create lasting positive change."
The partnership seeks to leverage Bayer’s global expertise in advanced agricultural solutions with DCM Shriram’s deep rural footprint and integrated agri-business capabilities to enhance farmer livelihoods, improve productivity, and promote climate-resilient farming practices.
DCM Shriram share price jumped over 9% to an intraday high of ₹1,319.80 on Thursday, December 11, after the company signed an MoU with Bayer Crop Science to jointly advance sustainable, future-ready agriculture. At 11:43 AM, DCM Shriram share price was trading at ₹1,313.80 per share on the NSE, surging 8.87%. Bayer Cropscience shares were trading at flat up ₹4,403.50 per share.
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