Bloomberg Sugar output in India’s second-biggest producing region will be lower than expected after floods damaged crops and as some farmers sell cane for feed. Production in the western state of Maharashtra may total 5.2 million to 5.3 million tons in the year starting from October 1, compared with a previous estimate of 6.44 million tons, said Shekhar Gaikwad, the ...

Bloomberg China was the leading source of planned foreign direct investment in the year ended-June, leading a recovery in the value of project approvals in Uganda. Chinese companies accounted for $607.3 million, or 45 percent, of the total planned investment projects cleared in the past financial year, the Uganda Investment Authority acting Director-General Lawrence Byensi said in an emailed statement. ...

Bloomberg Ford Motor Co is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd after failing to make meaningful inroads for more than two decades in the world’s fourth-largest automobile market, people with knowledge of the matter said. Mahindra, one of India’s largest automakers, will own 51 percent of the new ...