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India’s summer grains output seen at record 150.50 mln tonnes in 2021/22



NEW DELHI: Indian farmers are expected to harvest a record 150.50 million tonnes of grains from summer-sown crops in the crop year to June 2022, the government said on Tuesday, against 149.56 million tonnes gathered in the previous year.

In 2021/22, the output of summer-sown rice is estimated at a record 107.04 million tonnes, up from 104.41 million tonnes in 2020/21, the Ministry of Agriculture and Farmers' Welfare said in a statement.

Higher rice output will help India, the world's biggest exporter of the grain, boost the staple's shipments.

India looks likely to account for as much as 45% of global rice exports in 2021 as expanded port-handling capacity allows the world's biggest rice grower after China to ship record volumes to buyers across Afr

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Hybrid vehicles key to India’s electric shift, Schaeffler says



Hybrid vehicles are a better fit than battery-powered electric cars for India in the immediate future, given the nation’s shortcomings in EV infrastructure, according to the regional head of auto parts supplier Schaeffler AG.

"Hybrid vehicles will play an equally important role because they are able to address some of the immediate infrastructure challenges around e-mobility,” Dharmesh Arora, Schaeffler’s Asia Pacific chief executive officer, said in an interview with Bloomberg TV on Monday. "For electric mobility to become mainstream we could argue it will take some more years or longer than rest of the world.”

Schaeffler’s outlook echoes the stance of India’s biggest carmaker Maruti Suzuki India Ltd., which is also glum about the uptake of ele

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Amazon vows ‘zero tolerance’ for graft after India probe report



Amazon.com Inc. stressed it has zero tolerance for graft and will investigate all allegations of corruption fully, responding to a report by an Indian news outlet that the US e-commerce giant has begun an internal investigation into claims of bribery.

The US company started a probe into its legal representatives’ conduct in India, the Morning Context, a two-year-old media site that typically covers local affairs, reported Monday, citing three people familiar with the matter.

Amazon didn’t address specifics in the report but issued the statement after Bloomberg contacted local spokespeople for comment.

"We have zero tolerance for corruption,” Amazon said in its emailed response. "We take allegations of improper actions seriously, investigate th

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Amazon, Microsoft swoop in on US$24bil India farm-data trove



Amazon.com Inc., Microsoft Corp. and Cisco Systems Inc. are among technology giants lining up to harness data from India’s farmers in an ambitious government-led productivity drive aimed at transforming an outmoded agricultural industry.

Prime Minister Narendra Modi’s administration, which is seeking to ensure food security in the world’s second-most populous nation, has signed preliminary agreements with the three US titans and a slew of local businesses starting April to share farm statistics it’s been gathering since coming to power in 2014. Modi is betting the private sector can help farmers boost yields with apps and tools built from information such as crop output, soil quality and land holdings.

Jio Platforms Ltd., the venture controlled by b

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