-The Indian Express The government’s proposal to price-control certain drugs will create more problems than it will solve From clothes to cars, prices of consumer products the world over are determined taking into account input costs, margins and competition, popularly called the cost-based pricing system. Departing from this sound, fair, tried and tested principle of commerce, the government’s new drug pricing policy, approved by the Group of Ministers headed by Sharad Pawar,...

-The Business Standard Flawed govt policy is forcing car makers to shift to SUVs Over the next few months, Maruti Suzuki, Tata Motors, Ford, General Motors and Mahindra & Mahindra will launch new sports utility vehicles (SUVs). That’s because the market for SUVs is booming. Sales have grown 57 per cent in the first five months of this financial year (to 207,000 units), while passenger car and van sales have fallen...

-The Indian Express With the Tata Motors fiasco still reverberating across India Inc and political circles across the country, Mamata Banerjee-ruled West Bengal has initiated steps to welcome another automaker by handing over land - this time a foreign one - albeit not for production but for a stockyard. The move is surprising also as Maruti was gung-ho about land in Narendra Modi's Gujarat and not much was known about negotiations in...

-The Telegraph   Wal-Mart Stores Inc — the $446 billion retail behemoth — will be able to open stores in 22 cities across the country after the government notified a press note tonight permitting foreign direct investment up to 51 per cent in multi-brand retailing operations. The press note — which contained clauses that were not spelt out in the controversial press release issued last Friday after the cabinet formally cleared the proposal...

-The Times of India For the first time in the history of Indian automobiles, cumulative sales of utility vehicles (UVs) have overtaken those of sedans - all three-box cars, from the entry-level to the super-luxury segment - in the first five months of the fiscal year 2012-13. New launches such as the Mahindra XUV500, Maruti's Ertiga and Renault's Duster pulled in buyers still looking to benefit from the huge price differential...