-The Indian Express At a time when the government is struggling to get past objections from its coalition partners to attract investment in certain sectors such as retail, aviation and pensions fund management, a grim internecine ministerial battle has applied the brakes on foreign direct investment flow into one of the more attractive and lucrative sectors — pharmaceuticals. Clearances for over Rs 1,000 crore FDI in this sector, the second largest in...

-Tehelka Activists say that the agricultural land should not be acquired for non-agricultural purposes A group of activists on Tuesday 7 August raised concerns about the land acquisition bill in its new form. The activists have demanded a white paper stating the extent of land acquired by the government. The new bill, called the Right to Fair Compensation, Resettlement and Rehabilitation and Transparency in Land Acquisition Bill, is at odds with the recommendations...

-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...

-The Economic Times Sales of inverters and batteries jumped about 30% for the quarter to June, as a delayed monsoon pushed up power consumption in energy-deficient India.  Manufacturers of power backup systems say they expect good profits this year, as the increase in sales will offset the rise in input costs due to a weak rupee. The country's largest battery maker Exide Industries said growth was robust despite a 4%-5% rise in prices....

QUEZON CITY (PIA) -- The Ramon Magsaysay Award Foundation (RMAF) announced today the six winners of the 2012 Ramon Magsaysay Award. The awardees were from Bangladesh, Cambodia, India, Indonesia, Philippines and Taiwan. A press statement from RMAF said hen Shu-Chu, from Taiwan, is being recognized for “the pure altruism of her personal giving, which reflects a deep, consistent, quiet compassion and has transformed the lives of the numerous Taiwanese she has...