NEW DELHI, August 17 – BUSINESS STANDARD – After marking its presence in Indian car market French automobile company Renault is looking out for expansion by foraying into the commercial vehicle segment. It has plans to enter into the market of commercial vehicle by launching a light truck in competition with the Tata Motors’s light truck ‘Tata Ace’. In May, Renault launched its first locally-assembled car Fluence which it shares with partner Nissan Motor Company. Both the companies share platforms, engines and transmissions as well as components for products. The strategy they are applying here in India, however, is that Nissan will look after the export market while Renault will take care of the local market. - BUSINESS STANDARD – The World Bank Food Price index increased 33% in July from last year and as a result of which pressure is piling up on the world’s poor. All these situations are arising due to the economic and political disturbance happening in the world because of which prices would remain high in near future as well. – ECONOMIC TIMES - According to a report by research firm CB Richard Ellis India (CBRE) in the first six months of this year over 6 million square feet of retail mall space was added across India due to the aggressive expansion by organised retailers. In 2010, a total of 5 million square feet of organised retail space was added. India is the fifth largest retail market in the world and expansion by both national and international retailers is focused in the prime locations of key cities, thus giving a boost to the rentals of the stores. - ECONOMIC TIMES – India is the current President of the UN Security Council and has asked member states to address the "unsatisfactory situation" of scarcity of resources for peacekeeping missions. The current annual expenditure for peacekeeping is below US $8 billion. And regarding the issue a debate is being organised by the Security Council scheduled for August 26. – LIVEMINT - Revenues of Indian firms continued to grow but high interest costs and commodity prices pushed down profit margins. In this case also inflation is the root cause as due to which the Indian Central Bank i.e. Reserve Bank of India (RBI) has raised interest rate 11th times in order to keep under control the mounting pressure of inflation. – WALL STREET JOURNAL - Qantas Airways Ltd. declared plans to introduce new premium and low-cost carriers and hence following its rivals such as Singapore Airlines Ltd., Thai Airways International PCL and Japan's All Nippon Airways Co. in order to attract more budget-conscious travelers. – FINANCIAL EXPRESS – In July, inflation rate in comparison to last year has come down to 9.22% from 9.98% but it is estimated that it will rise again to touch 10% in August.