NEW DELHI, August 24 – BUSINESS STANDARD – Chinese personal computer market have taken over the dominant position of the United States with a record personal-computer shipments growth of 14% this quarter with 18.5 million units. Since China is highly populated and their income is also rising year on year, such kind of impacts are inevitable as in 2009 also China took over the car market from America and it is personal computer market. - FINANCIAL EXPRESS – India is a target market for the companies involved in the business of cosmetics and beauty products. The French giant, L’Oreal has decided to make its presence in Indian market at much bigger scale. That is why it has decided to invest about $5 billion in the next five years to open a research and development centre at Mumbai and a new factory in Pune. - FINANCIAL EXPRESS – Jet Airways, the country’s largest private carrier has decided to launch daily flights on Mumbai-Manila sector by December end. Just in order to improve its cash flow Jet Airways has been adding on new routes like India-Dubai, India-Hong Kong and India-Singapore as it earns nearly 60% of its revenue from international operations. - FINANCIAL EXPRESS – Despite economic uncertainties in the US and Europe, India’s software body Nasscom is estimating a 16-18% growth rate of the India’s information technology (IT) industry which is able to brought in about $68-70 billion in revenue. Domestic market growth is also estimated at 15-17%, with revenues of about $19-20 billion. - ECONOMIC TIMES – During communication session with the Indian counterparts on Syrian developments, the Obama administration revealed that the US continues to support India's bid for a permanent membership in the UN Security Council. ECONOMIC TIMES – According to the study done by the US Federal Reserve Bank of San Francisco it is estimated that only $2.7 of every $100 worth of US consumption is 'Made in China'. This implies that 88.5% of what US consumers spent on, went right back into the pockets of American manufacturers and service providers.