NEW DELHI, January 13 – BUSINESS STANDARD – Industrial production growth rebounded to 5.9 per cent in November after a sharp contraction of 4.7 per cent in the preceding month, prompting finance minister Pranab Mukherjee to exude confidence that industry may deliver a better performance in the months to come. The finance ministry said the policy focus would be adjusted to build on the strong industrial growth to ensure higher capital goods production and investments. Industry chambers Ficci and CII said there were roadblocks in the way of sustainable industrial growth as both capital goods and chemicals continued to be in the negative territory and suggested the government focus on big infrastructure projects to propel economic expansion. – BUSINESS STANDARD – According to Bloomberg New Energy Finance renewable energy investment rose 5 % to a record $260 billion last year driven by a surge in solar developments and increased spending in the US. New spending on solar energy jumped 36 % to $136.6 billion in 2011, outpacing the $74.9 billion put into wind power. – ECONOMIC TIMES – The Maruti 800 and Alto, India's bestselling car models, are set to drive into the sunset as Maruti Suzuki is working on a replacement for the 800cc cars to bring in a more contemporary and fuel-efficient model. – ECONOMIC TIMES – US-based coffee giant Starbucks is moving forward with the memorandum of understanding (MoU) signed with Tata Coffee and hopes to make an announcement soon even as the government has notified 100 % FDI in single brand retail. However, the 100 per cent FDI in retail comes with a sourcing clause. It will be mandatory to source at least 30 per cent from the domestic small and cottage industries which have a maximum investment in plant and machinery of USD 1 million. – ECONOMIC TIMES – Starwood Hotels & Resorts plans to open 20 new Hotels across all its brands by 2015. The company which is the largest operator of four and five star hotels in India currently operates 33 hotels in the country under management contracts. The hotel chain also plans to launch its brands W and St. Regis in the country in the next three to four years.