NEW DELHI, January 19 – LIVEMINT – Business and investor sentiment in and about India took another hit on Wednesday with the World Bank revising its growth projections for the Indian economy in 2011-12 and 2012-13 to 6.8% each, from 8.2% and 8.5% respectively. The bank also said developing countries such as India should prepare for contingencies to deal with an imminent downturn as the world economy has entered a “dangerous period”. – BUSINESS STANDARD – Joining the bandwagon of organised retail in apparels, Paradigm retail India is planning to launch 100 ‘Fashion Station’ stores pan-India by 2015 starting from Uttar Pradesh and Uttarakhand. By the end of current financial year, the company plans to open ten stores in major towns of the two states and later expand in other states, including Bihar, Assam, Madhya Pradesh, and Rajasthan etc. Mumbai-based Paradigm unveiled its brand, logo and business plans here last night. It also showcased its line of garments in a fashion show. – ECONOMIC TIMES – Eyeing a larger role in the domestic cosmetics industry, Sri Lanka-based ReeBonn has decided to make foray into the Indian market with a slew of products including face wash, toilet soaps, fairness creams, talcum powders and shampoos. Currently, ReeBonn is available in Sri Lanka, Maldives, Nepal and some areas in Dubai. – ECONOMIC TIMES – The first spell of dense fog this year wreaked havoc on air operations at the IGI airport on Wednesday hitting over 250 flights and causing inconvenience to flyers. Atleast 207 domestic and international flights were delayed by five to six hours as the runway visibility remained below the prescribed minima for low visibility take-off of 125 and 150 metres for different types of aircraft.