MARKET REPORT
Sensex gains 44 points as old economy shines
Recording its fifth straight gain, the BSE 30-share Sensitive Index rose to end at 3,288.71.

TOP HEADLINES
• Jaswant is new FM; Sinha moves to MEA
• 'If Jaswant becomes FM, markets will zoom'
• India's exports up 10.46% at $7.45 bn
• Imports of 300 sensitive items dip 4%
• Ketan Seth granted bail
• Special zones to double agro-food exports
• Oil firms not to hike retail prices for now
• Dhirubhai Ambani's condition still critical
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CORPORATE HEADLINES
• ICICI buys two StanChart branches
• Escorts FY-02 results rescheduled to July 12
• TV-18 Board to mull ESOP
• Ranbaxy H1 results on July 18, 2002
• VSNL fixes book closure date for dividend
• Hussain, Chaukar are VSNL addl directors
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DAILY TECHNICALS
Trading strategy for July 1, 2002
Sensex, Satyam, NIIT, BEL, Shipping Corporation... Check out what you can do on Tuesday.

COLUMN
Coercive diplomacy: A double-edged sword
India may have scored brownie points over Pakistan in Washington, but India Inc has been badly hurt by the travel advisories issued by developed countries, says Paranjoy Guha Thakurta.

SPECIAL
Fighter of the Fourth Estate
Press baron Narendra Mohan turned the battle for foreign investment in print into a personal crusade and has walked away victorious.

UTI: Saving a leviathan
UTI is tottering on the brink but its chairman is fighting to ensure that it doesn't fall off a cliff.

Insurance: rude shock awaits car owners
Insurance rates will go up from July 1, but motorists will be startled by the arbitrary rise in premiums.

COLUMN
The emperor has no clothes!
Would you call a nation that handles telephone calls of customers from all the world over and types medical records of the world's hospitals a superpower? asks Mahesh Nair.

FDI in print: It's all about money, honey!
Protests against allowing FDI in print media have nothing to do with national interest. The opposition is all about money, says Sucheta Dalal.

STOCK TALK
'The bull market has started'
'The market is in a tight band now. It should not violate the 3100 level for the bull market to remain intact. Any breakout from the band will decide the future course,' says Ramesh Shrichand Damani.

TAXATION
A risky affair
How do you quantify risk? How do you minimise it? What kind of risks do debt instruments pose? A N Shanbhag on risks threatening your investments.

INTERVIEW
'Telecom primed for a revolution'
The telecom industry will witness a revolution in the coming days and the number of mobile phone users in India will rise to 50 million by 2005, says Sunil Mittal, chairman, Bharti Enterprises.

THE BUDGET & GOVT POLICIES
The Credit Policy: Complete coverage
Union Budget 2002-2003: Complete Coverage Exim Policy 2002-03: Complete coverage
Economic Survey 2001-02: Complete coverage
Rail Budget 2002-03: Complete coverage

MONEY CHAT
'A career in IT is promising even today'
'IT industry grew at around 30% last year. Which other industry has shown higher growth? A job in any industry requires knowledge of IT. The career of a software professional remains bright,' says Pramod Khera, MD, Aptech Training Ltd.

TUTORIAL
What is the RBI's Monetary Policy?
What role does the Monetary Policy play? How significant is it? Read on...