MARKET REPORT
Sensex ends 3-day winning run; sheds 4 points
Selling pressure in tech and heavyweight stocks offsets gains in old economy stocks.

TOP HEADLINES
• Govt rules out immediate cut in petro prices
• Jaswant holds meetings with FinMin officials
• Haldia Petro not to have IOC as partner
• NRIs can draw from local account: RBI
• CBI seeks Rastogi's extradition from US
• India unit made improper payments: Xerox
• Naik to lead delegation to Iraq
• Ambani's still critical, Mahajan visits family
- - More

CORPORATE HEADLINES
• Dunlop to mull allotment of equity shares
• Ranbaxy allots shares under ESOP
• Indo Gulf Q1 results on July 9, 2002
• German Remedies Q1 results on July 22
• SCI clarifies on news item
• Reliance Petro Q1 results on July 31
• RIL first-quarter results on July 31
- - More

COLUMN
What makes Yashwant Sinha so indispensable?
'In retaining Mr Sinha and getting him to swap places with Mr Jaswant Singh, Mr Vajpayee has sent a very clear message that Charles Darwin was right about everything except the origin of the political species: it is the survival of the unfittest,' says Krishna Prasad.

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.

SPECIAL
Why some nations cannot develop
That could be because its people are chronically uneducated. R N Bhaskar suggests a solution.

Those 'dragons' on wheels…
Indian companies must strategise to counter the Chinese march into the minds of Indian consumers, says K C Ravi.

DAILY TECHNICALS
Trading strategy for July 3, 2002
Sensex, Reliance, SAIL, HFCL, ICICI Bank.. Check out what you can do on Wednesday.

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.

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...