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August 2, 2002
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MARKET REPORT
Sensex gains 9 points
Market breaks three-session losing streak. ITC up 5%. BSES up 4%. Tech stocks lose.

TOP HEADLINES
HUFs too eligible for hike in tax exemption
B'lore IT summit to focus on BPO services
Infosys to talk 'after harassment case is over'
Hutchison cuts mobile rates in Delhi
IMD forecasts some rain in drought-hit areas
Banks to strike work on Aug 29
Europe's airlines cut flights for Sep 11
Petrol pumps: BJP for limited CBI probe
NIIT, US co to offer 4-year degree course
- - More

CORPORATE HEADLINES
GACL Q4 net down by 42.13%
Madhusudan Oils MD Vikram Somany resigns
Saregama India fixes book closure
IDBI Bank clarifies on news item
Vijaya Bank declares dividend at 12%
- - More

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LATEST PRESS RELEASES
IBM to acquire PwC Consulting
More releases...

COLUMN
'Govt must accept liability to help UTI survive'
UTI's existence depends on better support from the government and a gameplan that helps stop its continuous sales and improves returns on its schemes, says Sucheta Dalal.

'IT alone is not the answer'
'We also need to create a significant manufacturing base that leverages our other strengths,' says Anurag Pal.

Will JPC draft report be taken seriously?
Or are we waiting for another financial fraud to take place to realise the farce our parliamentary panels are in danger of becoming, asks Paranjoy Guha Thakurta.

SPECIAL
A plan to corporatise PSU banks
Creating holding funds for state-run banks can be a good beginning, say Raghuram Rajan and
Ajay Shah.

DAILY TECHNICALS
Trading strategy for August 5, 2002
Sensex, Mastek, ITC, Digital Global, Ranbaxy.....Check out what you can do on Monday.

INTERVIEW
'Cigarette lobby is behind gutkha ban'
With the ban on gutkha coming into effect from Thursday, Manikchand group chairman R M Dhariwal says the product is harmful only if consumed in excess.

STOCK TALK
'We have re-entered a bearish phase'
'The market is punishing us. Lack of movement on divestment is a big culprit,' says Ramesh Shrichand Damani.

DEATH OF A LEGEND
Dhirubhai Ambani, End of an Era
He single-handedly built a Rs 650-billion business empire in just 3 decades. The Reliance patriarch's village-boy-to-business-tycoon fairy tale has inspired thousands of Indians.

SLIDE SHOW
Tributes to the Titan
The Mumbai Citizens' Committee pays homage to Reliance patriarch Dhirubhai Ambani.

MUTUAL FUNDS CHAT
'It's ideal time to start investing in equities'
'An exposure to equity will give very handsome returns from the current levels. If you are an aggressive investor, go for sector funds which are investing in basic core industries,' says Chandan Desai, Head (equity), J M Capital Management.

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...

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In Focus
The UTI Crisis
Capital Market Crisis
Options Guide

Interview
Dr M S Swaminathan on the Union Budget
Sami Zoghbi on Indian tourism
Cyrus Nallaseth on US immigration
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Columns
- Paranjoy Guha Thakurta on
  oil industry

- Sucheta Dalal on
war fears and biz

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