MARKET REPORT
Heavyweights limit Sensex gains to 7 points
Selling in select heavyweights offset most gains in some old economy and pharma stocks.

TOP HEADLINES
• Xerox to fully cooperate with enquiry
• Sebi to tighten norms for pvt placement
• Bharti cuts mobile tariffs in Delhi
• TRAI pegs monthly WLL rental at Rs 200
• Fernandes for focus on SSI, self-reliance
• 42 FDI proposals worth Rs 2.18 bn cleared
• External borrowings to fund buyouts okayed
• 'Indian economy on recovery path'
• Dhirubhai Ambani still critical
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CORPORATE HEADLINES
• Siemens Q3 results on July 16, 2002
• BPL bags export order from Worldspace
• Bajaj Auto Q1 results on July 27, 2002
• E Merck changes management structure
• Wartsila H1 results on July 23, 2002
• TV18 meeting to consider ESOP postponed
• Asian Paints Q1 results on July 15, 2002
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COLUMN
Will Jaswant Singh be a successful FM?
The industry morale is down and the economy desperately needs a shot in the arm, but the new finance minister inherits a bad situation, says Sucheta Dalal.

SPECIAL
'When the West is ageing, India will be young'
The West will increasingly depend on India to keep the global economic engine running. This is a golden opportunity for India to leapfrog into the developed world, says Wipro Chairman Azim Premji.

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 aggresive investor, go for sector funds which are investing in basic core industries,' says Chandan Desai, Head (equity), J M Capital Management.

STOCK TALK
'BPO is the industry of the future'
'Over the next few years, ITES sector will be big. ITES stocks have gone up 4-5 times in nine months. Market will pay for growth,' says Ramesh Shrichand Damani.

DAILY TECHNICALS
Trading strategy for July 5, 2002
Sensex, Satyam Comp, Digital Global, Engineers India, Tisco.. Check out what you can do on Friday.

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.

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...