MARKET REPORT
Late rally boosts market, up 12 points
Recovery in old and new economy stocks. BPCL, HPCL, Satyam, Infosys, Wipro, Bajaj Auto gain.

TOP HEADLINES
• FM gives nod to package for Bihar, Orissa
• Gazprom to revive Indo-Iran gas pipeline
• 'Strikes scaring investors away from Kerala'
• RBI asks for data on firms' forex exposures
• Air India-Virgin to work out commercial pact
• Govt clears Rs 6.1 bn FDI proposals
• Ageing Asia must rethink policy: ADB
• ScreenCheck, AutoID in smart card deal
• Intermittent rains lessen drought impact
- - More

CORPORATE HEADLINES
• Polaris Software Lab clarifies on news item
• United Breweries FY-02 results on August 12
• Change in management at Oriental Bank
• Sterlite Industries approves scheme
• V N Shankar Rau resigns from EL Forge
- - More

LATEST PRESS RELEASES
• TrendsIndia-Winter 2002-03 unveiled at Lakme week
• More releases...

SPECIAL
Quality of govt, biggest threat to IT industry
Keeping the IT sector healthy and growing in India requires skilful macroeconomic management - far better than our government has shown itself capable of, says Ashok V Desai.

The Indian game of Chinese chequers
Instead of trying oneupmanship, we must try and recognise where our strengths lie - and then move accordingly, says R N Bhaskar.

How many more bailouts for the UTI?
Analysts say the Rs 5 billion-bailout will do little for the fund. Several issues need redressal first.

DAILY TECHNICALS
Trading strategy for August 7, 2002
Sensex, VisualSoft, United Phosphorus, Rayban, Apollo Tyres.... Check out what you can do on Wednesday.

INTERVIEW
'We should not press the panic button'
'We have enough grain to take care of the people of India.' Union Agriculture Minister Ajit Singh on the drought.

COLUMN
The rise and fall of the Johari brothers
They first acquired control over an urban cooperative bank and then milked it dry. But despite their connections, they are now behind bars.

'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.

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.

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

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