TOP HEADLINES
• CII plans PCMM certification to India Inc
• $13-mn Motorola R&D unit in Bangalore
• Singh urges lower rural interest rates
• IA hikes fares by 10% in all routes
• Orissa orders probe into Gridco bungling
• Krishna moots 3-state package on tourism
• India's $10 mn line of credit to Cambodia
• Dwyka joins BHP for diamond hunt in India
- - More I Credit Policy: Complete Coverage

COLUMN
A thousand changes in the FMCG sector
In several product categories the threat is not from China, but right here from local brands, says Sucheta Dalal.

Hastening towards exchange liberalisation
Mere existence of high forex reserves is not sufficient to prevent a financial crisis or a run on the currency of a country, says Paranjoy Guha Thakurta.

CORPORATE HEADLINES
• BPCL appoints new director
• Andhra Bank to return capital to govt
• DPIL to sell Tippuk Tea Estate to Warren Tea
• Change in management at Widia India
• Mercator Lines vessel put into operation
- - More

MARKET REPORT
Market snaps five-session winning streak
Auto and pharma stocks lose ground. Selective buying in tech, cement stocks. PSUs trade lower.

SPECIAL
Finance ministry in a Web of dilemma
The finance ministry seems to be suffering from a strange dilemma, writes A K Bhattacharya.

A parallel agenda for the RBI
While the RBI is very good at cleaning up the mess after a crisis erupts, it has not demonstrated any great ability to head it off, says R Jagannathan.

DAILY TECHNICALS
Trading strategy for November 7, 2002
Sensex, Adani Export, Digital Global, Hughes Soft, ITC... Check out what you can do on Thursday.

INTERVIEW
'No one will invest just because rates are low'
More than the economy, it is the lack of investment demand that is of immediate concern, says Bimal Jalan, Governor, Reserve Bank of India.

STOCK TALK
'Market may remain sluggish till Budget'
'IT-enabled services sector looks promising. If you have picked good stocks, it will pay,' says Ramesh Shrichand Damani.

READERS' RESPONSE
'Just cutting rates will do no good'
'Have lower interest rates led to any increased credit off-take or greater industrial activity?'
YOUR VIEW: Should interest rates drop?

PRESS RELEASES
• 'Making a killing: The business of war'
• Infy plans disaster recovery unit in Mauritius
• Feroz Khan gets teacher's award
• More...