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August 7, 2002
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MARKET REPORT
Market sheds gains on profit booking
Market ends lower as selling in select new economy and defensive sector stocks erase gains.

TOP HEADLINES
Infosys pioneers modelling engine for BPM
SEBI plans corporate governance measures
BJP allies seek CBI probe into pump row
Direct tax mop-up surges 22.6% in Apr-Jul
Petrol pump row: Oil companies file caveats
IDRs to come under Sebi regulation: Bajpai
Ford India exports Ikon components to China
PM readies plan for energy conservation
WB lauds India's efforts in reducing poverty
Pump owners demand review of PM's order
- - More

CORPORATE HEADLINES
Steelco Gujarat mulls share capital reduction
Lahoti Overseas to consider buyback
Telco clarifies on news item
HDFC allots equity shares under ESOP
P S Pai retires from Wipro
- - More

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LATEST PRESS RELEASES
HCL Infosystems partners with ScanSoft
More releases...

SPECIAL
Industrial revival needed to lessen drought impact
Issues related to reducing the dependence of the Indian economy on the monsoon continue to be ignored, says Ila Patnaik.

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.

STOCK TALK
'Monsoon no prerequisite for bull market'
'We need divestment to begin a fresh bull run. 14 good monsoons have not made the index rise,' says Ramesh Shrichand Damani.

DAILY TECHNICALS
Trading strategy for August 8, 2002
Sensex, Infosys, HCL Tech, Reliance, Telco.... Check out what you can do on Thursday.

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.

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...

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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
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