MARKET REPORT
Sensex records sixth straight gain; up 11 pts
Buying support in select new as well as old economy stocks helped the market to end higher.

TOP HEADLINES
• Snecma, HAL to co-produce ALH engines
• India gives $10 mn more as grant to Kabul
• India's '01-'02 direct taxes 7% below target
• Opposition clears Patents Amendment Bill
• India's IT firms to reap outsourcing windfall
• WB's Wolfensohn says US has turned corner
• Kedar's PCR extended; aides attack scribes
• Govt not to review hike in passport fees
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CORPORATE HEADLINES
• TV 18 to make provn for Home Trade dues
• Lock out at Garware Marine, Ahmednagar
• ITC Hotels FY-02 net loss at Rs 31.20 million
• STG Intl announces change in mgt structure
• Blue Star Infotech Q4 net at Rs 32.75 million
• Sterlite Ind fixes record date for scheme
• Advani Hotels considers rights issue
- - More

GUEST COLUMN
'Need to temper power with accountability'
'India will be economically strong only when the blatant disregard for the responsibilities that come with power stops,' says Anurag Pal.

DAILY TECHNICALS
Trading strategy for May 9, 2002
Sensex, Zee Tele, Visualsoft, HFCL, MTNL... Check out what you can do on Thursday.

STOCK TALK
'Market will remain range-bound'
'The US market looks weak and the Indian industry has been doing poorly. So Sensex still remains below 1992 levels,' says Ramesh Shrichand Damani.

INTERVIEW
'Industry, academia must come together'
To churn out quality engineers, from technical and personality points, a finishing school is necessary in India, says S Mahalingam, executive vice president TCS.

COLUMN
Jalan's new monetary instrument
A Bank Rate cut now would have evoked the Sangh Parivar's ire, while silence on the subject might have annoyed Sinha. So, RBI Governor Bimal Jalan chose the middle path, says R C Murthy.

Home Trade's 'starry' gameplan
Mega celebrities can be used as cover for a meticulously planned financial scam, says Sucheta Dalal.

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.

SPECIAL
India needs to open up economy further for sustained growth
'Labour reforms, tariff rationalisation, an easy exit policy, boost to infrastructure, strong political push, low protection levels, liberalisation in banking sector, product de-reservation for SSIs, price decontrol, and a positive debate on the need for change are a must,' says Dr Nirupam Bajpai.
Ten years of reforms: The unfinished agenda

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