MARKET REPORT
Sensex gains 26 points in volatile trading
Old economy stocks rise on bargain hunting. HCL, Infosys gain ground. Satyam up 2%.

TOP HEADLINES
• Indian mobile sector grows 4.8% in July
• Reliance denies hand in petrol pump issue
• ICICI Bank cuts NRE rates by 50 to 100 bps
• DCA discusses TFL issue with RBI, Sebi
• MTR Foods to go global; eyes Rs 5-bn sales
• M S Swaminathan to be Pugwash president
• Decision on states' financial package soon
• VSNL, MUL among top corporate taxpayers
• Maruti launches Esteem diesel
- - More | Monsoons, drought and India

CORPORATE HEADLINES
• Jyoti Cosmetics approves stock split
• Tata Construction co secretary resigns
• Prime Textiles' Nandan Damani resigns
• Singer India rights issue to close on Sep 13
• Godrej Consumer buy back from August 12
• Change in management at India Gypsum
- - More

LATEST PRESS RELEASES
• Pramati, IIIT-H open middleware tech lab
• More releases...

SPECIAL
The ABC of owning a petrol pump
Syed Firdaus Ashraf explains why owning a petrol pump is such a lucrative business.

Winds of reform blow across jittery US
As corporate America finds itself under a cloud, winds of regulatory, legislative and political change are sweeping America, says A V Rajwade.

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 12, 2002
Sensex, Satyam, Infosys, Tisco, Ashok Leyland.... Check out what you can do on Monday.

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.

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...