MARKET REPORT
Sensex gains 29 points
Buying interest across the board. HLL, Satyam, ITC, Zee, MTNL gain. Bajaj Auto, HCL Tech lose.

TOP HEADLINES
• Bharti launches new cellular tariff plans
• India's April-July tax receipts up 17.4%
• Tata Fin to submit Ferguson report on 14th
• CBDT pulled up for delay in tax refunds
• US rules against Dr Reddy's in patent case
• ADB lauds India's structural reforms
• 'Infosys top-level exits not to hit revenues'
• 'IT rebound hinges on US core sector'
• RIL seeks land for over 5,000 petrol outlets
- - More | Monsoons, drought and India

CORPORATE HEADLINES
• Mastek FY-02 net at Rs 289.60 million
• Esab India H1 net loss at Rs 23.80 million
• P&G FY-02 results preponed to August 23
• STG Intnl closes New Jersey office
• Karan Woosin union withdraws strike
- - More

COLUMN
How to find a lotus in the muck
'When political parties stop colluding and start flinging dirt at each other, we can hope for some real cleansing,' says Sucheta Dalal.

The UTI fiasco: So who is responsible?
The then finance minister Yashwant Sinha should be ‘morally’ responsible for the mess in India’s biggest mutual funds organisation, says Paranjoy Guha Thakurta.

SPECIAL
'It's painful to admit, but Ram Naik is right'
'If the petroleum minister made a mistake, it was to think that nepotism - in petrol pump allotments - was all right as long as it was not his,' says Ashok V Desai.

Hyderabad, Kochi best Indian ITES bases
A Nasscom study to assess the competitiveness of 9 cities as destinations for ITES firms pegs Bangalore at number 6.

Indian software firms begin to hire again
The April-June quarter shows there has been a significant rise in the number of jobs in the infotech sector, especially in the ITES segment.

STOCK TALK
'Market lacks a trigger'
'Unless FII money comes in, we are headed for a rough time. Indian players are left with no funds,' says Ramesh Shrichand Damani.

PRESS RELEASES
• Chhattisgarh brings tribal art to Delhi
• More releases...

DAILY TECHNICALS
Trading strategy for August 14, 2002
Sensex, NIIT, Polaris, ITC, Hero Honda.... 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.

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...