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September 18, 2002
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COLUMN
Privatisation hits a roadblock
'Selling the PSUs off is absurd -- indeed, obscene, when the objective is to create a bonanza for private tycoons and finance the government's revenue deficit,' says Praful Bidwai.

TOP HEADLINES
Govt defers decision on hiking FDI ceiling
Reliance hikes BSES stake to 40.3%: NSE
Dr Reddy's on course with generic Norvasc
Tamil Nadu to unveil IT policy on Thursday
LSE eyes Indian hi-tech firms for listing
Tata Indigo set for launch by year-end
A-I to buy 17 aircraft over five years
EIL sell-off cleared 6 mths ago: Naik
- - More
I The Divestment Development

CORPORATE HEADLINES
Mascot to acquire German subsidiary
IOB to elect shareholder directors
J Jayaraman on India Cement board
NPPA price fixation not to hurt Lupin
IFCI clarifies on news item
- - More

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MARKET REPORT
Sensex slips 34 pts; follows US, Asian markets
Profit-taking is seen in old economy and defensive sector stocks. Infosys, Satyam, HCL Tech down.

INTERVIEW
'Divestment money is used for govt expenses'
'The talk about the selloff proceeds being used for infrastructure development is merely for public consumption,' says S Gurumurthy, co-convenor
of the Swadeshi Jagran Manch.

'Issue isn't risk or monopoly; issue is Reliance'
The worst case scenario is Reliance buying both HPCL and BPCL. Even then IOC will control 54 per cent of the Indian oil market. So who says it's a monopoly?' asks economist Jairam Ramesh.

'US-64 will be smaller than it is now'
'You will be looking at certainly not Rs 12,000 crore worth unit capital. It will be less than that,' says UTI Chairman M Damodaran.

TUTORIAL
What is delisting of shares? Why do cos delist?
A Sebi panel has readied a final draft report on the delisting of shares. What does it recommend? How have investor rights now been protected? Read on…

DAILY TECHNICALS
Trading strategy for September 19, 2002
Sensex, Satyam Comp, Mastek, Aftek Info, NIIT... Check out what you can do on Thursday.

COLUMN
How the other half lives
Paranjoy Guha Thakurta explains why Britain-based sociologist Teodor Shanin's views on the 'informal economy' are so important for India.

How operators manipulated the Wipro scrip
'If the bourses and Sebi are unable to investigate the hammering of Wipro during the last 15 minutes of trading on Monday and Wednesday, then Indian investors can never depend on secondary market regulation,' says Sucheta Dalal.

SPECIAL
Needed: Bulls in the PSU shop
'We need more Arun Shouries so that there are more hits as well as more occasions for soul-searching,' says N J Jhaveri.

Cashing in on the comeback
KBC resurrected the star, making him one of India's most saleable faces. Will the magic carry on for Amitabh Bachchan who turns 60 next month?

STOCK TALK
'This is a body blow to the divestment process'
'FM did not stand up for divestment. I am extremely disappointed with the CCD's decision,' says Ramesh Shrichand Damani.

PRESS RELEASES
Investors to get faster funds, securities at BSE
BSE seminar on reverse fungibility
AP delegation for UK to promote SEZ
More...

PERSONAL FINANCE
Financial planning is easy. Just start early
Financial planning is a phrase that conjures hidden terrors for many people. But it needn't be that way.

Buying a house? Be careful…
Purchasing a house involves many hidden perils. Here are some of the dos and dont's of buying a house.

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In Focus
- The UTI Crisis
- Capital Market Crisis
- The Divestment Story
- Dhirubhai Ambani: End of an era
- Monsoons & India

Interviews
- R M Dhariwal on
the gutkha ban
- Prodipto Ghosh on
  FDI flows
- More Interviews

Specials
- Plan to corporatise
  PSU banks
- NPAs: Where has
  all the money gone?
- Why India lags behind
  in attracting FDI
- A metal monolith
- Comparison game
- Cricket spins back
- Signs of recovery
  quite visible
- More...

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