MARKET REPORT
Sensex sheds 63 points on profit booking
Infosys, Satyam, NIIT lose heavily. RIL, RPL, HLL, ITC dip. Tisco, Bajaj Auto look up. Pharma shivers.

TOP HEADLINES
• Wipro ducks terror attacks; sees 5% growth
• Govt shortlists valuers for Maruti rights issue
• Jet Airways mulls additional surcharge
• MTNL to be listed at NYSE on November 8
• UIA undecided over $2.9-mn compensation
• BHEL not on divestment list, says Joshi
• State-run oil firms oppose issue of bonds
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CORPORATE HEADLINES
• HCL Info Q1 net down by 35.12%
• Polaris Software Q2 net up by 9.87%
• GE Shipping Q2 results on October 30
• Novartis H1 results on October 30
• E I D Parry Q2 net down by 22.05%
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IMPACT
Relaxed buyback rules bring no cheer: Reuters
Analysts opine that the easing of rules may not spur firms to swap cash reserves for equity because cash is king when the economy is slowing.

DAILY TECHNICALS
Trading strategy for October 19, 2001
Sensex, Satyam Computer, Ranbaxy, NIIT, Balaji Tele... check out what you can do on Friday.

INTERVIEWS
'Working with the FM was good. He was very receptive'
'It was good to be around when a lot of policy changes were made, but I won't be there for the next budget,' says Rakesh Mohan, Sinha's economic adviser, who resigned recently.

'I see India as a real powerhouse'
'Work will soon begin to flow to India as opposed to Indians migrating to the US. India is a real powerhouse when it comes to talented manpower,' says venture capitalist Ray Stata.

FEATURES
SEWA plans general insurance sector foray
SEWA, a Gujarat-based union of women which has a membership base of over 300,000, is preparing to set up an insurance company for women.

Indian techies told to mind their Ps and Qs
Executives of Indian infotech firms are learning newer social skills to be politically correct while travelling abroad in the post-Black Tuesday era.

STOCK TALK
'The worst is over'
'I think the market has made its bottom and better days are ahead. It is time to re-enter the equity markets,' says Ramesh Shrichand Damani.

REPORTS
Maharashtra aims to ride the biotech boom
Having missed the IT bus, the state is taking a series of steps to establish itself as the biotech hub of the country.

Indian exporters hit hard by terror attacks
'Long-term contracts with buyers are suffering. New orders are hard to find. Exports targets will not be met this year as the terrorist attacks have spelt doom for us,' say exporters.

COLUMN
A retirement plan for Indian politicians
Like top CEOs, political leaders too must retire, making way for young, dynamic, confident decision-makers if India has to get out of a rut, says Sucheta Dalal.

The road to Laden
'The United States secretary of the treasury will have more to do to win the war than will his counterpart in the Pentagon. The money trail will be a far better guide to the terrorists than any guided missile,' says T V R Shenoy.

SPECIAL REPORT
A helping hand from Sterlite Foundation
The non-profit organisation funded by the Sterlite group runs 'Sterliteracy' centres across the country bringing computer education at extremely low costs to the underprivileged.

THE BUDGET & GOVT POLICIES
The Rediff Budget Special: Full coverage
Rail Budget 2001-2002: Full coverage
Credit Policy 2001-2002: Full coverage
Exim Policy 2001-2002: Full coverage
Economic Survey 2000-2001: Full coverage