TOP HEADLINES
• Balco strike may be called off on Friday
• DPC phase-II will cost MSEB Rs 5 bn a month
• Ketan Parekh remanded to custody till May 9
• Sinha justifies lower small savings rates
• OECD sees 'modest recovery' in second half
• 'Chinese goods no target for dumping duty'
• CII to ask Sebi to rethink carry-forward ban
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CORPORATE HEADLINES
• Ceat FY-01 net loss at Rs 137.10 million
• ICICI Q4 net loss at Rs 3394.80 million
• Balaji Telefilms clarifies on news item
• Arvind Mills to consider rights issue
• Max India may divest from Max Atotech
• Krone Comm Q1 net down by 37.88%
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MARKET REPORT
Market@May 3: Day's report
Most tech stocks decline. Wipro and Sterlite Optical gain 6 per cent each. Old economy counters remain under pressure throughout the day.

SPECIAL
Employees groan as IT firms slash salary hikes
The US economic slowdown has resulted in a paring of the Indian IT workers' pay increments as firms rush to cut costs and maintain profitability.

REPORT
Bringing home computers and entrepreneurship
Pentahome, a concept from Pentasoft Technologies, aims to take computers to housewives, senior citizens, working men and women, and children and to encourage entrepreneurship among women.

DAILY TECHNICALS
Trading strategy for May 4, 2001
Sensex, Infosys, Global, Reliance, Cipla... Check out what you can do on Friday.

FUND FILE
Grindlays Super Saver
While the fund is too young to be evaluated, Grindlays Super Saver Income seems to prefer holding a conservative credit quality, while actively managing the interest rate risk.

INTERVIEW
'I will deal with political pressure if there is any'
'We all know there is a huge volume of work that we have to complete together. The group is full of eminent personalities. They will go about the task well.' Lt Gen Prakash Mani Tripathi, chairman of the JPC probing the stock market scam, speaks.

COLUMN
Sterlite and Videocon: The Harshad link
'Harshad's manipulation took Videocon up from Rs 51 to Rs 168 between April and June 1998 at a time when the BSE Sensex dropped 11 per cent. In the same period, Sterlite moved from Rs 272 to Rs 385,' says Sucheta Dalal.
• BPL: The Harshad Mehta connection
• How Harshad Mehta did it again

BROADBAND
The Last Goodbye
Nasscom president Dewang Mehta's last interview...

FUND NEWS
Technology funds breathe easy again
Just when it seemed that ICE stocks have been written off, they have made a strong comeback. You just never know when the tide will turn here.

STOCK TALK
'The Sensex could rally to 3650-3800'
Ramesh Shrichand Damani thinks the current rally is more of a technical correction.

INTERVIEW
'We don't want privatisation'
'We don't want divestment. We don't want the opening up of the economy. We don't want the contract system,' says Sharad Rao, trade union leader, in support of Maharashtra bandh.

MARKET IMPACT
• 'HLL's turnaround not round the corner'

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