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May 16, 2002
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MARKET REPORT
Sensex sheds 40 pts on selling pressure
Tension at the Indo-Pak border dragged down the market for the third straight session.

TOP HEADLINES
Govt likely to finalise IPCL sale on Saturday
BMW may set up assembly plant in India
US farm subsidy against WTO spirit: Minister
India to bloom in Asian telecoms gloom
FBI seeks CBI's help in Rastogi case
Hyderabad overtakes Bangalore in ITES
Revival drives tech firms to hunt chip skills
Sebi bars Sheth from trading till May 30
IA losing altitude in domestic market
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CORPORATE HEADLINES
Tata Power declares 50% interim dividend
Glenmark Pharma Q4 net up by 95.97%
GTN Textiles FY-02 net down by 38.37%
Essel Propack announces book closure
BSE imposes special margin on Zenith Info
Tisco declares interim dividend of 40%
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DAILY TECHNICALS
Trading strategy for May 17, 2002
Sensex, Wipro, Aftek Info, Mastek, Tata Power… Check out what you can do on Friday.

COLUMN
The future looks bleak for Dabhol plant
'Unless the cost of power generated by the DPC is reduced, there is no point in trying to run the plant,' says Sucheta Dalal.

STOCK TALK
'IT enabled services is showing rapid growth'
'It has great opportunity. I am a strong believer in it. But Nasscom's projection of a $ 20 billion industry by 2008 is too ambitious,' says Ramesh Shrichand Damani.

FEATURE
'Asian firms more likely to pay bribes': Reuters
Companies from Asia were among the most likely to offer or pay bribes to foreign officials, a Bribe Payers' Index compiled by Berlin-based Transparency International says.

INTERVIEW
'Industry, academia must come together'
To churn out quality engineers, from technical and personality points, a finishing school is necessary in India, says S Mahalingam, executive vice president TCS.

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

MONEY CHAT
'A career in IT is promising even today'
'IT industry grew at around 30% last year. Which other industry has shown higher growth? A job in any industry requires knowledge of IT. The career of a software professional remains bright,' says Pramod Khera, MD, Aptech Training Ltd.

SPECIAL
India needs to open up economy further for sustained growth
'Labour reforms, tariff rationalisation, an easy exit policy, boost to infrastructure, strong political push, low protection levels, liberalisation in banking sector, product de-reservation for SSIs, price decontrol, and a positive debate on the need for change are a must,' says Dr Nirupam Bajpai.
Ten years of reforms: The unfinished agenda

TUTORIAL
What is the RBI's Monetary Policy?
What role does the Monetary Policy play? How significant is it? Read on...

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Dr M S Swaminathan on the Union Budget
Sami Zoghbi on Indian tourism
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- Sucheta Dalal on
Home Trade's plan

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