TOP HEADLINES
• JPC rules out addition to terms of reference
• India may move to single telecom licensing
• $267-bn needed in core sector by 2006: Sinha
• 'Fiscal deficit to be brought to 3% by 2006'
• Verma's 2 other associates granted bail
• Indians top global innovation competition
• 'Godbole panel slots may not be filled now'
• Satyam may sell 2.175 million more ADS
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CORPORATE HEADLINES
• Blue Star FY-01 net profit at Rs 235.40 million
• Wipro launches operations in Germany
• Federal Bank Q4 net down by 46.21%
• Gujarat Ambuja to consider preferential issue
• Aptech appoints new Additional Director
• Wockhardt fixes book closure for dividend
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MARKET REPORT
Market@May 16: Day's report
Software stocks show a mixed trend. Zee gains more than 5 per cent, while Infosys loses more than 3 per cent. Pharma stocks in great demand.

STOCK TALK
'People will have to start learning about derivatives'
Ramesh Shrichand Damani says it will take 2-6 months to figure out the true impact of Sebi's ban on badla.

DAILY TECHNICALS
Trading strategy for May 17, 2001
Sensex, Infosys, Digital, SSI, Telco... Check out what you can do on Thursday.

SPECIAL
IT industry woes: layoffs, ban on foreign jaunts, cost-cuts…
Faced with a slowdown, a now-subdued infotech industry is tightening its belt and reining in expenses.

Firms go back on job offers, students panic
Many firms have withdrawn job offers made to students at campus interviews.

FUND FILE
Zurich India Top 200
Even though Top 200 carries a lower risk quotient with a quality conscious diversified portfolio, its active management is yet to see it outperform its category.

LIC Bond Fund
A return since launch of 13.83 per cent reflects the gains that emanated from its medium quality portfolio held earlier. While the fund has shifted focus on quality with a steady growth in corpus, it remains to be seen if the returns can be sustained in future.

COLUMN
Nedungadi Bank and the saga of RBI inaction
'The RBI made a decisive effort to free Nedungadi Bank from the grip of Rajendra Banthia who controls nearly 40% of its equity by telling him to step down from the board,' says Sucheta Dalal.

SPECIAL
The Berkshire weekend: An American tradition
Superstar billionaires Warren Buffett and Charlie Munger enlighten and regale shareholders every year at the annual meeting, says Hari Sreenivasan.

K V Kamath: taking ICICI to dizzying heights
ICICI CEO K V Kamath's term has been extended by another 5 years. NetScribes analyses his stellar leadership and the challenges that lie ahead.

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