MARKET REPORT
Sensex ends lower for fourth straight session
The market lost ground on across-the-board selling pressure amid fears of escalating border tensions.

TOP HEADLINES
• Ketan Parekh alleges police ill-treatment
• CBI custody for accused in seamen's PF scam
• STD/ISD facility may be restored in J&K
• TCS signs huge IT deal with SBI
• Govt repaid $500 mn external debt in 2001-02
• BSNL to provide cellular, WLL phones in AP
• Prices, new markets to spur rice exports
• HPCL, BPCL divestments on track
• Gujarat economy improving, says Modi
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CORPORATE HEADLINES
• TRF FY-02 net profit at Rs 93.35 mn
• ACC allots shares under ESOP
• Abbott Lab FY-02 net down by 62.35%
• Matrix Lab in pact with Medicorp Tech
• Sundram Fasteners mulls interim dividend
• Tata Tea declares 70% interim dividend
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DAILY TECHNICALS
Trading strategy for May 20, 2002
Sensex, Infosys, Zee Tele, Reliance, Hero Honda… Check out what you can do on Monday.

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...