TOP HEADLINES
• Reliance bags 26% stake in IPCL
• RBI advances CRR reduction date to June 1
• Court hears Ketan's statement on cop attack
• 'Telecom offers big growth opportunity'
• Indian firm indicted in fake Viagra trade
• Bills pile up at end of Budget session
• Trai jams Bharti revenue-share plan
• Forex reserves swell to $55.71 bn
• Khaitan imports Chinese line for making fans
• Reliance set to join global league
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CORPORATE HEADLINES
• Bharat Forge FY-02 net profit at Rs 220 mn
• RCF Q4 net down by 26.55%
• Oriental Bank FY-02 net up by 57.99%
• Kochi Refineries Q4 net down by 35.69%
• Sunflag Q4 net down by 27.67%
• Ananda Kumar in IOB board
• Dealings in STCI to resume from May 20
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SPECIAL
Sashi Chimala: From software to coffee
The enterprising CEO of Qwiky's chucked a comfortable life as an IT professional in the Silicon Valley to start a chain of coffee pubs in India...

India needs to open up economy further
'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

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.

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.

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