TOP HEADLINES
• DPC issues pre-termination notice to MSEB
• Awards for 2 Indian American entrepreneurs
• Enron's notice 'improper': Deshmukh
• Maharashtra, MSEB bill may touch Rs 170 bn
• 'We welcome DPC's pre-termination notice'
• Centre may lose Rs 28.5 bn if DPC is scrapped
• DPC took a hurried decision: FIs
• Godbole refuses to comment on DPC's notice
• Pawar, Deshmukh discuss DPC
• Wharton Dean's Medal for Narayana Murthy
• Rs 100.82 billion FII inflows in 5 months: BS
- - More

CORPORATE HEADLINES
• Lakshmi Elec FY-01 net at Rs 12.38 million
• Dhanalakshmi Bank Q4 loss at Rs 14.70 mn
• GNFC FY-01 net up by 59.65%
• Astra-IDL Q4 PAT down by 26.41%
• Esab India FY-01 results on May 28, 2001
- - More

FUND NEWS
Buybacks come to funds' rescue
The spree of open offers and buybacks unleashed by India Inc has brought a glimmer of hope for harried fund managers.
Rolling settlement and worried funds
Diversified equity funds get back to basics

FUND FILE
Templeton India Growth
With the results starting to trickle in for Templeton India Growth Fund, it could well end up as a candidate for core holding, if it continues with its reworked ideology.

Prudential ICICI Balanced
While the fund may take a while to stabilise, it should provide long-term performance if the re-aligned stance continues.

COLUMN
Cracks already in the JPC's gameplan
'Excluding UTI, which has been at the centre of all the controversy connected with the stock market crisis, suggested an outrageous cover up and made a monkey of those who had been baying for an investigation into its activities,' says Sucheta Dalal.

REPORT
Grape expectations for India's wine industry
Grover's Vineyards, India's only vineyard devoted to producing wine, plans to live up to the growing demand for wine in India.

MARKET REPORT
Market@May 18: Day's report
Software stocks show a mixed trend on Friday. Satyam, Zee and Himachal are under selling pressure. Old economy stocks continue to perform well. MTNL, Bhel and BPCL show impressive gains.

DAILY TECHNICALS
Trading strategy for May 21, 2001
Sensex, Wipro, Global, Sterlite, SBI... Check out what you can do on Monday.

INTERVIEW
'IT products, home appliances to be LG's thrust area'
'These sectors will grow massively and shall compensate for the consumer durables saturation,' says K R Kim, Managing Director, LG Electronics.

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.

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.

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