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May 21, 2001
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TOP HEADLINES
Govt likely to lose Rs 2.5 bn in A-I, IA sale
Ketan Parekh, Pandya released on bail
'Fiscal deficit for 2000-01 to be about 5.1%'
Bailout for Madhavpura Bank proposed
Gridco chief calls for AES rep arrest in Orissa
Enron's Indian lenders to lobby for govt help
India third largest economy by 2025: Expert
FMCG imports war begins in small town India
- - More

CORPORATE HEADLINES
Sea Crystal buys 5.042% stake in Mascon
TV 18 MD sells 7,000 shares of the company
German Remedies FY-01 net up by 1.94%
Pentamedia Graphics clarifies on news item
IDBI Bank Q4 net down by 62.49%
Henkel Spic Q1 net down by 74.36%
Ahmedabad Elec. Q4 net up by 77.21%
- - More


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REPORTS
He promises invincible security
Vijay Takanti's firm is leveraging the fact that the e-signature Act has been cleared by Congress and trying to provide technology that is not available.

Dr Reddy's sees robust drug pipeline
Dr Reddy's Laboratories expects two of its anti-diabetes drugs to enter phase III clinical trials in the last quarter of 2001.

MARKET IMPACT
'MSCI downgrade won't affect market much'
VSNL: Status quo and waiting to go

MARKET REPORT
Market@May 21: Day's report
News of Ketan Parekh's bail has a positive impact on Global and Himachal. Zee and Wipro remain firm for a major part of the day. SBI, ACC and HLL under pressure.

DAILY TECHNICALS
Trading strategy for May 22, 2001
Sensex, Himachal, SSI, HPCL, SBI... Check out what you can do on Tuesday.

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.

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


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