TOP HEADLINES
• Global slowdown mars Bangalore IT.com
• SC directs NHB to pay Rs 611 crore to SBI
• AP to set up centre for e-governance projects
• Glaxo plans to sell Gujarat unit to Glenmark
• 'Reliance gas-find to spur AP's economy'
• Indians can now open foreign currency A/Cs
• Govt trumpets new oil and gas, analysts wary
• India's Sept exports rise 7.9% to $3.99 bn
- - More I Credit Policy: Complete Coverage

CORPORATE HEADLINES
• Arvind Mills appoints directors
• SBI revises interest rates on loans
• IndusInd Bank OKs merger scheme
• RCF appoints S Balan as new CMD
• Zydus Cadila gets FDA approval from Brazil
• UB posts net loss of Rs 7.59 crore
- - More

MARKET REPORT
Sensex ends flat; RIL eases, HPCL rises
Market mood remains mixed. Nestle, Polaris, Mastek down. Infosys, SBI, Zee, Bajaj Auto up.

SPECIAL
Jalan's real message: don't ask for more
The banking system needs to get its act together instead of constantly expecting monetary mollifications, says R Jagannathan.

Cuts without conviction
By focusing on rate cuts, this policy continues to operate as if there is one market with a perfectly flexible rate of interest, says Haseeb A Drabu.

INTERVIEW
LIC chief sees room for all players
It will be challenging to maintain growth, retain market share and meet policyholders' expectations, says S B Mathur, chairman, LIC.

'No one will invest just because rates are low'
More than the economy, it is the lack of investment demand that is of immediate concern, says Bimal Jalan, Governor, Reserve Bank of India.

STOCK TALK
'Market may remain sluggish till Budget'
'IT-enabled services sector looks promising. If you have picked good stocks, it will pay,' says Ramesh Shrichand Damani.

READERS' RESPONSE
'Just cutting rates will do no good'
'Have lower interest rates led to any increased credit off-take or greater industrial activity?'
YOUR VIEW: Should interest rates drop?

COLUMN
Who controls the ACC management?
The change in ACC's shareholding pattern raises issues about the role of those who control the management of a company and those who are its promoters, says Paranjoy Guha Thakurta.

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