MARKET REPORT
PSUs lead 27-point surge in the Sensex
Renewed buying in PSU and cement stocks takes the market to a higher close.

TOP HEADLINES
• Panel for shareholders nod for mgmt revamp
• Prabhu to handle Joshi's portfolio
• SUN F&C unveils India's first overseas fund
• Insurance bill passed amidst walkout
• Rajya Sabha passes Patents Bill
• HP, Compaq India units merge
• India's 01-02 IIP growth seen below 3%
• Maruti output trebles in nine years
• IDBI asks DPC for details of plant chips
- - More

CORPORATE HEADLINES
• Bombay Dyeing members OK restructuring
• Jyotin Mehta is co. secretary, ICICI Bank
• Eicher Motors FY-02 net down by 21.50%
• Dr Reddy's grants options under ESOP
• E K Thakur resigns from SBI directorship
• R Seshasayee is MD, Ashok Leyland
• HP-Compaq merger concluded: DigitalGlobal
- - More

GUEST COLUMN
'Need to temper power with accountability'
'India will be economically strong only when the blatant disregard for the responsibilities that come with power stops,' says Anurag Pal.

DAILY TECHNICALS
Trading strategy for May 10, 2002
Sensex, Satyam, Digital Global, Infosys, Bhel... Check out what you can do on Friday.

STOCK TALK
'Market will remain range-bound'
'The US market looks weak and the Indian industry has been doing poorly. So Sensex still remains below 1992 levels,' says Ramesh Shrichand Damani.

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.

COLUMN
Jalan's new monetary instrument
A Bank Rate cut now would have evoked the Sangh Parivar's ire, while silence on the subject might have annoyed Sinha. So, RBI Governor Bimal Jalan chose the middle path, says R C Murthy.

Home Trade's 'starry' gameplan
Mega celebrities can be used as cover for a meticulously planned financial scam, says Sucheta Dalal.

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...