TOP HEADLINES
• Dow posts largest point loss
• Stock futures may start in 6 weeks: Sebi
• US Fed cuts interest rates yet again
• Policymakers act to avert world recession
• Rupee recovers to 47.88/$ after free-fall
• Dabhol says needs cash to pay lenders
• United Airlines halts India flights
• IMF, World Bank meets put off indefinitely
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CORPORATE HEADLINES
• Strike at Escorts Agri Machinery Group
• Global Telesystems Ltd re-christened GTL Ltd
• Tata Power Q2 results on October 16
• Otis Elevator (India) introduces VRS
• BSE shifts 6 scrips from Z to B-2 Group
• State Bank of India revises interest rates
• Sonata to buy 6.5 million shares of subsidiary
• BSE imposes special margin on 16 scrips
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MARKET REPORT
Sensex sinks to near its 8-year low
Infosys, Satyam and NIIT touch 52-week lows. Zee down 10%. Wipro down 14%. ACC, SBI hit 10% lower limit. RIL, Nestle, Bajaj Auto gain.

DAILY TECHNICALS
Trading strategy for September 18, 2001
Traders willing to take a bounce should do it only in the options market. No position in individual stocks is recommended.

STOCK TALK
'Fiscal situation is getting out of control'
'Divest. Stop corruption. Stop the witch hunt that is going on. Open the markets to FDI and reduce bureacracy,' says Ramesh Shrichand Damani.

COLUMN
Will calling parties pay or will they not?
If a 'calling party pays' regime is introduced, local calls to mobile numbers will be as expensive as long-distance ones, says Sucheta Dalal.

REPORT
Hidesign: A truly global Indian brand
Dilip Kapur's Hidesign products have a booming market the UK, Ireland, Australia, New Zealand, Denmark, South Africa and many Scandinavian and Asian nations.

INTERVIEWS
'India has adopted CMM faster than any other nation'
The guru of the capability maturity model, Dr Bill Curtis, who designed People-CMM, says that companies who adopt this model are better suited to facing the economic slowdown.

'India must get the world to condemn what the US is doing with patents'
'If Trade Related Intellectual Property Rights is to be a binding treaty, then the Convention on Biological Biodiversity must be an equally binding treaty. The Americans must be forced to accept it,' says Suman Sahai, Convener, Gene Campaign.
'We have resoundingly lost the basmati case'

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