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September 19, 2002
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COLUMN
Privatisation hits a roadblock
'Selling the PSUs off is absurd -- indeed, obscene, when the objective is to create a bonanza for private tycoons and finance the government's revenue deficit,' says Praful Bidwai.

TOP HEADLINES
'Govt deficits hurting Indian capital market'
Govt urges UTI not to go for distress sale
Naik to seek lower crude price, review oil
S&P cuts India's currency rating to 'junk'
Infosys, Sun enter into strategic alliance
Bankers expect rate cut in Credit Policy
US pushing Boeing sale to India
No time frame for Nalco stake sale: Govt
- - More
I The Divestment Development

CORPORATE HEADLINES
ACC allots shares under ESOP 2000
D Link most admired IT Vendor
RIL fixes book closure for dividend
Ranbaxy Lab clarifies on news item<
UTI declares income distribution @10%
- - More

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MARKET REPORT
Divestment blues push Sensex down 29 pts
Selling pressure in tech, heavyweight stocks. Hero Honda down 5.62%. Bharti down 8%. Wipro up.

INTERVIEW
'Divestment money is used for govt expenses'
'The talk about the selloff proceeds being used for infrastructure development is merely for public consumption,' says S Gurumurthy, co-convenor
of the Swadeshi Jagran Manch.

'Issue isn't risk or monopoly; issue is Reliance'
The worst case scenario is Reliance buying both HPCL and BPCL. Even then IOC will control 54 per cent of the Indian oil market. So who says it's a monopoly?' asks economist Jairam Ramesh.

'US-64 will be smaller than it is now'
'You will be looking at certainly not Rs 12,000 crore worth unit capital. It will be less than that,' says UTI Chairman M Damodaran.

TUTORIAL
What is delisting of shares? Why do cos delist?
A Sebi panel has readied a final draft report on the delisting of shares. What does it recommend? How have investor rights now been protected? Read on…

DAILY TECHNICALS
Trading strategy for September 20, 2002
Sensex, Visualsoft, Wipro, United Phosphorus, Ranbaxy... Check out what you can do on Friday.

COLUMN
How the other half lives
Paranjoy Guha Thakurta explains why Britain-based sociologist Teodor Shanin's views on the 'informal economy' are so important for India.

How operators manipulated the Wipro scrip
'If the bourses and Sebi are unable to investigate the hammering of Wipro during the last 15 minutes of trading on Monday and Wednesday, then Indian investors can never depend on secondary market regulation,' says Sucheta Dalal.

SPECIAL
Needed: Bulls in the PSU shop
'We need more Arun Shouries so that there are more hits as well as more occasions for soul-searching,' says N J Jhaveri.

Cashing in on the comeback
KBC resurrected the star, making him one of India's most saleable faces. Will the magic carry on for Amitabh Bachchan who turns 60 next month?

STOCK TALK
'This is a body blow to the divestment process'
'FM did not stand up for divestment. I am extremely disappointed with the CCD's decision,' says Ramesh Shrichand Damani.

PRESS RELEASES
Investors to get faster funds, securities at BSE
BSE seminar on reverse fungibility
AP delegation for UK to promote SEZ
More...

PERSONAL FINANCE
Financial planning is easy. Just start early
Financial planning is a phrase that conjures hidden terrors for many people. But it needn't be that way.

Buying a house? Be careful…
Purchasing a house involves many hidden perils. Here are some of the dos and dont's of buying a house.

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In Focus
- The UTI Crisis
- Capital Market Crisis
- The Divestment Story
- Dhirubhai Ambani: End of an era
- Monsoons & India

Interviews
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the gutkha ban
- Prodipto Ghosh on
  FDI flows
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Specials
- Plan to corporatise
  PSU banks
- NPAs: Where has
  all the money gone?
- Why India lags behind
  in attracting FDI
- A metal monolith
- Comparison game
- Cricket spins back
- Signs of recovery
  quite visible
- More...

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