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September 22, 2002
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SPECIAL
A R Rahman: Composing a winning score
The music director hits the high notes again with the success of Bombay Dreams and could be poised for international stardom.

TOP HEADLINES
India to cut 5,600 jobs at oil PSUs: Naik
Delhi seeks concessions on crude oil price
India's forex reserves at $62 billion
Uma Bharti for debate on divestment
ONGC to revise Q1 net up after price deal
Zurich Financial puts India ventures on ice
Be a commercial pilot for Rs 10 lakh
India worst of the lot in deficit, debt
- - More
I The Divestment Development

CORPORATE HEADLINES
Softpro Systems forfeits equity shares
Shilchar Electronics reissues forfeited shares
A Ferguson nominated Castrol India director
Bank of Rajasthan defers interim dividend
J K Industries clarifies on news item
Cosmo Films-Gujarat Propack merge
- - More

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INTERVIEW
'India's IT sector will see a drop in growth rate'
'However, Infosys' business model has helped in maintaining a sturdy growth rate,' says Jan Desmet, VP, Infosys Business Consulting Services.

PERSONAL FINANCE
The tangled knot of TDS
A N Shanbhag explains the provisions and the various rates of tax deductible at source.

SPECIAL
S&P downgrade is a timely warning
The more constructive course would be to get the reform programme and fiscal rectitude back on track, says T N Ninan.

Accounting firms: Time to redo numbers
The ICAI's new directive is making audit firms reassess their business priorities.

A day trader's diary
A day trader shares his experiences - profits, losses, his brush with greed and the reluctant acknowledgment of god.

MARKET REPORT
Sensex settles off lows; Zee Tele down 6%
Select old economy stocks bounce back on bargain hunting. Bharti Tele up 7%. Infosys, Satyam 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 23, 2002
Sensex, Hinduja TMT, Polaris, Hexaware, HPCL... Check out what you can do on Monday.

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.

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
HCL InfiNet's NEt calling card to cost less
NewLogic delivers first products
Corning plans advanced optics unit in China
More...

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

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the gutkha ban
- Prodipto Ghosh on
  FDI flows
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- 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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