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November 28, 2002
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SPECIAL
Are fiscal deficits necessary?
Fiscal deficits do matter, but getting bogged down by their growth figures is uncalled for, says Sudhir Mulji.

TOP HEADLINES
Iraq war would hit India's economy: Sinha
WB warns India on reforms, trade barriers
Parliament OKs Money Laundering Bill
Proposals on VAT sent to Kelkar panel
SAT upholds stay on Grasim offer
Govt may mull UTI-II sell-off after 3-5 yrs: FM
Air-India to invest Rs 28 cr on new facilities
HPCL reviewing plan to build new refinery
- - More
I The Divestment Development

CORPORATE HEADLINES
Apollo Hospitals H1 net at Rs 145 million
Escorts Q2 loss at Rs 403.20 million
Balance 26% equity in MFIL offered to HLL
Schenectady-Beck defers scheme
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- Paranjoy Guha Thakurta   on who will control L&T
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MARKET REPORT
Sensex jumps 47 points to four-month high
ACC, L&T, Telco, Satyam, Infosys, Zee, HLL, RIL are gainers. Grasim, ICICI Bank, Castrol are losers.

DAILY TECHNICALS
Trading strategy for November 29, 2002
Sensex, Ashok Leyland, Digital Global, Tisco, Trigyn... Check out what you can do on Friday.

COLUMN
Decline Of The Mumbai Police
'Nothing in the police reaction suggests regret or recognition of the irony that they are turning on ordinary folk when they find it increasingly difficult to catch thugs, rapists, pickpockets, extortionists and criminals,' says Sucheta Dalal.

SPECIAL
Why Vajpayee isn't important for WEF
For the prime minister, attending the India Economic Summit would make sense only if he had the conviction of doing some plain talking in public, says A K Bhattacharya.
India & the WEF: Complete Coverage

BUSINESS CHAT
'Call centres can solve unemployment'
'As the IT services/ software industry growth has slowed, call centres have emerged as strong employers for freshers and experienced people,' says Zia Sheikh, Chief Executive Officer, Infowavz.

STOCK TALK
'Market is in good shape'
'It should rally through February. The worst in the markets is over,' says Ramesh Shrichand Damani.

MUTUAL FUND NEWS
Templeton declares dividend under TILF
Sun F&C dividend on income schemes

COLUMN
Who will control L&T? Birlas or professionals?
The tussle for the company's cement manufacturing facilities could have far-reaching consequences for the country's corporate sector, says Paranjoy Guha Thakurta.

SPECIAL
The dilemmas of tax reform
Despite its economic correctness, the taxpayer is upset over the report on direct and indirect taxes, says Subir Gokarn.

INTERVIEW
'M&As in cement sector will continue'
The industry hasn't yet reached a stage where few players can determine prices, says B L Jain, President, Cement Manufacturers' Association.

PERSONAL FINANCE
Year-end is time for best deals on wheels
It is time to drive a hard bargain. Here are some tips on how to make the most of a buyers' market.

More on Kelkar panel's tax proposals
A N Shanbhag dissects the Kelkar Committee's propositions.

PRESS RELEASES
'Making a killing: The business of war'
Infy plans disaster recovery unit in Mauritius
Feroz Khan gets teacher's award
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