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Monday, December 30, 2002

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OFFHAND


Ending inspector raj?
AT the Platinum Jubilee celebrations of the Federation of Indian Chambers of Commerce and Industry, the Prime Minister, Mr Atal Bihari Vajpayee, directed a broadside at the long-persisting stranglehold of systems, procedures, rules and ... More

ON THE MOVE


DG Shipping order raises seafarers' hackles
ON DECEMBER 23, passenger vessel m.v. Nicobar sailed from Kolkata for Port Blair with 1,200 passengers. With this sailing ended the week-long stalemate causing concern to the Andaman and Nicobar Administration, the owner of the vessel, the ... More

A RINGSIDE VIEW


Bull run seems to be on course
THE bull run seems to be on course. Last week, the market bypassed a correction on strong liquidity support and buying by operators, a few hedge funds and a string of corporates. With just two sessions left for 2002, the market this week will, ... More

POLICY WATCH


Listing authority high on agenda
A SEBI-sponsored committee had recommended the setting up of the Central Listing Authority, now high on the agenda of SEBI and the Finance Ministry, to bring about some uniformity in scrutinising listing applications and to take a look at the listing agreements periodically. The idea was to stop those fly-by-night operators who could list on one of the smaller stock exchanges after being rejected for listing at a bigger bourse. Hapless retail investors tooka hit due to the inconsistent applicati on of the listing rules during the last decade. More

MUTUAL CONFIDENCE


Bank-distributor gaining pace
BANKS, both foreign and Indian-owned, are increasingly enlarging their share of the pie in the distribution of mutual funds. As MF circles unfailingly point out, foreign banks today play a major role on the distribution front and many of their ... More

GLOBAL MONITOR


Weak dollar is key driver of gold rally
GOLD enjoyed a great year in 2002 with prices under $280 an ounce in January rising consistently to reach a 6-year high by the end of the year, testing and piercing the $350/oz psychological mark. The joy ride upward was aided by a host of ... More

ADR WATCH


Dr. Reddy's Lab, Wipro move up
THE American stock market indices ended last week on a weak note. Except for a rally on Monday, the market sentiment on the US bourses remained weak. Trading volumes ebbed owing to market holidays. The rise in price of crude oil coupled with ... More

VISION 2020


Vision 2020 — The power of mobility
The answer to problems of starvation, destitution and unemployment, especially rural, may lie in making people more mobile, says P. V. Indiresan, and suggests organising an extensive and affordable system of cycle-hire. This unorthodox method may not work miracles, but is still worth trying because it promises well, and costs little. More

STOCKS TO WATCH


HPCL & BPCL await divestment trigger
THE Cabinet Committee on Disinvestment (CCD) could not finalise the modalities of the proposed disinvestment in refinery majors — HPCL and BPCL. Ahead of the CCD meeting, both the companies attracted market interest leading to a spurt in ... More

TECHNICAL ANALYSIS


Cotton prices to move up
NYCE cotton futures closed on Friday with small gains on thin speculative interest, with more sideways action predicted ahead of the New Year holidays next week. With most players having closed the book for the year, the prices are bound to ... More

AMERICAN PERISCOPE


Reforming corrupt practices on Wall Street
IN an interview on a television channel about two weeks ago, Mr Jack Welch, the former CEO of GE was asked for his reactions to the scandals in corporate America. Mr Welch replied that we should not judge the corporate world based on the ... More
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Top Stories
`We are coming out of everything sub-scale' — Mr Ajai Chowdhry, Chairman and CEO, HCL Infosystems Ltd


`The worst is over for shipping' — Mr P. K. Srivastava, President, Indian National Shipowners Association and Chairman, SCI

Ascon study upbeat on manufacturing sector

Are banks jettisoning the basics?

Drought takes toll on arabica output — Production seen 10-15 pc lower than estimates

In Focus
Inside China

Stock scam unravelling
Red signal for Chinese silk
Petrol pump controversy
Kelkar Report
In Depth
Gender Justice
Simple Economics
India Interior
Consumer Notes
Looking back
Dec. 22-Dec. 28
A friendlier lagaan to shipowners' rescue?

Despite claims, RIDF is a flop

`The sons also rise'!

Women with `exceptional guts'


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