The Hindu Business Line : Monday, December 08, 2003

Abjuring alcohol
RECENTLY I had occasion to watch about 200 social activists, a majority of whom were women from rural areas, observing a daylong fast to back up their demand for introduction of total prohibition. A number of ... More

GLOBAL FINANCE & OVERVIEW

Why dollar will remain weak in 2004
With savings not rising in the US, with America sucking in more imports than it can sell, and with foreigners showing fatigue in buying dollar assets, the bulk of the burden of reducing the US current account deficit must fall on the dollar. Which i s why there will be further dollar weakness in the New Year, says V. Anantha Nageswaran. More

WIDE CANVAS

The `cyber coolie' is here
The emergence and growth of BPO activity — described as the "cyber coolie" regime by British critics of the phenomenon — is a true reflection of the changing nature of the international economy, specifically its gradual shift from manufac turing and traditional services to the true globalisation of back-up services for distinctly national economic activity of practically every sort with the help of IT-enabled facilities. More

ON THE MOVE

100 years of civil aviation — Flying but not cruising along
COME December 17, there will be celebration of the centenary of the first powered flight. On December 17, 1903, the brothers Orville and Wilbur Wright flew their plane from Kitty Hawk in North Carolina, US, covering a ... More

A RINGSIDE VIEW

Further correction likely on profit-taking
This week, after removal of uncertainty over early general elections, the market is on the threshold of a new phase. The market players are reading it as return of politics for development and reforms in the coming months. More

MUTUAL CONFIDENCE

Investors flocking to monthly income plans
MONTHLY income plans, more popularly `MIPs' to a large section of the market, have come a long way ever since Unit Trust of India started offering them to investors one after the other. Today, these constitute a key component of every major ... More

ADR WATCH

HDFC Bank, ICICI Bank finish on firm note
THE US stock markets ended the week on a mixed note. Old economy stocks such as Alcoa Inc, the world largest aluminium maker, and International Paper Co, paper and lumber major, pushed the Dow Jones Industrial Average and S&P 500 higher on ... More

RANDOM WALK

Endogenous tourism
Endogenous tourism aims to harness the traditional skills of rural artisans. More

MARK TO MARKET

Index funds and the performance paradox
DIVERSIFIED equity funds have on an average outperformed the index funds by 40 percentage points in the current market rally. Empirical evidence, however, suggests that in the long run index funds outperform active ... More

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