The Hindu Business Line : Friday, May 14, 2004

Shell-shocked NDA coalition bows out — Congress emerges as single largest party; to elect leader today
IN an unexpected reversal of fortunes, the Congress and its allies and the Left parties on Thursday handed out a severe drubbing to the BJP-led NDA coalition at the Centre. Proving all the exit polls and the political pundits wrong by a large ... More

Markets rebound
THE financial markets heaved a sigh of relief on Thursday as election results erased uncertainties and fears of a hung Parliament. Prices of equities, currency and bonds recovered as news of Congress leading ahead of NDA reached markets. ... More

FIIs may look for stability
FOREIGN institutional investors (FIIs) and foreign broking firms have said they do not see the possibility of large withdrawals of foreign money from the equity market even if Congress with the Left parties forms the Government. They said the ... More

Disinvestment blues for PSU stocks
PSU stocks, especially those on the disinvestment list, took a hit in Thursday's trading as traders believed that the privatisation process could be delayed under the new government likely to be formed by the Congress along with the Left ... More

Will Left be right for reforms, corporatedom asks
THE fine print of Thursday's election results amazed corporate officials on the extent to which the Congress and its allies gained ground. "It's a bit of a surprise," Mr Rahul Bajaj, Chairman, Bajaj Auto Ltd (BAL), said. By noon, the ... More

Pro-reform Govts faced the wrath, says Naidu
DEVELOPMENT agenda-driven and reforming States were the worst affected in the polls and had to face the voters wrath due to anti-incumbency which has brought in changes across the country, Mr N. Chandrababu Naidu, TDP President and former Chief ... More

IT sector: Language skills in keen demand
`As a global company, Cognizant regularly trains its professionals in languages such as French, German, Italian and Japanese.' More

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