The Hindu Business Line : Monday, September 02, 2002

India's mangled privatisation
Opposition to privatisation has raised its ugly head again. The disinvestment programme needs the urgent support of all right-thinking members of the NDA, particularly of the Prime Minister and his deputy. Whether they will find their voices rests on the political calculations that define policy-making, says V. Anantha-Nageswaran. More

WIDE CANVAS

IMF views on expected lines
THE views of the IMF's Executive Board on the Indian economy, which have just been released though they have been with the authorities in Delhi for quite some time, are along expected lines. In a nutshell, the state of affairs in the Indian ... More

ON THE MOVE

Ballast water management — Not an issue to be `dam'ned
Ballast water management is a technical issue and many countries are working on the development of technology to treat the water before releasing it into the sea. To assess the risks posed by species arriving in ballast water, analysts require inform ation about the species likely to arrive in ships and how they will behave in the new environment. More

A RINGSIDE VIEW

UTI bail-out package seen positive for markets
OVER the weekend when the stock market was resting on the crucial resistance levels of the Sensex and Nifty, the Cabinet Committee on Economic Affairs finalised Rs 14,561-crore bail-out package for Unit Trust of India. "This clear and ... More

POLICY WATCH

UTI bail-out — Yet another delusion?
THE celebrated economist, John Kenneth Galbraith, once wrote that there could be few fields of human endeavour in which history counts for so little as in the world of finance. In his book "A short history of financial euphoria'', ... More

MUTUAL CONFIDENCE

Index funds: A short-term spark?
LIFE was interesting for investors in index funds last week, thanks to the somewhat positive signals emanating from the equity markets. Their hopes climaxed with the trend that was reflected in the last trading session: the Sensitive Index of the ... More

GLOBAL MONITOR

Gold rules firm on military threat
GOLD remained firm within a narrow range last week as concerns of over reports of a possible US military action on Iraq continued to influence the market. Although prices tended to ease because of lack of follow-through, some short covering ... More

ADR WATCH

Wipro, Satyam firm
SNAPPING the five-week winning streak, the US markets ended last week in negative territory. Fears over further downside earnings revisions from US corporates seemed to have affected the sentiment. BellSouth Corp and Sun Microsystems Inc had ... More

SAY CHEEK

UTI, giri, gayi?
YASHWANT Sinha, when he read out his last Budget speech, wrapped up saying that he estimated that the direct tax revenue in 2002-2003 would be Rs 91,585 crore and that the total tax revenue receipts for the Centre would be Rs 1,72,965 crore. Now, ... More

STOCKS TO WATCH

Omax Auto: To drive on NSE
OMAX Auto has decided to list its shares on the National Stock Exchange. The board meeting for this purpose is to be held on Monday. The company had recently issued bonus shares in the ratio of five shares for every share held. The stock went ... More

TECHNICAL ANALYSIS

Cotton futures may head north
Cotton futures on the New York Cotton Exchange settled modestly lower Friday amid thin volumes due to a long weekend. NYCE will be closed Monday for Labour Day. Market Participants will continue to keep a close eye on the weather front as ... More

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