We need stiff penalties for errant promoters
If Wadia and his club tries to distort shareholders rights by lobbying for patently unfair conditions to the takeover code, it will in the long run drive investors away and kill the capital market.



PM raps bureaucracy, pledges reforms
Prime Minister Atal Behari Vajpayee said on Saturday that bureaucracy was to blame for the slow pace of implementing economic reforms and vowed to remove bottlenecks to faster growth.



Rediff.com crashes below $ 3
American Depository Share price of India's lone portal listed on the Nasdaq has crashed below the psychological barrier of $ 3 on Friday.



Other headlines
WB clears Rs 650 cr loan for Tamil Nadu
Centre unresilient on drought funds -- Malviya
Wipro to focus on Asia-Pacific, Europe
Jalan rules out rate cut
Only promises, no action -- Industry
Investors look to Federal Reserve as US economic growth slows down