All that glitters
Gold is fast losing its glitter. The yellow metal is now available at its 20-year low in the international markets. This has happened despite record purchases made by India, the largest consumer, during the past two years.

Key to revival
Hard evidence of green shoots comes from the latest rise in the official index of industrial production. The rise in the May index by 7.2% is a certain pointer to the end of recession that surfaced in the second half of 1995-96.

Future trends in insurance advertising
The imminent opening up of the Indian insurance industry will bring about a sea change in the ways insurance products and services are advertised.

  The Index
  `L&T's operating cost is among the lowest'