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Drumbeat: Ad Buzzaar

Expressions

Monday, May 18, 1998

	Reforms process: No second chance The country achieved independence around five decades hence and adopted a democratic policy. The country's liberation from the colonial rule was a result of a sustained independence struggle which can largely be termed as peaceful, barring a few stray periods which were dotted with revolutionary fervour.		Marico gets better and better Despite a difficult year in 1997-98 Marico came up with a decent set of results but more importantly improved on its return on capital and the return on equity. The stock reflects the gains reported by the company where it has gained 50% in the last two and a half months.
	A bargain for styrene producers Most of the people would shun looking at companies which has been referred to BIFR. Nevertheless Rajasthan Polymers is an excellent takeover target, because of it being a sick unit as per the Sick Industrial Companies Act 1985.		Tackling sanctions The combative prime minister has let it be known that the economic consequences of Pokharan II were taken into account in deciding to raise the nuclear threshold. If sanctions are imposed and loans and aid suspended, AB Vajpayee has asserted, "We will face them" and not fight shy of taking "difficult routes".

Money for movies
Sushma Swaraj has endeared herself to movie moguls by her promise to grant industry status to cinema. Most of us had no qualms about calling it the film industry, but it now appears that that nomenclature did not enjoy official benediction.

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