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| August 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Business Today (India))

Byline: Priya Srinivasan

Early on the morning of may 17, Rangnath 'Rangu' Salgame, the head of Cisco's Indian and SAARC operations, then in California on business switched on a business channel to catch up with the day's news only to have the importance of India driven home to him, again (not that he was not aware of it in the first place). NYSE had just opened for business, and the scrips of the top five telecom vendors listed on it had nosedived. The spot analysis? The previous trading session on BSE, which had witnessed a carnage, courtesy fears over the new government's commitment to economic reform. India was such an ...

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