Personal finance Wednesday

Nokia launches music phone X2 at Rs6,579; Baroda Pioneer MF unveils Baraod Pioneer PSU Equity Fund; HDFC Mutual Fund introduces HDFC FMP 100D September 2010 (2); L&T Mutual Fund floats L&T FMP-I (September24M A); SBI Mutual Fund launches SBI Debt Fund Series-24 Months-2
 
 Nokia launches music phone X2 at Rs6,579

Mobile handset maker Nokia has launched its latest music phone, Nokia X2 in the market at a price of Rs6,579. Nokia X2 comes with dedicated music keys and 3.5mm AV connector, FM radio with built-in antenna, a digital music player and loud stereo speakers for sharing music. It also offers a 5 megapixel camera with flash and a video recorder.

Baroda Pioneer MF unveils Baraod Pioneer PSU Equity Fund

Baroda Pioneer Mutual Fund has launched Baraod Pioneer PSU Equity Fund, an open-ended growth scheme. The investment objective of the scheme is to provide long-term capital growth along with liquidity by making investments in equity stocks of domestic public sector undertakings. The scheme offers two options - growth and dividend. The new fund offer (NFO) price for the scheme will be Rs10 per unit. The scheme opened on 13th September and will close on 24th September. An exit load of 1% will be applicable if the units are redeemed on or before 365 days from the date of allotment. The minimum investment amount is Rs5,000. The benchmark for the scheme is BSE PSU Index.

HDFC Mutual Fund introduces HDFC FMP 100D September 2010 (2)

HDFC Mutual Fund has introduced HDFC FMP 100D September 2010 (2), under HDFC Fixed Maturity Plans-Series XIV. The scheme is a close- ended income scheme. The investment objective of the plan under the scheme is to generate income by making investments in debt instruments maturing on or before the maturity date of the plan. The plan offers growth and dividend (payout) option. The plan opens of 15th September and closes on 16th September. The new fund offer (NFO) price for the plan is Rs10 per unit. The exit load for the plan is nil. Minimum investment amount is Rs5,000. The minimum target amount is Rs1 crore. The benchmark index for the plan is Crisil Liquid Fund Index.

L&T Mutual Fund floats L&T FMP-I (September24M A)

L&T Mutual Fund has launched L&T FMP-I (September 24M A), a close-ended income scheme. The investment objective of the plan under the scheme is to achieve growth of capital by making investments in debt/fixed income securities maturing on or before the maturity of the plan. The scheme opened on 13th September and will close on 22nd September. The exit load for the plan is nil. The new fund offer (NFO) price for the plan will be Rs10 per unit. The minimum investment amount is Rs5,000. The plan offers growth and dividend (payout) option. The minimum target amount is Rs1 crore. The benchmark index for the plan is CRISIL Short Term Bond Fund Index.

SBI Mutual Fund launches SBI Debt Fund Series-24 Months-2

SBI Mutual Fund has launched SBI Debt Fund Series-24 Months-2, a close-ended income scheme. The investment objective of the scheme is to provide regular income, liquidity and returns to the investors by making investment in debt instruments. The scheme has two options - growth and dividend (payout). The scheme opened on 13th September and will close on 17th September. The new fund offer (NFO) price for the scheme will be Rs10 per unit. The minimum investment amount is Rs5,000. The benchmark index for the scheme is CRISIL Short Term Bond Fund Index. The exit load for the scheme is nil.
 

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US should invest to create jobs, not take regressive steps: NASSCOM chief

Bangalore: Describing US "protectionist" moves as a "disturbing trend", apex IT industry body NASSCOM today said it hoped that America will make more investments to create jobs, instead of taking such "regressive" actions, reports PTI.

"I hope the US makes more positive investments to create jobs and to become competitive, rather than taking any regressive action which seems negative and will lead to protectionist measures around the world," NASSCOM chairman Som Mittal said.

The state of Ohio in the US recently banned outsourcing by government departments to offshore locations like India.

The move came shortly after the US enacted a controversial legislation that proposed to strengthen security along its border with Mexico by increasing H-1B and L1 visa fees, which are highly sought after by Indian IT professionals.

Talking to reporters on the sidelines of the NASSCOM Infrastructure Management Services Summit 2010 here, Mr Mittal said the industry expects to hear more noise on the issue in view of the forthcoming elections to the US Senate and House of Representatives, but "we do not know in what form or shape it would be".

It was also not necessary that it would all be targeted at India, he added.

On the issue of flexible work permits and single visas for European Union countries, which the Indian IT industry has been clamouring for, he said NASSCOM had been working with the EU for last two years. It has produced a white paper, which has been accepted, he said.

He said this would be a "win-win situation not only for Indian service providers, but for everyone". At present, one has to apply to individual EU countries separately for a visa.

If a single visa was allowed, it could simplify things and reduce costs, not only in terms of application and processing fees, but also in travel planning and efficient use of people.

Such move might take a year's time given the fact that all the EU countries had to agree to it, he added.

On whether there is any opposition to the move, he said there were concerns, but was confident that the hurdles would be cleared.
 

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COMMENTS

Shadi Katyal

6 years ago

One often wonders that how we Indians think that we can advise USA what to do? One cannot justify such statements from people of business.Does Mr. Mittal think that USA wish to keep unemployment of around 10% and let few of our countrymen come in to take their jobs.
why is that we instead of studying the whole picture try to justify such statements.
State of Ohio and many others are trying to pacify their citizens. In election year one can state anything to get votes and elected but do anyone think that such words like Mr. Mittal will help in the long run.l
We must seek maturity and watch our selves how and what we say

Japan intervenes for a weaker yen

The country is moving to boost its export-led economy; this is the first time it has acted on its currency since 2004.

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