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Cut off date on entry loads
I had invested in Magnum Tax Gain and Fidelity Tax Advantage via Systematic Investment Plans (SIPs). Despite the recent regulation by Sebi abolishing the entry loads, my investments in August were made subject to an entry load. Is the new regulation not applicable for existing investors as well?

India Eco Summit: Indians spending more on personal care
Shahana Joshi / New Delhi November 11, 2009, 0:34 IST

News of the day

Volkswagen, Suzuki: Joining forces
Volkswagen, Europe’s largest car maker, has bought 19.9 per cent stake in Suzuki Motor Corporation, Japan’s third largest carmaker, for $2.5 billion. Of course, Suzuki’s strength is in small cars and Volkswagen’s stated mission is to become the world’s largest car company, ahead of Toyota and General Motors. And that’s not possible unless you have a bevy of small cars in your portfolio. A full takeover would have given Volkswagen annual volumes of 4.4 million cars — way ahead of Toyota’s 3.5 million. At the moment, Volkswagen-Suzuki is merely an alliance.
Business Ideas

Toyota mulls price hike of Corolla Altis, Innova

Toyota Kirloskar Motor (TKM) is considering a price increase in Corolla Altis and Innova due to rising input costs and fluctuation in exchange rates, the company said in a statement today. - Toyota receives 5,000 bookings for its SUV Fortuner - Fiat aims to sale 50,000 units in next fiscal - Audi August sales jump 69% - Maruti Suzuki sales surge 42% in August - Toyota targets 150 dealerships in India by 2010 - Hyundai to invest $40 mn for setting up R&D centre Meanwhile, TKM said it had received a "record" 5,000 bookings of the Fortuner in just over a month. TKM is trying to ramp up monthly production figures from 500 to 600 units to meet high customer demand and also plans to sell 2,500 units of the Fortuner in 2009 against the earlier announced target of 2000 units, it said. "As of now, TKM dealers have been advised to take orders without advance payments, while committing to a tentative date of delivery", the company said. TKM announced a 35 per cent growth in overall sales in August 2009 over the same month last year. The Corolla Altis has registered a 91 per cent rise in sales for January-August 2009 as against the corresponding period last year.


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