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        SBI Mutual Fund has launched a new fund for 90 days under Debt Fund series. It’s a close-ended debt scheme. And the fund would be invested in a portfolio of AAA/AA plus rated debt instruments, government securities, securitised debt and money market instruments. The new fund offer opened for subscription from 7 September and closed on 11 September. The minimum investment in the fund is Rs 50,000 and in multiples of Rs 1000 thereafter SDPS 90 days fund would have options of growth and dividend. There is no entry load for the fund but an exit load of one percent will be charged for exit before the maturity date. SBI Debt Fund series is also rated by Crisil.

        Sony Ericsson announced the launch of its latest addition to the Walkman range—W580i. The new series is a sleek and easy-to-use with value added features. It comes with bluetooth audio streaming where music can be enjoyed wirelessly on a stereo bluetooth headset. Moreover, it has 2.0 megapixel camera tucked within the slider itself, in addition to the stacks of gaming, fun sports and entertainment features.The product is priced at Rs 13,200.

        Apparel Export Promotion Council (AEPC) has criticised the recent expose by UK-based newspaper alleging poor working conditions in the garment sector. Vijay Agarwal, chairman of AEPC said, ‘the report is aimed at tarnishing the image of India and its exporters. Allegations were that the workers were underpaid and forced to work overtime and were abused. ‘There is no legal or industry-agreed definition for a living wage—it varies from place to place. Indian garment exporters including Gokaldas and Texport abide by the labour laws of the land.

        The Indian labour laws clearly set out the minimum wages and work hours which are followed by all the manufacturing units across all industries. The AEPC feels that the government should counter this kind of false propaganda as the Indian Textile and Apparel sector is critically important to the India economy contributing more than 80 per cent the net export earnings of the country.

        Lotus Herbals has come out with its latest range of Color Marvel. The non-toxic nail enamel is acetone, toluene and DBP-free, all toxins which harm the nails and the health in the long run. Color Marvel keeps nail healthy and full of shine for long. They come with an extended, flat and sturdy brush for an even and zero-streak application. It’s available in exciting 30 shades and is priced at Rs 79.