FII Activity

The gross equity purchased was Rs.923.00 (in crores), and the gross debt purchased was Rs.100.80 (in crores). The gross equity sold was Rs.1,291.10 (in crores), and the gross debt sold was Rs.136.60 (in crores). The net investment of equity was Rs.(-) 368.10 (in crores), and the net debt investment was Rs.(-) 35.80 (in crores).

Asustek Plans To Invest 10mn Dollar In Manufacturing Facility

In order to broadbase its business, Taiwanese IT hardware products Company Asustek Computers mulls to initially infuse between 7.5 million dollar and 10 million dollar in a manufacturing facility here. Since the Indian market is price-driven, the company will increase its investments depending upon its market presence. The company is in the final stages of deciding on its manufacturing base in the country. Infrastructure and quality labour were the main factors it was considering. The company will be unveiling PCs with features addressing needs of the education and government sector in the next fiscal.

It was looking to manufacture these PCs in the country for the domestic market. While in the LCD monitor market, Asus is a small player, it has about 60 per cent market share in the domestic motherboard market. It is also in negotiation with telecom companies for sale of its networking equipment for broadband and with operators for unveiling Wimax on a national scale in the next fiscal.

Seagate To Acquire EVault For 185 mn Dollar

Seagate Technology declared the signing of a definitive pact to buy privately-held EVault Inc in a cash transaction accounted at 185 million dollar (around Rs 840 crore). EVault, a leading provider of online backup services, is hoped to beef up the Seagate Services group. Over the past three years, Seagate has been executing a strategy designed to broaden its customer base and increase growth opportunities by expanding beyond its core hard disc drive business into the broader storage solutions category. With the acquisition of EVault, Seagate Services will give data recovery via professional in-lab and on-site retrieval of content for corrupted or inaccessible storage devices all media formats and all brands. EVault is one of the industrys largest suppliers of online network backup, recovery and data protection solutions for SMEs and remote enterprise computing.

EVault is the Seagates most recent acquisition in the broader storage solutions area and third in the area of services. In 2005, Seagate acquired Mirra Inc, a leading provider of networked digital content protection products for the home and small business markets and Action Front, a professional in-lab data recovery company.