Bizbits

FII investments up $ 147 mMUMBAI: Net investments by FIIs have grown by $ 147.1 million since the Kargil crisis unfolded in May. Total in...

FII investments up $ 147 m

MUMBAI: Net investments by FIIs have grown by $ 147.1 million since the Kargil crisis unfolded in May. Total inflows till date into the Indian stock market increased to $ 9.696 billion from $ 9.55 billion on May 25. Total FII investments since January this year has crossed $ 1 billion, registering Rs 4,450 crore in rupee terms. Gross purchases for the year was Rs 17,354.8 crore as against sales of Rs 12,904.9 crore. FIIs accounted for gross purchases of Rs 187.9 crore and sales of Rs 123.7 crore – a net investment of $ 14.9 million on Monday .

Advani-Oerlikon pays 25 pc dividend

MUMBAI: The turnover of Advani-Oerlikon for 1998-99 has increased to Rs 210.66 crore from Rs 198.47 crore in the previous year. The directors have maintained the dividend at 25 per cent. The profit before tax amounted Rs 12.92 crore against Rs 13.02 crore as a result of various influencing factors. Consequently, there is also a marginal decrease in the profit after tax from Rs 9.77crore to Rs 9.32 crore.

Multi-utility mixer grinder from Softel

MUMBAI: Softel, a brand known for its innovative kitchen appliances like hand blenders, ice cream maker and soda fountain have redesigned the mixer grinder. The basis of this design exercise is the expertise of Sanjeev Kapoor – leading chef and authority on Indian cooking. Softel has designed and patented the new generation mixer grinder which is launched under the brand name FudPro.