US markets hit fresh 13-mth closing high; Asia mixed
US markets hit fresh 13-month closing highs post Bernanke’s comment, weak dollar, US retail sales. Bernanke signaled plans to leave rates low for a while leading to weakness in dollar and gain in commodities. S&P 500 closed above 1100 for the first time since October 2008. Dow Jones gained 136.5 points or 1.33% to 10,407. [...]

Fund Action – Tata Motors DVR
Fund Action: Tata Motors DVR, Asian Electronics, Austral Coke Tata Motors DVR: Tata Sons sells 10 lk shrs at Rs 475.30/sh. Tata Steel sells 10 lk shrs at Rs 480/sh. TNTBC Trustee Of Asia buys 5 lk shrs at Rs 480/sh. Pru AMC buys 5 lk shrs at Rs 480/sh. Asian Electronics: U.S. Instruments sells 6.3 lk [...]

Dow logged a solid 130-plus point’s gain and the S&P 500 closed above the key 1100 mark
Dow logged a solid 130-plus point’s gain and the S&P 500 closed above the key 1100 mark after Fed Chairman Bernanke signaled he plans to leave rates low for a while; Indian ADRs ended mostly in green In the US markets, the Dow logged a solid 130-plus point’s gain and the S&P 500 closed above the [...]

JP Associates board approves raising up to Rs 500 cr via private placement
JP Associates board approves raising up to Rs 500 cr via private placement; approves offer for sale of 6 cr shares held in Jaypee Infratech JP Associates board approves raising up to Rs 500 cr via private placement. The company approves offer for sale of 6 cr shares held in Jaypee Infratech which is around 5% [...]

Foreign telecom firms abstain from 3G meet
Foreign telecom companies on Monday stayed away from a meeting to discuss the blueprint for 3G (third generation) mobile spectrum auction, while domestic players were riddled with doubts regarding regulation and availability of airwaves. The Department of Telecom member (finance), Mr Vijayalakshmi K. Gupta, said that the department would, on December 8, issue the final blueprint [...]