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Stocks in News

* DEN NETWORK: The company exited all three units by selling its entire stakes 50.99% in Den Fateh Marketing, 56.88% in Den Budaun Cable Network, and 51% in Mahadev Den Cable Network resulting in all of them ceasing to be subsidiaries.

* INFO EDGE: The company plans to invest Rs 70 crore in Startup Investments (Holding) and Rs 5 crore in Smartweb Internet Services

* PANORAMA STUDIO INTERNATIONAL: The company signed a pact with Indywood Distribution Network to exploit airborne rights for eight films in India and abroad, and its Board will meet on Dec 1 to set the record date for determining shareholder eligibility for the proposed bonus issue.

* WHIRLPOOL INDIA: Promoter Whirlpool Mauritius will sell up to 95 lakh shares (7.51% equity) through an accelerated bookbuild at a floor price of Rs 1,030 a 14.2% discount resulting in a fully secondary sale valued at Rs 910 crore.

* INDIA GLYCOLS: The company raised Rs 467 crore through a preferential allotment of 51 lakh shares, with the funds earmarked for reducing overall debt.

* PATEL ENGINEERING: The company received two Letters of Intent from SECL for coal excavation and transport at Jhiria West OCP, Bilaspur, worth Rs 798.19 crore.

* ASHOKA BUILDCON: The company’s subsidiary sold five SPVs to Maple Infrastructure Trust for Rs 1,814 crore.

* MAHINDRA AND MAHINDRA: The company unveiled the world’s first Formula-E themed SUVs, pricing the FE2 at Rs 23.7 lakh and the FE3 at Rs 24.5 lakh, with bookings for the BE6 Formula-E Edition opening on Jan 14, 2026, and deliveries starting Feb 14, 2026.

Economic News

* Fitch unit raises GDP projection to 6.5% for this fiscal: India's economic growth forecast for 2025-26 has been raised to 6.5 percent. This positive outlook is driven by strong performance in the second quarter of the current financial year. Goods and Services Tax reforms are credited with improving the business environment and reducing uncertainty. Industrial production also saw a significant increase. These factors are expected to boost economic activity.

Global News

* Jobless claims hit 7-month low, easing layoffs but dimming hopes for a December Fed rate cut: Jobless claims hit a seven-month low, signaling low layoffs even as hiring softens, reducing chances of a Fed rate cut in December. US weekly jobless claims fell to a seven-month low, showing layoffs remain subdued despite a cooling labor market struggling to generate enough jobs. Strong claims data weakens the case for a December Fed rate cut, even as the Beige Book flags slight employment declines driven more by hiring freezes than layoffs. Continuing claims are rising, hinting at growing labor market slack, while trade and immigration uncertainty has created a “no hire, no fire” environment. AI-driven job cuts from firms like Amazon may surface in claims next year. Meanwhile, firms are boosting equipment spending, with core capital goods orders surging and GDP on track for a strong Q3. Overall, steady layoffs but softening hiring suggest the Fed will likely avoid pushing for a rate cut in December.

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