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In the past, the drivers of Congress’s political and economic philosophy have ranged from ideological conviction to political compulsion. Under Rahul, the party seems to be reviving its leftward tilt.

Upcoming IPOs: Mahanadi Coalfields and Milestone Gears may launch mainboard issues worth a combined Rs 10,000–11,000 crore. Check issue details

Nomura names four Buy-rated stocks, including Tata Steel and Dabur India, with upside potential of up to 43%.

HDFC Defence Fund increased its holdings in BEL, BEML, Bharat Forge, Tata Motors and another stock in October, according to its latest portfolio disclosure. The fund also added three new stocks during the month, taking its total portfolio to 27 stocks. Here's a look at its latest stock additions, sector allocation and performance against its benchmark.

Mahanadi Coalfields is gearing up for a potential $1 billion IPO that could value Coal India's subsidiary at up to $10 billion. With Sebi clearance secured and investor meetings underway, the offering could be among India's biggest public issues. Here's what investors should know about the company's operations, financial performance, IPO structure, key customers and growth prospects.

India’s IPO pipeline is gaining pace, with eight companies—including Mahanadi Coalfields, Veritas Finance, Razorpay and MakeMyTrip’s Indian subsidiary—moving closer to public offerings. Their proposed issues range from fresh capital raises to offers for sale, and vary widely in size and structure.

India approved Rs14,500 crore for 92 GWh of grid-scale storage. Edition 13 tests the scheme’s legal design, financing, domestic-content rule and delivery risks while tracking power, renewables, coal, oil, gas and COP31.

The world may be heading towards its first annual decline in fossil-fuel carbon emissions since the Covid-19 pandemic. But the latest Global Carbon Budget, released on November 10 alongside the COP31 climate summit in Antalya, Turkey, offers a rather uncomfortable qualification: geopolitical disruption, rather than climate policy alone, is helping deliver the decline. However, that will not be enough to prevent 2026 from being the warmest on record yet, since measurements began. Global emissions from burning coal, oil and gas are projected to fall by 0.4% in 2026, to 38.2 billion tonnes of CO₂. The last comparable annual decline was in 2020, when the pandemic brought much of the global economy to a standstill. This time, the expansion of solar, wind and electric vehicles is contributing to the reduction. But the conflict involving Iran and disruption to oil supplies through the Strait of Hormuz have also pushed energy prices higher, curbing oil consumption. The distinction matters. A decline caused by consumers and businesses permanently switching to cleaner technologies is fundamentally different from one caused by temporarily expensive or unavailable fossil fuels. Five numbers that explain the picture 1. 0.4% – The projected fall in fossil-fuel emissions After years of increases, global emissions from fossil-fuel consumption are expected to decline marginally in 2026. However, this does not yet establish a sustained downward trend. 2. 4.6 billion tonnes – Emissions avoided through solar and wind Solar and wind are projected to avoid 4.6 billion tonnes of CO₂ emissions in 2026, compared with just 280 million tonnes in 2010. Together with electric vehicles, clean technologies are now meeting approximately two-thirds of the increase in global energy demand. This is perhaps the most encouraging finding. Renewable energy is no longer merely an alternative source of electricity; it is increasingly changing the trajectory of global fossil-fuel demand. 3. 1.9% – The projected decline in oil emissions Oil-related emissions are expected to fall by 1.9%, largely reflecting the energy-price shock following the Iran conflict. Coal emissions, meanwhile, are projected to rise 0.6%, while natural gas emissions decline 0.3%. This divergence is important. The world is not moving away from all fossil fuels at the same pace, and energy security concerns continue to shape fuel choices. 4. 0.9% versus 4.4% – China and India move in opposite directions China's fossil-fuel emissions are projected to decline 0.9% in 2026, while India's are expected to rise 4.4%, faster than India's average annual growth of 3.5% over the previous decade. The comparison is particularly relevant because China accounts for approximately 32% of global fossil-fuel emissions, while India remains one of the fastest-growing major energy markets. The divergence also reflects the different stages of their energy transitions. China's enormous deployment of solar, wind, batteries and electric vehicles is increasingly affecting its energy mix. India, meanwhile, continues to see rapidly growing electricity and transport demand, much of which is still being met by conventional energy sources. 5. 150 billion tonnes – The remaining carbon budget for 1.5°C Even with the projected decline, the remaining carbon budget for limiting warming to 1.5°C is estimated at just 150 billion tonnes. At current emissions rates, that represents less than four years of emissions. More worryingly, when land-use emissions, including deforestation and peat fires, are included, total global CO₂ emissions are projected to rise to 43.3 billion tonnes in 2026, against 42.8 billion tonnes in 2025. The uncomfortable question for COP31 The latest numbers underline a fundamental challenge for climate policymakers. The world is making substantial progress in deploying clean technologies, but not yet fast enough to ensure that fossil-fuel consumption falls sustainably. There is also a risk that the present decline could reverse. Researchers warn that oil consumption and emissions could rebound if geopolitical tensions ease and energy prices return to lower levels. That leaves COP31 with a more complicated message than a simple emissions milestone. Solar, wind and electric vehicles are increasingly displacing fossil fuels, but energy shocks can still have a significant influence on global emissions. The real test will be whether the decline continues when oil supplies normalise and prices fall again. For the energy industry, the implication is clear: the case for renewables cannot depend on temporary fossil-fuel shortages or high prices. It must increasingly rest on their ability to provide cheaper, reliable and secure energy even when conventional fuels become readily available again.

India Morning Times is an online news publication focusing on the India: Your daily news update on India

(MENAFN) Global carbon dioxide emissions from fossil fuel consumption are forecast to fall by 0.4% in 2026, partly reflecting disruptions to energy markets caused by the Iran conflict, alongside the ...