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The overseas businesses were subdued as lower sales volumes offset the benefit of 33% and 16% y-o-y growth in realizations in the UK and the Netherlands, respectively. View More

“Iran militarily is effectively over,” Trump said, citing the destruction of its navy and surging inflation that he said has hollowed out Tehran's economy. View More

In this article@LCO.1@CL.1Follow your favorite stocksCREATE FREE ACCOUNT U.S. President Donald Trump speaks in the James S. Brady Press Briefing Room of the White House on Nov. 9, 2026 in Washington, DC. Chip Somodevilla | Getty ImagesU.S. President Donald Trump said on Monday that the war with Iran could end "fairly soon," adding that Tehran was "talking very politely" with Washington.Trump told reporters in the White House Monday, after a meeting with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, that "We're seeing momentum toward the end of this conflict. I think it's going to be ending fairly soon.""Iran militarily is effectively over," Trump said, citing the destruction of its navy and surging inflation that he said has hollowed out its economy.Qatar, Saudi Arabia, UAE, Bahrain, Kuwait would "prefer the status quo" which involves maintaining the naval blockade against Iran and "Operation Iron Gate" — a task force announced on Saturday aimed at preventing Iran from using ground routes to transport advanced weapons and other materials — Trump said in a Truth Social post.He reiterated that Iran would not be allowed to have a nuclear weapon and kept the door open for potentially resuming strikes should circumstances change. "America is 'docked and loaded' and ready to go," he said, though caveating that new strikes were "quite unlikely." The conflict, now in its ninth month, has driven a surge in fuel prices, hitting nearly every sector of the global economy. The U.S. had reportedly planned for a potential increase in naval forces in the Middle East in the run-up to the midterm elections, with Trump hinting at escalating the conflict after the results. The administration has since toned down the war rhetoric after bruising midterm election results that saw Republicans lose both chambers of Congress as voters expressed frustration with soaring living costs stemming from the war. watch nowVIDEO3:4503:45Crude oil can hit $150 per barrel if conflict escalates, but a collapse is aheadSquawk Box AsiaA diplomat briefed on the Qatar meeting told Axios that Trump told Al Thani that he wanted a deal and would give talks a chance, but could reverse course if Iran does not take the negotiations seriously. Iran has put forward a two-day proposal to the U.S. via Qatari mediators, Reuters reported, citing a senior Iranian official, demanding lifting of the sanctions imposed on Tehran and a new shipping route in the Strait of Hormuz. Washington was reviewing the proposal, according to the report. Iranian officials have disputed that talks with Washington were underway. Mohsen Rezaei, secretary of Iran's Supreme National Security Council, reportedly said that Washington should stop "manufacturing fake news about imaginary talks." Oil prices edged lower on Tuesday on the prospect of de-escalation, extending losses from the previous day. U.S. West Texas Intermediate dropped over 1% to $85.8 per barrel, after sliding more than 4% in the prior session. Brent futures dropped more than 1% to $91.56 a barrel, hovering near 10-week low levels. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Trump called C-SPAN's new primetime show unannounced after a surprise White House briefing-room and ballroom appearances. View More

Dana White, president of Ultimate Fighting Championship (UFC), left, and US President Donald Trump during a news conference in the James S. Brady Press Briefing Room of the White House in Washington, DC, US, on Monday, Nov. 9, 2026. Trump said the FBI is looking into Nvidia Corp. Chief Executive Officer Jensen Huang's affair with a woman who is reportedly suspected to have been a Chinese intelligence officer. Photographer: Tierney L. Cross/The Washington Post/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesPresident Donald Trump made an unexpected call into C-SPAN's evening broadcast Monday, extending a series of surprise appearances after Republicans' midterm election defeat."It looks like we've got a call from the White House," host Mimi Geerges told viewers as Trump joined the debut of "Washington Journal Primetime."Trump congratulated Geerges on the launch before taking questions on immigration, Defense Secretary Pete Hegseth and the Iran war.Asked what he watches on C-SPAN, Trump said he follows viewer call-ins to gauge public sentiment."I like to watch the call-ins because it gives me a little of an indication of where we are," he said.The unannounced, eight-minute call followed another unexpected appearance earlier Monday, when Trump entered the White House briefing room alongside UFC CEO Dana White. Reporters were summoned so quickly that aides did not have time to attach the presidential seal to the podium, according to Reuters.It was Trump's first briefing room appearance in 198 days, according to a White House pool report. With the press secretary post vacant, Trump joked about offering White the job, to which the UFC chief declined.Trump said he had been having "a very bad press day," as he floated White as his next press secretary.Last Wednesday, a day after Republicans suffered substantial midterm losses, Trump also abruptly invited reporters to the construction site of his White House ballroom for his first public event since the election.Trump spent more than 20 minutes discussing White House construction and renovation projects, including the ballroom's Corinthian columns, marble flooring and the helipad, before turning to the election results during questions from reporters.US President Donald Trump looks at a steel beam he signed as he speaks at the construction site of the East Wing ballroom at the White House in Washington, DC, on November 4, 2026. Mandel Ngan | Afp | Getty ImagesWhen asked whether he regretted how his campaign had ended, Trump distanced himself from the Republican losses."If I were on the ballot, we would have won," he said.Democrats won control of both the House and Senate in the Nov. 3 elections, dealing Trump a major political setback and setting up a divided government when the new Congress takes office in January.Trump has long favored direct telephone contact with the media, including live calls to Fox News programs such as "Fox & Friends" during his first term.CBS News previously reported that Trump personally arranged one such television appearance, while The Associated Press has documented his habit of contacting journalists directly by cellphone to pitch stories and react to live coverage.— CNBC's Daniel Mangan contributed to this story. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

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. View More

India's booming IPO market is gearing up for another billion-dollar offering following the strong listings of Jio Platforms and the National Stock Exchange ( NSE ). State-owned Coal India 's subsidiary, Mahanadi Coalfields, has received regulatory clearance for a public issue that could raise as much as $1 billion and value the coal producer at up to $10 billion. Market regulator Sebi issued its observations on Mahanadi Coalfields' draft offer documents on November 4, clearing a key regulatory hurdle for what could be one of the country's biggest public offerings in the coming months. The company is preparing to launch the IPO in the second half of November or early December, Bloomberg reported earlier this month. Investor meetings have already begun, although the final issue size, valuation and timing of the offering could still change. The proposed listing comes at a time when India's primary market continues to attract strong investor interest, with several large companies tapping the stock market despite volatility in benchmark indices. Jio Platforms raised around Rs 30,188 crore through its October IPO, while NSE mobilised approximately Rs 22,562 crore in September. Both offerings ranked among the country's largest public issues and drew substantial participation from institutional and retail investors. Live Events Mahanadi Coalfields could now add another marquee name to the 2026 IPO calendar, extending an active year for India's equity capital markets. Coal India to sell stake According to its draft red herring prospectus, the Mahanadi Coalfields IPO will consist entirely of an offer for sale of up to 66.18 crore equity shares by Coal India. The share sale represents a 10% stake in the company, which is currently wholly owned by the state-run mining giant. Since there is no fresh issue component, Mahanadi Coalfields will not receive any proceeds from the offering. The money raised will go entirely to Coal India, the selling shareholder. At the reported valuation of $10 billion, the 10% stake sale could fetch $1 billion, making it one of the largest remaining IPOs of 2026. However, the company has yet to announce its official price band, IPO dates or lot size. SBI Capital Markets, Axis Capital , BOB Capital Markets, IDBI Capital Markets & Securities, and IIFL Capital Services are the book-running lead managers for the issue. The proposed listing will give investors an opportunity to directly own shares in one of India's largest coal-producing companies, whose operations are currently housed within the listed Coal India group. Mahanadi Coalfields: India's largest coal producer Incorporated in 1992, Odisha-based Mahanadi Coalfields is India's largest coal producer by output and Coal India's biggest producing subsidiary. The company produced 218.31 million tonnes of coal in FY26, accounting for approximately 22.4% of India's non-coking coal production, according to a CRISIL report cited in its draft prospectus. It contributed around 28.3% of Coal India's total production during the financial year. Mahanadi Coalfields operates primarily in Odisha's Talcher and Ib Valley coalfields, supplying coal to power plants and industrial consumers across the country. As of June 30, the company operated 17 mines, including 14 opencast and three underground mines. Its operations are supported by coal handling plants, silos, rapid loading systems and railway connectivity, facilitating coal transportation to customers. The company has an estimated coal resource base of 106.76 billion tonnes and audited reserves of around 9.84 billion tonnes, providing substantial long-term production visibility. Its major customers include thermal power producers, captive power plants and industries such as cement and sponge iron. Mahanadi Coalfields financial performance Mahanadi Coalfields reported revenue from operations of Rs 8,033.7 crore in the June quarter of FY27, compared with Rs 7,548.3 crore a year earlier, registering growth of 6.4%. However, net profit declined around 2% to Rs 2,398.7 crore from Rs 2,448.3 crore in the corresponding quarter last year. The company remains a major contributor to Coal India's production and earnings, backed by its large mining operations and established customer base. The IPO will allow investors to assess Mahanadi Coalfields independently, with its valuation likely to be benchmarked against Coal India and other listed mining companies. Another big-ticket IPO in a record year India's primary market has witnessed a string of high-profile share sales this year, including those of Jio Platforms and NSE. Jio Platforms' Rs 30,188 crore IPO opened for subscription on October 21 and attracted bids worth more than 22 times the shares on offer. The company made its stock market debut on October 28. NSE's Rs 22,562 crore offering, meanwhile, opened in September and was subscribed 5.7 times before its listing on September 24. Together, the two offerings demonstrated investor appetite for large, established businesses entering the public markets. Indian companies had raised about $18.48 billion through IPOs in 2026 as of early November, bringing the market closer to the record $22.36 billion mobilised in 2025. Mahanadi Coalfields' proposed $1 billion offering could provide a further boost to fundraising activity before the year-end. The share sale is also part of Coal India's broader plans to unlock value from its subsidiaries. Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here . .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Jindal and Italy's Arvedi Group have submitted binding bids for the troubled Ilva steelworks. The site is currently overseen by government-appointed commissioners due to long-standing financial issues. Prime Minister Giorgia Meloni's government aims to secure the site's steel production and protect jobs. Complications have arisen after a court ruling mandated the shutdown of blast furnaces due to health concerns. View More

Rome: India's Jindal and Italian steelmaker Arvedi Group have submitted binding bids for Italy's former Ilva steelworks , the special commissioners overseeing the company said on Monday, as the government seeks a buyer for the troubled industrial group. The commissioners will now assess whether the offers are complete and meet the tender requirements, according to a statement. Read more: Naveen Jindal weighs bid for EU firm Celsa The former Ilva business, now Acciaierie d'Italia (AdI) centred on the vast Taranto plant in southern Italy, is currently run by government-appointed commissioners after years of financial and operational difficulties. Prime Minister Giorgia Meloni 's government has been seeking a new owner as it tries to safeguard steel production and thousands of jobs at the site. Live Events A Supreme Court ruling last month ordering the shutdown of blast furnaces at the site on health and environmental grounds has complicated the sales process. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Coca-Cola bottler Hindustan Coca-Cola Holdings has filed for an IPO, structured entirely as an offer for sale. The company serves around 1.7 million retail outlets and sells 41 beverages across three categories. Coca-Cola holds 60% of HCCH, with Jubilant Beverages owning the remaining 40%. View More

Samvat 2083 stock picks: Experts believe selecting the right metal stock depends on your investment goal: capital appreciation & volume growth, dividend yields, or structural outperformance View More

The Sensex declined 362.13 points, or 0.45 per cent, to 80,637.27 from its previous close of 80,999.40, as selling pressure broadened across IT, metals and cement sectors, overwhelming early gains in banking and pharma stocks. View More

Sell orders accounted for 71.18 per cent of total order flow against 28.82 per cent buy interest, with over 2.45 crore shares changing hands worth ?459.92 crore by 11.33 pm. View More