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Shashi Tharoor on Wednesday said he doesn't think the China border is fortified the way the national capital is, adding that it's a democratic right of the farmers to protest and to be heard in the national capital. The member of Parliament for Thiruvananthapuram was reacting over the ongoing farmers' protest near different borders of the national capital demanding a legal guarantee for the Minimum Support Price (MSP) for all crops, a complete waiver of farmer debts, pensions for farmers, and the implementation of the Swaminathan Commission's recommendations. “It's a democratic right of the farmers to protest and come and be heard in the National capital.

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NEW DELHI : The Sixteenth Finance Commission (SFC), whose members were appointed last month, held its first meeting on Wednesday to discuss the terms of reference and other matters, the finance ministry said in a statement. The SFC acknowledged the need for wide-ranging consultations with various stakeholders, including state governments, local bodies, Union ministries, and experts, the statement said.

16th Finance Commission (XVI-FC) on Wednesday held its first meeting under the Chairmanship of Arvind Panagariya here. During the meeting, the commission discussed its Terms of Reference, as per the order by the President of India and notified by the Ministry of Finance on December 31, 2023, an official statement said. The distribution between the Union and states of the net proceeds of taxes, which are to be, or may be, divided between them under Chapter I, Part XII of the Constitution and the allocation between states of the respective shares of such proceeds, are among the Terms of Reference (ToR) approved by the Cabinet. Another ToR is about the principles governing the grants-in-aid of the revenues of states out of the Consolidated Fund of India and the sums to be paid to states by way of grants-in-aid of their revenues.

Jagjit Singh Dallewal on Wednesday said they are ready for holding talks with the Centre over their demands, including a legal guarantee to minimum support price. Citing media reports, Dallewal said Union Minister Anurag Thakur has, in his statement, said that the Centre was ready for holding talks and was also ready to resolve the issues of the farmers. «We do not want to give any room to the Centre for saying that it was inviting us, but they did not accept it. That we have accepted and we are ready for talks,» he told reporters at the Shambhu border. Dallewal said the farmer leaders have taken the consent of fellow farmers for holding talks.

hundreds of farmers were tear-gassed at the Delhi borders to restrict them from entering the national capital. Farmer unions have huddled at Delhi borders to pressure the government in accepting their demand of a law that guarantees MSP for all crops and the determination of crop prices as per the Swaminathan Commission’s report.

Basant Panchami 2024, students and devotees of goddess Saraswati worship the almighty and seek wisdom and knowledge in the form of blessings. It is also recommended to worship the books and wear yellow clothes on Basant Panchami. Investors can also draw some useful money lessons on this day to give an impetus to their portfolio.

₹72 crore initial public offering (IPO) of Vibhor Steel Tubes received a remarkable response from investors on its first day of bidding, with subscription reaching 27.63 times. Opened on February 13, the bidding attracted bids for 9.92 crore shares against the available 35.92 lakh shares. The IPO will remain open until February 15.

Nilesh Shah, MD of Kotak Mahindra AMC says there are mixed signals in the market for various segments. While there is a green signal for large caps, there are red signals for micro, mini-caps and SMEs. In an interview with Mint, Shah recommends investors should maintain a neutral allocation to equity with a long-term view while keeping some cash to increase exposure when valuation is cheaper.

wealth creation requires consistent investment over a long period of time. Investors are expected to focus on the ‘time’ period of investment instead of ‘timing’. This means, investors are meant to stay invested for a long period of time rather than waiting for the correction to happen before a good buying opportunity arises.

Hindalco Industries shares on Wednesday extended their losses to over 13% in two sessions notwithstanding a 71% year-on-year (YoY) jump in its December quarter net profit as the Novelis capex shocker weighed on the stock. However, the intensity of decline was substantially lower on Wednesday with less than 1% fall around 11 am. A clutch of brokerages remains optimistic about the long-term story of Hindalco expecting the company to benefit from Novlis capex, over time. While Jefferies, Motilal Oswal and JM Financial have reiterated their buy views, Kotak Institutional Equities has an 'Add' stance. Nuvama on the other hand has recommended a hold and cut the price target.

Jana Small Finance Bank debuted with a discount of 4.35% on the exchanges on Wednesday. The stock listed at Rs 396 on BSE as against an issue price of Rs 414. Ahead of the listing, the company's shares traded with a premium of Rs 30 in the unlisted market.

World markets today: US stocks sink after inflation data dampens rate cut hopes; Dow, S&P 500, Nasdaq dip over 1% "Investors can look to exit the stocks (fully or partly) from their portfolio: (i) where they did not have conviction, but bought based on external recommendation, (ii) where they have made good profits on stocks which were bought based on their study and conviction, (iii) where the weight of the stock in their portfolio has risen too much and by rebalancing they can bring their weight to appropriate levels," said Deepak Jasani, Head of Retail Research, HDFC Securities. Shrey Jain, Founder and CEO of SAS Online suggests traders worried about their portfolios need to dump high beta stocks.

₹430.25 on NSE, an 8 percent discount to its issue price of ₹468. Meanwhile, on BSE, the stock fell 7 percent from its issue price to list at ₹435. The ₹523.

Rashi Peripherals were listed at a premium of 7.7% over the issue price of Rs 311 at Rs 335. Meanwhile, on NSE, it listed at a premium of 9.2% at Rs 339.5. The initial public offer (IPO) of Rashi Peripherals has been subscribed 59.71 over the three-day issue period. The retail portion was subscribed 10.44 times receiving consolidated share bids over 7.43 crore crore against 71.18 lakh shares available for subscription. The non-institutional investors' portion was booked 62.75 times while the qualified institutional buyers' (QIBs) portion was subscribed 143.66 times.

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earnings for the December quarter later today, and analysts widely expect the company to report strong numbers on the back of healthy demand in the domestic market. Core Earnings Net profit for the quarter is seen rising 21.2% year-on-year (YoY) to Rs 2,428.30 crore, according to the average of estimates given by seven brokerage firms.

The Nifty futures closed positive with gains of 0.55% at 21816 levels on Tuesday. India VIX was down by 1.56% from 16.06 to 15.81 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones.

Farmers Protest: Check Live Updates The officials underscored the impracticality of implementing such legislation, highlighting that the total value of agricultural produce in the country during FY20 stood at Rs 40 lakh crore, whereas the market value of the 24 crops under the MSP regime was estimated at Rs 10 lakh crore.

Indian stock market: Frontline indices the Sensex and the Nifty 50 ended higher on Tuesday, February 13, driven by notable performances from specific banking giants. Nifty 50 rose 127 points, or 0.59 per cent, to end at 21,743.25 while the Sensex closed at 71,555.19, up 483 points, or 0.68 per cent. Mid and smallcaps also ended in the positive territory.

Sensex gained 482.70 points, or 0.68%, to close at 71,555.19, while the Nifty 50 ended 127.20 points, or 0.59%, higher at 21,743.25. “Going ahead Nifty is expected to remain in the broader range given the lack of positive triggers globally and mixed set of domestic Q3 earnings which too is unable to provide any support.