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NATO is a "sacred commitment" for the US, President Joe Biden has said as he slammed his predecessor Donald Trump for his recent remarks encouraging Russia to attack certain nations of the 74-year-old military alliance by calling the comments «dangerous» and «un-American». Biden said the remarks by Trump, his likely challenger in the November 5 Presidential polls, underscored the urgency of passing a USD 95 billion foreign aid package for US allies. The bill just passed the Senate, but it faces political headwinds in the House. At the White House on Tuesday, Biden said a failure to pass the package — which includes USD 60bn for Ukraine — would be «playing into Putin's hands».

₹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.

₹396 apiece on the BSE, a discount of 4.35% to the issue price of ₹414 per share. On NSE, Jana Small Finance Bank shares were listed with a discount of 4.35% at ₹396 apiece. Jana Small Finance Bank raised ₹570 crore from the recently concluded initial public offer (IPO) which comprised a fresh issue of 1.12 crore equity shares aggregating to ₹462 crore and an offer for sale (OFS) of 26.08 lakh shares aggregating to ₹108 crore.

Capital Small Finance Bank debuted with a discount of 7% on the exchanges on Wednesday. The stock listed at Rs 435 on BSE as against an issue price of Rs 468. Meanwhile, the stock listed at Rs 430.20, down 8% on NSE. Ahead of the listing, the company's shares traded flat in the unlisted market.

Pulwama on this day in 2019. He said on X, “I pay homage to the brave heroes who were martyred in Pulwama. Their service and sacrifice for our nation will always be remembered." The Pulwama attack remains the deadliest terror attack on India's state security personnel in Kashmir since 1989.

Bank of America has named Infosys McCamish Systems (IMS), the US subsidiary of Indian software services giant Infosys, as the source of a data leak owing to a ransomware attack suffered by over 57,000 of its users in November, according to documents reviewed by ET. “On or around November 3, 2023, IMS was impacted by a cybersecurity event when an unauthorized third party accessed IMS systems, resulting in the non-availability of certain IMS applications. On November 24, 2023, IMS told Bank of America that data concerning deferred compensation plans serviced by Bank of America may have been compromised,” said a letter sent earlier in February to Bank of America consumers informing about the data breach. ET has reviewed the letter.

Aditya Birla Fashion and Retail (ABFRL), Ashok Leyland, Aurobindo Pharma, Balrampur Chini, Bandhan Bank, Biocon, Delta Corp, India Cements, Indus Towers, National Aluminium Company, Punjab National Bank (PNB), Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Hindustan Copper has moved out of the ban.

White House has called for ensuring a transparent election process in Pakistan and said there is a need to respect the will of the Pakistani people. US President Joe Biden is aware of the elections in Pakistan, White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Tuesday. «Obviously, the president is very much aware. Millions of Pakistanis turned out to vote last week, including record numbers of women, members of religious and ethnic minority groups, and young voters,» Jean-Pierre said.

Pakistan Muslim League-Nawaz on Tuesday nominated its president Shehbaz Sharif as the prime ministerial candidate of Pakistan instead of the party supremo and three-time former premier Nawaz Sharif. Taking to X, Pakistan Muslim League-Nawaz spokesperson Marriyum Aurangzeb said PML-N chief Nawaz Sharif, 74, has nominated his younger brother Shehbaz Sharif, 72, a candidate for the slot of prime minister and his daughter Maryam Nawaz, 50, for chief minister of Punjab province.

Russia is preparing for a military confrontation with the West within the next decade and could be deterred by a counter build-up of armed forces, Estonia's Foreign Intelligence Service said on Tuesday. A growing number of Western officials have warned of a military threat from Russia to countries along the eastern flank of Nato, calling for Europe to get prepared by rearming. The chief of the intelligence service said the assessment was based on Russian plans to double the number of forces stationed along its border with Nato members Finland and the Baltic States of Estonia, Lithuania and Latvia.

Republicans impeached US President Joe Biden's immigration chief on Tuesday, the culmination of months of attacks on the Democratic administration as they seek to make border security a key issue in November's election. Conservatives in the House of Representatives, which is narrowly controlled by Republicans, blame Homeland Security Secretary Alejandro Mayorkas for a surge in illegal entries from Mexico that they have called a «humanitarian catastrophe.»

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.

MUMBAI : Life Insurance Corp. of India (LIC) reaped windfall gains in the December quarter, selling a record $4.7 billion worth of shares of listed domestic companies as the shares reached all-time highs during the market bull run.

United States, the UK and Guam on Tuesday. Picketing members included cabin crew from 24 airlines including Alaska, Southwest Airlines, United Airlines and American Airlines. Shares of Alaska Air fell 2.1% in afternoon trade.

Jana Small Finance Bank IPO: The listing date of the initial public offering (IPO) of Jana Small Finance Bank has been fixed on 14th February 2024 i.e. today. As per the information available on the BSE website, the Jana Small Finance Bank IPO listing will take place in a special pre-open session on 14th February 2024.

F&O ban list: A total of 13 stocks have been put under the ban for trade on Wednesday, February 14, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Donald Trump's imploring Republicans to pass fresh aid for Ukraine. “For God sake, it’s dumb, it’s shameful, it’s dangerous, it’s un-American," Joe Biden said on Tuesday at the White House, referring to the former president’s comments. Donald Trump, the 2024 Republican presidential frontrunner, said that he would not want the US to come to the defense of NATO allies who did not meet the alliance’s targets for defense spending if Moscow attacked them.

By David Morgan and Richard Cowan

Electric Capital led the round with participation from Paxos and Alchemy, bringing the firm’s total seed raise to $28 million.Fordefi has built a self-custody multi-party computation (MPC) wallet for institutions, acquiring a host of industry-leading clients and securing over $3 billion in on-chain transaction volume.The new wallet-as-a-service (WaaS) offering enables exchanges, fintechs, and web3 businesses to offer their customers a user-owned wallet, directly within their applications.Curtis Spencer, general partner, Electric Capital, says: “Fordefi changes the game for safe institutional access to DeFi and crypto by providing novel tools around MPC, user policies, and transaction simulation.“Their new Wallet-as-a-Service offering extends their industry leading technology to any business wanting their customers to have the best mix of security and user experience to get on-chain.”

money through initial public offerings (IPOs) will have to give accurate details of the end use of the funds. The Securities and Exchange Board of India (Sebi) has increased scrutiny of IPO disclosures and, in several cases, asked companies to revise their issue documents as it observed funds are being used for purposes different from those listed in the application to the regulator. This is being done to avoid a longer lock-in of promoter shareholders' shares mandatory after an IPO.

Quiver Quantitative — The Democratic-controlled Senate's recent passage of a $95.3 billion aid package, heavily backed by President Biden, represents a significant moment in the United States' foreign policy landscape. This comprehensive package, earmarking substantial funds for key allies including Israel and Taiwan, showcases a concerted effort to assert a robust American presence on the global stage. However, as this legislative victory unfolds, it encounters a complex web of political challenges, particularly with the bill's forthcoming battle in the GOP-dominated House. Speaker Mike Johnson's call for modifications, potentially reviving border security debates, underscores the intricate balance between international support and domestic policy priorities.