US equities closed mixed on February 21, with Dow Jones and S&P 500 gaining but NASDAQ Composite losing after FOMC minutes revealed a cautious stance on interest rates. However, futures surged after Nvidia's strong earnings, propelling Asian markets to new highs. In India, the Nifty formed a bearish pattern and could see support at 22,000 while Nikkei 225 hit a record high.

The Enforcement Directorate (ED) is conducting searches at the premises of Hiranandani Group, according to a report on Thursday. The searches are in connection with Foreign Exchange Management Act (FEMA) violation, PTI quoted official sources as saying. Around four to five premises in and around Mumbai are being covered, the report added.

Real Estate Regulatory Authority (RERA) Gurugram has charged Yashvi Homes Pvt Ltd with a Rs 25 lakh penalty for publishing a misleading advertisement of their project Golden Gate Residency under Deen Dayal Jan Awas Yojana. The promoter failed to mention important details like the correct registration number and website address, and also promised amenities that were not approved in the layout.

Real Estate Regulatory Authority (RERA) Gurugram has charged Yashvi Homes Pvt Ltd with a Rs 25 lakh penalty for publishing a misleading advertisement of their project Golden Gate Residency under Deen Dayal Jan Awas Yojana. The promoter failed to mention important details like the correct registration number and website address, and also promised amenities that were not approved in the layout plan.

Crude oil prices have been rising steadily due to increasing geopolitical tensions, reaching over $80 per barrel. The conflict in the Middle East and US government's targeting of Iranian proxies are contributing factors. While there haven't been major disruptions to supply, potential risks include disruptions in crude transportation through key routes and involvement of major producers.

Varanium Cloud reported quarterly standalone numbers with a significant decrease in net sales, net loss, and EBITDA compared to the same quarter last year. The company's stock price has also dropped by more than 50% in the last 6 months and 74% in the last 12 months. Expenses for employees and other factors have contributed to the decline in profits. This information was reported by Dion Global.

The Indian government's $1.45 trillion investment in infrastructure projects has led to increased focus on infra sector stocks, including JSW Infra. The stock has seen a 100% increase since its IPO in October 2023 and is currently just 5% away from its all-time high. In the recent quarter, JSW Infra reported a net profit of ₹250.66 crore, a significant increase from the previous year.

SBI surpassed Infosys to become the fifth most valued company in India, with a market capitalisation of Rs 6,88,578.43 crore. Reliance remains in first place, followed by TCS, HDFC Bank, and ICICI Bank. SBI's share price reached a 52-week high and closed at Rs 771.55 on the BSE. This highlights the strength of public sector banks in the Indian market.

Indian drugmakers are developing their own versions of Novo Nordisk's popular weight-loss drug Wegovy, as analysts predict the global weight-loss market to reach $100 billion by the end of the decade. The move could increase access and affordability of weight-loss drugs in India, which has high obesity rates and a growing market for diabetes drugs. While Novo Nordisk holds the patent for Wegovy.

Fantasy gaming app My11Circle on Wednesday won the race to be an official partner of the Indian Premier League (IPL), bidding ₹125 crore per year for a period of five years. The app from Games24x7 trumped incumbent Dream11, which bid ₹103 crore per year for the partner rights for the cricket tournament. Over five years, My11Circle will pay a total of ₹625 crore for the rights.

The recent government decision to extend the 20% export levy on parboiled rice has resulted in a decline of up to 4% in the stock prices of major rice milling companies like LT Foods, KRBL, and Chaman Lal Setia Exports. This year, while LT Foods and KRBL have experienced a 7-8% drop, Chaman Lal Setia has seen a marginal increase of 0.5%.

SpiceJet secures an extra Rs 316 crore, bringing the total raised funds to Rs 1,060 crore through a preferential share issue. The struggling airline had announced a workforce reduction of 10-15 per cent and had previously received Rs 744 crore in January. The additional investment shows investor confidence and will aid SpiceJet's expansion plans and improve operational capabilities.

ED has requested a look out notice against Byju's founder Byju Raveendran to prevent him from leaving India before the Extraordinary General Meeting on Feb 23. Karnataka High Court denied a stay on the meeting called by investors to remove Raveendran from leadership. In November 2023, ED issued a show cause notice to Think and Learn Pvt Ltd for violating FEMA provisions involving Rs 9,362.35 cr.

Take my mom, for instance. She managed the household budget for years using just a few simple calculations. There weren’t hundreds of rows for each line item and everything on the expense side was rounded off to the nearest multiple of 10 or 100. All she needed was a few minutes every month and voila, the budget was done and dusted. It worked remarkably well, to be honest.

ADA and the Indian Air Force have signed an agreement for integrating futuristic weapons and sensors into Tejas, a light combat aircraft. The ADA, under the Defence Research and Development department, aims to enhance the Tejas program. This move will allow the IAF to independently integrate weapons and sensors, increasing the operational capability of the aircraft.