Elon Musk was the second person to make a personal fortune of more than $200 billion in January 2021, months after Jeff Bezos. However, the Tesla CEO has now become the first to lose $200 billion from his net worth. Following a recession in the value of Tesla's shares, Musk saw his wealth recede to $137 billion after it peaked in November 2021, growing to $340 billion.

Watch out for these stocks in Monday's trading session - 👉 Adani Enterprises: Shares soared about 200% so far this year 👉 Reliance Industries: Will buy a 51% controlling stake in Lotus Chocolate Company. 👉 Tata Power: Announced the issue of 10,000 unsecured, redeemable, taxable, listed, rated, non-convertible debentures (NCDs) worth up to Rs 1,000 crore

Ethereum currently trades at $1,190. In the last 24 hours, the coin has moved 0.11% to the downside and decreased by 2.29% in the last 7 days. The second-largest cryptocurrency by market cap is in red, like the rest of the market. The 24-hour trading volume stands at 2.8 Billion, which is a 28.13% decrease in the last 24 hours.

The people of the country got a shock on the first day of the new year. There has been a change in the price of LPG cylinders from today. Oil companies have not made any changes to the prices of cooking gas but the price of commercial gas cylinders has been increased. From today, the price of commercial gas cylcylinders been increased by Rs 25.

Together, the market capitalization of eight of the ten most valuable companies increased by Rs. 1,35,794.06 crore last week. The biggest winners were State Bank of India and Reliance Industries Limited emerging. The 30-share BSE benchmark increased by 995.45 points (1.66%) last week. State Bank of India's market value increased by Rs 35,029.1 crore to Rs 5,47,257.19  crore. 

All insurance policies purchased from today will require Know Your Customer (KYC) documents. Insurance Regulator and Development Authority of India (IRDAI) has made KYC norms mandatory for the purchase of all new insurance policies, including health insurance, auto insurance, and home insurance.

Bitcoin presently trades at $16,544. In the last 24 hours, the coin moved 0.18% to the downside and decreased by 1.77% in the last 7 days. The largest cryptocurrency by market cap is trading sideways again. The 24-hour trading volume is at $10.1 Billion, which is a 32.05% decrease in the last 24 hours.

Nippon India Large Cap Fund and HDFC Top 100 Fund are two large-cap mutual funds in India that have done particularly well in 2022. Both of these funds, which oversee AUM of 12,922 and 23,453 crores, respectively, have produced returns of 13,14 and 11,69%, exceeding the category average of 4.75%.

In contrast to the $6 Bn in 2021, the total corpus of the startup funds launched this year was above $18 Bn. 62% of the funds launched are targeted at early-stage startups, while 38% are targeted at growth-stage and late-stage startups. Enterprise tech and fintech are projected to become the preferred industries for investors in FY24, according to a survey by Inc42.

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The completion date for the 7,017 crore deal to purchase DB Power's thermal assets has been extended to January 15, 2023, Adani Power announced on Saturday. Adani Power had earlier extended the completion date by a month until December 31, 2022. For 923.5 MW of its capacity, DB Power has long- and medium-term power purchase agreements.

The current value of the Fear and Greed Index is 25, which depicts fear. Yesterday, the value stood at 28, which also falls under the fear zone. The present crypto market cap is at $797 Billion, with a 24-h trading volume of $22.5 billion. The overall market is in green today.

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📌IndusInd Bank: The brokerage has a buy rating on the stock with a target price of ₹1428. 📌PB Fintech: The brokerage has a buy tag on the stock with a target price of ₹552. 📌Emami: The brokerage has a buy tag on Emami with a target of ₹516. 📌Godrej Agrovet: The brokerage has a buy tag on the stock with a target of ₹570.