In their very first year of trading, spot bitcoin ETFs have seen billions of dollar flow into them and have made it easier for investors to invest in the cryptocurrency. However, not all bitcoin ETFs are made the same. Since they began trading on Jan. 11, 2024, spot bitcoin ETFs have seen net inflows of roughly $36.2 billion, per Farside Investors.

Italy’s largest steelmaker, formerly known as Ilva, has received 10 purchase offers, according to its administrators. Three of the offers- one from a consortium of Azeri Baku Steel Company CJSC and the Azerbaijan Investment Company OJSC; another from Bedrock Industries Management; and the third from India’s Jindal Steel International- are for the entirety of the business, the administrators said.

Adani Group to invest ₹75,000 crore in Chhattisgarh across power, cement, education, healthcare, skill development, and tourism sectors, including ₹60,000 crore to expand power plants, ₹5,000 crore for cement plants, and ₹10,000 crore for CSR initiatives, expected to boost economic growth and generate employment.

Standard Glass IPO shares are set to list on BSE and NSE on January 13, following a huge demand of 183 times to its Rs 410-crore issue in the primary market. The analysts expect a mega listing with a premium exceeding 60% over its issue price. The shares of the Standard Glass Lining Technology issue with a price band of Rs 133-140 per share were allotted to the successful bidders on January 9.

Quadrant Future initial public offering (IPO) allotment was finalised on January 10. The IPO received an overwhelming response from investors across all categories. On the third day, the Quadrant Future Tek IPO was subscribed 186.66 times as of 7:00 PM, according to data from the BSE. The issue received 1,08,26,32,500 shares compared to the 57,99,999 shares available.

The average deal size for commercial office spaces in India's top 8 markets increased by 10.24% to 41,867 sq ft in 2024, driven by growing demand for high-quality offices and occupier commitment to lease tenure and workspace investment. Hyderabad saw the highest average deal size at 70,535 sq ft, while Mumbai recorded the highest growth rate of 54.59%.

ITC Ltd. has allotted 125.11 crore equity shares to its shareholders as part of a demerger, separating ITC Hotels into an independent entity. ITC Hotels, now India's second-largest hotel chain, plans to list its shares after regulatory approvals. The demerger aims to unlock value, attract investors, and strengthen capital allocation strategy.

Investors are going to see five new initial public offerings opening for subscription next week starting from January 13. And this is despite the bears enjoying party at Dalal Street as the benchmark indices corrected more than 2% last week. The first IPO opening on the first day of next week, i.e. January 13, will be Laxmi Dental. In fact, this is the only public issue from the mainboard segment.

As the bearish sentiment appears to be intensifying in the market, the next meaningful support for Nifty is placed at 23,000, below which further correction seems likely, Rupak De, Senior Technical Analyst, LKP Securities, said. Bears are expected to remain active, with every rise likely to be sold into as long as Nifty sustains below the 50 EMA, he said.

Amid the ongoing wildfires in LA, the Walt Disney Company has claimed to support organizations offering services on the ground. The company has committed to donate $ 15 mn “for initial and immediate response and rebuilding efforts,” per Hollywood Reporter. These funds will be donated to the American Red Cross, the LA Fire Department Foundation, the LA Regional Food Bank, and other organizations.

Gold prices dipped to $2664 following the release of the US nonfarm payroll report as the US yields and the Dollar Index surged on robust job data. However, the metal recovered quickly as the US yields and the Dollar Index eased slightly from their respective day's highs. The metal traded between $2614 (January 6) and $2698 (January 10) during the week.

The government has boosted the supply of cheaper gas to city gas retailers IGL, Adani-Total, and Mahanagar Gas, partially reversing the cuts made in 2024, as per the companies' regulatory filings. In October and November of the previous year, the government reduced the supply of APM Gas to city gas retailers by up to 40% due to limited production.

The Indian Gas Exchange (IGX) has sought regulatory approvals to launch 3-6 month gas contracts benchmarked to international gas prices, its chief executive Rajesh Kumar Mediratta said. IGX currently allows gas suppliers to sell the fuel on the exchange for durations ranging from daily, weekly, fortnightly, and monthly. It also offers intraday trading at a fixed price.

Avenue Supermarts, one of the largest food and grocery retailers in India branded as DMart, declared its standalone and consolidated financial results for the quarter and three quarters that ended in December 2024. According to the earnings data released Saturday, the retailer’s consolidated net profit rose 4.9 per cent to ₹724 crore.

Gold prices experienced a modest increase on Sunday. The cost of 24 carat gold in India is Rs.7982.3 per gram, reflecting an increase of ₹ 170.0. The cost of 22 carat gold in India is 7317.3 per gram, a rise of ₹140.0. The price fluctuation of 24 carat gold over the past week is recorded at -0.64%. The current price of silver in India is 96600.0 per kg, reflecting an decrease of 100.0 per kg.