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.

The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week, with HDFC Bank taking the biggest hit, in-line with a weak trend in domestic equities. Last week, the BSE benchmark slumped 1,844.2 points or 2.32%, and the Nifty dropped 573.25 points or 2.38%. The market capitalisation of HDFC Bank dropped by Rs 70,479.23 crore to Rs 12,67,440.61 crore.

The stock market's bullish fever trickled to other assets, like gold, which saw its price rise 26% in 2024. But that gain doesn't hold a candle to Bitcoin, which soared 119% last year. Bitcoin is a better buy than gold in 2025 and beyond due to its absolute finitude, ease of storage and transport, divisibility, and potential to increase purchasing power, outpacing inflation and gold's performance.

President Joe Biden is ending his term in office with a remarkably strong labor market. According to data released Friday by the Labor Department, employers added a surprising 256,000 jobs in December, the largest increase since March, and the unemployment rate dropped a tenth of a percentage point to 4.1%. Both numbers were better than analysts expected.

U.S. inflation data could test stock investors' nerves, potentially raising treasury yields and adding to uncertainty around Trump's policy plans. The S&P 500 has fallen 1% this year, with markets watching the consumer price index due on January 15. Strong jobs growth and inflation concerns could affect the Federal Reserve's interest rate decisions for 2025.

HCL Tech Q3FY25 preview: The board of directors of HCL Technologies Ltd will meet on 13 January 2025 to consider and approve the company’s unaudited Financial Results for the quarter and nine months ending December 31, 2024. The company board may also consider and approve the fourth interim dividend in this meeting. So, HCL Tech shares are expected to remain under the bulls’ radar.

Ola Electric Mobility faces increased scrutiny from the Central Consumer Protection Authority (CCPA) over alleged consumer rights violations, with the authority requesting additional information amid an ongoing probe into the electric vehicle maker's quality issues and after-sales support. Ola Electric has been granted a six-week extension to respond to the CCPA's show-cause notice.

Artificial Intelligence (AI)-powered search startup Perplexity AI is looking to hire a candidate to help expand its operations in India. The role requires the candidate to be based in India, work in a startup environment, and travel to meet strategic partners and institutions, as announced by the company's cofounder and CEO Aravind Srinivas on LinkedIn.

Anand Rathi Wealth has announced that its Board of Directors will consider a proposal for the issuance of bonus shares at its upcoming meeting scheduled for Monday, January 13, 2025. If approved, it will be the company's first bonus issuance. The move aims to increase stock liquidity and reward shareholders. Anand Rathi Wealth's shares have risen 49% over the past year.

China's Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer. The court has set the first hearing for the petition on March 19, 2025.

The US stock market’s strongest two-year rally since the dot-com bubble is heading into its next big test as companies start releasing quarterly earnings, providing a major gut check on whether valuations have outrun the underlying reality. On Friday, the S&P 500 Index slid 1.5% as an unexpected surge in hiring solidified speculation that the Fed won’t cut interest rates again until H2 of 2025.

As the crypto industry rides another bull cycle into 2025, there is renewed optimism that decentralized finance, or DeFi, will see a wave of mainstream adoption. The technological advantages of doing so are enormous as Robinhood CEO Vlad Tenev set out in a recent observation on the efficiencies of using DeFi. Fintech companies rarely own the financial infrastructures that power their products.