Cable TV services provider Den Networks Ltd on Monday (January 13) reported a 14.6% year-on-year (YoY) decline in net profit at ₹40.3 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, DEN Networks posted a net profit of ₹47.2 crore, the company said in a regulatory filing.

HCL Technologies Ltd on Monday reported a higher-than-expected revenue of $3.53 billion in the quarter ended 31 December, a 2.6% sequential rise, boosted by clients in the Americas who account for about two-thirds of the company’s sales. Businesses in the Americas contributed about 81% of the Noida-based company’s sequential incremental revenue of $88 million.

The initial public offering of Barflex Polyfilms has received decent response from investors till the second day of bidding, January 13, subscribing 4 times with investors buying 1.88 crore equity shares against the IPO size of 47 lakh shares. The flexible packaging materials manufacturer approached capital markets to mobilise Rs 39.42 crore funds via public issue of 65.69 lakh shares.

WeWork India Management, one of the leading flexible workspace operators in India, has raised Rs 500 crore via a rights issue. The funds will be utilised for the repayment of debt, strengthening the company’s pathway to being debt free, and reducing cost of capital. The company operates 63 centres across 8 cities and plans a 2025 IPO.

Bajel Projects Ltd on Monday (January 13) said it has been awarded an EPC contract by Adani Energy Solutions Ltd (AESL) for the construction of a 400kV double-circuit (D/C) transmission line. The project, spanning 217 km, will connect Raipur in Chhattisgarh to Tiroda in Maharashtra using Quad ACSR Moose conductors. Shares of Bajel Projects Ltd ended at ₹230.15, down by ₹8.75, or 3.66%, on the BSE.

The US SC declined on Monday to hear a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of misleading the public for decades about the dangers of climate change induced by the burning of fossils fuels. The justices turned away an appeal by the oil companies of a decision by Hawaii's top court allowing the suit, which alleged violations of state law, to proceed.

Business services provider Quess Corp Ltd on Monday (January 13) announced the receipt of an income tax refund order for the assessment year 2017-18. The order, issued by the Deputy Commissioner of Income Tax under Section 154 of the Income Tax Act, 1961, confirms a refundable amount, including interest, totalling ₹20.74 crore. The company received the order today, January 13, 2025.

A policy rate cut is around the corner and RBI's easing cycle is expected to begin in February, Crisil has said in its latest note on macroeconomics. The note from the team led by Dharmakirti Joshi, the Chief Economist at Crisil, said that the food inflation is likely to ease, global environment is supportive of rate cutting and that India's slowing growth rate has increased calls for a cut.

The land deal volume in India surged by about 47% year-on-year, reaching more than 2,000 acres across eight cities in 2024, according to a report by CBRE. During 2024, nearly 135 land deals were closed compared to about 90 in 2023, primarily concentrated in major metropolitan areas such as Delhi-NCR, Bengaluru, Mumbai, Chennai, and Pune.

The Nifty 50 failed to find respite even on the first trading day of the week, falling by 1.5 percent on January 13, following a 2.4 percent loss in the previous week. The index has decisively broken the 61.8% Fibonacci retracement level (measured from the June low to the record high in September) after slipping below the November low of 23,260, signaling further weakness.

The National Green Tribunal has issued show cause notices to Delhi's district magistrates and the Delhi Jal Board's CEO, threatening arrest and penalties for failing to take action against illegal borewells and non-compliance with its orders. The tribunal has also directed the district magistrates to deposit Rs 10,000 each as costs for their failure to submit compliance reports.

The National Coal Index (provisional) has showed a sharp decline of 13 percent in November compared to the year ago period, indicating adequate supply of the vital fuel, the latest coal ministry data seen by Moneycontrol shows. The National Coal Index (NCI) is a price index that combines coal prices from all sales channels — notified prices, auction prices, and import prices.

Apple's global smartphone market share slipped one percentage point to 18% last year, according to Counterpoint Research. Apple sold 2% fewer smartphones globally in 2024 than the prior year as the iPhone 16 series "was met with a mixed response, partly due to a lack of availability of Apple Intelligence at launch," Counterpoint said.

BMO Capital Markets agreed to pay more than $40 million to settle U.S. Securities and Exchange Commission charges it failed to properly supervise employees who sold mortgage-backed bonds, the regulator said on Monday. The payment includes disgorgement, prejudgment interest and a civil penalty, the SEC said. BMO did not admit or deny wrongdoing in agreeing to settle.

Complete Circle Capital said its wealth management arm has raised $3 million in its first funding round. The funding was led by Rajeev and Arjun Juneja from the Mankind Pharma Promoter Family Office. Founded in 2015 by Gurmeet Chadha and Kshitiz Mahajan, the company plans to channel these funds into accelerating growth and expansion.