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Business News/ Companies / Companies News Today highlights on February 12, 2025: Impact of distribution system scale-up to be seen in coming quarters: Honasa CEO Varun Alagh
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Companies News Today highlights on February 12, 2025: Impact of distribution system scale-up to be seen in coming quarters: Honasa CEO Varun Alagh

32 min read . Updated: 12 Feb 2025, 10:54 PM IST
Livemint

Companies News Today highlights on February 12, 2025: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: Impact of distribution system scale-up to be seen in coming quarters: Honasa CEO Varun AlaghPremium
Companies News Today Live Updates: Impact of distribution system scale-up to be seen in coming quarters: Honasa CEO Varun Alagh

Companies News Today highlights: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

12 Feb 2025, 10:54:50 PM IST

Company Business News Today Live: Impact of distribution system scale-up to be seen in coming quarters: Honasa CEO Varun Alagh

  • In Q3FY24, Honasa moved to a direct distribution model in the top 50 cities, phasing out its previous reliance on super stockists, to enhance efficiency. While the transition was aimed at bolstering long-term margins and streamlining operations, it dented revenue in subsequent quarters.
Read the full story here

12 Feb 2025, 09:31:26 PM IST

Company Business News Today Live: Ashok Leyland Q3 profit zooms on low input costs, resurgent demand for trucks

  • The company turned net debt-free as of 31 December, with a net cash position of ₹958 crore.
Read the full story here

12 Feb 2025, 08:44:24 PM IST

Company Business News Today Live: SC extends time for US-based Danny Gaekwad to deposit ₹600 cr with Sebi

  • SC allows Gaekwad an extension to deposit ₹600 crore into a bank account to prove the bona fides of his ₹5,000 crore competing offer for Religare Enterprises, countering the Burman Family's offer. Gaekwad claims to have received no response from RBI for approval. 
Read the full story here

12 Feb 2025, 08:35:52 PM IST

Company News Today Live: Honeywell, AM Green to assess feasibility of making sustainable aviation fuel

  • Honeywell's agreement with AM Green to study feasibility of making SAF will position India as a global leader in alternative fuel innovation, said Ashish Modi, president, Honeywell India.
Read the full story here

12 Feb 2025, 07:34:48 PM IST

Company News Today Live: Prudential Plc weighs listing of ICICI Prudential Asset Management Company

  • The listing of its joint venture with ICICI Bank will involve the partial divestment of its shares, and is subject to market conditions, requisite approvals and other considerations, Prudential Plc said.
Read the full story here

12 Feb 2025, 07:06:52 PM IST

Company News Today Live: Rockford maker Modi Illva spices up competition in premium whisky market with Singhasan

  • Modi Illva India plans to invest ₹200 crore over five years to capture a 5% share of India's scotch whisky market amid rising consumer demand for premium products.
Read the full story here

12 Feb 2025, 06:05:07 PM IST

Company Business News Today Live: Gautam Adani launches India's largest skill initiative with Singapore's ITEES in Mundra

  • Adani Group Chairman Gautam Adani has announced a major skill and employment initiative in partnership with Singapore's ITEES. The initiative includes launching the world's largest finishing school in Mundra, aiming to train over 25,000 learners annually and support the Make in India movement.
Read the full story here

12 Feb 2025, 05:49:07 PM IST

Company Business News Today Live: Hungry for growth, idli-dosa batter maker iD Fresh hunts for its next blockbuster product

  • iD Fresh Foods started out in 2005 selling idli and dosa batter in Bengaluru. Today, the company still derives most of its revenue from that product. The founders now want to change that and turn iD Fresh into a ₹1,000 crore company. We look at how they plan to get there.
Read the full story here

12 Feb 2025, 05:39:48 PM IST

Top Company Leader Today Live: Mark Zuckerberg's big claim: ‘Someone tried to get me sentenced to death in Pakistan…’

  • Meta CEO Mark Zuckerberg revealed he received death threats in Pakistan over a Facebook post depicting Prophet Mohammed. He expressed concerns about differing global values on free expression and emphasized the need for U.S. government support for American tech companies abroad.
Read the full story here

12 Feb 2025, 05:25:31 PM IST

Company News Today Live: SC seeks Maharashtra govt’s response on Sahara’s Versova land sale eligibility

  • The classification of Sahara Group’s 106-acre asset as a mangrove forest could impact the land's eligibility for sale through a bidding process.
Read the full story here

12 Feb 2025, 04:48:43 PM IST

Company News Today Live: Tesla can’t afford another Twitter-size distraction

  • Elon Musk’s bid for OpenAI and his divisive political image raise new risks for Tesla’s expensive stock.
Read the full story here

12 Feb 2025, 04:09:49 PM IST

Company News Today Live: AGI Greenpac seeks review of SC order quashing acquisition of bankrupt HNGIL

  • The Supreme Court in January quashed AGI Greenpac's proposal to acquire the Kolkata-based glass container maker Hindusthan National Glass for failing to get the CCI's approval before the committee of creditors' nod.
Read the full story here

12 Feb 2025, 02:28:26 PM IST

Company News Today Live: Three global PE firms vie to buy Hyderabad’s Gland Pharma from its Chinese owner

  • Amid India-China geopolitical tensions, China's Fosun Pharmaceutical is in discussions with three global private equity firms to sell its majority stake in the Hyderabad-based Gland Pharma.
Read the full story here

12 Feb 2025, 02:15:37 PM IST

Company Business News Today Live: Cognizant-L&T bribery case put on hold after Trump halts FCPA enforcement

  • A New Jersey court halted pretrial proceedings in a bribery case involving Cognizant Technology Solutions. This decision raises concerns over international corruption enforcement and impacts ongoing legal actions against former Cognizant executives accused of illicit payments.
Read the full story here

12 Feb 2025, 01:52:55 PM IST

Company Business News Today Live: L&T Chairman again sparks controversy over job migration, office return, ‘If you tell employee to come to office...’

  • SN Subrahmanyan, Chairman of Larsen & Toubro, raised concerns about job migration and employee reluctance to return to offices at a summit in Chennai, noting that tech employees might resign if asked to return, highlighting the challenges of adapting to a changing work environment.
Read the full story here

12 Feb 2025, 01:06:48 PM IST

Company Results Today Live: VST Tillers Tractors Q3 Results 2025 on 12 Feb, 2025: profit falls by 92.45% YOY, profit at ₹1.28 crore and revenue at ₹219.1 crore

  • VST Tillers Tractors Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 28.91% YoY & profit decreased by 92.45% YoY, profit at ₹1.28 crore and revenue at ₹219.1 crore
Read the full story here

12 Feb 2025, 01:06:39 PM IST

Company Results Today Live: Shri Dinesh Mills Q3 Results 2025 on 12 Feb, 2025: profit falls by 97.28% YOY, profit at ₹1.05 crore and revenue at ₹16.22 crore

  • Shri Dinesh Mills Q3 Results 2025 on 12 Feb, 2025: Revenue decreased by 35.25% YoY & profit decreased by 97.28% YoY, profit at ₹1.05 crore and revenue at ₹16.22 crore
Read the full story here

12 Feb 2025, 01:06:31 PM IST

Company Results Today Live: Parnax Lab Q3 Results 2025 on 12 Feb, 2025: profit falls by 44.5% YOY, profit at ₹1.21 crore and revenue at ₹40.22 crore

  • Parnax Lab Q3 Results 2025 on 12 Feb, 2025: Revenue decreased by 21.12% YoY & profit decreased by 44.5% YoY, profit at ₹1.21 crore and revenue at ₹40.22 crore
Read the full story here

12 Feb 2025, 01:06:23 PM IST

Company Results Today Live: VTM Q3 Results 2025 on 12 Feb, 2025: profit rise by 294.79% YOY, profit at ₹18.2 crore and revenue at ₹103.52 crore

  • VTM Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 102.86% YoY & profit increased by 294.79% YoY, profit at ₹18.2 crore and revenue at ₹103.52 crore
Read the full story here

12 Feb 2025, 01:06:15 PM IST

Company Results Today Live: Eyantra Ventures Q3 Results 2025 on 12 Feb, 2025: profit falls by 81.97% YOY, profit at ₹0.11 crore and revenue at ₹11.31 crore

  • Eyantra Ventures Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 88.5% YoY & profit decreased by 81.97% YoY, profit at ₹0.11 crore and revenue at ₹11.31 crore
Read the full story here

12 Feb 2025, 01:06:09 PM IST

Company Results Today Live: Kirloskar Oil Engines Q3 Results 2025 on 12 Feb, 2025: profit falls by 20.62% YOY, profit at ₹71.3 crore and revenue at ₹1453.7 crore

  • Kirloskar Oil Engines Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 4.58% YoY & profit decreased by 20.62% YoY, profit at ₹71.3 crore and revenue at ₹1453.7 crore
Read the full story here

12 Feb 2025, 01:06:02 PM IST

Company Results Today Live: Prince Pipes & Fittings Q3 results 2025 on 12 Feb, 2025: loss at ₹20.42Cr, Revenue decreased by 6.61% YoY

  • Prince Pipes & Fittings Q3 results 2025 on 12 Feb, 2025: Revenue decreased by 6.61% YoY & loss at ₹20.42Cr
Read the full story here

12 Feb 2025, 01:05:54 PM IST

Company Results Today Live: Standard Industries Q3 Results 2025: Loss Rises by 113.69% YOY, Loss at ₹5.62 Crore and Revenue at ₹7.72 Crore

  • Standard Industries Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 46.21% YoY & loss increased by 113.69% YoY, loss at ₹5.62 crore and revenue at ₹7.72 crore.
Read the full story here

12 Feb 2025, 01:05:45 PM IST

Company Results Today Live: Nile Q3 Results 2025 on 12 Feb, 2025: profit falls by 14.41% YOY, profit at ₹10.16 crore and revenue at ₹232.51 crore

  • Nile Q3 Results 2025 on 12 Feb, 2025: Revenue decreased by 7.57% YoY & profit decreased by 14.41% YoY, profit at ₹10.16 crore and revenue at ₹232.51 crore
Read the full story here

12 Feb 2025, 01:05:39 PM IST

Company Results Today Live: Fluidomat Q3 Results 2025 on 12 Feb, 2025: profit rise by 107.66% YOY, profit at ₹5.42 crore and revenue at ₹16.64 crore

  • Fluidomat Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 31.75% YoY & profit increased by 107.66% YoY, profit at ₹5.42 crore and revenue at ₹16.64 crore
Read the full story here

12 Feb 2025, 01:05:31 PM IST

Company Results Today Live: Saven Technologies Q3 Results 2025 on 12 Feb, 2025: profit falls by 6.17% YOY, profit at ₹0.76 crore and revenue at ₹3.81 crore

  • Saven Technologies Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 16.51% YoY & profit decreased by 6.17% YoY, profit at ₹0.76 crore and revenue at ₹3.81 crore
Read the full story here

12 Feb 2025, 01:05:24 PM IST

Company Results Today Live: Igarashi Motors India Q3 Results 2025 on 12 Feb, 2025: profit rise by 230.77% YOY, profit at ₹5.16 crore and revenue at ₹210.8 crore

  • Igarashi Motors India Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 21.32% YoY & profit increased by 230.77% YoY, profit at ₹5.16 crore and revenue at ₹210.8 crore
Read the full story here

12 Feb 2025, 01:05:18 PM IST

Company Results Today Live: Gujarat State Financial Q3 Results 2025 on 12 Feb, 2025: loss rise by 4.14% YOY, loss at ₹31.66 crore and revenue at ₹-0.97 crore

  • Gujarat State Financial Q3 Results 2025 on 12 Feb, 2025: Revenue decreased by 4950% YoY & loss increased by 4.14% YoY, loss at ₹31.66 crore and revenue at ₹-0.97 crore
Read the full story here

12 Feb 2025, 12:41:12 PM IST

Company News Today Live: ONGC NTPC JV signs deal to buy NIIF’ Ayana Renewable for Rs6,600 crore

  • The deal will rank among the largest transactions in India’s green energy space.
Read the full story here

12 Feb 2025, 12:34:12 PM IST

Company Business News Today Live: Data dive: What Eternal aka Zomato got right in the last two years

  • The renaming of Zomato to Eternal is the latest in a series of moves made by Zomato over the last two years to raise its game from a private business to a public one.
Read the full story here

12 Feb 2025, 12:05:14 PM IST

Company Results Today Live: Singer India Q3 Results 2025 on 12 Feb, 2025: profit rise by 88.75% YOY, profit at ₹1.51 crore and revenue at ₹105.55 crore

  • Singer India Q3 Results 2025 on 12 Feb, 2025: Revenue increased by 3.01% YoY & profit increased by 88.75% YoY, profit at ₹1.51 crore and revenue at ₹105.55 crore
Read the full story here

12 Feb 2025, 11:42:58 AM IST

Start-ups Today Live: Incense startups sniff better opportunity abroad as local market, dominated by legacy players, limits prospects

  • While these companies are growing gradually domestically, lack of awareness and the price-sensitive nature of the market have made it a challenge to sustain their businesses of selling premium, organic and eco-friendly incense products.
Read the full story here

12 Feb 2025, 11:18:27 AM IST

Company News Today Live: How Elon musk's Tesla sued a woman and won $23,000 despite her parents' hospitalisation over brake failure

  • Zhang Yazhou faced legal action from Elon Musk's Tesla, with a Chinese court ruling against her in a complaint against the automaker, for alleged brake failure of her Tesla Model 3. 
Read the full story here

12 Feb 2025, 09:10:53 AM IST

Company News Today Live: This Coimbatore AI start-up gave ₹14 crore bonus to 140 employees, founder explains why

  • Why did a Coimbatore AI start-up give 140 employees a bonus of ₹14 crore? Kovai Founder Saravanakumar says he promised something concrete to employees who stayed, adding: ‘people work in start-ups with hope becoming rich…’
Read the full story here

12 Feb 2025, 08:07:57 AM IST

Top Company Leader Today Live: 'I feel for the guy, not a happy person': Sam Altman takes dig at Elon Musk over OpenAI bid

  • Sam Altman of OpenAI dismissed Elon Musk's $97.4 billion acquisition offer as a tactic rooted in insecurity. He insisted OpenAI is not for sale and suggested Musk's intentions are to slow the company down
Read the full story here

12 Feb 2025, 05:30:20 AM IST

Company Business News Today Live: How a Volkswagen software became the centre of a $1.4 billion tax dispute in India

  • While the government believes Skoda Auto Volkswagen India used the Nadin enterprise software to circumvent tax laws, the German automaker says it streamlines production and is used worldwide.
Read the full story here

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