Honasa CEO on Growth ProspectsHonasa CEO V arun Alaghstated that the impact of the company’s expanded distribution system will be visible in the coming quarters. The company transitioned to a direct distribution model in the top 50 cities, replacing super stockists to streamline operations and improve long-term margins. However, this move has temporarily affected revenue. Ashok Leyland Reports Strong Q3 PerformanceAshok Leyland's Q3 profit surged due to lower input costs and increased demand for commercial vehicles. The company reported a net cash position of ₹958 crore, officially becoming net debt-free. Danny Gaekwad’s Religare Enterprises Bid DevelopmentsThe Supreme Court granted an extension for US-based businessman Danny Gaekwad to deposit ₹600 crore with SEBI. Gaekwad, who is making a competing ₹5,000 crore bid for Religare Enterprises, awaits RBI’s response for approval. Honeywell and AM Green Explore Sustainable Aviation FuelHoneywell and AM Green have agreed to assess the feasibility of producing sustainable aviation fuel (SAF) in India. This initiative aims to position India as a leader in alternative fuel solutions. Prudential Plc Considers Listing ICICI Prudential AMCPrudential Plc is evaluating the possibility of listing its joint venture with ICICI Bank, subject to market conditions and regulatory approvals. Modi Illva Introduces Singhasan WhiskyTo strengthen its presence in India’s premium whisky market, Modi Illva India announced plans to invest ₹200 crore over five years. The goal is to capture a 5% market share in the growing scotch whisky segment. Adani Group Launches India’s Largest Skill Development InitiativeGautam Adani, Chairman of the Adani Group, launched a skill development initiative in partnership with Singapore’s ITEES. The project includes the world’s largest finishing school in Mundra, set to train 25,000 individuals annually. iD Fresh Eyes New Growth OpportunitiesiD Fresh Foods, known for its idli and dosa batter, is exploring new product lines to diversify its portfolio and achieve its ₹1,000 crore revenue target. Mark Zuckerberg’s Security ConcernsMeta CEO Mark Zuckerberg disclosed that he received death threats in Pakistan over a Facebook post. He emphasized the need for U.S. government support for American tech firms operating internationally. Maharashtra Government’s Response on Sahara’s Versova Land SaleThe Supreme Court sought clarification from the Maharashtra government regarding Sahara Group’s 106-acre land, classified as a mangrove forest, which may impact its eligibility for sale. Elon Musk’s OpenAI Move Raises Tesla ConcernsMarket analysts worry that Elon Musk’s bid for OpenAI and his political controversies could become a distraction for Tesla, which already trades at high valuations. AGI Greenpac Seeks Review of SC DecisionAGI Greenpac is challenging the Supreme Court’s ruling that quashed its acquisition of Hindusthan National Glass, citing regulatory compliance issues. Gland Pharma’s Ownership Shift in the WorksChina’s Fosun Pharmaceutical is reportedly in talks with three global private equity firms to sell its controlling stake in Gland Pharma amid ongoing India-China geopolitical tensions. Cognizant-L&T Bribery Case on HoldA New Jersey court has paused proceedings in a bribery case involving Cognizant Technology Solutions, following the U.S. administration’s decision to halt Foreign Corrupt Practices Act (FCPA) enforcement. L&T Chairman on Workforce Migration and Office ReturnsL&T Chairman SN Subrahmanyan raised concerns about job migration and the reluctance of employees to return to offices, warning that forcing employees back may lead to increased resignations. Quarterly Earnings HighlightsVST Tillers Tractors: Q3 profit declined by 92.45% YoY to ₹1.28 crore, while revenue rose 28.91%. Shri Dinesh Mills: Q3 profit fell by 97.28% to ₹1.05 crore, with a 35.25% revenue decline. Parnax Lab: Q3 profit dropped 44.5% YoY to ₹1.21 crore, as revenue decreased by 21.12%. VTM: Q3 profit surged 294.79% YoY to ₹18.2 crore, with revenue up 102.86%. Eyantra Ventures: Q3 profit plunged 81.97% to ₹0.11 crore, despite an 88.5% revenue increase. Kirloskar Oil Engines: Q3 profit declined 20.62% YoY to ₹71.3 crore, though revenue increased by 4.58%. Prince Pipes & Fittings: Reported a ₹20.42 crore loss, with revenue down 6.61% YoY. Standard Industries: Loss widened by 113.69% to ₹5.62 crore, despite a 46.21% revenue increase. Nile: Q3 profit declined by 14.41% YoY to ₹10.16 crore, as revenue dropped 7.57%. Fluidomat: Q3 profit rose 107.66% to ₹5.42 crore, with a 31.75% revenue increase. Saven Technologies: Q3 profit declined 6.17% YoY to ₹0.76 crore, despite a 16.51% revenue increase. Igarashi Motors India: Q3 profit jumped 230.77% YoY to ₹5.16 crore, with revenue up 21.32%. Stay tuned for more business and financial updates!