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electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances. The Shenzhen-based firm posted operating revenue of 201.1 billion yuan ($28.2 billion) during the third quarter, a filing at the Hong Kong Stock Exchange showed, up 24 percent from the same period last year. The company's quarterly revenue figure for the first time exceeded that of American EV powerhouse Tesla, which last week posted $25.2 billion in third-quarter revenue.

Nifty closed lower on Wednesday after a two-day gain. A sell-off in the later half of the session erased the morning gains as the star performers of the previous two days i.e. banks came under profit-taking. Nifty formed a small red candle on Wednesday near the 100-Day Exponential Moving Average (DEMA), signalling strong resistance around 24,470-24,500 levels. If the index sustains above 24,500, it may extend gains to the 24,600–24,700 range, with 24,070 acting as a key support. As long as it holds above this level, a «buy on dips» approach remains viable, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.

Subscribe to enjoy similar stories. New Delhi: Filmmakers are increasingly signing pacts to release films on streaming platforms before they hit the theatres, as they seek to de-risk their projects at a time audiences have soured on movie-going. Producers have also faced criticism for mentioning the streaming partner in the marketing and publicity of the said film, which many say, takes away from the need to go to the cinemas as the movie would soon be available for home-viewing.

The profit figure was slightly higher than ET NOW poll estimates of Rs 3,335 crore.

bankruptcy court has rejected Brihanmumbai Electric Supply and Transport (BEST) Undertaking’s application to direct the liquidator of Spark Green Energy (Satara) Ltd to categorise it as a secured financial creditor and also admit its claim of Rs 156 crore. The city-based public utility undertaking had approached the Mumbai bench of the National Company Law Tribunal (NCLT) after the liquidator of Spark Green Energy (Satara) rejected the company’s claim to admit the amount. “The respondent (liquidator) was fully justified in categorizing the appellant as an unsecured financial creditor, given that the charge was not registered with the registrar of companies,” said the division bench of Kuldip Kumar Kareer and a technical member Anil Raj Chellan in its order of October 25. “Therefore, no fault can be found with the impugned order passed by the respondent. Consequently, we reject the appellant's prayer to be considered and classified as a secured financial creditor of the corporate debtor.”

IPO) at Rs 371-390 per equity share of the face value of Re 1, according to an announcement by the Bengaluru-based Food and grocery delivery company on Wednesday. The IPO will be open for subscription from November 6-8.

GE Power India Ltd.(up 5.00%), Karma Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 4.96%), Jyoti Structures Ltd.(up 4.96%), Voltamp Transformers Ltd.(up 4.70%), Indowind Energy Ltd.(up 4.68%), RattanIndia Power Ltd.(up 4.00%), India Power Corporation Ltd.(up 3.26%), Inox Wind Ltd.(up 3.26%) and Gujarat Industries Power Company Ltd.(up 3.25%) stood among the top gainers.

young volunteers in 315 districts across the country as the first responders to disaster preparedness and response. The 'Yuva Apada Mitra Scheme' was launched at the 20th formation day function of the National Disaster Management Authority (NDMA) here on Monday, an official release said. According to the plan, under the 'Yuva Apada Mitra Scheme', 2,37,326 young volunteers from the youth organisations such as National Cadet Corps (NCC), Nehru Yuva Kendra Sangathan (NYKS), Bharat Scouts & Guides (BS&G) and National Service Scheme (NSS) will be trained in 315 districts of 28 states as a first respondents to disaster preparedness and response. Besides, 1,300 trainers will also be prepared under the up-scaling of 'Aapda Mitra Scheme' with an estimated total cost of Rs 469.53 crore.

On the BSE, Shankar Lal Rampal(down 15.21 per cent), Five-Star Business Finance(down 12.85 per cent), Dr. Lalchandani Labs(down 12.33 per cent), AVI Products India (down 10.16 per cent) and Venus Remedies(down 10.04 per cent) stood among the top losers in today's trade.

These high-performing stocks that rallied more than 10% during the session included, Precision Camshaft(14.54%), WPIL Ltd(14.53%), Response Informatic(14.44%), APM Finvest(14.24%), Capri Global(13.87%), Jain Irrigation(13.79%), Balurghat Tech(13.50%), KJMC Financial(13.40%), Ashapura Minechem(13.34%) and Cosyn (12.84%).

Gautam Adani is exploring investment opportunities in Bhutan's Gelephu Mindfulness City, a new urban project aimed at transforming the southern region of the Himalayan kingdom into a thriving economic hub. Gelephu Governor Lotay Tshering told Bloomberg, Bhutan is engaging with the Adani Group, led by Asia's second-richest individual, to develop solar and hydroelectric plants within this ambitious 1,000-square-kilometer township near the Indian border. Bhutan’s investment initiative underscores its long-standing alliance with India, which views Bhutan’s growth as strategic for countering China’s influence in the region. This partnership offers Adani Group a chance to bolster its green energy portfolio, aligning with its existing international projects across Israel, Kenya, Sri Lanka, Bangladesh, and Vietnam. Governor Tshering, who served as Bhutan’s Prime Minister until 2023, revealed that hundreds of sites have been identified for renewable energy projects in the Gelephu area. With an estimated capacity addition of 20 gigawatts, the project aims to establish a sustainable energy network. This includes planned contracts for constructing roads, bridges, and facilities that could attract investors from across Asia.

JHS Svendgaard Laboratories Ltd.(up 4.99%), Parag Milk Foods Ltd.(up 4.32%), Gillette India Ltd.(up 3.78%), Marico Ltd.(up 3.50%), Vadilal Industries Ltd.(up 3.39%), Tata Consumer Products Ltd.(up 3.09%), Emami Ltd.(up 2.73%), Hindustan Foods Ltd.(up 2.64%), Heritage Foods Ltd.(up 2.32%) and Umang Dairies Ltd.(up 2.31%) stood among the top gainers.

Aam Aadmi Party (AAP) convener Arvind Kejriwal on Wednesday defended ban on firecrackers, saying it is necessary for protecting people from pollution and there is no 'Hindu-Muslim' angle to it. Kejriwal said Diwali is a festival of lights and it should be celebrated by lighting 'diya' and candles instead of bursting firecrackers that cause pollution. «It's not that we are doing any favour to others. We are doing favour to ourselves because ultimately we and our small kids will suffer from the pollution caused (by bursting crackers),» he said in a press conference.

fiscal year 2025, announced an interim dividend of Rs 2.75 per share for the company’s shareholders. It has fixed November 8 as the record date for the purpose. “Pursuant to Regulations 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs. 2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2024-25. Pursuant to Regulation 42 of the Listing Regulations, the Company has vide its letter dated October 16, 2024 already informed to Stock Exchanges regarding the Record Date of November 08, 2024,” said the company in an exchange filing.

Dabur on Wednesday announced the acquisition of Sesa Care, engaged in the Ayurvedic personal care and wellness segment, at an enterprise value of Rs 315-325 crore. This new acquisition will help Dabur to expand in the Rs 900 crore ayurvedic hair oil market, the company said in a regulatory filing. It has entered into an agreement to acquire the majority 51 per cent stake from its shareholder True North (a private equity fund) for Rs 12 crore at face value.

Supreme Court has said courts cannot impose a condition on the accused to furnish bail bonds after six months of the passing of the bail order. A bench of Justices Bela M Trivedi and Satish Chandra Sharma said if the court was satisfied on merits, it should either grant bail or reject it. On October 24, the apex court dealt with a petition filed by a man who had challenged an order of the Patna High Court, directing him to furnish bail bonds after six months in a case against him under the Bihar Prohibition and Excise Amendment Act.

Datawrkz, a subsidiary of listed gaming and media firm Nazara Technologies, on Wednesday said it has fully acquired UK-based growth marketing agency Space & Time. The deal was valued at around Rs 52.3 crore, it said in an exchange filing. The company said acquiring Space & Time will help in expanding across Europe and North America and boosting its growth in the global digital advertising market. It will also boost Datawrkz’s revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) through cross-selling of products and services, it said.

Shares of Mankind Pharma Ltd.(up 3.92 per cent), Natco Pharma Ltd.(up 3.1 per cent), Sanofi India Ltd.(up 2.1 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.54 per cent) and Divi's Laboratories Ltd.(up 1.44 per cent) ended the day as top gainers in the pack.

The 30-share BSE Sensex dropped 427 points, or 0.53%, to close at 79,942, while the broader NSE Nifty fell 126 points, or 0.51%, to end at 24,340.

stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Force Motors(19.99%), Yash Chemex Ltd.(19.99%), Tirupati Sarjan(19.98%), Pharmaids Pharm(19.97%), Baba Arts(19.83%), Taylormade Renewable(19.13%), Gala Precision Engin(18.33%), GHCL Textiles(16.71%), Sunshield Chem(15.38%) and Futuristic Sol(15.10%).

Benchmark NSE Nifty closed 126.0 points down at 24340.85 amid selling in frontline bluechip counters.