Thu, Jan 23, 2025 10:45 AM
BPCL shares tumble 2% after Q3 results disappoint. What brokerages say?
A Flip by Swapnil Tiwari
With the Union Budget 2025 just around the corner, the liquor, tobacco, and gaming industries are hoping that the government would announce certain reforms that could address current challenges like steep taxation and cumbersome regulatory frameworks. The Federation of Hotel & Restaurant Associations of India (FHRAI) has highlighted the complexities in excise and liquor licensing rules.
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European shares were flat on Thursday, hovering below a record high touched in the previous session, as a 1.2% drop in technology shares offset gains in telecom and utilities, while investors assessed a mixed set of corporate earnings. The pan-European STOXX 600 was little changed as of 0825 GMT. The benchmark hit an all-time intraday high on Wednesday.
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South Korean automotive major Hyundai Motor Company sees a slower year ahead, projecting a revenue growth of 3-4% in 2025, lower than the 7.7% on year growth seen last year. Compared to 2024, Hyundai said it sees greater 'macro uncertainties' this year, along with intensifying competition and limited demand growth.
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