New Fiscal Year
Bajaj Hindusthan Sugar posts net loss of Rs 58.36 crore in December quarter
Sugar major Bajaj Hindusthan Sugar Ltd on Monday reported a consolidated net loss of Rs 58.36 crore in the third quarter of this fiscal year on higher expenses. Its net loss stood at Rs 164.53 crore in the year-ago period. Total income rose to Rs 1,433.54 crore in the October-December quarter of 2022-23 financial year from Rs 1,261.33 crore in the corresponding period of the previous year, the company said in a regulatory filing. Bajaj Hindusthan Sugar posted a net loss of Rs 265.64 crore during the first three quarters of this fiscal year as against a net loss of Rs 327.26 crore in the year-ago period. Total income rose to Rs 4,301.24 crore during April-December period of this fiscal year from Rs 3,966.22 crore in the corresponding period of the previous year. Bajaj Hindusthan Sugar Ltd, which is part of the Bajaj Group (Kushagra), has 14 sugar plants, all located in Uttar Pradesh. The plants have an aggregate sugarcane crushing capacity of 1,36,000 tonnes crushed per day and .
 "Bajaj Hindusthan Sugar posts net loss of Rs 58.36 crore in December quarter")
Indian govt's record borrowing in FY24 likely to hit high next fiscal year
The Indian government's borrowing will likely hit a record high next fiscal year, as it prioritizes growth, which could push bond yields higher, ICICI Bank's treasury head told on Thursday
 "Indian govt's record borrowing in FY24 likely to hit high next fiscal year")
Port cargo traffic growth in November slows to 3% amid trade slowdown
Flat cargo numbers since Q2 drag total FY23 growth down to 8.8%
 "Port cargo traffic growth in November slows to 3% amid trade slowdown")
Bharat Petroleum to incur gross marketing losses in current fiscal: Fitch
State-owned Bharat Petroleum Corporation Ltd (BPCL) is likely to incur gross marketing losses in the current fiscal as it is unable to pass cost to consumers, Fitch Ratings said Monday. The rating agency affirmed 'BBB-' rating on BPCL with stable outlook. "Fitch expects BPCL to generate gross marketing losses in FY23, as the Indian oil marketing companies (OMCs) bear the largest burden of surging crude oil prices, with only limited increases being passed on to consumers despite cuts in taxes on retail sales. "We believe near-term prices will remain a function of the government's efforts to balance OMCs' financial health with inflationary and fiscal pressures," it said. The marketing segment, however, should turn profitable from FY24 (April 2023 to March 2024) as crude oil prices fall. "We expect marketing margins to remain aligned with crude oil prices over the long term," Fitch said. The government previously allowed OMCs to recoup losses from the temporary suspension of daily p
 "Bharat Petroleum to incur gross marketing losses in current fiscal: Fitch")
Poverty has fallen, but social inequality in India has increased: Report
The Competitiveness Roadmap for India@100 showed that inequality in India has increased sharply since 2000 in contrast to most of the other countries in the world
 "Poverty has fallen, but social inequality in India has increased: Report")
Data centre capacity to double by FY25 with Rs 40,000 cr investment: Report
The data centre capacity is set to double by FY25 to 1,700-1,800 mw from 870 mw with an investment of Rs 40,000 cr on the back of rising data uptake, coupled with the launch of 5G services
 "Data centre capacity to double by FY25 with Rs 40,000 cr investment: Report")
Markets register their best financial year performance in a decade in FY21
In FY21, the S&P BSE Sensex and Nifty50 have rallied 68 per cent and 71 per cent, respectively
 "Markets register their best financial year performance in a decade in FY21")
Andhra Pradesh may opt for January-December fiscal year
Most states await directions from the central government
 "Andhra Pradesh may opt for January-December fiscal year")
