🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

FY25 fiscal deficit on track: Touches 100.5% of revised target at Rs 15.77 lakh crore

Business Today

Business Today · 7m ago

FY25 fiscal deficit on track: Touches 100.5% of revised target at Rs 15.77 lakh crore

The fiscal deficit for FY25 reached Rs 15.77 lakh crore, achieving 100.5% of the revised target. Government expenditure was Rs 46.56 lakh crore, 98.7% of the fiscal year's budget target. Revenues totalled Rs 30.36 lakh crore, with Rs 24.99 lakh crore from taxes and Rs 5.38 lakh crore from non-tax sources. The fiscal deficit target for FY26 is set at 4.4%.

1

Related News

India's April-September fiscal deficit at Rs 5.73 lakh crore, widens on-year to 36.5% of FY26 aim

Economic Times

Economic Times · 2m ago

India's April-September fiscal deficit at Rs 5.73 lakh crore, widens on-year to 36.5% of FY26 aim

India's fiscal deficit for April to September reached ₹5.73 lakh crore, or 36.5% of the annual target, compared to 29.4% in the same period last year. Total receipts were ₹17.30 lakh crore, and expenditures were ₹23.03 lakh crore. Notably, non-tax revenue rose significantly due to a higher RBI dividend. The government remains committed to reducing the fiscal deficit to below 4.5% by 2026, with strong tax collections despite ongoing capital expenditures.

Centre’s capex slows in February, April to February capex 80% of full year target

Business Today

Business Today · 9m ago

Centre’s capex slows in February, April to February capex 80% of full year target

The central government's capital expenditure from April 2024 to February 2025 reached Rs 8.11 lakh crore, achieving 80% of the full-year target. In February 2025, Rs 54,528 crore was spent, marking a slowdown since December 2024. Key sectors like railways and roads completed 91% and 90% of their targets, respectively. The fiscal deficit was Rs 13.46 lakh crore, or 85.8% of the targeted amount. Factors such as general elections and prolonged monsoon impacted spending forecasts.

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

Economic Times

Economic Times · 5m ago

Govt does not foresee revenue shortfall, aims to achieve deficit target: MoS Finance

The Central Government does not anticipate any revenue shortfall and aims to meet the fiscal deficit target of 4.4% of GDP, amounting to Rs 15.69 lakh crore for 2025-26, according to Minister of State for Finance Pankaj Chaudhary. The government will support state finances through various grants and schemes, with total resources transferred to states estimated at Rs 25.01 lakh crore. Public sector banks are close to fully staffed, with ongoing recruitment efforts.

India’s fiscal deficit for April–August at ₹5.98 lakh crore, widens to 38% of FY26 target

Economic Times

Economic Times · 3m ago

India’s fiscal deficit for April–August at ₹5.98 lakh crore, widens to 38% of FY26 target

India's fiscal deficit for April-August was ₹5.98 lakh crore, achieving 38.1% of the FY26 target. Net tax receipts decreased to ₹8.1 lakh crore from ₹8.7 lakh crore the previous year, while non-tax revenue increased to ₹4.4 lakh crore from ₹3.3 lakh crore. Total government expenditure rose to ₹18.8 lakh crore, up from ₹16.5 lakh crore, with capital expenditure notably increasing to ₹4.3 lakh crore from ₹3 lakh crore in the same timeframe.

Do bond fund investors need to change their strategy after Budget?

Money Control

Money Control · 1y ago

Do bond fund investors need to change their strategy after Budget?

On July 24, the India 10-Year Bond Yield increased to 7.09%. This rise in yield is seen as a positive for the Indian bond market as the government remains committed to reducing public debt-to-GDP ratio and fiscal deficit. In the Budget 2024, the total capital expenditure for the financial year 2025 remains unchanged at Rs 11.1 lakh crore, and the fiscal deficit target has been reduced to 4.9% from the previous estimate of 5.1%. This fiscal consolidation path is expected to create opportunities for the Reserve Bank of India to make necessary policy adjustments.

Tracxn slips into losses in Q4 FY25 amid flat revenue

Entrackr

Entrackr · 7m ago

Tracxn slips into losses in Q4 FY25 amid flat revenue

Data and research platform Tracxn announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Monday. The firm slipped into losses during the quarter, while its revenue grew by a mere 5% over the same period. Tracxn's revenue from operations stayed flat at Rs 21 crore in Q4 FY25, compared to Rs 20 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Tracxn’s operating revenue increased 2% to Rs 84.5 crore in FY25 from Rs 83 crore in FY24. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.5 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.7 crore in the fourth quarter. Meanwhile, for the full fiscal year (FY25), total income stood at Rs 90.36 crore. Employee benefits remained the largest cost center for Tracxn, accounting for 86% of its total expenditure. These expenses increased by 5.6% year-on-year, rising to Rs 19.36 crore in Q4 FY25 from Rs 17.77 crore in Q4 FY24. Overall, Tracxn's total costs grew by approximately 10%, reaching Rs 22 crore in Q4 FY25. For the fiscal year ending March 2025, total expenses increased to Rs 84 crore. The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn to slip into losses. The company’s loss after tax stood at Rs 8 crore in Q4 FY25 from a profit of Rs 1.42 crore in Q4 FY24. However, the company reported a profit before tax of Rs 73 lakhs. Meanwhile, for the full fiscal year (FY25), its losses stood at Rs 9.5 crore. The company recently approved an ESOP grant of over 2 lakh shares, valued at Rs 41.6 lakh. As of the last trading session, Tracxn’s share price was Rs 63, giving the company a market cap of Rs 674 crore ($79 million).

Govt to exceed FY25 direct tax collection target: CBDT chief

YourStory

YourStory · 1y ago

Govt to exceed FY25 direct tax collection target: CBDT chief

The Indian government is set to exceed its direct tax collection target of Rs 22.07 lakh crore for the current fiscal year, according to the chairman of the Central Board of Direct Taxes (CBDT), Ravi Agarwal. Taxpayers who have not disclosed their foreign income or assets in their tax returns have until December 31 to file their revised returns for the 2023-24 fiscal year. The tax department is sending reminders to those who have high-value assets yet have not disclosed them. The CBDT has received over 6,000 suggestions to simplify the income tax law for ease of understanding.

Budget Snapshot: Centre can afford to not cut its FY25 borrowing target

Money Control

Money Control · 1y ago

Budget Snapshot: Centre can afford to not cut its FY25 borrowing target

The central government in India can easily borrow from the domestic bond market to finance its fiscal deficit, especially with the unexpected increase in revenue from a large dividend payout by the Reserve Bank of India (RBI). This gives the government more flexibility for spending or potentially reducing the fiscal deficit. Some market participants suggest that the government could even bring down the fiscal deficit target further from the 5.1 percent of GDP stated in the interim budget.

Foxtale’s revenue nears Rs 200 Cr in FY25; losses jump 38%

Entrackr

Entrackr · 5d ago

Foxtale’s revenue nears Rs 200 Cr in FY25; losses jump 38%

Foxtale, a direct-to-consumer skincare and beauty brand, continued its strong growth momentum in FY25 as it scaled up aggressively. However, the Mumbai-based company remained in the red due to a sharp rise in expenses. Foxtale’s revenue from operations grew 2.4x to Rs 199 crore in FY25 from Rs 83 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Founded in 2021 by Romita Mazumdar, Foxtale is an affordable skincare brand focused on products designed for Indian skin. Its products target issues such as acne, aging, and hyperpigmentation. The sale of skin and beauty products was Foxtale's sole source of revenue in the fiscal year. Including other income of Rs 7 crore, the company’s total income stood at Rs 206 crore during FY25. On the spending side, advertising cost accounted for 38% of the total expense. To the tune of scale, this cost more than doubled to Rs 106 crore in FY25 from Rs 50 crore in FY24. Cost of material also doubled to Rs 74 crore in FY25 from Rs 34 crore in FY24. Employee benefit expense increased by 55% to Rs 31 crore in the same period. Overall, Foxtale’s total expenses more than doubled to Rs 279 crore in FY25 from Rs 139 crore in FY24. The company’s net loss increased by 38% to Rs 73 crore in FY25 from Rs 55 crore in FY24. Its ROCE and EBITDA margin improved to -26.87% and -39.20% respectively. On a unit basis, Foxtale spent Rs 1.40 to earn a rupee of operating revenue in FY25, improving from Rs 1.67 in the previous fiscal year. Its cash and bank balance increased to Rs 166 crore in FY25 from Rs 43 crore in FY24, while current assets grew to Rs 316 crore. According to TheKredible, Foxtale has raised a total of $52 million of funding till date, having Matrix Partners and Kae Capital as its lead investors. The company’s Founder and CEO, Romita Mazumdar owns 34% of the company. Foxtale recently said that about 50% of purchases through its D2C website are from repeat customers. It also claimed that it is on track to end the year with an Annual Recurring Revenue (ARR) of over Rs 700 crore in GMV and expects to achieve profitability next year.

IREDA eyes over 21% growth in revenue from operations to Rs 8,200 crore this fiscal

Economic Times

Economic Times · 4m ago

IREDA eyes over 21% growth in revenue from operations to Rs 8,200 crore this fiscal

Indian Renewable Energy Development Agency (IREDA) aims for over 21% growth in revenue from operations this fiscal year, targeting Rs 8,200 crore, compared to the previous year's Rs 6,743.32 crore. This target is set in a performance-based MoU with the Ministry of New and Renewable Energy for FY 2025-26. The agreement outlines strategic targets, including key performance parameters, with IREDA's management optimistic about maintaining its excellent performance track record.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

OYO’s parent PRISM gets sharehold ...

‘Oops! Something went wrong’: Rap ...

Zepto makes confidential filing w ...

Download the medial app to read full posts, comements and news.