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    India exports 12.5 tons of Dashehari, Langra mangoes from UP to Dubai via sea route
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July 22, 2026
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Forced-labour import controls face proposed Section 301 tariff action, while India contests the investigations through bilateral trade discussions.
Section 301 investigations concerning forced-labour imports examine whether 60 major trading partners, including India, have adopted and effectively enforced import prohibitions on goods produced with forced labour. Proposed additional tariffs would vary according to the strength of existing forced-labour import controls. India has contested the investigations and indicated that these issues may be addressed through the bilateral trade agreement under discussion. India has also initiated an anti-dumping investigation into global soda ash imports to assess potential injury or threat of injury to domestic industry.
July 22, 2026
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Disproportionate-assets investigation examines property, bank accounts, tax returns and investments linked to a power company official and relatives.
Disproportionate-assets investigation concerns allegations that a power distribution company official and close relatives acquired movable and immovable assets beyond known sources of income. Lokayukta Police conducted searches, identified assets and bank deposits linked to the official, family members and associated business entities, and sought freezing of account transactions. The inquiry includes verification of property acquisitions, income-tax returns, and stock-market and mutual-fund investments, with further investigation pending.
July 22, 2026
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Farm loan waiver eligibility requires verified data, Agristack registration and Aadhaar authentication before direct transfer to loan accounts.
The farm-loan waiver and one-time settlement mechanism applies to eligible beneficiaries whose loan data is uploaded by participating banks and verified through the scheme portal. Excluded categories include legislators, local-body office-bearers, government employees, certain income-tax payers, and specified cooperative-sector personnel. Eligible farmers must register on Agristack and complete Aadhaar authentication using their Aadhaar number or unique ID. After successful authentication, the eligible benefit is transferred directly to the loan account through the Direct Benefit Transfer system.
July 22, 2026
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Sea-route mango export protocol validates cold-chain shipping that can reduce logistics costs and expand overseas market access.
A sea-route export protocol for Dashehari and Langra mangoes was commercially validated for shipment from Uttar Pradesh to Dubai under an extended harvest-to-market transit period. The process used scientific post-harvest management, shelf-life treatment, grading, packing, refrigerated-container transport and a continuous cold chain. The reported marketable condition on arrival supports wider use of cost-effective sea freight, potentially reducing logistics costs, improving grower procurement prices and expanding access to overseas markets.
July 22, 2026
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Core banking migration supports faster transactions, stronger cyber security, transparent services and more convenient digital banking for customers.
Migration of the cooperative bank's core banking system to the Finacle 10.2.25 platform is intended to enable faster, more transparent and secure banking services. The platform is expected to support customer-friendly transactions, stronger cyber security, convenient digital banking and improved operational efficiency. It may also strengthen the bank's delivery of financial benefits under government welfare schemes.
July 22, 2026
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Foreign investment recovery signals improved economic confidence amid sustained trade momentum and renewed food- and fuel-led inflation pressures.
Foreign investment recovery, external trade momentum and inflation developments are examined amid geopolitical and supply-chain uncertainty. Strong export and import growth, the operationalisation of the India-UK Comprehensive Economic and Trade Agreement, renewed portfolio inflows and higher foreign direct investment were identified as supporting external-sector confidence. Consumer price inflation increased, led by food and fuel, while core inflation remained unchanged. Food-price pressures continued across staples, edible oils and vegetables, although comfortable foodgrain stocks could mitigate food-inflation effects.
July 22, 2026
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Interim trade deal negotiations near completion as bilateral discussions advance tariffs, defence agreements, strategic cooperation, and regional security.
India-US bilateral engagement focused on advancing an interim trade arrangement reported to be nearing completion, alongside discussions on tariffs, energy, defence and security, critical minerals, and artificial intelligence. The talks included a shared interest in finalising the interim trade deal and completing unspecified defence agreements connected with prior bilateral commitments. Regional security, West Asia, the Indo-Pacific, and Quad cooperation were also discussed amid efforts to restore bilateral relations following trade, immigration, and security-related strains.
July 22, 2026
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Bail cancellation requires harm to criminal justice administration, not merely a legally flawed order granting liberty.
Bail cancellation must turn on whether continued liberty obstructs the administration of criminal justice, not solely on legal error in the order granting bail. A deficient bail order, without more, does not justify revoking liberty. Challenges to bail orders should not displace the objective of timely trials and securing convictions. Although erroneous legal principles may require correction for consistency, they may not alone warrant cancellation of bail. Broader questions concerning the governing cancellation standard remain open.
July 22, 2026
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Corporate law amendments face extended parliamentary review of proposals on compliance decriminalisation, ease of doing business, and governance modernisation.
Parliament extended the Joint Parliamentary Committee's reporting deadline on the proposed Corporate Laws (Amendment) Bill, 2026 until the end of the Monsoon Session. The Committee is examining amendments to the Limited Liability Partnership Act, 2008 and the Companies Act intended to facilitate ease of doing business, decriminalise minor procedural defaults, and modernise the corporate governance framework.
July 22, 2026
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Same-day gifting delivery expands access to cakes, flowers and curated gifts through an integrated pan-India online platform.
Archies Online has introduced a pan-India same-day delivery service for cakes, flowers, gifts and hampers across major cities. Its integrated online platform offers greeting cards, personalised gifts, chocolates, soft toys and curated hampers for personal, professional and festive occasions. Same-day options include Rakhi and Friendship Day collections, supported by product curation, fresh sourcing and a delivery network intended to provide timely and dependable gifting services.
July 22, 2026
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Mephedrone trafficking enforcement uncovered a clandestine laboratory, controlled precursors, alleged drug proceeds and an intended receiver.
Illicit manufacture and trafficking of Mephedrone, a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, 1985, were addressed through an intelligence-led operation involving a clandestine laboratory. Manufacturing equipment, Mephedrone, its controlled precursor, Monomethylamine, and other chemicals used in manufacture were seized under the Act. Cash believed to be drug-trafficking proceeds and a further amount intended as token payment for delivery were recovered. Three persons were arrested in connection with the alleged network.
July 22, 2026
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Bail parity in liquor-scam proceedings sustained where principal accused had bail; adverse investigative remarks were removed.
Bail in the alleged liquor-scam proceedings was sustained on the basis of parity, the applicant's comparatively lesser alleged role, prolonged custody, and the documentary nature of the investigation. The evidentiary value of statements, financial records and digital material was regarded as an issue for trial rather than conclusive assessment at the bail stage. Adverse observations against the state economic-offence investigation were expunged.
July 22, 2026
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Generic medicine import tariffs are designed to encourage domestic pharmaceutical manufacturing while preserving policy for patented, branded and innovative drugs.
Generic medicine imports into the United States are proposed to remain duty-free for two years, followed by escalating tariffs. The structure is intended to encourage pharmaceutical companies to establish manufacturing plants and equipment in the United States, with higher duties applying where companies do not do so within the stated period. The policy is confined to generic drugs, while the approach for patented, branded and innovative medicines is stated to remain unchanged.
July 22, 2026
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Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
Asian equity markets largely rose following Wall Street gains led by artificial-intelligence and semiconductor shares. Rising crude oil prices are identified as a renewed inflation risk that could encourage central banks to raise interest rates, slowing economic activity and affecting equity valuations. Japan's reliance on imported energy and the effects of a weaker yen on trade values and energy costs are also highlighted.
July 22, 2026
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Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
July 22, 2026
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Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
July 22, 2026
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Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
July 21, 2026
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Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
July 21, 2026
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Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
Rural Infrastructure Development Fund financing supports rural infrastructure in Haryana, including irrigation, roads and drinking-water assets. Rural cooperative strengthening includes digitisation and financial viability of Primary Agricultural Credit Societies, alongside promotion and financial support for Farmer Producer Organisations. Climate-resilient measures include watershed development, groundwater management, micro-irrigation, direct seeding of rice and vegetable clusters, supplemented by livelihood training for rural women and agricultural lending and project-appraisal support.
July 21, 2026
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Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
Supreme Court proceedings covered election representation, criminal justice, insolvency and regulatory compliance. The Court considered challenges concerning political-party merger approval, separate insolvency proceedings for group entities, and espionage charges. It sought responses on an appeal mechanism for persons excluded from the National Register of Citizens and alleged non-utilisation of environmental relief funds. Criminal matters included medical assessment for interim bail, a fresh trial in a blast case, and the principle that a juvenile accused of murder may face adult trial where statutory conditions for a heinous offence are met.

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Customs & Trade

Raymond Limited reports a healthy Q1 FY27 performance

August 8, 2026

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Mumbai, 8th August 2026: Raymond Limited today announced its unaudited financial results for the quarter ended 30th June 2026.

Key Highlights: • Total Income at ₹ 628 Cr in Q1 FY27 vs. ₹ 555 Cr in Q1 FY26, 13% Y-o-Y growth • EBITDA at ₹ 100 Cr in Q1 FY27 vs. ₹ 87 Cr in Q1 FY26, 14% Y-o-Y growth • EBITDA Margin at 15.9% in Q1 FY27 vs 15.7% in Q1 FY26 • Continue to be Net Debt free with a net cash surplus of ₹ 129 Cr Particulars (₹ Cr.): • Total Income: Q1 FY27 – 628 | Q4 FY26 – 613 | Q1 FY26 – 555 | YoY – 13% • EBITDA: Q1 FY27 – 100 | Q4 FY26 – 85 | Q1 FY26 – 87 | YoY – 14% • EBITDA Margin %: Q1 FY27 – 15.9% | Q4 FY26 – 13.9% | Q1 FY26 – 15.7% • PBT (before exceptional items): Q1 FY27 – 42 | Q4 FY26 – 25 | Q1 FY26 – 30 | YoY – 38% • PBT Margin (before exceptional items): Q1 FY27 – 6.6% | Q4 FY26 – 4.1% | Q1 FY26 – 5.4% Note: Raymond Limited now includes two subsidiaries -1) Aerospace & Defence and 2) Precision Technology & Auto Components.

Raymond Limited continued with steady growth momentum in Q1 FY27, with Total Income of ₹ 628 Cr, reflecting a 13% increase over the previous year. While, the quarterly EBITDA stood at ₹ 100 Cr with an EBITDA margin of 15.9%, an increase of 14% over the previous year.

This performance was anchored by the Aerospace & Defense and Precision Technology & Auto Components divisions. In the Aerospace & Defence division, we capitalized on the shift toward domestic production of sophisticated subsystems, securing a high-value pipeline for global Tier-1 partners. Similarly, the Precision Technology & Auto Components division saw healthy growth in export of critical components for the hybrid sector, ensuring healthy operational momentum across the group Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond Limited said; "Q1 FY27 was defined by healthy growth across our core Aerospace, Defence, and Precision Technology segments, maintaining resilience through the quarter. Our strategy remains clear: we are investing in high-moat sectors where our technical expertise provides a competitive edge. Key operational milestones—keeping our state-of-the-art Andhra Pradesh greenfield facility strictly on schedule—demonstrate our expanding capabilities. Our priority is to scale at pace with global demand and capture high-margin opportunities that build long-term shareholder wealth." Q1FY27 Segmental Snapshot Particulars (₹ Cr.): • Precision Technology & Auto Components: Revenue – Q1 FY27: 444 | Q1 FY26: 398 | YoY: 11% | EBITDA – Q1 FY27: 61 | Q1 FY26: 42 | YoY: 46% | EBITDA Margin – Q1 FY27: 13.8% | Q1 FY26: 10.6% • Aerospace & Defense: Revenue – Q1 FY27: 123 | Q1 FY26: 87 | YoY: 40% | EBITDA – Q1 FY27: 26 | Q1 FY26: 21 | YoY: 25% | EBITDA Margin – Q1 FY27: 21.2% | Q1 FY26: 23.7% • Others: Revenue – Q1 FY27: 61 | Q1 FY26: 70 | EBITDA – Q1 FY27: 12 | Q1 FY26: 24 • Total: Revenue – Q1 FY27: 628 | Q1 FY26: 555 | YoY: 13% | EBITDA – Q1 FY27: 100 | Q1 FY26: 87 | YoY: 14% | EBITDA Margin – Q1 FY27: 15.9% | Q1 FY26: 15.7% Q1FY27 Segmental Performance Aerospace & Defence Business: Generated ₹ 123 crore in revenue in Q1 FY27, a 40.4% increase over ₹ 87 crore in Q1 FY26. EBITDA grew by 25.4%, reaching ₹ 26 crore in Q1 FY27 compared to ₹ 21 crore in Q1 FY26. EBITDA margins were at 21.2% in Q1 FY27 compared to 23.7% in Q1FY26, this temporary compression was due to targeted R&D investments required to capture revenue expansion; margins will stabilize as programs reach steady-state.

Our overall performance was bolstered by increased production for leading global OEMs and product portfolio expansion. Furthermore, easing supply chain headwinds, paired with our expanded capacity, position us for seamless execution against a growing multi-year order book.

Precision Technology & Auto Components: Generated ₹ 444 crore in revenue in Q1 FY27, a 11.5% increase from ₹ 398 crore in Q1 FY26. This was primarily driven by a ramp up in our export business, despite geopolitical headwinds, our strategic resilience allowed us to maintain steady growth. EBITDA grew by 45.5%, reaching ₹ 61 crore in Q1 FY27 compared to ₹ 42 crore in Q1 FY26 on account of higher sales and operating leverage. The EBITDA margin stood at 13.8% for the quarter vs. 10.6% in Q1 FY26. This margin expansion was on account of volume growth, an improved product mix, enhanced operating leverage and targeted cost reduction initiatives.

We are pursuing a footprint in new global markets and industrial sectors, capitalizing on the 'China Plus One' tailwinds. By combining integration synergies with sharpened operational efficiencies, we are capturing significant business momentum both domestically and globally.

Raymond Limited continues to remains net-debt-free, with a net cash surplus of ₹ 129 Cr as of June’26, providing the financial flexibility required to fund future organic and inorganic growth opportunities.

About Raymond Limited With the inception in 1925, Raymond Limited has been a pioneer and leader in fabric manufacturing and then forayed in other sectors such as engineering and Real Estate. With the acquisition of Maini Precision Products Limited (MPPL) Raymond’s engineering business has forayed into the sunrise sectors of Aerospace & Defence & EV components and caters to international as well as domestic markets. After demerging its Lifestyle Business and Real Estate verticals into independent listed entities, Raymond Limited now has two core verticals within the Engineering business – Precision Technology & Auto Components and Aerospace & Defence. It serves a global customer base of both B2B and B2C clients across more than 60 countries in Asia-Pacific, Africa, Latin America, Europe, and North America, with exports contributing over 50% to our total business due to our widespread reach and customer-centric approach. Raymond’s engineering business commands a leadership position in manufacturing files and hand tools and has a significant presence in national and international markets.

Disclaimer: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Raymond Realty Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

To know more, visit us today at www.raymond.in For further information, please contact: Shalini Singh Corporate Communications Raymond Limited Tel: 022 6152 7624 Email: [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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