Shares of Raymond Limited fell 3.47 per cent to close at ₹442.95 on the NSE on Tuesday after the engineering conglomerate reported a sharp decline in quarterly profit and margins for the fourth quarter and full year ended March 31, 2026.

Net profit for Q4 FY26 fell 53 per cent year-on-year to ₹12 crore, while profit before tax dropped 43 per cent to ₹25 crore.

EBITDA for the quarter declined 14 per cent to ₹85 crore, with margins contracting to 13.9 per cent from 16.4 per cent in the same period last year. Total income for Q4 grew a modest 1.8 per cent to ₹613 crore.

For the full year FY26, total income rose 10 per cent to ₹2,312 crore, though EBITDA was flat at ₹335 crore. The full-year figure included a one-time land sale gain of approximately ₹13 crore in the second quarter. PBT for the year fell 20 per cent to ₹99 crore. The company said it remains net cash surplus at ₹68 crore.

The stock, which touched a 52-week high of ₹1,603.80 in May 2025, has shed over 71 per cent in the past year and is now trading in the NIFTY SMALLCAP 500 index with a total market capitalisation of approximately ₹2,988 crore.

Raymond Limited operates two primary business segments. Its Aerospace and Defence unit — operating as JK Maini Global Aerospace Limited — posted revenue growth of 26 per cent for FY26 to ₹392 crore, with EBITDA margins holding steady at around 22-25 per cent. The Precision Technology and Auto Components segment reported 10 per cent revenue growth to ₹1,667 crore, with EBITDA margins improving to 13.4 per cent from 11 per cent a year ago.

The company is investing in a new manufacturing facility in Gudipalli, Andhra Pradesh, with a combined capex of ₹930 crore spread over five years across both segments, targeting commercial production by late 2027. The aerospace order book stands at over ₹2,350 crore over the next five years.

Published on May 5, 2026

New Delhi, May 05 (ANI): Japan’s Minister in charge of Healthcare Policy Kimi Onoda meets Union Health Minister JP Nadda at 3rd Joint Committee Meeting on Healthcare at Bharat Mandapam, in New Delhi on Tuesday
| Photo Credit:
ANI

India and Japan on Tuesday committed to deepen bilateral collaboration in the health sector, with Union Health Minister JP Nadda saying that cooperation between the two countries is anchored in a shared vision of strengthening health systems, improving accessibility and promoting innovation.

Nadda was speaking at the third Joint Committee Meeting (JCM) on Healthcare between India and Japan held at Bharat Mandapam here, which he co-chaired with Japan’s minister in charge of Healthcare Policy, Kimi Onoda.

Welcoming the Japanese delegation, Union Health Secretary Punya Salila Srivastava said, “The Joint Committee Meeting, held under the India-Japan Memorandum of Cooperation, has served as an important platform for advancing this partnership through regular dialogue and deeper mutual understanding.”

Nadda said the meeting reflects the shared commitment of both countries to foster new partnerships in the health sector.

He noted that India-Japan cooperation is guided by the Memorandum of Cooperation in healthcare and wellness, alongside a common goal of strengthening health systems and promoting innovation.

Nadda said the relationship is rooted in over a century of engagement across sectors and reiterated India’s commitment to inclusive development under the guiding principle of ‘Sabka Saath, Sabka Vikas’.

Onoda reaffirmed Japan’s continued engagement with India in advancing healthcare cooperation through innovation, technology and research.

During the meeting, both sides held detailed discussions on such issues as prevention and management of non-communicable diseases (NCDs), supply chain resilience, digital health and human resource development.

India highlighted the rising burden of NCDs and outlined its comprehensive strategy based on screening, continuum of care and sustained health promotion aligned with Sustainable Development Goals.

Japan shared its initiatives in cancer screening, early diagnosis and strengthening treatment systems through technical collaboration.

On supply chain resilience, India emphasised the strength of its pharmaceutical and medical devices sectors, focusing on boosting domestic manufacturing and ensuring affordable access.

Japan elaborated on its public-private collaboration model aimed at enhancing access to high-quality medical products and building resilient supply chains.

India showcased its digital public infrastructure approach under the Ayushman Bharat Digital Mission, while Japan shared its experience in system integration, AI-enabled technologies and collaborative research.

In his closing remarks, Nadda said the deliberations have imparted renewed momentum to the India-Japan health partnership and set a clear direction for strengthening resilient and inclusive health systems.

Published on May 5, 2026

The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets
| Photo Credit:
V RAJU

The fishing communities have sought the intervention of the Prime Minister to constitute a committee to study availability of fish resources before issuing permits to companies and vessels for fishing in the high seas.

Paul Rajan Mampilly and Joseph Xavier Kalapurackal, President and General Secretary of Federation of Fishing Boats and Fishery Industries of Kerala pointed out that the committee should have experts from among the traditional fishing community, who have unmatched calibre and expertise to fish in any weather conditions.

The government is reported to be in the process of issuing permits for high sea fishing to companies and big vessels to harness the fish resources from the deep sea. The present arrangement of issuing permits to the existing fishing boats is on the recommendations of study of availability of fish resources in sea waters prior to 2000.

Currently, there are about 3 lakh fishing boats of various sizes operating in the deep sea. If optimum catch for every boat is visualised some 96,000 boats are only required. Hence the volume of fish resources in sea waters and the catch capability in the form of catch brought to shore have to be studied before embarking on issuing permits to companies and vessels.

As there was no study of the resources available in seawaters in the changed weather conditions after 2000, the need of the hour is to appoint a committee of experts to get deep into the availability of fish wealth and the requirement of fishing vessels to be pooled into water.

uniform price tag

The Union also urged the government to keep a uniform price tag for consumer pumps and retail pumps in marine outlets selling fuel to fishing boats . There are two types of diesel outlets in marine areas that sell diesel at different rates and there is a wider price difference, leading to overcrowding and delays in fuel filling. Many boats could not venture out for fishing in the early hours due to overcrowding.

Published on May 5, 2026

Search for better return on investment is leading the discerning among the retail investors towards investment in Government Securities (G-Secs) via the Reserve Bank of India’s retail direct (RBI-RD) facility, going by the number of accounts opened, primary market subscriptions, traded volume and total holdings so far.

The total number of accounts opened on the central bank’s retail direct portal jumped about 54 per cent year-on-year (yoy) to stand at 3,61,402 as on April 27, 2026, against 2,35,256 as on April 28, 2025.

Primary market subscriptions (cumulative) for financial instruments such as Treasury Bills, Floating Rate Savings Bonds, Central G-Secs and State G-Secs rose 35 per cent y-o-y to ₹8,736 crore as on April 27, 2026 (from ₹ 6,449 crore as on April 28, 2025.

Total traded volume in the aforementioned instruments soared 295 per cent yoy to ₹9,167 crore from ₹2,322 crore. Total holdings of these instruments rose 50 per cent yoy to ₹3,425 crore from ₹2,283 crore.

That these instruments are attractive when it comes to fetching better yields can be gauged from the fact that while a 5-10 year term deposit placed with State Bank of India will earn a depositor 6.05 per cent interest, investment in a 10-year Central G-Sec and a 10-year State G-Sec will fetch a return of 6.48 per cent (semi-annual) and about 7.70 per cent, respectively.

Venkatakrishnan Srinivasan, Founder & Managing Partner, Rockfort Fincap LLP, opined that RBI Retail Direct is increasingly emerging as a preferred investment avenue for retail investors as it brings together sovereign safety, better yields, zero cost, and a fully digital, transparent framework.

“Recent State Development Loan (SDL) auctions, particularly for long-tenor securities above 10 years, have been clearing in the 7.70%–7.80% semi annual range, offering a meaningful yield pickup over bank fixed deposits, which are largely below 7%.

“Importantly, these are sovereign-backed, zero-credit-risk instruments serviced directly by the RBI, giving investors the highest level of safety and payment assurance,” he said.

Venkatakrishnan emphasised that RBI Retail Direct is enabling retail investors to access institutional-grade fixed income opportunities with higher yields, liquidity, and complete transparency — without taking any additional credit risk. This makes it a structurally superior and increasingly preferred alternative to traditional products such as bank FDs and small savings schemes.

The ‘RBI Retail Direct’ scheme was launched on November 12, 2021. to bring G-secs within easy reach of the common man by simplifying the process of investment. Under the scheme, retail individual investors can open a Retail Direct Gilt (RDG) Account with the RBI using a dedicated online portal.

Further, a ‘RBI Retail Direct’ mobile application was launched two years ago, offering retail investors a single sign-on facility for seamless navigation between primary market and secondary market modules of the application.

Last year, unified payments interface (UPI) single-block-and-single-debit payment mode (UPI mandate) was introduced to enable investors to pre-authorise transactions and block funds in their accounts for debits to be initiated as per the scheduled timeline for placement of bids in primary auctions.

Published on May 5, 2026