Netweb Technologies reported a strong Q1 performance with profit after tax more than doubling year-on-year to Rs 30.5 crore, up from Rs 15.24 crore. Operating income surged 102% to Rs 301.2 crore, while operating EBITDA jumped 127.2% to Rs 44.8 crore, reflecting a healthy margin of 14.9%. PAT margin came in at 10.1%.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India