Nuvoco Vistas reported a sharp jump in Q1FY26 profit to ₹133 crore from ₹2.84 crore a year ago, driven by 9% revenue growth and stable expenses. Cement sales hit 5.1 million tonnes and EBITDA reached ₹533 crore, the highest ever for Q1. The company also reduced debt significantly year-on-year, excluding new borrowings for the Vadraj acquisition.
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