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Key Market Developments: ICICI Bank, BEML, JM Financial, and Regulatory Actions
Key Market Developments: ICICI Bank, BEML, JM Financial, and Regulatory Actions
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BTCCSquare news:
India's Competition Commission has launched an investigation into Rashtriya Chemicals and Fertilizers for alleged anti-competitive practices in Maharashtra. The probe focuses on claims of coercive bundling of urea with other products, potentially violating dominance and fair-trade regulations.
BEML secures its first international rail contract with a $1 million deal to retrofit Malaysia's Mass Rapid Transport System, marking a strategic expansion in its overseas infrastructure footprint.
JM Financial Credit Solutions divests 2.1% of its home loans subsidiary to Bajaj Allianz Life Insurance for ₹65.5 crore, reducing its stake to 6.88%. The transaction underscores ongoing portfolio optimization in financial services.
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