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Friday, May 6, 2022

India raids engineering firms after Coal India antitrust complaint

The Competition Commission of India (CCI) conducted raids at several small mining services companies on Friday for allegedly colluding on prices while offering services to the world's biggest coal miner, Coal India, four sources told Reuters.

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India Cements becomes subsidiary of UltraTech

UltraTech Cement has acquired a 55.5% stake in India Cements, making it a subsidiary. The acquisition adds 14.5 million tonnes of production...