The Competition Commission of India has ordered a probe against state-run Rashtriya Chemicals and Fertilizers for allegedly compelling dealers and farmers to buy other products along with urea in Maharashtra. Acting on a complaint filed by an individual, the fair trade watchdog said the conduct of RCF appeared to contravene provisions of the Competition Act, including those relating to abuse of dominant position and anti-competitive agreements, according an order.
BEML Ltd has received its maiden overseas contract in the Rail and Metro segment from Malaysia for the Retrofit and Reconditioning of the Mass Rapid Transport System, valued at $1 million.
JM Financial Credit Solutions Ltd, a wholly-owned subsidiary of JM Financial, on Sunday said it will sell a 2.1 per cent stake in its home loans subsidiary to Bajaj Allianz Life Insurance Company for ₹65.5 crore. In a regulatory filing on Sunday, JM Financial said JMFCSL has executed an investment agreement with Bajaj Allianz Life Insurance to sell 1.36 crore equity shares, representing a 2.10 per cent stake in JM Financial Home Loans at ₹48 apiece. The transaction, scheduled for completion by August 31, will reduce JM Financial Credit Solutions’ shareholding in the home loans subsidiary JMFHLL from 8.98 per cent to 6.88 per cent.
Shilpa Medicare Ltd has announced the approval of its Nor Ursodeoxycholic Acid (NorUDCA) Tablets 500 mg, by the Central Drugs Standard Control Organization (CDSCO), marking a major milestone in innovative NAFLD therapy in India. The approval reinforces Shilpa Medicare’s commitment to addressing unmet medical needs in hepatology through innovation and evidence‐based solutions. This approval will make Shilpa the first company to launch this novel product for NAFLD.
ICICI Bank has raised the minimum balance requirement for its new savings bank accounts opened on or after August 1 by five times to Rs 50,000. The minimum monthly average balance (MAB) for savings bank accounts till July 31, 2025 for ICICI Bank customers was Rs 10,000. Similarly, MAB for semi-urban locations and rural locations have been increased five times to Rs 25,000 and Rs 10,000, respectively, according to information available on the ICICI Bank website. In case account holders fail to meet the MAB, customers will be liable to pay penal charges of 6 per cent of the shortfall in required MAB, or Rs 500, whichever is lower.
Hexaware Technologies has opened its South African office to offer AI-led, human intelligence-perfected solutions to businesses across the African continent. “South Africa has always been a pivotal point when we talk about IT transformation as a headquarters for Indian companies. All the big (Indian) entities like Tata Communication Services and Mahindra have their African headquarters in South Africa. That is one of the main reasons for us doing well,” said Vishal Narayan Sinha, Business Head – Africa, Hexaware, at the launch of the office in the economic hub of Sandton in Johannesburg.
Nitin Fire Protection Industries Ltd has received an order for a Fire Fighting System and Addressable Fire Alarm System from the Indian Institute of Management at IIM Mumbai. The order value is ₹25.96 lakh (inclusive of all taxes).
Buckman Laboratories (Asia) PTE LTD (Buckman), a wholly-owned subsidiary of Bulab Holdings, Inc., a global leader in water treatment, process chemistry and digital solutions, headquartered in Memphis, Tennessee, US and Atul Ltd (Atul), a chemical company in India, have signed an agreement for a strategic joint venture to manufacture, market and deliver advanced water treatment with digital and chemical solutions in India and Sri Lanka, and anticipate that ancillary agreements and incorporation related documentation will be completed by early October 2025. The JV, which will do business as ‘Atul-Buckman’, will leverage and combine the widely recognised portfolio of water treatment chemistries, digital solutions and technical expertise of Buckman and strong manufacturing capabilities, market access and distribution strength of Atul in India.
Leo Dryfruits & Spices Trading Ltd has secured an order for supply of Whole Spices, Blended spices, Dry Fruits, Ghee, and Namkeen to Kendriya Police Kalyan Bhandar (KPKB), operating under the Ministry of Home Affairs, Government of India.
Sattrix Information Security Ltd has said that Sattrix Information Security SDN. BHD., a joint venture formed in 2024 with Cloud IOT SDN. BHD, has been granted two prestigious cybersecurity service provider licences by the National Cyber Security Agency (NACSA), Malaysia, under the Cyber Security Act 2024 (Act 854).
Zydus Lifesciences Ltd has received final approval from the United States Food and Drug Administration (USFDA) for Prucalopride Tablets, 1 mg and 2 mg (USRLD: Motegrity ® Tablets, 1 mg and 2 mg). Prucalopride is prescribed for chronic idiopathic constipation (CIC), a condition where the cause of constipation is unknown.
‘Bangur’ as the Master Brand of Shree Cement Ltd., one of India’s cement producers, has forayed into the southern market with the launch of its first Ready-Mix Concrete (RMC) plant in Yelahanka, North Bengaluru. With a designed capacity of 101 cubic meters per hour, this state-of-the-art facility marks a pivotal milestone in the company’s pan-India expansion strategy. This expansion into Karnataka is a key part of the company’s broader ambition to strengthen its presence across India. With the addition of the Yelahanka facility, Bangur Concrete now operates 19 RMC plants nationwide.
Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than ₹20,000 crore. Looking to expand its residential real estate business, Bengaluru-based Prestige Estates Projects has been acquiring land parcels outright and also partnering with landowners. derabad, Chennai and Mumbai in the first quarter of this fiscal year.
Published on August 11, 2025
