According to reports, the Competition Commission of India (CCI) has demanded 9 years of financial records from UltraTech, Dalmia Bharat, and others in a probe related to cartel activities. The investigation also flagged alleged cartelization in an ONGC tender.
Key highlights:
• CCI seeks extensive financial data for cartel scrutiny.
• UltraTech, Dalmia Bharat among companies under CCI’s radar.
• ONGC tender process faces allegations of cartelization.
The development underscores the regulatory focus on ensuring fair competition and transparency in the Indian business landscape.
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