Indian Companies Announce Major Moves

This week, several Indian companies made big announcements.

Kajaria Ceramics found a ₹20 crore fraud by their CFO and reported it to the police.

Krishna Institute of Medical Sciences is building a new hospital in Chennai for ₹300 crore.

UltraTech Cement got a big GST bill of ₹782.2 crore, which they plan to fight.

Shree Cement is investing ₹2,000 crore in a new plant in Maharashtra.

Ather Energy is starting an insurance company for their electric scooters.

Deccan Gold Mines began testing their gold mine in Kyrgyzstan.

Swiggy opened a small physical store in Gurugram.

Suraj Estate Developers bought land in Bandra for new buildings.

GE Vernova got a big contract for renewable energy.

Kranti Industries and Vishnu Prakash R Punglia got new business deals.

Archean Chemical Industries took a loan for a big project.

IIFL Finance got a new leader.

Granules India had an inspection by US health officials.

Fortis Healthcare bought a hospital in Bengaluru.

RITES Ltd will help Botswana improve their transport.

Tata group companies also made big moves, like Tata Steel investing ₹1,354.94 crore and Tata Chemicals buying a company for ₹260 crore.

Indian Hotels Company is selling part of their hotel business.

Tata Power started a new lab for clean energy.

It's been a busy week for Indian businesses!