Lemon Tree Hotels has signed a new hotel in Barog, Himachal Pradesh, marking its 10th property in the State. With four operational hotels already in Himachal Pradesh and six additional properties under development, including this signing, the company continues to strengthen its footprint in one of India’s most dynamic travel markets. The hotel will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. 

Jio Financial Services has subscribed to and has been allotted 14,74,50,000 equity shares of Rs 10 each of Allianz Jio Reinsurance (AJRL), joint venture, for cash at par, aggregating Rs 147.45 crore. AJRL will utilise the amount to fund its business operations. The aggregate investment by the company in AJRL till date is Rs 150 crore.

SAMHI Hotels’ board has approved the acquisition of majority stake of 70% in RARE India (RARE), one of India’s earliest and largest platform of heritage hotels, retreats and experiential stays. SAMHI expects to enter into definitive agreements by May 2026, marking SAMHI’s entry into the experiential leisure segment through an asset-light platform investment. In parallel, SAMHI and RARE have entered into a Memorandum of Understanding for an affiliation with Marriott International to leverage Marriott’s global distribution strength and loyalty ecosystem. 

BMW Industries has entered into a Strategic Partnership for the supply of Piped Natural Gas (PNG) with Indian Oil Corporation (IOCL). The agreement was signed at the Eastern Region Pipelines (ERPL) Headquarters, Kolkata, marking a strategic partnership aimed at enabling cleaner and more efficient energy usage at BMW Industries’ forthcoming manufacturing facility in Bokaro.

Tata Elxsi has launched 'DevStudio.ai', an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies. DevStudio.ai is an ASPICE-aligned solution powered by multi-agentic architectures, enabling collaboration between automotive engineers and AI across engineering workflows. A key architectural highlight is its ability to operate on both cloud-based infrastructure and air-gapped on-premise environments, delivering deployment flexibility and choice aligned with enterprise infrastructure and AI policies. 

NACDAC Infrastructure has received a Letter of Acceptance (LoA) worth Rs 15.15 crore from Northern Railway-Ferozpur Division (Punjab, India) for the execution of railway infrastructure works. This project is aimed at enhancing the homing capacity of Electric Locomotives at the Electric Loco Shed (ELS), Ludhiana, which will contribute to improved operational efficiency and capacity expansion within the Northern Railway network. 

Belding India’s wholly owned subsidiary -- DC&T Global (DC&T) has completed the acquisition of 55% shareholding of Metafin Technology (Metafin) on March 5, 2026, by way of subscription to fresh equity shares in Metafin. The acquisition aims to expand company’s footprint in the Engineering, Industrial Equipment & Automation industry.