Lemon Tree Hotels inks new property in Barog, Himachal Pradesh

Lemon Tree Hotels inks new property in Barog, Himachal Pradesh


Lemon Tree Hotels has announced the signing of a new hotel in Barog, marking its 10th property in the state of Himachal Pradesh and further strengthening its presence in the region’s growing leisure travel market.

With four hotels already operational in the state and six additional properties under development, including the newly signed project, the company continues to expand its footprint in one of Indias most dynamic travel destinations.

The upcoming property will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels.

The proposed Lemon Tree Hotel, Barog will feature 49 well-appointed rooms along with a restaurant, banquet hall, meeting room, spa, swimming pool and fitness center. The hotel is expected to cater to leisure travellers, destination events and small corporate offsite gatherings.

 

The property will also offer convenient connectivity, located approximately 64 km from Shaheed Bhagat Singh International Airport, about 53 km from Chandigarh Railway Station and nearly 32 km from Kalka Railway Station.

Neelendra Singh, Managing Director, Lemon Tree Hotels Limited, said, Himachal Pradesh continues to be a strong leisure market with growing demand for branded hospitality in scenic destinations. Barogs proximity to Chandigarh and its appeal as a peaceful hill retreat makes it an attractive addition to our portfolio. This signing aligns with our strategy of expanding thoughtfully into emerging leisure micro-markets while delivering comfortable and quality experiences.

Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels.

The company reported a 2.5% rise in consolidated net profit to Rs 81.83 crore, while revenue from operations increased 14.3% to Rs 406.05 crore in Q3 FY26 over Q3 FY25.

The scrip rose 1.03% to Rs 112.40 on the BSE.

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Lemon Tree Hotels inks new property in Barog, Himachal Pradesh

Sammaan Capital allots NCDs aggregating Rs 280 cr


On private placement basis

Sammaan Capital has on 05 March 2026 allotted (i) 12,500 secured, rated, listed, redeemable, non-convertible debenture of the face value of Rs 1,00,000 each aggregating to Rs 125 crore (reissuance) and (ii) 15,500 secured, rated, listed, redeemable, non-convertible debenture of the face value of Rs 1,00,000 each aggregating to Rs 155 crore (fresh issue), on a private placement basis.

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First Published: Mar 05 2026 | 6:16 PM IST



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Lemon Tree Hotels inks new property in Barog, Himachal Pradesh

Tata Elxsi launches an automotive multi-agentic solution – DevStudio.ai


Tata Elxsi announced the launch of 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.

While several generative AI tools are emerging to support software development, most are designed for broad-based application development. DevStudio.ai is purpose-built for the automotive SDLC, combining Tata Elxsi’s deep domain expertise with generative AI to address the complexity, safety, and compliance requirements of automotive software engineering.

 

The platform supports all key stages of the ASPICE V-cycle, including system and software requirements, architecture, implementation, testing, and qualification, while maintaining end-to end traceability across the engineering lifecycle. It also integrates seamlessly with widely used OEM and Tier-1 engineering toolchains, enabling teams to embed DevStudio.ai co-engineers directly into existing development environments.

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Lemon Tree Hotels inks new property in Barog, Himachal Pradesh

Sedemac Mechatronics IPO subscribed 46%


The offer received bids for 26 lakh shares as against 56.2 lakh shares on offer.

Sedemac Mechatronics received bids for 26,05,218 shares as against 56,32,899 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (05 March 2026). The issue was subscribed 0.46 times.

The issue opened for bidding on 04 March 2026 and it will close on 06 March 2026. The price band of the IPO is fixed between Rs 1,287 and 1,352 per share. An investor can bid for a minimum of 11 equity shares and in multiples thereof.

The issue comprises only the offer for sale of 8043300 equity shares [of which the promoters is 112500 equity shares and the balance by investor selling shareholders]. The object of the issue is providing an exit option for ISS by listing equity shares on the exchange.

 

Sedemac Mechatronics, promoted by Prof. Shashikanth Suryanarayanan and team, designs and supplies critical ECUs and motors for vehicles and industrial equipment in India, the US, and Europe. Its key products include ISG ECUs, EFI ECUs, integrated ISG+EFI ECUs, MCUs for EVs, and genset controllers. The company holds approximately 35% of the domestic 2/3W ISG ECU market share, approximately 75% of the share in Indian genset controllers, and approximately 14% of the global share in genset controls. A pioneer in innovation, it introduced SmartIgn, eGov controllers, and SLC-based ISG ECUs, working closely with Tier-I OEMs to integrate proprietary solutions across product lifecycles.

Ahead of the IPO of Sedemac Mechatronics on 2 March 2026, the company raised Rs 325.88 crore from anchor investors by allotting 24.10 lakh shares at Rs 1,352 each to 23 anchor investors.

For the nine months ended 31 December 2025, the firm recorded a consolidated net profit of Rs 71.50 crore and sales of Rs 770.67 crore.

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Lemon Tree Hotels inks new property in Barog, Himachal Pradesh

Quick Wrap: Nifty Metal Index gains 2.29%, NIFTY jumps 1.17%


Nifty Metal index closed up 2.29% at 12049.2 today. The index has gained 1.00% over last one month. Among the constituents, National Aluminium Company Ltd added 6.01%, Hindalco Industries Ltd rose 3.60% and Lloyds Metals & Energy Ltd gained 3.41%. The Nifty Metal index has soared 39.00% over last one year compared to the 10.87% increase in benchmark Nifty 50 index. In other indices, Nifty PSE index gained 2.22% and Nifty Infrastructure index added 2.21% on the day. In broad markets, the Nifty 50 recorded a gain of 1.17% to close at 24765.9 while the SENSEX recorded a gain of 1.14% to close at 80015.9 today.

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First Published: Mar 05 2026 | 5:31 PM IST



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Lemon Tree Hotels inks new property in Barog, Himachal Pradesh

Dollar index holds near 99 mark as fears of a prolonged war boosts the safe-haven asset


The dollar index is holding a tad lower than 99 mark on Thursday, as uncertainty and persistent geopolitical risks in the Middle East keeps the safe haven currency supported. Fears of a prolonged war are driving traders toward safe-haven currency such as the US Dollar in the near term. Meanwhile, economic activity in the US service sector gathered momentum in February, with the SM Services PMI rising to 56.1 from 53.8 in January. This figure came in stronger than the market expectations of 53.5. The DXY that measures the greenback aganst a basket of currencies is quoting at 98.91, up 0.158% on the day.

 

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Mar 05 2026 | 4:16 PM IST



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