UltraTech Cement

The cement major has raised $500 million through a sustainability-linked loan with participation from six banks.

PI Industries

The Board of Directors has appointed Sanjay Agarwal as Group Chief Financial Officer of the company, effective August 26, following the retirement of Manikantan Viswanathan (Chief Financial Officer) from the company.

HCL Technologies

The global technology company has announced an extension of its strategic AI-driven engineering services and digital process operations (DPO) partnership with Xerox. HCLTech will support the newly formed Xerox Global Business Services organization (GBS) in driving key business metrics.

Lemon Tree Hotels

The hotel chain has signed a new property, Lemon Tree Hotel, Civil Lines, Ayodhya. The 80-room hotel property is expected to open in FY28 and will be managed by its subsidiary, Carnation Hotels.

Mazagon Dock Shipbuilders

Sanjeev Singhal, Director (Finance), has been entrusted with the additional charge of Chairman & Managing Director (CMD) of the company for five months, effective August 1. Sanjeev currently serves as the Director (Finance) of the company.

Gland Pharma

Qiyu Chen has not received security clearance from the Ministry of Home Affairs, Government of India. Consequently, he will cease to continue as a Director of the company, effective August 30.

UCAL

The automotive component manufacturer has signed a Memorandum of Understanding (MoU) with Blaer Motors. Both companies will leverage their combined expertise and resources towards the design and development of electronic components, including motor controllers ranging from 500 watts to 2 kilowatts.

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