Top headlines: Ultratech's Ambuja bid, Delhivery may hit a valuation hurdle

Here are the top Business Standard headlines on Thursday

Ultratech joins race for Ambuja Cements and ACC, submits non-binding bid

India's largest cement firm, Ultratech Cement, has joined the race to acquire the Holcim stake in Ambuja Cements and its subsidiary, ACC. UltraTech — part of the Aditya Birla Group — submitted a non-binding bid on Wednesday.

Swiss multinational Holcim, which manufactures building material, is exiting India by selling its 63.19% stake in Ambuja Cements. Read more here

RBI may 'kill excess demand' in economy in six-eight months

With inflation remaining at elevated levels, central banks around the world, including the Reserve Bank of India (RBI), will kill excess demand in economy over the next six to eight months, sources in the know said.

They also indicated that there could be a rate hike in June, when the inflation forecast for the current financial year would be raised. Read more here

Will invest $20 bn; plan to grow revenue to $80 bn: Vedanta's Anil Agarwal

The $30-billion Vedanta group is set for an aggressive growth plan even as it enters newer areas such as semiconductor fabs. Chairman Anil Agarwal speaks to Surajeet Das Gupta on the group’s ambitious plans and more. Read the interview here

Push to Gatishakti: Centre firms up screening of public-funded projects

Government departments and ministries will have to screen all public-funded projects with a budgetary outlay of more than Rs 500 crore to ensure such projects have components of logistics and infrastructure connectivity, before it receives the nod from the Union Cabinet.

The finance ministry, in a recent directive seen by Business Standard, stated that all public-funded projects will have to be examined by an inter-ministerial body — Network Planning Group under PM GatiShakti. Read more here

Delhivery may hit a valuation hurdle amid near term concerns: Brokerages

Logistics services provider Delhivery is raising Rs 5,235 crore in an initial public offer (IPO) to fund its organic and inorganic growth initiatives.

The company, which is the largest integrated logistics player by revenue, is eyeing steady growth in the Indian logistics sector, as well as market-share gains in the organised space. Read more here