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),