Adani Group, ArcelorMittal Group, and Sajjan Jindal's JSW Cement may be competing to acquire Vadraj Cement, an ABG Shipyard group company going through the Insolvency and Bankruptcy Code (IBC) process, according to a report by The Economic Times (ET).

The Bombay High Court ordered the winding up of Vadraj Cement in August 2018, leading to the decision to sell the company under the IBC process.

After cautioning banks and non-banking financial companies (NBFCs) on surging unsecured loans like personal loans and those on the credit card, the Reserve Bank of India (RBI) on Thursday increased the risk weighting for such loans from 100 per cent to 125 per cent.

The risk weighting for bank loans to higher-rated NBFCs too has been increased by 25 percentage points.

A fire broke out in a coach of a passenger train early Thursday, just hours after a blaze in an express train injured 19 in Uttar Pradesh's Etawah district.

"Some people have been taken to a hospital," Etawah Superintendent of Police (SP) Sanjai Kumar said and added that more details are awaited. Earlier it was reported that eight people had been injured.

Ahead of the Telangana assembly polls, the Income Tax officials on Thursday, conducted raids at the residence of Miryalaguda BRS MLA Nallamothu Bhaskar Rao in Telangana.

The raids are underway at Rao's office, residence and some close associates.

The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy.

Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness.

The Founder and CEO of Meta, Mark Zuckerberg, on Wednesday announced that WhatsApp Channels has now exceeded a monthly active user base of 500 million.

“500 million monthly activities on WhatsApp Channels in the first 7 weeks! Great to see the WA community so engaged,” said Mark Zuckerberg, while announcing the news on his WhatsApp Channel.

Tata Technologies has set the price band of its initial public offer at Rs 475-500 per share. At the upper end of the price band, the size of the Tata Motors' arm's IPO will stand at Rs 3,042.5 crore, while the company will be valued at Rs 20,283 crore.

The minimum lot size for an application is 30 shares.

The ICC Mens Cricket World Cup 2023 is gaining momentum. With Virat Kohli achieving his 50th One Day International century on Wednesday in the semi-finals against New Zealand, cricket fans in the country are in a frenzy.

As the pitch heats up for a grand finale, restaurants and eateries are capitalising on the World Cup frenzy.

Shares of Apollo Micro Systems (AMS) hit a new high of Rs 133.90, and were locked at the 10 per cent upper circuit on the BSE on Wednesday at 11:15 AM; on strong earnings and healthy business outlook.

In the past one month, the stock price of private aerospace & defence company has more-than-doubled or zoomed 104 per cent. In comparison, the S&P BSE Sensex was down nearly 1 per cent during the period.

The Burman family, which runs Dabur Group, has denied any involvement or role in an illegal cricket-betting app as alleged by the Mumbai police in a complaint filed last week.

The family said vested interests were behind the police complaint and they wanted to scuttle their (Dabur’s) move to acquire Religare Enterprises, a financial services company.

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