Bad debt worries RBI

<p> Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, July 29, 2024. My name is Nelson John. Let's get started:</p><p>Some massive consolidation happened in the cements segment yesterday: UltraTech Cement is buying a 32.72% stake for nearly 4,000 crore rupees, and making an offer for 26% more, taking the deal to nearly 9,000 crore rupees. Anirudh Laskar reports that if things go as planned, UltraTech will own over 81% of India Cements. Meanwhile, Adani-owned Ambuja Cement is also increasing its production capacity to compete. </p><p>The Reserve Ba...