News digest: Modi flags off metro train, auto firms' EV plans, and more

Prime Minister Narendra Modi made a strong pitch for the use of public transport to save fuel

Aditya Birla, Piramal-Bain, Shree make aggressive bids for Binani Cement

India’s top cement majors, including UltraTech Cement of the Aditya Birla Group and Shree Cement, and the stressed asset investment fund of Piramal Enterprises and Bain Capital Credit have made aggressive bids for Binani Cement, a 98.4 per cent subsidiary of BSE-listed Binani Industries. Lenders are expecting bids to come in higher than the cement company’s debt of Rs 3,682 crore, as against significant haircuts taken by banks in other Insolvency and Bankruptcy Code (IBC) cases. Read More

Use public transport, save fuel costs: Modi after inaugurating Magenta