February 7, 2026

India Needs More Banks but Must Focus on Rural Inclusion and Consolidation

Experts say India needs more banks but also must consolidate existing ones. Only 1,138 of 9,000 private bank branches serve rural areas. Financial inclusion and personal banking touch are key to reforms.

February 7, 2026

Expert Questions India's Debt and Tax Strategy Amid Rising Oil Prices and Borrowing

Economist TT Ram Mohan says cutting income tax rates lowers government revenue and urges a rethink on debt targets. Rising oil prices and heavy borrowing may push inflation and slow private investments in 2010-11.

February 7, 2026

Vedanta Eyes $8 Billion Deal for Cairn India Amid Stock Market Swings

Vedanta Resources plans to buy 51% of Cairn India for about $8 billion. Vedanta shares dropped on LSE and BSE, while Cairn Energy and Cairn India shares rose. The deal may be announced soon, pending government approval.

February 7, 2026

Vedanta Stock Rises 4.36% on Talks to Buy 51% Stake in Cairn India for $8-8.5 Billion

Vedanta’s stock jumped 4.36% on BSE after reports said it is in talks to buy a 51% stake in Cairn India for $8-8.5 billion. Analysts expect a stock rally on the deal news set for August 16 announcement.

February 7, 2026

SpiceJet Hits Rs 68.45; Bombay Dyeing Climbs 12% to 52-Week High

SpiceJet's stock surged to Rs 68.45, reaching a 52-week high before closing at Rs 66.05, up 8%. Bombay Dyeing also soared to its highest in a year, rising 12% to Rs 661.55. Godrej Properties added 3%, closing at Rs 776.40. The market watches closely for future moves amid strong momentum.