Bombay high court fast-tracks Dombivli doctors’ assault trial, grants bail to Shiv Sena corporator Mhatre and others

Union Bank of India’s stock dipped 5% following its June 2026 quarter business update. While global business saw a modest yearly growth of 7.46%, it experienced a slight quarterly decline. Gross advances grew robustly year-over-year by 12.50%, though deposit growth was slower. The bank also announced senior management changes, contributing to market reaction.

An Indian-flagged cargo vessel was struck by a projectile in Yemeni waters. The ship caught fire and sank off Yemen’s western coast near Hodeidah. All fourteen crew members, including thirteen Indians, were rescued by the Yemeni Coast Guard. The National Resistance Forces blamed Houthi rebels for the unprovoked attack. India’s Ministry of External Affairs condemned…

Rising crude oil prices, a weaker rupee and West Asia tensions pressured domestic equities, raising inflation and earnings concerns. Analysts recommend Azad Engineering, MosChip Technologies, Adani Green Energy and Adani Power, citing bullish technical setups and positive momentum for Wednesday.