Category: Business News & Economy

Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.

Business News

Union Bank of India shares drop 5% post Q1 business update, global business decline marginally on quarterly basis

FinSiddhi

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.

Business News

Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?

FinSiddhi

Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies, and improving leverage, making it…