Business News

Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why

FinSiddhi

Indian power sector stocks plunged Friday as reports emerged of a two-year exemption granted to four Chinese electrical equipment firms for government tenders. This move, aimed at easing project delays, allows companies like TBEA Energy and Nanjing Electric India to participate, despite earlier restrictions following the 2020 border clash. The exemption, however, is not to…

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…

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.