Union Bank net profit grows 6.6%

MUMBAI: Union Bank of India reported a net profit of Rs 5,316 crore for the quarter ended March 31, marking a 6.6% increase from Rs 4,985 crore in the corresponding quarter a year ago, supported by lower operating expenses and improved asset quality.For FY26, the net profit of Rs 18,697 crore was about 4% higher…

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JLR to recall over 1.7L vehicles in the US

Jaguar Land Rover is recalling 170,169 vehicles in the US due to loss of drive power, the US National Highway Traffic Safety Administration said on Thursday. The recall affects multiple models including Range Rover, Discovery, Range Rover Sport, Defender, etc., NHTSA said. A failure of the DC-DC converter will stop the vehicle’s 12-Volt system from…

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Oil Prices: Oil prices today: Crude climbs as US-Iran talks uncertainty keeps markets on edge; Brent tops $106

Global oil prices rose on Friday amid renewed fears of escalation in the Middle East after Iran released footage showing commandos boarding a cargo ship in the Strait of Hormuz and reports of heightened military activity in Tehran.Brent crude futures rose $1.23, or 1.17%, to $106.3 per barrel by early trading, while West Texas Intermediate…

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Government assesses potential risks from AI models

NEW DELHI: Government has started to assess potential risks from advanced artificial intelligence (AI) models, such as Anthropic’s Mythos, with finance minister Nirmala Sitharaman and IT minister Ashwini Vaishnaw chairing a high-level meeting on Thursday with banks and regulators to review emerging threats from AI models.The meeting was attended by senior officials from the Reserve…

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