GopartReports

The festive season has brought good news from the banking sector. Three banks, two of them headquartered in Tamil Nadu, reported their results for the quarter ended 30 September 2026 on Monday, and each one grew its net profit by more than 40% from a year ago. Chennai-based Indian Overseas Bank (IOB), Pune-based Bank of Maharashtra and Thoothukudi-based Tamilnad Mercantile Bank (TMB) all reported strong growth along with some of their cleanest loan books in years. Indian Overseas Bank: the biggest profit jump IOB led the pack on profit growth. Its net profit rose 55.95% to ₹1,912 crore for the July–September quarter, compared with ₹1,226 crore a year ago. Operating profit grew 25.67% to ₹3,016 crore, and net interest income, the difference between what the bank earns on loans and pays on deposits, rose 26.41% to ₹3,867 crore. The Chennai lender also became more efficient. Its cost-to-income ratio improved by nearly five percentage points to 40.78%. Total business grew 22.05...

Chennai has added another global name to its fast-growing list of corporate tech hubs. Walgreens, the US pharmacy and healthcare giant, has officially opened Walgreens India, its first Global Capability Centre (GCC) in the country, in Chennai. The launch was marked this week with an inauguration attended by Walgreens' Chief Information Officer, Abhi Dhar. In a LinkedIn post announcing the opening, Walgreens India called it "an exciting milestone for Walgreens" and said the centre will play an important role in strengthening the capabilities that support its customers and patients. For a company best known in the US for its pharmacy stores, the move shows how much of modern healthcare retail now runs on technology, from digital prescriptions and online orders to data, supply chains and customer service. The opening comes about a month after Walgreens signed an MoU with the Tamil Nadu government in September to set up the centre. According to reports at the time...

For many Indian families, the electric car decision usually ends at the price tag. EVs promise lower running costs, but the upfront price is often much higher than a comparable petrol or diesel car. The main reason is hidden under the floor: the battery. HDFC Bank is now trying to tackle that problem with a loan that treats the battery and the rest of the car differently. The bank announced on Sunday the launch of its "Flexi Electric Car Loan," which funds an EV's body and battery in different proportions and lets buyers repay the battery portion over a longer period. HDFC Bank calls it a first-of-its-kind product and says the structure allows customers to customise their monthly EMI. The logic is simple. Since the battery is the costliest part of an electric car, it's what makes EVs pricier to buy than petrol or diesel vehicles. By spreading the battery's cost over a longer time, the monthly burden becomes lighter. The bank says the EMI on the battery...

If you regularly fly from Mumbai to the Gulf, it's time to look closely at your next ticket. Air India Group has announced that it will begin shifting some of its flights from Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) to the new Navi Mumbai International Airport (NMIA) in phases, starting this December. The move, announced jointly with Adani Airports on 25 October, marks a major step in Mumbai's shift to a two-airport city. The transition will begin small. From December 2026, Air India Express will operate four daily domestic flights from Navi Mumbai. In January 2027, it plans to add flights to Kuwait and move its existing Oman services to the new airport, though the Kuwait route still needs the required approvals. The bigger change will follow over the coming months. Air India Express will gradually move its services to Jeddah, Riyadh, Dammam, Doha, Muscat and Sharjah to Navi Mumbai, with the full shift expected to be completed by the I...

Every time you transfer money through UPI, log into net banking or swipe your card, your data is protected by encryption, a digital lock that today's computers would take thousands of years to break. But a new kind of machine is on the horizon. Quantum computers, still in development worldwide, could one day crack many of these locks in a fraction of the time. Banks know this, and some are starting to prepare now. Bank of India is the latest to take a concrete step. On 22 October 2026, the Centre for Development of Advanced Computing (C-DAC), which functions under the Ministry of Electronics and Information Technology (MeitY), signed a Memorandum of Understanding with Bank of India to work together on quantum technologies and other emerging tools for banking. The agreement was formally exchanged by Aditya Kumar Sinha, Executive Director of C-DAC Mumbai, and Satyendra Singh, CGM IT and CIO of Bank of India, in the presence of MeitY Secretary S. Krishnan and senior offici...

In the digital age, a single tap can spark a storm of speculation. This week, social media feeds lit up with rumours about Vijay Deverakonda and Rashmika Mandanna after users noticed that Vijay's Instagram account follows zero people, including Rashmika. Within hours, posts claiming he had "unfollowed" his wife were racking up views, and the online chatter quickly assumed the worst. But before reading a relationship through an app, it's worth looking at what's actually known. (Rashmika Mandanna and Vijay Deverakonda, Phtoto Credit - Jio Hotstar) What the following list really shows According to Newstrack, Vijay hasn't followed anyone on Instagram for years, and the publication described the unfollow story as a rumour. In other words, a zero-following count is how his account has looked for a long time, not a sudden move aimed at one person. The timing explains why the rumour spread so fast. The couple recently appeared on Koffee with Karan Season 9...