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Godrej Properties subsidiary ₹5 lakh for not following environmental safety rules during construction in New Delhi, PTI reported.In a statement on Saturday, Godrej Properties said that its subsidiary, Godrej Vestamark LLP, was served this penalty on October 16 under the Delhi Municipal Corporation Act 1957.The violation by the subsidiary pertains to not complying with the National Green Tribunal's (NGT) order from April 10, 2015, and the Ministry of Environment and Forests Guidelines from 2010 regarding safety measures during their New Delhi project's construction. (Read More)In the second quarter of fiscal year 2023-24, ICICI Bank demonstrated substantial growth, with its standalone net profit climbing by 35.8% year-on-year (YoY) to reach ₹10,261 crore.

This notable increase is in comparison to the ₹7,557.84 crore recorded in the corresponding period of the previous year.Furthermore, the bank's net interest income (NII) witnessed a significant YoY upsurge of 23.8%, reaching ₹18,308 crore during the July-September quarter, as compared to ₹14,787 crore in the same period the previous year. Notably, ICICI Bank's net interest margin for Q2FY24 was reported at 4.53%.

(Read More)Digital payments firm Paytm experienced robust growth in the second quarter of fiscal year 2023-24 (Q2FY24), as evidenced by its consolidated revenue from operations, which reached ₹2,519 crore. This figure marks a substantial 32% increase from the ₹1,914 crore reported in the same period the previous year.Despite this growth, the company still recorded a consolidated net loss of ₹292 crore during the quarter, representing a significant 49% reduction from the ₹572 crore loss reported in the corresponding period of FY23.