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Sundaram Home Finance recorded a sixfold jump in the volume of FDs in June over May after the interest rate was hiked. The Chennai-based HFC witnessed gross receipts of Rs 6-7 crore in May this year. Then the gross receipts rose to over Rs 40 crore in the following month after the first rate revision. It further spiralled in the next month in the wake of the second revision. The company registered gross receipts of close to Rs 60 crore in July alone.

Both the S&P 500 futures and Nasdaq futures rose more than 0.3% on Wednesday. The S&P 500 rose more than 2% during the previous session while the Nasdaq Composite closed 20% above its recent closing low in June.

State Bank of India has dragged Simbhaoli Sugars to bankruptcy over a Rs 395 crore loan.

Airtel Africa added that the revolving credit facility has a tenor up to September 2024 and provides potential interest rate savings in exchange for achieving social impact milestones relating to digital inclusion and gender diversity, with a focus on rural areas and women, and aligning with the group’s sustainability strategy, launched in October 2021.

Ramachandran has around 35 years of experience serving across the globe in the domain of retail banking, risk management, operations, digital transformations, strategy, and corporate finance.

The company markets sugar under the Trust brand and has a pan-India distribution set up. It also exports its products to the Middle East, Southeast Asia and Africa.

The probe has unearthed instances of the accused firms approaching the exchanges to buy crypto coins for more than Rs 100 crore and crypto coins being sent to international wallets, the people told ET on condition of anonymity. The exchanges did not conduct any enhanced due diligence and even failed to raise suspicious transaction reports (STRs), they said.

Cargill is one of the largest U.S. beef processors and last month closed a deal to buy No. 3 chicken producer Sanderson Farms Inc with Continental Grain Co in a deal worth some $4.53 billion.

Net profit was at 690 crore as compared to loss of 772 crore a year ago. Gross premium income declined 23% to 11,022 crore. Total claims reduced 14% to 10,169 crore. Underwriting loss came down to 776 crore from 2,811 crore. Investment income rose 5% to 1,890 crore. Combined ratio improved to 110.97%.

Fed funds futures traders are now pricing in only a 43.5% chance that the U.S. central bank hikes rates by 75 basis points when it meets in September, compared with 68% before the data. A 50 basis point hike is seen as a 56.5% probability.