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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.

Glenmark is ranked 14th with a market share of 2.17% Sales from North America fell 10.2% YoY to Rs 663 crore. Europe sales saw 8% YoY to Rs 330 crore, and the rest of the world rose 26% to Rs 423 crore.

After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said.

Meanwhile, CP rates have increased by up to 50 basis points since the second-third weeks of July, amid a higher supply of papers coupled with expectations of more rate hikes by the central bank.