Shares of SBI Cards and Payment Services (SBI Card) rose 5 per cent to hit a new high of Rs 957.45 on the BSE on Wednesday on the back of heavy volumes. The stock surpassed its previous high of Rs 918.60, scaled on October 15, 2020.

The trading volumes on the counter jumped 1.5 times. A combined 1.95 million equity shares had changed hands on the NSE and BSE, till 10:34 am. Currently, the scrip was trading 4 per cent higher at Rs 948 on the BSE as against a 0.08 per cent decline in the S&P BSE Sensex.

TOKYO (Reuters) - Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S. crude stockpiles were down last week.

Brent crude rose as much as nearly 1% to $54.09 a barrel, the highest since Feb. 26, 2020. It was at $53.87 a barrel at 0536 GMT after jumping 4.9% on Tuesday.

Financial Technology firm BharatPe on Wednesday said it plans to raise over Rs 5,000 crore in debt funding in next 2 years to build its lending business.

The company further announced that it has received Rs 60 crore from Innoven Capital, a venture debt and specialty lending firm.

India’s biggest lender to the power sector plans to sell bonds to individual investors as it tries to attract savers dissatisfied with deposit rates at a 16-year low.

Power Finance Corp. has filed a draft prospectus for a 100-billion-rupee offering ($1.4 billion), and plans to raise the entire sum this quarter, according to Parminder Chopra, director (finance).

Honda Motorcycle and Scooters India (HMSI) introduced a voluntary retirement scheme on Tuesday as it seeks to “realign its production strategy” and improve overall efficiency in these “uncertain times,” the company said in an internal circular to its employees. Employees above the age of 40 or who have completed 10 years in the company are eligible for the scheme.

The development at HMSI, India’s second largest two-wheeler manufacturer, comes a fortnight after Honda’s car manufacturing arm, Honda Cars India announced re-aligning its production.

In a big shocker, a top Indian Space Research Organization (ISRO) has claimed that he was poisoned in 2017 during an interview in Bengaluru.

Through a Facebook post, Tapan Misra said that an attempt was made to poison him with arsenic trioxide on May 23, 2017, when he was sitting in a promotional interview at ISRO headquarters. Along with this, he has appealed to the security agencies to investigate and said that find out who gave poison and why.

A brutal and horrific case of alleged gang rape, reminiscent of the Nirbhaya gang-rape case in Delhi, was reported from Uttar Pradesh's Badaun district where a middle-aged woman was assaulted, gang-raped and then killed.

A 50-year-old Anganwadi worker was allegedly raped and murdered in the Ughaiti area of Uttar Pradesh's Badaun district, police said on Tuesday. A case has been registered against three people in the matter, out of which two have been arrested.

BCCI President Sourav Ganguly will be released from Woodlands hospital in Kolkata on Thursday. According to a medical bulletin from the hospital, it said that Sourav Ganguly wants to stay back in the hospital for one more day. In a previous medical bulletin from Woodlands hospital, the doctor were keeping constant vigil on his health situation and appropriate measures are being taken from time to time.The bulletin said that Ganguly’s Echocardiography (using sound waves to produce live images of the heart) done on Monday shows preserved left ventricular function with an ejection fraction of 56 per cent.The medical board will meet on Tuesday (today) and discuss regarding his present health condition. He is currently under the care of Dr Saroj Mandal, Dr Soutik Panda, Dr Saptarshi Basu.

After a US Congress report, the US Ambassador to India Kenneth Juster has commented on the defence relations of India-Russia. In a way, he has warned India that relations with Russia can affect its relations with the US. However, Juster has also made it clear that the US does not act against sanctions against friends.

Earlier, the report of Congressional Research Service (CRS), the independent research arm of the US Congress, said that the US could impose sanctions against India for purchasing the S-400 air defence system from Russia.

With over 2,400 birds dead so far in Himachal Pradesh, the state has been put on high alert for avian influenza and officials are monitoring the situation according to state forest minister Rakesh Pathania.

As many as 2,403 birds have died so far. We expect that this number will grow. We are on high alert and monitoring the situation very carefully, Pathania told ANI.

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