NEW DELHI: The Board of ONGC is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.

Justice A P Shah Committee on the issue of gas migrating from idling ONGC blocks to RIL producing gas fields, last month opined that the compensation for "unjust enrichment" by the Mukesh Ambani-run firm should go to the government and not the state-owned firm.

The share buyback programme worth Rs 3,650 crore of Coal India would open next week on October 3.

The state-owned company informed about the "Letter of Offer" in a BSE filing. SBI Capital Markets is the manager to the buyback offer that closes on October 18.

Markets have rebounded in trades today and are trading marginally positive supported by buying among blue chips mostly the Tata group shares.

By 9:40 am, the S&P BSE Sensex was 77 points higher at 28,371 and the Nifty50 rose 26 points to trade at 8,749. Among broader markets, BSE Midcap and Smallcap indices are up over 0.5% each.

India-born Microsoft CEO Satya Nadella today said his company is not pursuing Artificial Intelligence (AI) to beat humans at games but to empower people and organisations "to solve the most pressing problems" of society and economy to make the world a better place.

As the keynote speaker at the opening day of 'Microsoft's Ignite' conference, he addressed a packed crowd of over 23,000 attendees, primarily IT professionals.

Private lender Yes Bank today said it will raise about Rs 330 crore ($50 million) by issuing a

7-year term green infrastructure bond to FMO, the Dutch Development Bank, on a private placement basis.

Hyundai Motor's South Korean labour union staged its first full nationwide strike in 12 years on Monday over stalled wage talks, putting the automaker's earnings and sales targets at risk.

The full-day walkout came after a series of partial stoppages since July at the automaker's factories across South Korea, its biggest manufacturing base which produces nearly 40 per cent of its vehicles sold globally last year.

Telecom operator Vodafone India had increased its 3G network in Chhattisgarh and Madhya Pradesh.

We have expanded the 3G network in 1,593 new places in both the states, the company said in a statement.

India has decided to suspend Indus water commission talks until Pakistan-sponsored terror in India ends, according to sources.

The decision was taken at a meeting chaired by Prime Minister Narendra Modi on Monday to review the Indus Water Treaty (IWT) with Pakistan amidst heightened tension between the two countries.

Prominent historian Ramachandra Guha, a well-known critic of the RSS and BJP, shocked a few people when he suggested Congress scion Rahul Gandhi ought to take a permanent hiatus from Indian politics. Guha also suggested that BJP would be the most powerful party in India for the next 20 years.

He compared the electoral strength of the BJP to the Congress of the 60s and 70s when Indian politics was dominated by one party. He told Economics Times: Rahul Gandhi is an object of ridicule and contempt by people who would otherwise be attracted to a liberal Congress point of view… Rahul Gandhi should retire from politics, get married and start a family. That will be good for him. That will be good for India also.

Benchmark indices ended over 1% lower, amid weak global cues, with rate-sensitive sectors especially financials leading the decline. Investors' focus across the globe has shifted to American politics ahead of the first US presidential debate.

Besides, domestic markets will remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2016 series to October 2016 series. The near month September 2016 derivatives contracts expire on Thursday, 29 September 2016.

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