After setting the power distribution segment on a reform road, the Union government is planning to rescue the languishing hydro power sector, with a three-pronged approach.

The first move would be to increase the ambit of small hydro projects to 100 Mw from current 25 Mw. This would help achieve the renewable energy (RE) targets of states and also bring a large number of projects under the net of government subsidy and other tax benefits.

India is willing to invest as much as $20 billion in setting up new petrochemicals, fertiliser and liquefied natural gas (LNG) facilities in Iran but requires land and cheaper natural gas for this, Petroleum Minister Dharmendra Pradhan has said.

The minister, who is currently in Iran along with key officials of his ministry and a delegation of industry representatives, discussed with his counterpart many outstanding issues related to the petroleum sector.

Mumbai: The capital markets regulator has rejected a mutual fund industry proposal to allow them to isolate risky assets from the rest of their holdings and cap redemption, saying that it will encourage fund managers to take unnecessary risks, three people directly familiar with the developments said.

The Association of Mutual Funds of India (Amfi) in March approached the Securities and Exchange Board of India (Sebi) to set rules for the creation of a so-called side pocket when a specific investment faces a credit risk as a way to insulate the broader portfolio from redemption pressure.

Oil prices rose on Monday, extending sharp rises from the end of last week following a decline in U.S. inventories and drilling, while outages and hopes that exporters could freeze output boosted international prices.

Analysts also said that global oil demand could accelerate, helping to tighten a market that has suffered from ballooning oversupply since mid-2014, although weak Asian economic data weighed on markets.

With the divestment news cropping up once again, Coal India touched its 52 week lows of Rs 274.65 on 6th April and now trades at Rs 280.50 levels. However, looking at the good fundamentals and strong dividend yield, any weakness in the price is always a good opportunity for investors to accumulate the stock.

The company is seeing strong ramp-up in volumes. While for the month of March, volumes may have been soft (production and dispatches growth of 3.4 and 3.5 per cent respectively) full year growth was strong. For FY16, the company’s production and dispatches at 536.5 million tonne (MT) and 532.3 MT have registered a growth of 8.6 per cent and 8.8 per, respectively cent over FY15.

The arbitration case involving Reliance Industries (RIL)-BP Plc against the government may see an end, as the companies are said to be considering dropping the case, Mint reported on Monday.

Both the companies are in talks with the government to drop the arbitration, the report added, citing an official from the oil ministry. In fact, they had met oil minister Dharmendra Pradhan in the first week of April, the newspaper reported.

The India story today got some unqualified support from ICICI Bank MD and CEO Chanda Kochhar, who said it remains “a very, very bright spot” because of its young demography and has leapfrogged technology like none other.

The India story today got some unqualified support from ICICI Bank MD and CEO Chanda Kochhar, who said it remains “a very, very bright spot” because of its young demography and has leapfrogged technology like none other.

NEW DELHI: Delhi chief minister Arvind Kejriwal on Saturday announced guidelines for the second leg of the 'odd-even' traffic scheme in Delhi, saying women drivers and vehicles carrying students in uniform will be exempted from the restrictions.

"Women drivers, CNG-operated vehicles, chief ministers of states and vehicles carrying students in uniform will remain exempted from the restrictions of the second phase of odd-even traffic scheme," Kejriwal told reporters.

Seoul, Apr 9 (Reuters): North Korean leader Kim Jong Un supervised a successful test of a new engine for an intercontinental ballistic missile, state media said on Saturday, in their latest report of advances in an arms programme that has attracted UN sanctions.

South Korea and the United States have shown skepticism over the North's statements about rapid progress in its nuclear and missile programmes ahead of a ruling party congress in May, where analysts expect it to declare itself a major nuclear weapons state.

Washington: Global warming is shifting the way the Earth wobbles on its polar axis, a new Nasa study finds.

Melting ice sheets, especially in Greenland, are changing the distribution of weight on Earth. And that has caused both the North Pole and the wobble, which is called polar motion, to change course, according to a study published Friday in the journal Science Advances.

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