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Billionaire Elon Musk recently announced an ambitious plan for the creation of a special train dubbed Hyperloop, which would consume just half and hour to carry passengers from Los Angeles to San Francisco and vice versa.

But, a number of people and experts have started raising questions on the feasibility of such a futuristic transportation project.

Overruling the Department of Industrial Policy & Promotion's (DIPP's) opposition on allowing foreign direct investment (FDI) in brownfield pharma units, Prime Minister Manmohan Singh on Friday paved the way for Mylan's proposal to acquire Strides Arcolab's injectables subsidiary.

New Delhi, Aug 17 : Prime Minister Manmohan Singh Saturday said there is a need for fresh thinking on economic policy-making and the Reserve Bank of India (RBI) should revisit its monetary policy keeping in mind the fiscal constraints facing the globalised economy.

"I would venture to think that the time has come when we should revisit some of those areas - the possibilities and limitations of monetary policy in a globalised economy, in a fiscally constrained economy," the prime minister said.

Tehran, Aug 17 : Iranian ambassador to Ukraine Akbar Qasemi Aliabadi said Iran has large gas reserves and is ready to supply natural gas to Ukraine, Tehran Times reported Saturday.

"Both Ukraine and Moldova need natural gas, and Iran has huge gas reserves and is ready to consider future supplies of fuel to the two countries," reported Xinhua quoting Qasemi Aliabadi as saying.

At present, Ukraine secures a major portion of its required gas through imports from Russia.

New details about Sony's eagerly anticipated DSC-QX100 and DSC-QX10 lenses have appeared online.

Citing a leaked manual, a commenter dubbed PhoneArenaUser on PhoneArena claimed that the yet-to-be-unveiled Sony DSC-QX100 and DSC-QX10 lenses would come equipped with a power button, a microphone as well as display panel.

The display panel will purportedly be capable of showing the remaining battery power as well as whether or not the card is inserted.

In a bid to attract more fixed deposits, private-sector lender ICICI Bank on Friday increased interest rates on such deposits by 0.25 to 0.75 percentage points.

The bank increased interest rate on fixed deposits of 46 to 60 days tenure by 0.75 percentage points to 7 per cent, while fixed deposits of tenure of 61 to 289 days got increased by 0.75 percentage points to 7.75 per cent.