within a year, with support from india's prime minister narendra modi, the company created the world's first canal top solar park. it stretches for some 3.6 kilometers over a canal that passes through the city of vadodara. rathore: the state is located in a place where we get 300 days of suitable sunlight. narrator: s.s. rathore is the chairman and managing director of sardar sarovar narmaga nigam, ltd. rathore: the wind position is also such which is favorable to solar production. narrator: rathore says it's the perfect mix to harness the sun's rays to generate power, boosting the state's electrical output and at the same time reducing its dependency on fossil fuels, which contribute to global warming. this has enormous implications in india, with its population at 1.3 billion and its hugely increasing energy needs. building a solar park without using up valuable land took creativity, says director of canals k.v. sangui. k.v. sangui: the advantage over here is that we don't have to acquire the land. so we are using the canal top roof, which otherwise, i mean, has got no other use. we

road -- narendra modi's visit next month.mark crumpton. david: thanks much, mark. markets close in about 30 minutes. have begun to little is live at the nasdaq's -- nasdaq with the latest. index is performing the other major indexes on exposure to biotech and overweighting to technology. the nasdaq is on pace for its best close in nearly three months. the second biggest boost to the nasdaq are shares of apple, up three days in a row, with a near-term rally that would set off a disclosure of a nearly $1 million position in apple by one buffet's -- warren buffett's berkshire hathaway. it could be upside based on a report yesterday with apple asking suppliers to increase production plans for the iphone 7. shares of apple are actually higher than the open -- the bearish open after the bearish march report. a round trip here for the shares with apple. the second -- actually the biggest boost for the nasdaq today is microsoft. the stock is nicely higher, up 3% -- more than 3%, after cowan upgraded microsoft to an outperform. analys

next, on a visit to tehran, indian prime minister narendra modi pledged up to $500 million to developimportant. the move would give india trade access to iran, afghanistan, and central asia. the project is a strategic win for the south asian country, as india was competing with regional rival china for the port's development. >> the agreement to double up the chabahar port and related infrastructure, about 500 ,illion u.s. dollars in india is an important milestone. delano: let's take a look at other stories we are tracking for you now. price cuts are on the cards at europe's largest low-cost airline. fares will fall around 7% in the current financial year and between 10% and 12% during the winter months. the move for the airline comes as it tries to boost its market share. ryanair reported a 43% rise in net profit for the latest financial year but warns that worries surrounding terrorism risks prices falling even further. plans tosurance giant stop investing in the tobacco industry. the group says it will sell 1.8 billion euros worth of assets it has in the sector. a cited the impact

india's finance minister says he has every confidence in the reforms proposed by the government of narendras, heg exclusively to said the overhaul of the economy has changed the way investors regarded deal. he also stressed that more changes are underway. >> if you look at the performance of the government over the last two years, i think we took over at a stage where the rest of the world had almost started disregarding india. the government started with an image that india entered into a policy paralysis, but fortunately we had a sizable majority in the election. decision-making has become easier. over the last two years we have consistently moved in one direction, step after step, and they have been serious steps, opening up markets, rationalizing taxation, having a more nondiscriminatory system of resource allocation, making entries into business is easier, making exits out of business easier. you -- i have a little bit of the unfinished agenda of the reform process, which is still pending. bringinge still are around the direct tax, the corporate tax, down from 30% while phasing out the

now to discuss the 13 f filings and what is significant about the hedge fund , upunity is divya narendramzero. we have hedge funds, mutual funds, private equity funds. you run a platform for people to share their ideas. we see a few things. --erally, poor for performance among hedge stocks these days. and a lot of private trade. what does it say about the state of the industry that so many people got taken for a ride on this one, and clustering into the same set of stocks? divya: i don't think it says much. i think people read into it a lot more than they should. mind, moreo keep in than half of the hedge funds out there in the u.s. manage less than $100 million. a lot of the focus is on the huge, multimillion dollar funds. but there are actually thousands of hedge funds out there that don't necessarily pop up on the radar for conditions. one of the reasons why folks in the hedge fund industry value euros is because you're getting a more timely review of what a specific analyst thinks on a given name. not just in terms of a price target, but in terms of a detailed defense of that price t