Sreeja VN

An Italian court Monday sentenced seven earthquake experts for six years in prison on charges of manslaughter for failing to warn the people of an earthquake that killed 309 people in L’Aquila city in 2009.

The employees of Kingfisher Airlines, who are at their wits end regarding the future of their job, are agitated over the unperturbed attitude of the airline’s owner and have planned to stage protests. Vijay Mallya, who has branded himself as the “King of Good Times,” has shown no interest or empathy towards his employees who have not been paid their salaries since March.

In a desperate attempt to break the impasse, the management of Kingfisher Airlines is holding talks with its employees Monday evening.

India Monday reiterated its compulsion to depend on the Iranian oil to meet its increasing energy demands.

At least 10 people were killed and 15 others injured Sunday in a bomb blast near the Bab Touma district’s police station while another suicide car bomb attack before a French hospital in Zuhour Street in the northern city of Aleppo resulted in several injuries and material damage, the state media said.

The Directorate General of Civil Aviation (DGCA) Saturday suspended Kingfisher Airlines’ license after the beleaguered airline failed to adhere to the deadline given to it by the Indian aviation regulator to reply to a show cause notice served to it.

The top after-market Nasdaq gainers Friday were PDL BioPharma Inc, Volcano Corporation, SodaStream International Ltd, NETAPP and ANCESTRY.COM Inc. The top after-market Nasdaq losers were James River Coal Company, Astex Pharmaceuticals Inc, Raptor Pharmaceutical Corp and Oclaro Inc.

A day before the Oct. 20 deadline, Kingfisher Airlines Friday replied to a show cause notice served to it by the Directorate General of Civil Aviation (DGCA), the aviation regulator in India.

The father of a Bangladeshi man, who arrested for plotting to blow up the New York Federal Reserve Bank, Thursday alleged that his son was a victim of a racist conspiracy, local media reported.

A White House-ordered review has found no clear evidence for the allegation that Huawei Technologies Ltd has spied for the Chinese government, Reuters has reported.

A Bangladeshi student, who came to the U.S. allegedly to wage Jihad, was arrested Wednesday after he attempted to blow up a 1,000-pound fake bomb outside the Federal Reserve building in Manhattan, the FBI said in a statement.

Kingfisher Airlines, India’s crisis-struck airline, will extend its lockout period said chief executive Sanjay Aggarwal, after a meeting with the employees on Wednesday.

Around 55 people were injured in East Afghanistan Wednesday morning when a suicide bomber rammed his explosive laden truck into a U.S.-Afghan military base, local media reported.

The top after-market Nasdaq gainers Tuesday were H&E Equipment Services Inc, Manhattan Associates Inc, Cree Inc, Wintrust Financial Corporation and Linn Co, LLC.The top after-market Nasdaq losers were Fortinet Inc, Apollo Group Inc, Savient Pharmaceuticals Inc and Intuitive Surgical Inc.

U.S. Secretary of State Hillary Clinton said she takes responsibility for the security failure at the U.S. Consulate in Benghazi after last month’s violent attack that killed four U.S. nationals, including the U.S. ambassador to Libya.

The top after-market Nasdaq gainers Monday were Premier Exhibitions Inc, CNinsure Inc, Monro Muffler Brake Inc, Novavax Inc Inc and Jive Software Inc.The top after-market Nasdaq losers were WD-40 Company, Clearwire Corporation, Microchip Technology Inc and SciClone Pharmaceuticals Inc.

The Supreme Court of India directed the Reserve Bank of India to amend the Foreign Exchange Management Act (FEMA) regulations rules within two weeks to facilitate the implementation of Foreign Direct Investment in the retail sector.

India’s headline inflation in September rose at a higher than- expected rate to 7.8 percent, touching 10-month high, diminishing chances of interest rate cuts by the RBI.

The wounded Pakistani girl shot in the head by the Taliban for promoting education for girls has been shifted to the United Kingdom for further treatment, a military spokesman said Monday.

Indian Finance Minister P Chidambaram urged Reserve Bank of India Saturday, to support the struggling economy by reciprocating the government’s attempts to rein in fiscal deficit, while further strengthening industries and markets plea for monetary easing.

Syria said on Saturday that it will not allow Turkish civilian planes to fly over its territory, while Turkey criticized United Nations for failing to tackle the Syrian conflict, escalating tension between the two neighbors who once were close allies.

A U.S. Navy submarine collided with an Aegis cruiser during routine exercise off the East Coast on Saturday causing damage but no injuries, U.S. Navy officials said.

At least 16 people were killed and 40 others injured in a bomb blast at a crowded market in northwest Pakistan Saturday, security officials said.

Ahead of his sentencing later this month, former director of Goldman Sachs Rajat Gupta has got support from prominent personalities like former U.N. Secretary-General Kofi Annan and Microsoft co-founder Bill Gates who advocated a lenient sentence for insider trading, the Wall Street Journal has reported.

India's retail inflation rate moderated to 9.73 percent in September from the 10.03 percent in August, mainly by a marginal fall in fuel prices, according to the data released by the Ministry of Statistics and Program Implementation.

India's industrial output grew at a modest 2.7 percent in August, beating the analysts' expectation of a 1.1 percent growth as compared to the same period a year ago. The data was released by the government of India on Friday. The Index of Industrial Production (IIP) had recorded a flat 0.1 percent growth in July 2012.

Infosys Technologies Ltd, India's second largest software services firm, reported Friday a 24 percent rise in the net profit for the second fiscal quarter ending June 31, 2012, meeting market expectations. However, the Bangalore-based company gave a weaker-than-expected earnings forecast for the third quarter, sending its shares down by 5 percent in the morning trade.

The top after-market Nasdaq gainers Thursday were J.B. Hunt Transport Services Inc, Photronics Inc, FormFactor Inc, Oclaro Inc and Glu Mobile Inc. The top after-market Nasdaq losers were AEterna Zentaris Inc Ltd, Alnylam Pharmaceuticals Inc, Popular Inc and Blucora Inc.

India’s realty major DLF Ltd’s shares fell sharply Monday after the anti-corruption activists led by Arvind Kejriwal accused the company of having clandestine dealings with Robert Vadra, Congress (I) president Sonia Gandhi's son-in-law.