Sreeja VN

Crisis-laden Kingfisher Airlines got another blow Saturday as its principal lender, State Bank of India, categorically clarified that the bank could not release further funds to the cash-strapped private airline, even as the aviation controller Friday issued a notice to the air carrier asking it why its license should not be cancelled.

The top after-market Nasdaq gainers Friday were The Medicines Company, Ixia, Oplink Communications Inc, CEVA and ADTRAN Inc. The top after-market Nasdaq losers were Leap Wireless International, Sangamo BioSciences Inc, Affymax Inc, Oclaro and Diodes Incorporated.

The Directorate General of Civil Aviation (DGCA) is seeking the legal opinion on cancelling the license of the crisis-laden private Indian air carrier, Kingfisher Airlines.

U.S.-based global fund house Carlyle sold its 3.7 percent stake in India’s mortgage major Housing Finance Development Corporation (HDFC) Ltd for nearly 43 billion rupees ($841 Million) Friday.

The National Stock Exchange’s (NSE) Nifty dipped 5 percent in a freak trade Thursday morning to an intra-day low of 4,900 at 9.51 a.m. (local time, India), triggering the circuit filter halting the trading. The trade resumed 15 minutes later at 10.05 a.m.

The top after-market Nasdaq gainers Thursday were Jamba Inc, Impax Laboratories Inc, Novavax Inc, Ceragon Networks Inc and Amarin Corporation.The top after-market Nasdaq losers were Zynga Inc Ltd, Datalink Corporation Inc, Mercury Computer Systems Inc and Education Management Corporation.

India’s cabinet Thursday approved a 49 percent Foreign Direct Investment (FDI) in insurance and opened up the pension sector to the foreign companies, providing the much needed momentum to the Indian economy.

Oil India Ltd (OILI.NS) and Indian Oil Corp (IOC.NS) have jointly bought a 30 percent stake in Houston-based Carrizo Oil & Gas's (CRZO.O) Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement, according to a Reuters report.

Turkey continued its attack on Syrian targets for the second consecutive day Thursday after a mortar firing from Syria killed five civilians in a Turkish town Wednesday.

Bombay Stock Exchange's Sensex crossed 19,000 points, its highest in 15 months, in morning trade Thursday on hopes of additional pro-reform decisions by the government and the strengthening rupee.

The top after-market Nasdaq gainers Wednesday were Logitech International S.A, Carrizo Oil & Gas Inc, ACADIA Pharmaceuticals Inc, Tesla Motors, Inc and Kraft Foods Group Inc. The top after-market Nasdaq losers were NuVasive Inc, HMS Holdings Corp Inc, Idenix Pharmaceuticals Inc, Sarepta Therapeutics Inc and School Specialty Inc.

A meeting between Kingfisher Airlines and the employees union failed to reach an agreement to resolve ongoing labor problems in the beleaguered airlines Wednesday, as the management declared that it could not assure salaries in the future.

The Asian Development Bank cut its 2012 and 2013 growth estimates for several developing countries in Asia Wednesday, citing weakness in global demand.

The top after-market Nasdaq gainers Tuesday were InterMune Inc, Aruba Networks Inc, Transcept Pharmaceuticals Inc, Resources Connection Inc and Education Management. The top after-market Nasdaq losers were Xyratex Ltd, Synaptics Inc, Rigel Pharmaceuticals Inc Sarepta Therapeutics Inc and Acme Packet Inc.

India’s embattled Kingfisher Airlines said Tuesday that it would pay the salary due to employees in the next few days and briefed the Directorate General of Civil Aviation (DGCA) about the latest developments.

India’s Kingfisher Airlines Tuesday declared a partial lockout till Thursday following instances of labor unrest and strikes in the company while the Aviation Ministry warned the crisis-laden air carrier that it would not be allowed to fly if safety norms were flouted.

A farmer in Oregon was reportedly eaten by his hogs and the authorities are investigating the incident.

The top after-market Nasdaq gainers Monday were PetSmart, Synta Pharmaceuticals Corp, Sycamore Networks Inc, Glu Mobile Inc and PLX Technology Inc. The top after-market Nasdaq losers were Halozyme Therapeutics Inc, RadiSys Corporation, Body Central Corp, GT Advanced Technologies and Gladstone Holdings.

India would finalize the guidelines on its controversial anti-avoidance law within 20 days after considering the recommendations made by a government panel, ending months-long stalemate on the issue, Finance Minister P Chidambaram said Monday.

India's trade deficit widened marginally to $15.6 billion from July's $15.5 billion as export fell at a sharper rate than the imports for the month of August, according to the data released by the Ministry of Commerce Monday.

India’s debt-ridden private air carrier Kingfisher Airlines cancelled several flights Monday, fearing a number of its striking employees might not report for work. The company’s shares plummeted 5 percent on the Bombay Stock Exchange following the reports.

The top after-market Nasdaq gainers Friday were Idenix Pharmaceuticals Inc, Achillion Pharmaceuticals, Mattress Firm Holding Corp, MCG Capital Corporation and Layne Christensen Company. The top after-market Nasdaq losers were Allied Healthcare Products, JAKKS Pacific Inc, Kandi Technologies Corp, Kayak Software Corporation and Savient Pharmaceuticals.

India successfully launched its heaviest advanced communication satellite -- GSAT-10 -- from the spaceport in French Guiana Saturday morning.

U.S. coffee chain Starbucks Corp (Nasdaq:SBUX) will launch its first coffee shop in India by the end of October with Tata Global Beverages, John Culver, president, China and Asia Pacific, said Friday.

Spelling more trouble for the debt-laden Indian private air carrier Kingfisher, a consortium of its lenders Friday rejected the company’s Rs. 2 billion working loan request. The company’s shares plummeted over 5 percent in the Bombay Stock Exchange following the reports.

Five people including the gunman were killed and four others injured after a man opened fire at a Minneapolis business house Thursday evening, police said.

The top after-market Nasdaq gainers Thursday were Research in Motion Limited, The Wet Seal Inc, Horizon Pharma Inc, OraSure Technologies Inc and BGC Partners Inc. The top after-market Nasdaq losers were EMCORE Corporation, Regeneron Pharmaceuticals Inc, Limelight Networks Inc, Cypress Semiconductor Corporation and Life Partners Holdings.

Raising hopes on further economic reforms, India’s Finance Minister P Chidambaram Thursday said that Prime Minister Manmohan Singh wanted the implementation of more measures to stabilize the rupee.