Sreeja VN

HSBC has cut its India GDP forecast for the fiscal 2013 to 5.7 percent from the previous forecast of 6.2 percent, citing "the lack of reform traction" and a more "challenging" global economic state of affairs.

The iconic clock tower that houses the great bell, the Big Ben, was officially renamed Elizabeth Tower Wednesday to honor the 60 years that Queen Elizabeth has been on the throne.

The top after-market Nasdaq gainers Wednesday were SciClone Pharmaceuticals Inc, Infinera Corporation, Sanmina-SCI Corporation, Achillion Pharmaceuticals Inc and Glu Mobile. The top after-market Nasdaq losers were Ericsson, NXP Semiconductors N.V., NetSpend Holdings Inc, KIT digital Inc and Air Methods Corporation.

In an attempt to boost foreign fund flow into the country, the Reserve Bank of India eased the limit of external commercial borrowings (ECB) by any individual, company or group.

India's industrial output grew at a flat 0.1 percent in July, 2012, against the analysts' expectation of a 0.5 percent growth as compared to the same period a year ago, showed the data released by the Indian government Wednesday. The Index of Industrial Production (IIP) had contracted by 1.8 percent in June 2012.

The top after-market Nasdaq gainers Tuesday were Accuray Inc, Digital Generation Inc, Santarus, Facebook Inc and Applied Micro Circuits Corporation. The top after-market Nasdaq losers were Globecomm Systems, Xyratex Ltd, Education Management Corporation, STEC Inc and Lattice Semiconductor Corporation.

The Chicago teacher strike that has led to about 400,000 children being left out of schools is likely to continue for the second day, Tuesday, as the striking Chicago Teachers Union and the school district officials failed to reach an agreement till late night Monday.

Andy Murray finally ends his country's 76 year long wait for a major Tennis title as he won over Novak Djokovic at the U.S. Open final, Monday. He is the first Briton to win a grand slam singles title in the modern era. The last British who won a grand Slam was Fred Perry in 1936. He had won U.S. Championships the predecessor of US open then.

Amid the recent controversies relating to the exploitation of the endangered Jarawa tribes in the Andaman Islands of India, there is something to cheer about as the government has said that the population of the tribe has increased to 407.

The death toll in a series of earthquakes that struck southwest China's Yunnan and Guizhou provinces Friday has mounted to 80. Over 730 people suffered injuries.

The top after-market Nasdaq gainers Friday were Cynosure Inc, Maxygen Inc, KiOR Inc and Cray Inc. The top after-market Nasdaq losers were TGC Industries Inc, Emmis Communications Corporation, Steel Dynamics Inc and Merge Healthcare Inc.

At least 43 people were killed and over 150 injured when a 5.7-magnitude earthquake rocked southwest China's Yunnan and Guizhou provinces Friday, Chinese media reported.

The European markets continued the upward rally Friday, a day after the European Central Bank (ECB) announced the widely anticipated bond-buying program aimed at lowering the struggling euro zone countries' borrowing costs.

The top after-market Nasdaq gainers Thursday were Smith & Wesson Holding Corp, Ulta Salon, Cosmetics & Fragrance Inc, Vical Inc, Bazaarvoice and MAP Pharmaceuticals. The top after-market Nasdaq losers were Audience Inc, Mattress Firm Holding Corp, Accuray Inc, Envivio Inc and Aceto Corp.

A high court judge in India has come under attack after he said that it was okay for a man to beat his wife as long as he took good care of her.

Russian President Vladimir V Putin pulled off his latest feat, helping a flock of critically endangered Siberian white cranes in their migration trip to Asia on Wednesday. Putin piloted a motorized hang glider in Siberian skies guiding a flock of the migratory cranes.

The top after-market Nasdaq gainers Wednesday were Amyris Inc, Theravance Inc, KiOR Inc, Mitcham Industries Inc and TechTarget Inc. The top after-market Nasdaq losers were Cross Country Healthcare Inc, Warner Chilcott plc, SeaChange International Inc, Conn's and ZAGG Inc.

Tammy Duckworth, an Iraq war veteran and the Democratic Illinois congressional candidate, drew applauds for her speech lauding Barack Obama at the Democratic National Convention (DNC) in Charlotte, N.C, Tuesday night.

A major blaze in a fireworks factory at Sivakasi in Tamil Nadu, India, has reportedly led to 10 people, including children, dead and more than 20 injured on Wednesday, local media reports said.

India's service sector continued its growth for the tenth consecutive month in August, based on a quick and the fastest pace since February, based on steady growth in new orders, according to the latest HSBC PMI data released Wednesday.

The top after-market Nasdaq gainers Tuesday were Wendy's Company, Santarus Inc, Sarepta Therapeutics Inc, Glu Mobile Inc and Facebook.

Buses carrying the Sri Lankan pilgrims were attacked in the Indian state of Tamil Nadu Tuesday, a day after the Sri Lankan government had issued a travel advisory to its citizens. Sri Lanka had issued the warning in the wake of the increasing attacks against its citizens in Tamil Nadu.

The Democrats have gathered in thousands at the downtown football stadium at Charlotte, N.C., for the three-day Democratic National Convention starting Tuesday. The Party unveiled its formal 2012 election policy, ahead of the convention Monday night, advocating the strengths of their presidential candidate incumbent Barack Obama over Republican rival Mitt Romney.

Shaji Farooq, Infosys's financial services head in the U.S. has resigned and has joined rival business group Wipro.

An injured hawksbill sea turtle has laid six eggs after being rescued and brought to a turtle hospital in the Marathon, Fla.

Even after tropical storm Isaac weakened and moved east, its impact was still felt in Louisiana and Mississippi states as heavy rains and flooding continued Sunday.

India's annual exports and imports declined for the third consecutive month in July owing to the weak demand from the U.S. and European countries due to the global economic slowdown.

Morgan Stanley Monday cut India's economic growth forecast to 5.1 percent from the previously projected 5.8 percent, citing low private investment and poor government finances.

A twin suicide bomb attack by the Taliban on Saturday killed ten civilians including two policemen and injured dozens more near a NATO base in central Afghanistan, officials said.