Sreeja VN

Air India pilots Tuesday told the Delhi High Court that they would call off their strike with immediate effect after the court asked them to end the 58-day-old stir within 48 hours.

The top after-market Nasdaq gainers Monday were: Asset Acceptance Capital Corp, Rosetta Resources Inc, Nanosphere Inc, Diodes Incorporated and Cree Inc. The top after-market Nasdaq losers were: Hot Topic Inc, Crosstex Energy LP, Sabra Healthcare REIT Inc, Sourcefire Inc and E TRADE Financial Corporation.

India's exports declined by 4.16 percent to $25.68 billion in May due to a slowdown in global demand, a statement released by the Ministry of Commerce and Industry said on Monday.

The strike by Air India pilots became the second longest stir in India's aviation history when it entered the 57th day Monday even as the pilots of a private Indian airline -- Kingfisher -- called for a strike to protest against the non-payment of their salaries.

Barclays Bank chairman Marcus Agius Tuesday confirmed that he had resigned over the Libor (London Inter Bank Offered Rate) inter-bank lending rate-fixing scandal.

India's current account deficit deteriorated to a record high of 4.5 percent of the GDP or $21.7 billion - a level seen for the first time in 20 years - for the quarter ending March 2012, data released by the Reserve Bank of India show.

The top after-market Nasdaq gainers Friday were Medical Action Industries Inc, Velti plc, PowerSecure International Inc, ATP Oil & Gas Corporation and Calumet Specialty Products Partners L.P. The top after-market Nasdaq losers were: Electronic Arts Inc, Lexicon Pharmaceuticals Inc, Spectrum Pharmaceuticals Inc, Jive Software Inc and Dendreon Corporation.

India's BSE Sensex soared more than 430 points or 2.59 percent to a two-month high of 17448.48 Friday on positive global and domestic cues. The 30-share benchmark index opened at 17134.61 and reached a high of 17448.48 before closing down at 17429.98.

Reuters Market Eye - Morgan Stanley has upgraded Indian stocks to equalweight in its latest report after having rated them underweight since the first quarter of 2011.

A committee which was formed to give recommendations on the implementation of the controversial general anti-avoidance rules (GAAR) provisions in India released its draft guidelines Thursday night. The draft guidelines have clarified that the GAAR will not be applied retrospectively.

The top after-market Nasdaq gainers Thursday were Smith & Wesson Holding Corporation, Lincare Holdings Inc, Fushi Copperweld Inc, Synta Pharmaceuticals Corp and Amtech Systems Inc. The top after-market Nasdaq losers were: Research in Motion Limited, Cree Inc, Seattle Genetics Inc, The Finish Line Inc and Ascena Retail Group Inc.

Pranab Mukherjee, ruling UPA party's nominee and former finance minister of India filed his nomination papers for the July 19 presidential elections on Thursday, in the presence of Prime Minister Manmohan Singh, Congress Party chief Sonia Gandhi and other leaders.

The top after-market Nasdaq gainers Wednesday were Flow International Corporation, Halozyme Therapeutics Inc, Heartland Express Inc, Array BioPharma Inc and CalAmp Corp Inc. The top after-market Nasdaq losers were: Synta Pharmaceuticals Corp, Splunk Inc, Grand Canyon Education Inc, Synageva BioPharma Corp and Seagate Technology.

Indian Prime Minister Manmohan Singh took charge of the finance ministry on Wednesday and has initiated action to set up a unified mechanism for the ministry. The prime minister held a meeting with his key advisors and officials in this regard on Wednesday, local media reports said.

Beverages giant Coca Cola announced Tuesday that it would invest nearly double the amount of money, along with its bottling partners, to $5 billion by 2020. The investment of $5 billion is higher by $3 billion from the earlier announcement made in November 2011 for a five-year period.

The top after-market Nasdaq gainers Tuesday were AeroVironment Inc, Anthera Pharmaceuticals Inc, Zogenix Inc, United Therapeutics Corporation and Orexigen Therapeutics Inc. The top after-market Nasdaq losers were: Omeros Corporation, O'Reilly Automotive Inc, Medivation Inc, IAC/InterActiveCorp and Alexza Pharmaceuticals Inc.

Even as the crisis in Air India continues with no signs of a solution in sight, another Indian carrier Kingfisher Airlines is in fresh trouble with 80 of its engineers quitting their jobs.

Indian Finance minister Pranab Mukherjee - the ruling party UPA's candidate for the presidential candidate- resigned from the post and bid farewell to active politics on Tuesday.

In an attempt to boost growth and save the sliding rupee, the Reserve Bank of India (RBI) Monday announced a series of measures like allowing Indian companies to borrow more money from overseas for refinancing their outstanding rupee loans.

The indefinite hunger strike by Air India pilots entered the second day Monday even as the Aviation Ministry and the management refused to budge to their demands. About 400 pilots owing allegiance to the Indian Pilots Guild (IPG, now derecognized) have been striking from May 8, demanding parity in pay and career progression in Air India.

Global rating agency Moody's said Monday that it was retaining the outlook for India's rating as stable and said slowdown in economic growth might be a short-term problem.

An inch of time is an inch of gold, but you can't buy that inch of time with an inch of gold. Does this Chinese proverb ring true in the case of Indians who invest in gold for a 'good time' tomorrow? Or is the craze for the yellow metal ruining the country's economy?

The top after-market Nasdaq gainers Friday were Solazyme Inc, MannKind Corporation, MAKO Surgical Corp, Legacy Reserves LP and XenoPort Inc. The top after-market NASDAQ losers were: Momenta Pharmaceuticals Inc, Biosante Pharmaceuticals Inc, The Bon-Ton Stores Inc, Netgear Inc and Horizon Pharma Inc.

The Indian rupee continued its downward slide for the fifth consecutive day Friday to set the record low of 57.23 against the U.S. dollar in afternoon trading.

The top after-market Nasdaq gainers Thursday were Metabolix, Inc, Interval Leisure Group, Inc, Crosstex Energy, Inc, BioMimetic Therapeutics, Inc and Gevo, Inc. The top after-market Nasdaq losers were: Verisk Analytics, Inc, James River Coal Company, Amyris, Inc, Incyte Corporation and Netlist, Inc.

The Indian rupee continued its downward slide for the fourth consecutive day Thursday to touch an all-time low of 56.57 against the US dollar.

The millionaires in Asia outnumber their counterparts in North America for the first time while the overall financial wealth of high net worth individuals (HNWI) declined across all regions except the Middle East, according to a new study.

Air India's contingency plan was disrupted Tuesday after 30 of its 120 executive pilots, deployed by the national carrier to run its international flying operations in the wake of the pilots' strike, reported sick, reports said Wednesday.

Fitch Ratings Wednesday revised its outlook on 11 India-based financial institutions to negative from stable while affirming the rating. Fitch revised the outlook on the Indian Railway Finance Corporation Limited's (IRFC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to negative from stable and affirmed the ratings at 'BBB-'.