INDIA

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.

St. Louis Federal Reserve President James Bullard said on Monday that stripping energy and food costs from inflation measurements may understate inflation. Ignoring energy prices in a price index may systematically understate inflation for many years, he added.

After Dominique Strauss-Kahn's resignation from IMF, French finance minister Christine Lagarde has emerged as the leading candidate for IMF chief, receiving the support of European nations. On the other hand, countries such as China, India and Mexico are calling for an IMF chief from among an emerging economy.

The top pre-market NASDAQ Stock Market gainers are: Sify Technologies, China Techfaith Wireless Communication Technology, GT Solar International, United Community Banks, Pharmasset, Perfect World, and TiVo. The top pre-market NASDAQ Stock Market losers are: Identive Group, Teva Pharmaceutical Industries, and Research In Motion.

The much awaited Google Science fair list of finalists is announced on Google's official blog.

Turmoil over sovereign debt problems in Europe could weigh on the U.S. economic recovery, St. Louis Federal Reserve President James Bullard said on Monday.

At a trial, David Coleman Headley, the Chicago based Pakistani American who is accused of providing a front surveillance work in India in the 2008 Mumbai attacks has testified the involvement of at least one Pakistani Inter-Services intelligence directorate and a navy frogman, reported Reuters on Monday.

Despite being the ‘heir apparent’ to the top post of the International Monetary Fund (IMF), Christine Lagarde has cautioned that her candidacy might be premature.

Infosys Technologies, India’s second largest outsourcer, continued its expansion in China by setting up a new campus at the Zizhu Science and Technology Park in Shanghai and planned investment up to $150 million, reports said

Indian software services exporter Mahindra Satyam posted on Monday a net loss for its fiscal fourth quarter, hurt by a one-time expense due to settlement of a U.S. shareholder lawsuit, sending its shares down as much as 6 percent.

The solid demand for gold is not supported just by private individuals and panicky investors, but countries like China, India and Russia are ramping up investment in the yellow metal.

A security flaw in the LinkedIn’s professional networking website makes users' accounts more prone to hacking without the use of passwords.

Since the shocking discovery (and subsequent) assassination of al-Qaeda chief Osama bin Laden in early May in a compound in Pakistan, rumors have swirled that authorities in Islamabad have been harboring and protecting the world’s most wanted man all these years.

The dollar may need to make room for the Euro and the Renminbi as the rise of economic strength and influence of emerging markets threaten its dominant position as the world's currency.

Indian business executive Ratan Tata has blasted the work ethic of British employees and managers.

As the U.S. Geological Survey recorded over 12 earthquakes across the world on Saturday, May 21, 2011, which was predicted to be doomsday or the end of the world, we bring here a brief about earthquakes that jolted the world on the same day in the past.

Formula 1 boss Bernie Ecclestone will consider postponing the inaugural Indian Grand Prix to make room for Bahrain.

As part of the Partnership to Advance Clean Energy announced by President Obama and Prime Minister Singh of India last November, the Department of Energy has committed $25 million over the next five years to support the U.S.-India Joint Clean Energy Research and Development Center (JCERDC).

Harold Camping's message of May 21 'End of the World' has caused a stir around the world. Out of curiosity, paranoia, or mockery, many people are paying attention.

Oil fell sharply on Friday with U.S. light crude tumbling more than $2 toward $96 per barrel as the dollar rose and investors worried about the outlook for global growth and about the health of the euro zone.

If you give any credence to Harold Camping’s prediction – that the end of the world will be May 21, 2011 – tune in at 6 p.m. New Zealand local time just to make sure. Camping himself plans to do just that by watching it unfold on TV.