Problem with Android Emulator on Android Studio. HAXM Kernel Module not Installed

I recently switched over from Eclipse ADT to Android Studio and as soon as I tried to fire up the emulator, I saw the following message: >emulator: ERROR: x86 emulation currently requires hardware acceleration! Please ensure Intel HAXM is properly installed and usable. CPU acceleration status: HAX kernel module is not installed! On Googling around, I found that disabling **Hyper-V** would solve this problem. It did. And the emulator worked like a charm. But then, my internet stopped working. In any form. WiFi, Ethernet, every kind of service went bust. Re enabling Hyper-V restored my internet connection, but the error came back. So, I can either use the internet or my emulator. I really can't keep doing that. Is there an alternate to this?