Sensex gains 82 points to 27,478 in early trade

Mumbai - The benchmark BSE Sensex rose over 82 points in early trade on Tuesday on increased buying by funds and retail investors amid acceleration in economic reforms after the government recommended promulgation of an ordinance making significant changes in the Land Acquisition Act.

Rising for the third straight session, the BSE 30-share barometer rose by 82.57 points, or 0.30 percent, to 27,478.30.

The National Stock Exchange index Nifty also edged higher by 21.95 points, or 0.26 percent, to 8,268.25.

Brokers said sentiments remained firm over optimism on the growth front and the government's resolve to use the ordinance route to push more economic reforms.

Rupee at over 13-month low of 63.77

Mumbai - Continuing its slide for the fifth consecutive day, the rupee lost 10 paise to over 13-month low of 63.77 against the US dollar in early trade today at the Interbank Foreign Exchange market due to sustained year-end demand for the American currency from importers.

Forex dealers said the dollar's strength against other currencies in the global market also put pressure on the rupee but sustained rise in domestic equities capped the fall.

The domestic currency had closed lower by 10 paise to 63.67 against the Greenback following sustained dollar demand from importers.

Taylor Swift approves singers' performance on her songs

Los Angeles - Pop star Taylor Swift has given approval to a performance by two singers on songs from her latest album '1989'.

The 24-year-old singer gave her stamp of approval on Twitter to a performance of 'Blank Space' and 'Style' mash-up uploaded on YouTube, reported Aceshowbiz.

Swift took to Twitter to share a link of the clip showing Louisa Wendorff and Devin Dawson singing the tracks off and commented, "Obsessed."

The video sees the Nashville-based singer and her duet partner singing in the middle of the street. Wearing all-black outfits, the two deliver their respective lines while Dawson plays the guitar.

RBI pitches for structural reforms; sees 6% inflation in 2015

RBIMumbai: Pitching for structural reforms to reinforce investor confidence, RBI on Monday said falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise near 6 percent level in 2015.

The central bank, however, flagged lower revenue mobilisation this fiscal as a "major concern" and said that the asset quality remains a grey area in the banking sector.

It also sounded caution over the recent phenomenon of FIIs showing greater interest in the Indian debt markets, saying this trend can turn volatile in the wake of changes in global markets, especially in the US, the world's largest economy.

Sushma invites South Korean companies to invest in India

Sushma SwarajSeoul, Dec 29 : External Affairs Minister Sushma Swaraj, who is currently on a two-day official visit to Seoul, on Monday extended an invitation to South Korean companies to participate in the 'Make in India' initiative and make bold investments in India.

Swaraj extended her invitation during her meeting with South Korea President Park Geun-hye at the Blue House here.

Welcoming Swaraj's invitation, President Park agreed to encourage her nation's industry to engage with India even more closely and reiterated her invitation to Prime Minister Narendra Modi for an early official visit of Seoul.

Iran supreme leader takes to Twitter to criticise US over prevailing race issues

Ayatollah Ali KhameneiLondon, Dec 29 : Iran's supreme leader Ayatollah Ali Khamenei took to social networking site Twitter to criticise US on race issues using the hashtag #BlackLivesMatter.

According to The Guardian, in a stream of comments on his English-language Twitter feed, Ayatollah Ali Khamenei on Sunday returned to a theme he has repeatedly struck since Michael Brown, an unarmed black teenager, was shot dead by police officer Darren Wilson in Missouri on 9 August.

In his tweets, he compared the Ferguson shooting with the Palestinian struggle in Gaza.

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