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Mumbai, Dec 7 - India's foreign exchange (forex) reserves jumped by $5.03 billion to $291.30 billion for the week ended Nov 29, helped by a sharp increase in foreign currency assets, Reserve Bank of India (RBI) data showed.

This is the fourth consecutive week of gain in the country's foreign exchange reserves.

Forex reserves had soared by $2.69 billion to $286.26 billion during the week previous to this.

Foreign currency assets, the biggest component of the forex reserves, soared by $5.07 billion to $263.73 billion, according to the RBI's weekly statistical supplement. Foreign currency assets had increased by $2.76 billion to $258.66 billion in the previous week.

The Karnataka High Court on Friday admitted SBI-led consortium's petition seeking the winding up of the beleaguered Kingfisher Airlines Ltd.

A Justice Anand Byrareddy-led bench of the high court admitted the petition after Kingfisher failed to demonstrate any real progress made in the attempt to revive the grounded airline. In September, the airline had told the court that it was in talks with prospective investors and was working out a scheme for revival of its operations.

Washington, Dec 7 : Yahoo has reportedly acquired an online platform for live concerts, Evntlive, for an undisclosed amount.

Evntlive was founded in late 2011 and launched in beta in April 2012 after raising 2.3 million dollars in funding from notable investors including Vint Cerf.

According to Mashable, post the deal, Evntlive will be shutting down its services and join the Yahoo team for their projects.

London, Dec 7 : A new research suggests that an anti-tuberculosis vaccine could prevent multiple sclerosis.

A small-scale study by researchers at the Sapienza University of Rome has raised hopes that the disease can be warded off when early symptoms appear, the BBC reported.

More research is needed before the BCG vaccine can be trialled on MS patients.

The MS Society said the chance to take a safe and effective preventative treatment after a first MS-like attack would be a huge step forward.

New York, Dec 7 : Leonardo DiCaprio has revealed that Bruce Dern had

London, Dec 7 : Chelsea boss Jose Mourinho has refused to rule Manchester United out of the Premier League title chase, according to reports.

According to Metro. co. uk, Mourinho saw his side pull eight points clear of David Moyes' men on Wednesday, with Everton earning victory at Old Trafford.

However, despite United trailing pacesetters Arsenal by 12 points, Mourinho insists it is too soon to dismiss their chances of retaining the title, the report said.