Business

Japanese conglomerate Hitachi Ltd said on Wednesday it would exit a stalled British nuclear power project, a decision that deals a blow to Britain's plans to replace ageing plants.

The 30-share BSE index was trading 53.41 points or 0.14 per cent higher at 39,097.76; while the NSE Nifty rose 14.40 points or 0.12 per cent to 11,536.20.

Global equities markets rallied on Tuesday, first on upbeat Chinese data and later on an increase in U.S. factory output, while the dollar seesawed on uncertainty regarding the Federal Reserve's outlook on the economy when policymakers meet this week.

U.S. stocks rose on Tuesday as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank's twoday meeting got underway.

The ministry tracks retail prices of 22 essential commodities (potato, tomato, and onion) in 114 market centres spread across India.

Gold rose to its highest in nearly two weeks on Tuesday, propelled by a softer dollar and expectations the U.S. Federal Reserve will reinforce its accommodative monetary policy.

Asian equities advanced on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID19 vaccines.

The financial misconduct trial of former Nissan executive Greg Kelly opened Tuesday.

Thai Airways International Pcl's request to restructure its debt as part of bankruptcy proceedings was approved by a bankruptcy court on Monday, sending its share price sharply higher.

World stocks nudged higher on Monday on hopes for a coronavirus vaccine after AstraZeneca resumed its phase3 trial, but the gains were limited as caution prevailed before a host of central bank meetings this week.

Global shares rose Monday, despite the rollercoaster ride that Wall Street ended with last week, as traders awaited cues from the U.S. central bank expected later in the week.

Indian Oil Corp will expand its petrochemicals capacity and integrate it with its textile business to help offset the impact of low refining margins, the chairman of India's largest refiner said on Monday.

The European Union and China signed a deal on Monday to protect each other's exported food and drinks items from feta cheese to Pixian bean paste ahead of challenging discussions on trade, climate change and human rights at an online summit.

A look at some of the key business events and economic indicators upcoming this week:

Gold prices rose on Monday, supported by a weaker dollar and expectations that the U.S. Federal Reserve will adopt a dovish stance at its twoday monetary policy meeting later this week.

Asian shares rose Monday, despite the rollercoast ride that closed Wall Street last week, as traders awaited cues from the U.S. central bank expected later in the week.