Saturday, March 07
Co-Founders Nazım Salur and Serkan Borançılı of Turkish food and grocery delivery startup, Getir, have filed a $700 million lawsuit against Abu Dhabi investor Mubadala Investment Company. They allege the sovereign wealth fund breached a 2024 restructuring agreement by withholding key assets, including the valuable Getir Finance platform. This legal action escalates a dispute following Uber's acquisition of Getir's Turkish operations.
Stock market today: The BSE Sensex, comprising 30 shares, rose 173.81 points or 0.21 percent to settle at 83,450.96. During the session, the index touched an intraday high of 83,598 and a low of 82,987.43. The 50-share NSE Nifty also edged higher, gaining 42.65 points or 0.17 percent to close at 25,725.40.
Gold prices saw a dip of over 1% in futures trade Tuesday, influenced by easing safe-haven demand, improved geopolitical sentiment, and a stronger US dollar. Analysts suggest this is a corrective phase within a broader bullish trend, with investors advised to rebalance on dips amid choppy markets. Global markets also experienced a decline in gold futures.
Adani Group is launching a massive $100 billion initiative to build AI-ready data centers powered by renewable energy across India by 2035. This ambitious plan aims to create a sovereign energy and compute platform, fostering India's role in the global Intelligence Revolution. The investment is expected to spur further growth in related sectors, establishing a significant AI infrastructure ecosystem.
Stock market today: The 50-share NSE Nifty rose 211.65 points, or 0.83 per cent, to close at 25,682.75. The 30-share BSE Sensex climbed 650.39 points, or 0.79 per cent, to end at 83,277.15.
