Indian equities are set for a lower opening on Thursday, with GIFT Nifty trading at 24,340 and indicating that the Nifty 50 could fall about 84 points at the opening bell.
The lawsuit follows allegations that the Indian banking giant orchestrated a covert scheme to illegally inflate interest payouts to a state government agency by disguising them as marketing expenses.
Nvidia is reportedly set to acquire Hugging Face for $12.9 billion as it expands across the AI ecosystem. Nvidia expects revenue to grow about 70% in FY28
Tax implications can arise at different points in the process, with the eventual tax burden shaped by the exercise price, the shares' fair market value, the nature of the employer and the price at which the shares are ultimately sold.
The brokerage's recommendation is underpinned by the company's market leadership, differentiated portfolio, superior scale, and proven ability to incubate and scale new businesses, positioning it to emerge as one of the world's leading integrated infrastructure platforms.
