Friday, March 20
Shares of Anant Raj, Netweb Technologies, Techno Electric and Engineering, and other Indian data centre stocks extended gains for a second straight session and rallied up to 7% on February 2 after the Union Budget unveiled a long tax holiday aimed at positioning India as a global cloud and data centre hub. Finance Minister Nirmala Sitharaman proposed a tax holiday running until 2047 for foreign companies providing global cloud services from data centres located in India, provided services to Indian customers are routed through an Indian reseller. The move is designed to attract hyperscalers and global cloud players to serve international markets from India, strengthening the country’s role in global digital infrastructure.On the real estate front, Anant Raj climbed up to 7.1% in today’
