Versuchen GOLD - Frei

Beyond tax holidays

Financial Express Lucknow

|

February 05, 2026

DATA CENTRES SEEK RELIABLE ACCESS TO GREEN POWER, LAST MILE CONNECTIVITY & FASTER APPROVALS

- SUDHIR CHOWDHARY

INDIAGENERATES NEARLY 20% of global data, but hosts only about 3% of the global data centre capacity (approximately 1.2-1.7 GW out of over 100 GW globally).

It is estimated that 90% to 95% of data generated by Indians is stored or processed overseas. The tax holiday announced in Budget 2026 for foreign cloud service providers using Indian data centres is a timely and strategic intervention aimed at narrowing India’s data infrastructure gap. It is also a strong signal that India wants to become a serious global data centre and AI computing hub.

Industry players feel that tax incentives alone will not close the gap between the data India generates and the infrastructure it hosts.

Inline Quotes:

WEITERE GESCHICHTEN VON Financial Express Lucknow

Financial Express Lucknow

A shot in the arm

BUDGETARY ALLOCATIONS BODE WELL FOR INDIA'S FOREIGN AND SECURITY POLICIES

time to read

4 mins

February 06, 2026

Financial Express Lucknow

Customs duty tweaks to lower costs for India Inc

PRODUCTION BOOST

time to read

2 mins

February 06, 2026

Financial Express Lucknow

Call rate hits 42-month low

THE RESERVE BANK of India’s (RBI) liquidity infusion has led to a sharp drop in call or overnight lending rates.

time to read

1 min

February 06, 2026

Financial Express Lucknow

NCLT admits class action suit by Jindal Poly Films minority shareholders

THE NATIONAL COMPANY LawTribunal (NCLT) on Thursday admitted a class action suit by Jindal Poly Films’ minority shareholders against the company, alleging diversion of funds to promoters as well value erosion for shareholders, according to an order seen by FE.

time to read

1 mins

February 06, 2026

Financial Express Lucknow

Call rate touches 42-month low

ON FEBRUARY 3 and February 4, the system liquidity stood at %2.16 lakh crore and %1.96 lakh crore.

time to read

1 min

February 06, 2026

Financial Express Lucknow

PVR Inox profit rises 166% on festive boost

PVR INOX SAW its consolidated net profit rise 1.6 times to nearly %96 crore in the

time to read

1 min

February 06, 2026

Financial Express Lucknow

Govt eyes rejig of rules to help audit firms go global

LESSER HURDLES

time to read

2 mins

February 06, 2026

Financial Express Lucknow

‘Our capex for FY27 will be around ₹25,000 crore’

Tata Power posted a 25% yo-y drop in net profit to ₹772 crore in Q3FY26 and its revenues fell 9.4% yo-y to ₹13, 948 crore.

time to read

1 mins

February 06, 2026

Financial Express Lucknow

Fitch revises Axis Bank outlook to positive

FITCH RATINGS ON Thursday revised the outlook on Axis Bank’s long-term issuer default rating (IDR) to ‘positive’ from ‘stable’, and affirmed the IDRat ‘BB+’.

time to read

1 min

February 06, 2026

Financial Express Lucknow

IOC Q3 net jumps over fourfold to ₹12,126 cr

STATE-RUN REFINER INDIAN Oil Corporation on Thursday reported a more than fourfold jump in its standalone net profit for the December quarter, driven by a sharp improvement in refining and marketing margins and higher fuel sales, even as its petrochemicals business continued to remain under pressure.

time to read

1 min

February 06, 2026

Listen

Translate

Share

-
+

Change font size