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Indian Government Announces Data Center Policy and Jio Platforms IPO Sees Strong Demand

CNBC +1 ·

BLK Blackrock Inc
$1149.60 +1.85%
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  1. 1Jitin Prasada, Deputy Secretary of the Ministry of Electronics and Information Technology, announced India's data center policy on October 14.
  2. 2Jio Platforms' IPO saw demand exceeding 30 times the anchor investor allocation, with the highest anchor bid reaching $26 billion.
  3. 3In Visakhapatnam, where Google's $15 billion project is underway, environmental activists have demanded the cancellation of permits.

So what's the key point?

The Indian government has announced a data center policy and Jio Platforms is preparing for its listing. Demand for Jio Platforms has surged, with record-breaking bids reaching $26 billion.

Source CNBC +1 · View original ↗

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