Industry needs support, reduction in levies: Reliance Jio’s top executive
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Industry, led by incumbents Bharti Airtel and Vodafone Idea, has been demanding rationalisation of taxes and levies since long, saying a relief would further enable them to spend more on deploying infrastructure.
Jio president Mathew Oommen
NEW DELHI: It is important to have some support as an industry player and the government should reduce license fee to 1%, and spectrum usage charge (SUC) should come down to 3%, a top executive of Reliance Jio Infocomm said.
“We need to have reduced license fees from 3% to 1%, for all the TSPs, and also as an industry, we need to have the spectrum usage charge reduced by 3%, for all three telecom service providers,” Jio president Mathew Oommen said.
Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a New Umbrella Entity (NUE) that will build a UPI-like settlement system in India s digital payments space.
Along with ICICI Bank and Axis Bank, Amazon has also partnered with fintech startups Pine Labs and BillDesk to set a New Umbrella Entity (NUE) that will build a UPI-like settlement system in India s digital payments space.
Adani group, EdgeConneX form JV to develop data centres
Data centres are a fundamental infrastructure need of a nation, said Gautam Adani, chairman of Adani Group
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Adani Enterprises Ltd has partnered EdgeConneX, a leading data center operator to develop 1 gigawatts (GW) of data centre capacity over the next decade.
The equal joint venture (JV) named AdaniConneX will focus on building a network of hyperscale data centres in India, starting with Chennai, Navi Mumbai, Noida, Visakhapatnam and Hyderabad, the companies said in a joint statement on Tuesday. “Development and construction at the sites have already begun.