India’s Biggest IPO Closes Today! Jio’s ₹30,213 Cr Mega Issue + Chennai AI Push 🚀
Bidding for the ₹30,213 crore Jio Platforms IPO, India’s largest ever, closes today, and the shares list on 28 October. Separately, Vultr is building a 20 MW AI supercluster in Chennai with AMD chips.
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Tamil Nadu cuts VAT rate on aviation turbine fuel at Chennai airport from 29% to 16%
It has also reduced the VAT for scheduled airlines fuelling at airports other than Chennai from 29% to 1%. The rate has been reduced from 5% to 1% for scheduled airlines operating aircraft with a maximum take-off mass of less than 40,000 kg and fuelling at airports other than…