New Delhi, Feb. 1 -- E2E Networks, a provider of cloud computing services, saw its shares rise 10% in today's session (February 1), reaching the day's high of Rs.2,334 apiece, after Union Finance Minister Nirmala Sitharaman announced a major boost to data centres.

In her Budget speech on February 1, Sitharaman said, "Recognising the need to enable critical infrastructure and boost investment in data centres, I propose to provide a tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India. It will, however, need to provide services to Indian customers through an Indian reseller entity."

"I also propose to provide a safe harbour of 15 percent on cost in case th...