TATACOMM

Adds iPhone exports graphic, Apple declined comment in paragraph 5

By Aditya Kalra and Munsif Vengattil

NEW DELHI, June 13 (Reuters) - Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed, far above the 2024 average of 50% and a clear sign of Apple's efforts to bypass high U.S. tariffs imposed on China.

The numbers, being reported by Reuters for the first time, show Apple has realigned its India exports to almost exclusively serve the U.S. market, when previously the devices were more widely distributed to countries including the Netherlands, the Czech Republic and Britain.

During March-May, Foxconn exported iPhones worth $3.2 billion from India, with an average 97% shipped to the United States, compared to a 2024 average of 50.3%, according to commercially available customs data seen by Reuters.

India iPhone shipments by Foxconn to the United States in May 2025 were worth nearly $1 billion, the second-highest ever after the record $1.3 billion worth of devices shipped in March, the data showed.

Apple declined to comment, while Foxconn did not respond to a Reuters request for comment.

U.S. President Donald Trump on Wednesday said China will face 55% tariffs after the two countries agreed on a plan, subject to both leaders' approval, to ease levies that had reached triple digits.

India is subject, like most U.S trading partners, to a baseline 10% tariff and is trying to negotiate an agreement to avert a 26% "reciprocal" levy that Trump announced and then paused in April.

Apple's increased production in India drew a strong rebuke from Trump in May. "We are not interested in you building in India, India can take care of themselves, they are doing very well, we want you to build here," Trump recalled telling CEO Tim Cook.

In the first five months of this year, Foxconn has already sent iPhones worth $4.4 billion to the U.S. from India, compared to $3.7 billion in the whole of 2024.

Apple has been taking steps to speed up production from India to bypass tariffs, which would make phones shipped from China to the U.S. much more expensive. In March, it chartered planes to transport iPhone 13, 14, 16 and 16e models worth roughly $2 billion to the United States.

Apple has also lobbied Indian airport authorities to cut the time needed to clear customs at Chennai airport in the southern state of Tamil Nadu from 30 hours to six hours, Reuters has reported. The airport is a key hub for iPhone exports.

"We expect made-in-India iPhones to account for 25% to 30% of global iPhone shipments in 2025, as compared to 18% in 2024," said Prachir Singh, senior analyst at Counterpoint Research.

Tata Electronics, the other smaller Apple iPhone supplier in India, on average shipped nearly 86% of its iPhone production to the U.S. during March and April, customs data showed. Its May data was not available.

The company, part of India's Tata Group, started exporting iPhones only in July 2024, and only 52% of its shipments went to U.S. during 2024, the data showed.

Tata declined to comment on the numbers.

Indian Prime Minister Narendra Modi has in recent years promoted India as a smartphone manufacturing hub, but high duties on importing mobile phone components compared to many other countries means it is still expensive to produce the devices in India.

Apple has historically sold more than 60 million iPhones in the U.S. each year, with roughly 80% made in China.

(Reporting by Aditya Kalra and Munsif Vengattil; Editing by Kate Mayberry and Rachna Uppal)

(([email protected];))

April 22 (Reuters) - India's Tata Communications TATA.NS reported a 15% rise in its fourth-quarter profit on Tuesday, helped by higher demand for its data services.

The firm's consolidated pre-tax profit for the January-to-March quarter rose to 3.36 billion rupees ($39.5 million) from 2.92 billion rupees a year earlier.

Tata Communications, which provides services such as data connections and cybersecurity to enterprises, has been reorganising its structure and monetising non-core assets to sharpen focus on core operations as it seeks a bigger share of the highly competitive market for cloud, networking services, media and entertainment.

These steps "allow us to enter fiscal year 2026 with focus on core and growth capital to invest," CFO Kabir Ahmed Shakir said in an exchange filing.

The firm aims for revenue of 280 billion rupees in its mainstay data services segment in fiscal year 2027, up from 178.98 billion rupees in 2024.

Its revenue from the segment rose 9.8% for the fourth quarter, boosting the topline by 6% to 59.9 billion rupees.

A 16.4% jump in network and transmission-related spending pushed its total expenses up by 6%.

Tata Communications declared a final dividend of 25 rupees per share for the financial year 2025.

Its shares closed 1.6% higher ahead of results.

($1 = 85.1790 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema and Mrigank Dhaniwala)

(([email protected]))

April 2 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS LTD - TC NETHERLANDS APPROVES SHARE REPURCHASE OF €16,718,000

• TATA COMMUNICATIONS LTD - TC NETHERLANDS TO TRANSFER $88,774,518 TO TC SINGAPORE

Source text: ID:nBSEbtpPWt

Further company coverage: TATA.NS

(([email protected];))

March 20 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS - LAUNCHES TATA COMMUNICATIONS VAYU

Source text: ID:nBSE5Km5ZL

Further company coverage: TATA.NS

(([email protected];))

** Tata Communications TATA.NS rises 5% to one-month high of 1,577.75 rupees

** JM Financial initiates with "buy", PT of 2,030 rupees

** Says co gradually transforming into communication tech player by expanding digital portfolio, integrating connectivity with digital services and offering customised and high-value solutions

** Expects data segment EBITDA to grow at compounded rate of 21% over FY24-FY28

** More than 750,000 shares traded, ~2x the six-month avg

** Stock rated "hold" on avg; median PT 1,850 rupees - per data compiled by LSEG

** ICICI Securities double upgraded TATA to "buy" last week on compelling risk-reward after recent drop

** Stock up 17% so far in March, trimming YTD losses to 7%

(Reporting by Vivek Kumar M)

(([email protected];))

March 14 (Reuters) - Tata Communications Ltd TATA.NS:

• APPOINTED N. GANAPATHY SUBRAMANIAM AS CHAIRMAN OF BOARD

Source text: ID:nBSE4zfK4s

Further company coverage: TATA.NS

(([email protected];;))

** Telecommunication services provider Tata Communications' TATA.NS shares rise 8.3% in biggest one-day gain since July 2022, to 1,488.70 rupees

** ICICI Securities double upgrades stock to "buy" from "hold"; raises PT to 1,840 rupees from 1,690 rupees

** Sees strong pile-up of potential deals for co; previously muted order book shows early signs of growth

** Says with Red Sea cable cut issue now behind and double-digit FY25-YTD order book growth, co's data revenue growth will likely swell

** Adds, co also to benefit from adoption of cloud systems and AI

** Avg rating of six analysts, including ICICI, is a "hold"; their median PT is 1850 rupees - data compiled by LSEG

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of Findi FND.AX rise 14.6% to A$4.96, while the broader benchmark index .AXJO was down 1.8%

** Stock hit highest level since Jan. 21

** The financial technology provider says the Reserve Bank of India approves acquisition of Tata Communications' unit, Tata Communications Payment Solutions or Indicash

** Stock down 8.5% this year as of last close

(Reporting by Sherin Sunny in Bengaluru)

(([email protected];))

Jan 22 (Reuters) - India's Tata Communications TATA.NS reported a 3.5% rise in its third-quarter profit on Wednesday, helped by steady demand for its data services.

The firm's consolidated profit before exceptional items and taxes rose to 3.86 billion rupees ($44.71 million) for the three months ended Dec. 31, from 3.73 billion rupees a year ago.

Tata Communications provides services such as data connections and cybersecurity to enterprises.

The company has been focusing on growing its revenue over margins, partly through acquisitions over the past few quarters, as it seeks to grab a bigger share of the highly competitive market for cloud, networking services, media and entertainment.

It posted a nearly 7% fall in profit before exceptional items in the quarter ended Sept. 30.

Revenue from Tata Communications' mainstay data services business - which contributes more than 80% to the total - rose 6.3%.

The company said it aims to hit a revenue of 280 billion rupees in the segment in fiscal 2027 from 178.98 billion rupees in fiscal 2024.

Overall revenue rose 3.8% to 57.98 billion rupees.

Expenses rose 4.2% due to a 10.4% jump in the company's network and transmission-related spending.

Tata Communications approved an investment of $88.8 million in its unit Tata Communications (Netherlands) B.V., it said in its statement.

"Over and above the divestiture of our payment solutions business, we continue to pursue other monetisation opportunities and strategic evaluation of assets," CFO Kabir Ahmed Shakir said.

The company's shares closed 1.1% lower after the results.

($1 = 86.3370 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

(([email protected]))

** Tata Communications TATA.NS rises as much as 4.6% to 1,706.65 rupees

** IT services provider says Jaguar Land Rover Automotive (JLR), owned by Tata Motors TAMO.NS, extends existing partnership with co by using MOVE platform for JLR'S new SUVs

** Adds MOVE will help JLR customers transition between mobile networks and operators for media streaming, software updates

** Stock rated "hold" on avg; median PT is 1,858 rupees - LSEG

** TATA fell 3.8% in 2024

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Dec 23 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS - ISSUED, ALLOTTED COMMERCIAL PAPER OF UPTO 4.85 BILLION RUPEES

Source text: ID:nBSEpfpJh

Further company coverage: TATA.NS

(([email protected];;))

Recasts with branches of cable, comment from NEC

HANOI, Dec 19 (Reuters) - A new undersea fiber-optic cable connecting Japan to Singapore with branches to other Asian countries is ready for operation this month, one of the developers said on Thursday.

The Asia Direct Cable (ADC), which has been under development for years, was inaugurated on Wednesday at a ceremony in Hanoi, Vietnam's capital, Vietnamese military-run telecom company Viettel said.

In addition to Viettel, the 10,000 km-long (6,210 miles) cable, has been developed by SoftBank 9984.T, China Telecom Global, China Telecom Corporation 601728.SS, China Unicom 0762.HK, Singtel STEL.SI, TATA Communications TATA.NS, National Telecom and PLDT TEL.PS, Viettel Solutions - a unit of Viettel - said in a statement.
Japan's NEC 6701.T is the contractor of the project.

The cable will have branches to Thailand, Vietnam, Hong Kong, China and the Philippines.

It will be Vietnam's sixth undersea cable. The country plans to have 15 by 2030.

Last week, Reuters reported another project was being discussed between Vietnamese and Singaporean partners.

ADC will support increasingly bandwidth-intensive applications in the region, said Tomonori Uematsu, NEC's senior vice president.

(Reporting by Phuong Nguyen and Francesco Guarascio; Editing by John Mair and Eileen Soreng)

(([email protected]; [email protected];))

Dec 18 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS - ISSUES, ALLOTS 2.50 BILLION RUPEES COMMERCIAL PAPER

Source text: ID:nNSE8JFw9Q

Further company coverage: TATA.NS

(([email protected];))

Dec 12 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS LTD - ANNOUNCES KALEYRA AI

Source text: ID:nBSE23gHjg

Further company coverage: TATA.NS

(([email protected];))

Nov 15 (Reuters) - Shares of Australia-based Findi FND.AX jumped to a more than two-decade high on Friday, after the fintech services provider said it would acquire Tata Communications' TATA.NS payment solutions unit for A$75.7 million ($48.81 million).

The stock gained as much as 12.2% to A$7.65, its highest level since Sept. 13, 2002, while the benchmark ASX 200 index .AXJO was up 0.53%, as of 0050 GMT.

It has risen 14% in value so far this week and is poised for its best week since mid-October.

The acquisition of Tata Communications Payment Solutions will significantly expand Findi's ATM business, adding 4,600 ATMs and a White Label ATM platform with licence, the Australia-based firm said in a statement, adding that it planned to deploy 3,000 more ATMs.

Findi projects the acquisition to boost cash earnings immediately, forecasting an additional A$28 million-A$30 million in revenue and A$2 million-A$4 million in net profit after taxes within the first year of full ownership.

"The payments platform/switch will enable Findi to connect directly with all integrated payments devices like MicroATMs, biometric payment devices and UPI-based cash withdrawals," the company said.

The acquisition will be financed through existing resources, Findi said, adding that it was awaiting approval from the Reserve Bank of India.

($1 = 1.5509 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru; Editing by Subhranshu Sahu)

(([email protected];))

Nov 13 (Reuters) - Tata Communications Ltd TATA.NS:

• ENTERED INTO AGREEMENT WITH TRANSACTION SOLUTIONS INTERNATIONAL (INDIA)

• AGREEMENT FOR SALE OF ENTIRE STAKE IN TATA COMMUNICATIONS PAYMENT SOLUTIONS

• DEAL FOR 3.3 BILLION RUPEES

Source text: ID:nBSE3XSSpw

Further company coverage: TATA.NS

(([email protected];;))

Oct 24 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS -TATA COMMUNICATIONS UNVEILS AI INFRASTRUCTURE WITH NVIDIA ACCELERATED COMPUTING

• TATA COMMUNICATIONS -FIRST PHASE TO BEGIN AT END OF THIS YEAR

• TATA COMMUNICATIONS - 2ND PHASE WILL EXPAND INFRASTRUCTURE WITH BLACKWELL GPUS

Further company coverage: TATA.NS

(([email protected];))

Corrects paragraph 7 to say Kabir Ahmed Shakir is CFO, not CEO

Oct 17 (Reuters) - India's Tata Communications TATA.NS reported an 18% growth in its second-quarter revenue on Thursday, helped by steady demand for its digital services.

The firm posted revenue of 57.67 billion rupees ($686 million) for the three months ended Sept. 30, as compared to 48.73 billion rupees a year earlier.

Tata Communications provides services such as data connections and cybersecurity to enterprises.

The firm's revenue has been a key metric for investors and analysts in recent quarters as it prioritised revenue growth over margins to strengthen its position in the booming Cloud, networking services, and media and entertainment sectors, partly through acquisitions.

Revenue from Tata Communications' mainstay data services business, which contributes about 84% to the total, rose 21%, driven by a 52% jump in its digital portfolio.

However, a 20% rise in its total expenses, driven mainly by growing network and transmission-related spending, pushed its profit before exceptional items down nearly 7% to 2.78 billion rupees during the quarter, its eighth such decline since late 2022.

"We are executing multiple strategic measures, including land monetisation, which will help us create capacity for future opportunities and reposition our assets to capture medium to long term profitable growth," CFO Kabir Ahmed Shakir said.

The company's shares closed 4.8% lower post its results amid a broader sell-off in the market, which saw the benchmark .NSEI drop nearly 1% on the day.

($1 = 84.0575 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema)

(([email protected]))

Oct 11 (Reuters) -

• NOEL TATA APPOINTED CHAIRMAN OF TATA TRUSTS - CNBC TV18

Source text for Eikon: [ID:]

(([email protected];))

By Tanvi Mehta

NEW DELHI, Oct 10 (Reuters) - Hundreds of people, including corporate leaders, politicians and celebrities, gathered in Mumbai on Thursday to pay their last respects to one of India's most respected business tycoons, Ratan Tata, who died aged 86.

Known for his exemplary business acumen and philanthropic nature, as chairman he led various companies under the Tata conglomerate for more than 20 years, which had revenue of $165 billion in 2023-24.

Although in recent years Tata was not as active in the day-to-day running of the group, he was consulted on big decisions by the Tata Sons leadership, a senior company executive told Reuters.

Tata had been in a Mumbai hospital since Monday, but the cause of his death was not immediately made public.

After his death, tributes poured in from around the world, underlining his popularity that transcended boundaries and generations.

"India and the world have lost a giant with a giant heart," U.S. ambassador to India Eric Garcetti said on X.

"He ... was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better," Google GOOGL.O Chief Executive Sundar Pichai said.

Draped in the Indian national flag, Ratan Tata's body was kept at a cultural centre in Mumbai, and his funeral will be conducted later in the day with full state honours.

India's central bank governor Shaktikanta Das, Tata Sons Chairman N. Chandrasekaran and Aditya Birla Group Chairman Kumar Mangalam Birla were among early visitors to pay their last respects to the Padma Vibhushan awardee - India's second-highest civilian honour.

A licensed pilot who would occasionally fly the company plane, Tata never married and was known for his quiet demeanour, relatively modest lifestyle and philanthropic work.

"We will remember his legacy of transformative giving to Cornell," his alma mater Cornell University said on X, calling Tata their most generous international donor.

(Reporting by Tanvi Mehta; Editing by Michael Perry)

(([email protected]; https://twitter.com/TanviMehta710;))

NEW DELHI, Oct 9 (Reuters) - Ratan Tata, the chairman emeritus of one of India's biggest conglomerates, Tata Sons, is in critical condition and in intensive care in a Mumbai hospital, two sources said on Wednesday.

Tata, 86, said on Monday he was undergoing routine medical investigations due to his age and related medical conditions.

A representative for Tata did not immediately respond to a request for an update on his condition on Wednesday.

(Reporting by Aditya Kalra; Editing by YP Rajesh)

(([email protected];))

Tata Motors Ltd TAMO.NS:

• CHAIRMAN EMERITUS OF INDIA'S TATA GROUP, RATAN TATA SAYS RUMOURS CIRCULATING REGARDING HIS HEALTH ARE UNFOUNDED

Source text for Eikon: [ID:]

Further company coverage: TAMO.NS

Sept 26 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS - TC UK APPROVED REDUCTION OF ISSUED SHARE CAPITAL FROM $12.2 MILLION TO $1.7 MILLION

Source text for Eikon: ID:nBSE1JJYH3

Further company coverage: TATA.NS

(([email protected];))

Sept 19 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS - ISSUED COMMERCIAL PAPER AGGREGATING TO 2.5 BILLION RUPEES

Source text for Eikon: ID:nnAZN28IW0U

Further company coverage: TATA.NS

(([email protected];))

July 25 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS - ISSUED COMMERCIAL PAPER WORTH 3.5 BILLION RUPEES

Further company coverage: TATA.NS

(([email protected];))

BENGALURU, July 18 - India's Tata Communications TATA.NS reported its tenth straight rise in quarterly revenue on Thursday, helped by growth in its digital portfolio segment.

The Tata Group-owned company's revenue rose 18% to 56.33 billion rupees ($673.4 million) for the three months ended June 30.

Tata Communications provides services such as data connections and cybersecurity to enterprises.

Revenue from the data services business, which contributes more than 80% to the total, climbed 20%, on the back of a 52% growth in its digital portfolio.

The company has been focusing on growing its revenue over margins, partly through acquisitions over the past few quarters, as it seeks to grab a bigger share of the highly competitive market for cloud, networking services, media and entertainment.

The company recently reiterated its plans to hit data business revenue of 280 billion rupees in the financial year 2027 from 178.98 billion rupees in FY24.

A 20% rise in expenses pushed the company's net profit down 13% to 3.33 billion rupees.

Its earnings before interest, taxes, depreciation, and amortization (EBITDA) contracted to 20% from 21.5% a year earlier.

The company's shares rose 1.9% to the day's high after the results.

($1 = 83.6479 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Sohini Goswami)

(([email protected];))

July 12 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS - TO CONSIDER RAISE FUNDS VIA ISSUANCE OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE6tQlY2

Further company coverage: TATA.NS

(([email protected];))

June 26 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS LTD - UPDATE ON HIVE-OFF OF COMPANY'S IDENTIFIED NEW EDGED DIGITAL SERVICES BUSINESS TO ITS WHOLLY-OWNED SUBSIDIARY

• TATA COMMUNICATIONS LTD - TRANSFER OF IDENTIFIED BUSINESS UNDERTAKING TO NOVAMESH IS EFFECTIVE FROM APRIL 1, 2024

Source text for Eikon: ID:nBSEb5hyZj

Further company coverage: TATA.NS

(([email protected];;))

June 20 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS LTD - ANZ, DBS BANK & EDC CLOSE MAIDEN SUSTAINABILITY LOAN FOR TATA COMMUNICATIONS

• TATA COMMUNICATIONS - THREE LENDERS WILL JOINTLY FINANCE A FIVE-YEAR USD 250 MILLION FACILITY UNDER TATA COMMUNICATIONS' SUSTAINABILITY-LINKED LOAN FRAMEWORK.

• TATA COMMUNICATIONS - THREE LENDERS WILL JOINTLY FINANCE FIVE-YEAR $250 MILLION FACILITY UNDER CO'S SUSTAINABILITY-LINKED LOAN FRAMEWORK

Source text for Eikon: ID:nBSE7cCFVc

Further company coverage: TATA.NS

(([email protected];))

June 19 (Reuters) - Tata Communications Ltd TATA.NS:

• ISSUED, ALLOTTED COMMERCIAL PAPER AGGREGATING TO 2.5 BILLION RUPEES

Further company coverage: TATA.NS

(([email protected];))