Tata Communications
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Tata Communications announced a planned investment of USD 400-450 million (Rs4,350 crore) to build around 10,000 km of AI-ready long-haul fibre forming an AI super highway linking India's key data-centre corridors. The first phase would cover the Mumbai-Pune-Hyderabad-Chennai route, with later phases extending to Vizag, Bhubaneswar, Jamnagar and GIFT City, adding about 6 Pbps of capacity to a 1.25 Pbps base that is 70-80% utilised during FY30-FY36 and funded from operating cash flows. The company sells core connectivity alongside digital platforms including IZO+ Multi Cloud Network, Edge Distribution, ThreadSpan and Voice AI, with digital revenue of Rs10,621 crore in FY26 exceeding half of data revenue. Revenue was Rs24,803 crore in the year to March, with data services at Rs21,441 crore. Its global fabric spans more than 500,000 km of subsea fibre and 200,000 km of terrestrial fibre and the new network would target hyperscalers, neo-cloud providers and enterprises.
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Tata Communications announced a planned investment of USD 400-450 million (Rs4,350 crore) to build around 10,000 km of AI-ready long-haul fibre forming an AI super highway linking India's key data-centre corridors. The first phase would cover the Mumbai-Pune-Hyderabad-Chennai route, with later phases extending to Vizag, Bhubaneswar, Jamnagar and GIFT City, adding about 6 Pbps of capacity to a 1.25 Pbps base that is 70-80% utilised during FY30-FY36 and funded from operating cash flows. The company sells core connectivity alongside digital platforms including IZO+ Multi Cloud Network, Edge Distribution, ThreadSpan and Voice AI, with digital revenue of Rs10,621 crore in FY26 exceeding half of data revenue. Revenue was Rs24,803 crore in the year to March, with data services at Rs21,441 crore. Its global fabric spans more than 500,000 km of subsea fibre and 200,000 km of terrestrial fibre and the new network would target hyperscalers, neo-cloud providers and enterprises.
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Oct 8 (Reuters) - Tata Communications Ltd TATA.NS:
AIR INDIA AND CO LAUNCH EASYROAM TRAVEL SIM FOR INTERNATIONAL ROAMING
Further company coverage: TATA.NS
(([email protected];))
Oct 8 (Reuters) - Tata Communications Ltd TATA.NS:
AIR INDIA AND CO LAUNCH EASYROAM TRAVEL SIM FOR INTERNATIONAL ROAMING
Further company coverage: TATA.NS
(([email protected];))
By Jayshree P Upadhyay
MUMBAI, Oct 6 (Reuters) - Four trustees of the Tata charities that control the group have accused two fellow trustees of breaking with their long-held opposition to listing Tata Sons, two sources familiar with a letter sent on Monday said, deepening a dispute at the top of the $277 billion Tata empire.
Tata Sons, the holding company of 26 publicly listed Tata Group companies, is at the centre of a dispute with Tata Trusts, which owns 66% of the company.
In the letter to trustees Venu Srinivasan and Vijay Singh, Noel Tata, his son Neville Tata, senior lawyer Darius Khambata and longtime Tata executive Bhaskar Bhat said exploring ways to keep Tata Sons unlisted was consistent with positions previously approved by the seven charitable trusts that control the company, the sources, who read out contents of the letter to Reuters, said.
The letter was dated October 5, they added. The sources declined to be named as the contents of the letter are not public.
Srinivasan and Singh did not immediately respond to text messages seeking comment. A spokesperson for Tata Trusts did not respond to an email seeking comments.
The authors of the letter have argued the issue of keeping Tata Sons unlisted had been debated and endorsed on multiple occasions and said a recent proposal to restructure Tata Sons was being considered after India's central bank rejected the conglomerate's request for an exemption from rules that would require it to list, the two sources said.
"They also said that trust was not interfering in the affairs of Sons and only voicing opinions on company's listing as controlling shareholders," one of the two sources said.
Reuters reported last week that fault lines had emerged among trustees over proposals that could allow Tata Sons to avoid a stock market listing, while separate complaints have also raised broader governance concerns within the trusts.
(Reporting by Jayshree P Upadhyay; Editing by Nivedita Bhattacharjee)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
By Jayshree P Upadhyay
MUMBAI, Oct 6 (Reuters) - Four trustees of the Tata charities that control the group have accused two fellow trustees of breaking with their long-held opposition to listing Tata Sons, two sources familiar with a letter sent on Monday said, deepening a dispute at the top of the $277 billion Tata empire.
Tata Sons, the holding company of 26 publicly listed Tata Group companies, is at the centre of a dispute with Tata Trusts, which owns 66% of the company.
In the letter to trustees Venu Srinivasan and Vijay Singh, Noel Tata, his son Neville Tata, senior lawyer Darius Khambata and longtime Tata executive Bhaskar Bhat said exploring ways to keep Tata Sons unlisted was consistent with positions previously approved by the seven charitable trusts that control the company, the sources, who read out contents of the letter to Reuters, said.
The letter was dated October 5, they added. The sources declined to be named as the contents of the letter are not public.
Srinivasan and Singh did not immediately respond to text messages seeking comment. A spokesperson for Tata Trusts did not respond to an email seeking comments.
The authors of the letter have argued the issue of keeping Tata Sons unlisted had been debated and endorsed on multiple occasions and said a recent proposal to restructure Tata Sons was being considered after India's central bank rejected the conglomerate's request for an exemption from rules that would require it to list, the two sources said.
"They also said that trust was not interfering in the affairs of Sons and only voicing opinions on company's listing as controlling shareholders," one of the two sources said.
Reuters reported last week that fault lines had emerged among trustees over proposals that could allow Tata Sons to avoid a stock market listing, while separate complaints have also raised broader governance concerns within the trusts.
(Reporting by Jayshree P Upadhyay; Editing by Nivedita Bhattacharjee)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
Sept 29 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUED COMMERCIAL PAPER AGGREGATING TO 5.5 BILLION RUPEES
Source text: [ID:]
Further company coverage: TATA.NS
(([email protected];))
Sept 29 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUED COMMERCIAL PAPER AGGREGATING TO 5.5 BILLION RUPEES
Source text: [ID:]
Further company coverage: TATA.NS
(([email protected];))
Tata boardroom clash prompts India Inc rethink of shareholder protections
Founders, investors reviewing veto rights, affirmative voting clauses
Lawyers, directors, governance experts describe rush to tighten pacts
Tata Trusts owns 66% of Tata Sons but holds only two of six board seats
By Jayshree P Upadhyay and Arpan Chaturvedi
MUMBAI, Sept 25 (Reuters) - A boardroom rupture at India's Tata Sons, where the controlling charity arm says it is unable to assert its rights, is rippling across India Inc, with founders and investors studying the fine print of their shareholder pacts to avoid the same fate.
The 158-year-old electronics-to-retail Tata empire operates in over 100 countries. It owns brands like Air India, Tetley tea and Jaguar Land Rover, runs Indian joint ventures with Starbucks and Inditex's Zara, and makes parts for Tesla and Apple, so the fight for control has ramifications well beyond India.
This month, the six-member board of Tata Sons, the group's holding company, reappointed chairman N. Chandrasekaran despite objections from the Noel Tata-led Tata Trusts, the charity arm that owns 66% of the conglomerate. During the September 17 meeting, the charity's boss Noel Tata also argued against Tata Sons' potential stock market listing, but the board overruled him.
The charity has publicly lashed out, saying the internal governance rules explicitly state that Noel Tata's lone vote against any key decision is enough to sink it. Tata Sons disagrees, saying Noel lacked the support of the other trust nominee, and so the decision was taken on the basis of a simple majority.
The governance clash is raising the alarm among Indian companies about how far a board can go to overrule a majority shareholder.
Strategic investors, company owners and directors in sectors such as manufacturing, steel and textiles are reviewing their shareholder agreements to check they have enough protection to prevail if a boardroom battle erupts, according to nine lawyers and board directors.
"We have received multiple queries from business families and founders on the issue related to the management versus owners debate," said Rajesh Narain Gupta, chairman of law firm SNG & Partners.
"It has raised a sense of insecurity and fear among owners."
In one case, a Delhi-based lawyer who specialises in mergers and acquisitions, who spoke on condition of anonymity, said an Indian manufacturer and its European joint-venture partner were close to signing off on a shareholder agreement when the investor called a halt citing the Tata dispute, asking for extra safeguards.
The lawyer declined to name the companies due to confidentiality concerns.
The current dispute has prompted strategic investors and private equity funds who have veto rights in a company to check if they can be diluted if the boards read governance frameworks differently, said Parag Bhide, partner at Indian law firm Aquilaw.
"The question clients are asking is whether a board can proceed with a decision first and leave the shareholder to seek remedies later," said Indian M&A lawyer Nitin Potdar, who has previously advised the Tata Group.
"Will the owner be the one who then has to run around for remedies?"
UNIQUE STRUCTURE
Founded by Jamsetji Tata in 1868, the Tata Group is made up of 31 companies which had revenues of over $180 billion last year. The group's principal holding company is called Tata Sons, and 66% of its equity share capital is held by the philanthropic arm, Tata Trusts.
Before becoming head of Tata Trusts, Noel Tata, who is the half-brother of family patriarch Ratan Tata who died in 2024, built Tata's retail and trading businesses.
Tata Sons' stated governance philosophy, published on its website, holds that companies must be run "not merely in the interests of their owners" but also for employees, customers, the local community and the country.
To be sure, Tata's unique governance structure and the principles behind it are the exception to most Indian companies. And this is not the first time it has led to high-profile conflicts — in 2016, the then chairman was sacked after he fell out with Ratan Tata over corporate governance issues, triggering years of legal disputes.
"The stand-off at Tata Sons is a result of the Tata Trusts’ limited board representation (of two members)," said Umakanth Varottil, a professor at the National University of Singapore who specialises in corporate law and governance.
"That combination of majority ownership, limited board representation and divided nominee directors is unlikely to be replicated in many companies," he added.
(Editing by Aditya Kalra and Christian Schmollinger)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
Tata boardroom clash prompts India Inc rethink of shareholder protections
Founders, investors reviewing veto rights, affirmative voting clauses
Lawyers, directors, governance experts describe rush to tighten pacts
Tata Trusts owns 66% of Tata Sons but holds only two of six board seats
By Jayshree P Upadhyay and Arpan Chaturvedi
MUMBAI, Sept 25 (Reuters) - A boardroom rupture at India's Tata Sons, where the controlling charity arm says it is unable to assert its rights, is rippling across India Inc, with founders and investors studying the fine print of their shareholder pacts to avoid the same fate.
The 158-year-old electronics-to-retail Tata empire operates in over 100 countries. It owns brands like Air India, Tetley tea and Jaguar Land Rover, runs Indian joint ventures with Starbucks and Inditex's Zara, and makes parts for Tesla and Apple, so the fight for control has ramifications well beyond India.
This month, the six-member board of Tata Sons, the group's holding company, reappointed chairman N. Chandrasekaran despite objections from the Noel Tata-led Tata Trusts, the charity arm that owns 66% of the conglomerate. During the September 17 meeting, the charity's boss Noel Tata also argued against Tata Sons' potential stock market listing, but the board overruled him.
The charity has publicly lashed out, saying the internal governance rules explicitly state that Noel Tata's lone vote against any key decision is enough to sink it. Tata Sons disagrees, saying Noel lacked the support of the other trust nominee, and so the decision was taken on the basis of a simple majority.
The governance clash is raising the alarm among Indian companies about how far a board can go to overrule a majority shareholder.
Strategic investors, company owners and directors in sectors such as manufacturing, steel and textiles are reviewing their shareholder agreements to check they have enough protection to prevail if a boardroom battle erupts, according to nine lawyers and board directors.
"We have received multiple queries from business families and founders on the issue related to the management versus owners debate," said Rajesh Narain Gupta, chairman of law firm SNG & Partners.
"It has raised a sense of insecurity and fear among owners."
In one case, a Delhi-based lawyer who specialises in mergers and acquisitions, who spoke on condition of anonymity, said an Indian manufacturer and its European joint-venture partner were close to signing off on a shareholder agreement when the investor called a halt citing the Tata dispute, asking for extra safeguards.
The lawyer declined to name the companies due to confidentiality concerns.
The current dispute has prompted strategic investors and private equity funds who have veto rights in a company to check if they can be diluted if the boards read governance frameworks differently, said Parag Bhide, partner at Indian law firm Aquilaw.
"The question clients are asking is whether a board can proceed with a decision first and leave the shareholder to seek remedies later," said Indian M&A lawyer Nitin Potdar, who has previously advised the Tata Group.
"Will the owner be the one who then has to run around for remedies?"
UNIQUE STRUCTURE
Founded by Jamsetji Tata in 1868, the Tata Group is made up of 31 companies which had revenues of over $180 billion last year. The group's principal holding company is called Tata Sons, and 66% of its equity share capital is held by the philanthropic arm, Tata Trusts.
Before becoming head of Tata Trusts, Noel Tata, who is the half-brother of family patriarch Ratan Tata who died in 2024, built Tata's retail and trading businesses.
Tata Sons' stated governance philosophy, published on its website, holds that companies must be run "not merely in the interests of their owners" but also for employees, customers, the local community and the country.
To be sure, Tata's unique governance structure and the principles behind it are the exception to most Indian companies. And this is not the first time it has led to high-profile conflicts — in 2016, the then chairman was sacked after he fell out with Ratan Tata over corporate governance issues, triggering years of legal disputes.
"The stand-off at Tata Sons is a result of the Tata Trusts’ limited board representation (of two members)," said Umakanth Varottil, a professor at the National University of Singapore who specialises in corporate law and governance.
"That combination of majority ownership, limited board representation and divided nominee directors is unlikely to be replicated in many companies," he added.
(Editing by Aditya Kalra and Christian Schmollinger)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
Tata is India's most storied conglomerate
Jaguar Land Rover, Air India among Tata's top businesses
Tata charity arm at odds with board of India's Tata Sons
Chandrasekaran joined Tatas in 1987, faces many challenges
By Abhijith Ganapavaram
NEW DELHI, Sept 18 (Reuters) - The quiet Tata Group insider was on his way out. Now Natarajan Chandrasekaran has agreed to five more years running India's largest conglomerate, backed by its board but facing opposition from the philanthropies that control it.
The board of Tata Sons, the group's holding company, voted to give the 63-year-old a third five-year term as chairman after he reversed last month's decision to leave when his tenure expires in February 2027.
Noel Tata, chairman of Tata Trusts and a leading member of the conglomerate's founding family, cast the only vote against. The Trusts, which hold 66% of Tata Sons, called the resolution a "legal nullity".
Besides the clash with Noel Tata, Chandrasekaran stays on with plenty to resolve: a fight over whether Tata Sons must list, a proposed $2.6 billion stake sale by a minority shareholder in the holding company, combined annual losses of $2.33 billion at Air India Group and a downturn at automaker Jaguar Land Rover.
At the same time, Tata is expanding its electronics and semiconductor businesses, with Apple and Tesla among its clients and billions of dollars committed to chipmaking.
But his biggest challenge remains the open rupture between the Tata Sons board and the Trusts that control it, creating uncertainty over the relationship between the company and its largest shareholder.
"ALL-OUT WAR AT TATA," read a front-page headline of India's top business daily, the Economic Times, on Friday.
"For everything else he (Chandrasekaran) can put the right people, but this he has to solve himself," a senior Tata executive told Reuters, declining to be named as the matter is sensitive.
Chandra, as he's called in India's business circles, "has an ability to understand strategic issues across different businesses and makes decisions quickly. He is also very good at empowering managing directors and CEOs," the executive added.
The group has been in such crises before. In 2016, Tata Sons abruptly ousted then-chairman Cyrus Mistry after he fell out with group patriarch Ratan Tata over governance issues, setting off years of litigation over his removal and Tata Sons' governance.
IMPATIENT 'CHANDRA'
Chandrasekaran grew up in Mohanur, a village in Tamil Nadu, one of six children, and attended a Tamil-language government school. He joined Tata Consultancy Services (TCS) in 1987 and has spent his entire corporate career at the group.
Before he took charge at TCS in 2009, rivals and insiders saw him as a backroom operator, strong on technology but low on charisma, and doubted his quiet manner would win over overseas clients.
He, however, embraced the role and under his leadership, TCS became India's most valuable company.
Chandrasekaran was picked to run Tata Sons in January 2017, becoming its first chairman from outside the small Parsi Zoroastrian community to which the Tatas belong.
"I was a very impatient guy in the early days," he said in a 2018 interview with The Week magazine, crediting long-distance running with making him more patient and observant.
He also built a reputation for detail and a prodigious memory. Former colleagues have described an executive who could move from the broad direction of the business to the minutiae of individual client pitches, but gave them room to operate.
A DIFFERENT TEST
In his nine years at the top of Tata Sons, the combined market capitalisation of Tata companies rose to $277 billion by March 31 this year from $76 billion when he became chairman in 2017.
Chandrasekaran was picked for the post by Ratan Tata, the group's former chairman and longtime patriarch, who died in 2024. Noel Tata, Ratan's half-brother, was appointed chairman of Tata Trusts.
Since then, disagreements have emerged over some of Tata's biggest issues. Air India is among them. Tata Sons bought the airline back from the government in January 2022, and mounting losses at the carrier have been among the issues on which Chandrasekaran and the Trusts have clashed.
Noel Tata has said he believes Chandrasekaran's earlier decision to leave should stand. Chandrasekaran himself has not publicly responded to the Trusts' criticism and has so far stayed silent on the dispute.
Last month, hours after announcing he would not seek reappointment, Chandrasekaran addressed employees at a town hall at Bombay House, the group's Mumbai headquarters. He said he could not have dreamt where his career had taken him, but that all careers come to an end.
He left the room to applause. Five weeks later, on September 17, he agreed to stay.
(Reporting by Abhijith Ganapavaram; Editing by Aditya Kalra and Raju Gopalakrishnan)
((Email: [email protected]; Mobile: +91-9019785574;))
Tata is India's most storied conglomerate
Jaguar Land Rover, Air India among Tata's top businesses
Tata charity arm at odds with board of India's Tata Sons
Chandrasekaran joined Tatas in 1987, faces many challenges
By Abhijith Ganapavaram
NEW DELHI, Sept 18 (Reuters) - The quiet Tata Group insider was on his way out. Now Natarajan Chandrasekaran has agreed to five more years running India's largest conglomerate, backed by its board but facing opposition from the philanthropies that control it.
The board of Tata Sons, the group's holding company, voted to give the 63-year-old a third five-year term as chairman after he reversed last month's decision to leave when his tenure expires in February 2027.
Noel Tata, chairman of Tata Trusts and a leading member of the conglomerate's founding family, cast the only vote against. The Trusts, which hold 66% of Tata Sons, called the resolution a "legal nullity".
Besides the clash with Noel Tata, Chandrasekaran stays on with plenty to resolve: a fight over whether Tata Sons must list, a proposed $2.6 billion stake sale by a minority shareholder in the holding company, combined annual losses of $2.33 billion at Air India Group and a downturn at automaker Jaguar Land Rover.
At the same time, Tata is expanding its electronics and semiconductor businesses, with Apple and Tesla among its clients and billions of dollars committed to chipmaking.
But his biggest challenge remains the open rupture between the Tata Sons board and the Trusts that control it, creating uncertainty over the relationship between the company and its largest shareholder.
"ALL-OUT WAR AT TATA," read a front-page headline of India's top business daily, the Economic Times, on Friday.
"For everything else he (Chandrasekaran) can put the right people, but this he has to solve himself," a senior Tata executive told Reuters, declining to be named as the matter is sensitive.
Chandra, as he's called in India's business circles, "has an ability to understand strategic issues across different businesses and makes decisions quickly. He is also very good at empowering managing directors and CEOs," the executive added.
The group has been in such crises before. In 2016, Tata Sons abruptly ousted then-chairman Cyrus Mistry after he fell out with group patriarch Ratan Tata over governance issues, setting off years of litigation over his removal and Tata Sons' governance.
IMPATIENT 'CHANDRA'
Chandrasekaran grew up in Mohanur, a village in Tamil Nadu, one of six children, and attended a Tamil-language government school. He joined Tata Consultancy Services (TCS) in 1987 and has spent his entire corporate career at the group.
Before he took charge at TCS in 2009, rivals and insiders saw him as a backroom operator, strong on technology but low on charisma, and doubted his quiet manner would win over overseas clients.
He, however, embraced the role and under his leadership, TCS became India's most valuable company.
Chandrasekaran was picked to run Tata Sons in January 2017, becoming its first chairman from outside the small Parsi Zoroastrian community to which the Tatas belong.
"I was a very impatient guy in the early days," he said in a 2018 interview with The Week magazine, crediting long-distance running with making him more patient and observant.
He also built a reputation for detail and a prodigious memory. Former colleagues have described an executive who could move from the broad direction of the business to the minutiae of individual client pitches, but gave them room to operate.
A DIFFERENT TEST
In his nine years at the top of Tata Sons, the combined market capitalisation of Tata companies rose to $277 billion by March 31 this year from $76 billion when he became chairman in 2017.
Chandrasekaran was picked for the post by Ratan Tata, the group's former chairman and longtime patriarch, who died in 2024. Noel Tata, Ratan's half-brother, was appointed chairman of Tata Trusts.
Since then, disagreements have emerged over some of Tata's biggest issues. Air India is among them. Tata Sons bought the airline back from the government in January 2022, and mounting losses at the carrier have been among the issues on which Chandrasekaran and the Trusts have clashed.
Noel Tata has said he believes Chandrasekaran's earlier decision to leave should stand. Chandrasekaran himself has not publicly responded to the Trusts' criticism and has so far stayed silent on the dispute.
Last month, hours after announcing he would not seek reappointment, Chandrasekaran addressed employees at a town hall at Bombay House, the group's Mumbai headquarters. He said he could not have dreamt where his career had taken him, but that all careers come to an end.
He left the room to applause. Five weeks later, on September 17, he agreed to stay.
(Reporting by Abhijith Ganapavaram; Editing by Aditya Kalra and Raju Gopalakrishnan)
((Email: [email protected]; Mobile: +91-9019785574;))
Sept 17 (Reuters) - India's Tata Trusts said on Thursday it has not agreed to the listing of Tata Sons and asked the conglomerate's holding company to explore all available options other than a public listing.
Earlier in the day, Reuters reported that the board of Tata Sons said it would consider a listing, after the Reserve Bank of India rejected its request for an exemption from rules requiring it to list.
(Reporting by Nishit Navin; Editing by Shilpi Majumdar)
(([email protected];))
Sept 17 (Reuters) - India's Tata Trusts said on Thursday it has not agreed to the listing of Tata Sons and asked the conglomerate's holding company to explore all available options other than a public listing.
Earlier in the day, Reuters reported that the board of Tata Sons said it would consider a listing, after the Reserve Bank of India rejected its request for an exemption from rules requiring it to list.
(Reporting by Nishit Navin; Editing by Shilpi Majumdar)
(([email protected];))
Sept 15 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - ISSUES COMMERCIAL PAPER TOTALING 4 BILLION RUPEES
Source text: ID:nBSESnPyx
Further company coverage: TATA.NS
(([email protected];))
Sept 15 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - ISSUES COMMERCIAL PAPER TOTALING 4 BILLION RUPEES
Source text: ID:nBSESnPyx
Further company coverage: TATA.NS
(([email protected];))
Aug 25 (Reuters) - Tata Motors Passenger Vehicles Ltd TAMO.NS:
TATA COMMUNICATIONS - PARTNERS WITH TATA MOTORS PASSENGER VEHICLES FOR SOFTWARE-DEFINED VEHICLE DEPLOYMENT
Source text: ID:nnAZN4TG4PW
Further company coverage: TAMO.NS
(([email protected];))
Aug 25 (Reuters) - Tata Motors Passenger Vehicles Ltd TAMO.NS:
TATA COMMUNICATIONS - PARTNERS WITH TATA MOTORS PASSENGER VEHICLES FOR SOFTWARE-DEFINED VEHICLE DEPLOYMENT
Source text: ID:nnAZN4TG4PW
Further company coverage: TAMO.NS
(([email protected];))
Aug 19 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - ISSUES AND ALLOTS COMMERCIAL PAPER OF 2.50 BILLION RUPEES
Source text: ID:nNSEc9c0md
Further company coverage: TATA.NS
(([email protected];))
Aug 19 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - ISSUES AND ALLOTS COMMERCIAL PAPER OF 2.50 BILLION RUPEES
Source text: ID:nNSEc9c0md
Further company coverage: TATA.NS
(([email protected];))
Aug 18 (Reuters) - India's Tata Sons TATO.NS has deferred its annual general meeting which was supposed to be held on August 18, CNBC-TV18 reported on Tuesday, citing sources.
The postponement comes days after Chairman N. Chandrasekaran said he would not seek reappointment when his term ends in February 2027, following months of disagreements with Tata Trusts, the group's controlling shareholder.
(Reporting by Surbhi Misra and Kashish Tandon in Bengaluru; Editing by Rashmi Aich and Ronojoy Mazumdar)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Aug 18 (Reuters) - India's Tata Sons TATO.NS has deferred its annual general meeting which was supposed to be held on August 18, CNBC-TV18 reported on Tuesday, citing sources.
The postponement comes days after Chairman N. Chandrasekaran said he would not seek reappointment when his term ends in February 2027, following months of disagreements with Tata Trusts, the group's controlling shareholder.
(Reporting by Surbhi Misra and Kashish Tandon in Bengaluru; Editing by Rashmi Aich and Ronojoy Mazumdar)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Rewrites, adds details
Aug 13 (Reuters) - A panel will recommend the next chairman of India's largest conglomerate Tata Sons, the charitable arm that controls the group said on Thursday, a day after N. Chandrasekaran said he would not seek reappointment at the end of his term in February.
The Sir Dorabji Tata Trust, part of Tata Trusts and one of the two principal charitable trusts that own Tata Sons, has passed a resolution to initiate the setting up of a selection committee "as soon as possible", Tata Trusts said in a statement.
The Sir Dorabji Tata Trust and the Sir Ratan Tata Trust collectively owned more than 50% of Tata Sons as of March 31, according to the Tata Sons annual report.
"We extend our full support to Tata Sons in ensuring a smooth, timely and orderly transition of leadership, consistent with the values and long-term interests of Tata Sons and the Tata group," Tata Trusts said.
Earlier this year, Tata Sons — which controls more than 30 Tata companies, including IT firm TCS TCS.NS, Tata Motors TAMO.NS and Air India — postponed a decision on reappointing Chandrasekaran as chairman after Noel Tata, chairman of Tata Trusts, opposed the move.
Chandrasekaran cited the lack of board backing as the reason for his departure.
(Reporting by Surbhi Misra and Abinaya V in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Rewrites, adds details
Aug 13 (Reuters) - A panel will recommend the next chairman of India's largest conglomerate Tata Sons, the charitable arm that controls the group said on Thursday, a day after N. Chandrasekaran said he would not seek reappointment at the end of his term in February.
The Sir Dorabji Tata Trust, part of Tata Trusts and one of the two principal charitable trusts that own Tata Sons, has passed a resolution to initiate the setting up of a selection committee "as soon as possible", Tata Trusts said in a statement.
The Sir Dorabji Tata Trust and the Sir Ratan Tata Trust collectively owned more than 50% of Tata Sons as of March 31, according to the Tata Sons annual report.
"We extend our full support to Tata Sons in ensuring a smooth, timely and orderly transition of leadership, consistent with the values and long-term interests of Tata Sons and the Tata group," Tata Trusts said.
Earlier this year, Tata Sons — which controls more than 30 Tata companies, including IT firm TCS TCS.NS, Tata Motors TAMO.NS and Air India — postponed a decision on reappointing Chandrasekaran as chairman after Noel Tata, chairman of Tata Trusts, opposed the move.
Chandrasekaran cited the lack of board backing as the reason for his departure.
(Reporting by Surbhi Misra and Abinaya V in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
July 28 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - CO AND TATA TELE BUSINESS SERVICES TO BRING UNIFIED AI INFRASTRUCTURE TO INDIA’S SMB ECONOMY
Source text: ID:nnAZN4TA7XS
Further company coverage: TATA.NS
(([email protected];))
July 28 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - CO AND TATA TELE BUSINESS SERVICES TO BRING UNIFIED AI INFRASTRUCTURE TO INDIA’S SMB ECONOMY
Source text: ID:nnAZN4TA7XS
Further company coverage: TATA.NS
(([email protected];))
July 22 (Reuters) - Tata Communications Ltd TATA.NS:
JUNE-QUARTER CONSOL NET PROFIT 1.34 BILLION RUPEES
JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 65.83 BILLION RUPEES
Source text: ID:nnAZN4T9BI0
Further company coverage: TATA.NS
(([email protected];))
July 22 (Reuters) - Tata Communications Ltd TATA.NS:
JUNE-QUARTER CONSOL NET PROFIT 1.34 BILLION RUPEES
JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 65.83 BILLION RUPEES
Source text: ID:nnAZN4T9BI0
Further company coverage: TATA.NS
(([email protected];))
By Abhirami G
July 2 (Reuters) - A consortium including Microsoft MSFT.O and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world's fastest-growing data markets.
The consortium, whose other members include Tata Communications TATA.NS, Singapore Telecommunications STEL.SI, Singapore's ASEAN Cableship and Japan's NEC Corporation, will construct the I-2SEA cable to support AI, cloud and hyperscale workloads, the companies said on Thursday.
They did not provide additional details including the investment size.
The network will span 3,600 km and have landing stations in Machilipatnam in the southern Indian state of Andhra Pradesh, where Meta META.O and Alphabet GOOGL.O have announced data centers.
The cable is expected to be operational in the fourth quarter of 2029, Lightstorm Group CEO and Managing Director Amajit Gupta told Reuters in an interview.
The I Squared-backed company currently connects 19 AI and cloud zones across India through terrestrial fiber cable networks, with the new network expected to bring this number up to 29, Gupta said.
India's operational data center capacity could double from the current 1.4 gigawatts by 2027, based on projects under construction, and increase five-fold by 2030 if planned projects are fast-tracked, Macquarie Equity Research said in a report last October.
Undersea cables carry roughly 95% of the world's internet traffic. India currently has 17 active submarine cables with a maximum potential capacity of 960 terabits per second, and at least 10 more have been publicly announced, according to TeleGeography, a telecommunications research firm.
Separately, Lightstorm plans to list in India in mid-2027, Gupta said, without disclosing any other details. The company was seeking a valuation of up to $1.5 billion in March, according to a media report.
(Reporting by Abhirami G in Bengaluru; editing by Chandini Monnappa and Sonia Cheema)
By Abhirami G
July 2 (Reuters) - A consortium including Microsoft MSFT.O and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world's fastest-growing data markets.
The consortium, whose other members include Tata Communications TATA.NS, Singapore Telecommunications STEL.SI, Singapore's ASEAN Cableship and Japan's NEC Corporation, will construct the I-2SEA cable to support AI, cloud and hyperscale workloads, the companies said on Thursday.
They did not provide additional details including the investment size.
The network will span 3,600 km and have landing stations in Machilipatnam in the southern Indian state of Andhra Pradesh, where Meta META.O and Alphabet GOOGL.O have announced data centers.
The cable is expected to be operational in the fourth quarter of 2029, Lightstorm Group CEO and Managing Director Amajit Gupta told Reuters in an interview.
The I Squared-backed company currently connects 19 AI and cloud zones across India through terrestrial fiber cable networks, with the new network expected to bring this number up to 29, Gupta said.
India's operational data center capacity could double from the current 1.4 gigawatts by 2027, based on projects under construction, and increase five-fold by 2030 if planned projects are fast-tracked, Macquarie Equity Research said in a report last October.
Undersea cables carry roughly 95% of the world's internet traffic. India currently has 17 active submarine cables with a maximum potential capacity of 960 terabits per second, and at least 10 more have been publicly announced, according to TeleGeography, a telecommunications research firm.
Separately, Lightstorm plans to list in India in mid-2027, Gupta said, without disclosing any other details. The company was seeking a valuation of up to $1.5 billion in March, according to a media report.
(Reporting by Abhirami G in Bengaluru; editing by Chandini Monnappa and Sonia Cheema)
Tata Communications announced a series of changes in its senior management team on June 30, 2026. Sivasamban Natarajan retired as Executive Vice President and Head of Operations effective June 30, and Genius Wong resigned as Executive Vice President for Core and Next-Gen Connectivity Services and Chief Technology Officer, with effect from July 31. The company appointed Rupesh Chokshi as Executive Vice President and Global Business Head – Network Services, who will also succeed Wong as Chief Technology Officer, effective August 1. Chokshi joins from Akamai Technologies, where he was Senior Vice President and General Manager of Application Security, and previously held senior roles at AT&T. Vivek Srivastava has been appointed Executive Vice President and Business Head of Cloud and Cyber Security Services, starting August 17; he most recently served as Country Manager for Fortinet India & SAARC. Both leaders will join the Global Management Committee and report to CEO Ganesh Lakshminarayanan.
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Tata Communications announced a series of changes in its senior management team on June 30, 2026. Sivasamban Natarajan retired as Executive Vice President and Head of Operations effective June 30, and Genius Wong resigned as Executive Vice President for Core and Next-Gen Connectivity Services and Chief Technology Officer, with effect from July 31. The company appointed Rupesh Chokshi as Executive Vice President and Global Business Head – Network Services, who will also succeed Wong as Chief Technology Officer, effective August 1. Chokshi joins from Akamai Technologies, where he was Senior Vice President and General Manager of Application Security, and previously held senior roles at AT&T. Vivek Srivastava has been appointed Executive Vice President and Business Head of Cloud and Cyber Security Services, starting August 17; he most recently served as Country Manager for Fortinet India & SAARC. Both leaders will join the Global Management Committee and report to CEO Ganesh Lakshminarayanan.
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June 30 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - ANNOUNCES STRATEGIC SUBSEA CABLE INVESTMENTS BETWEEN INDIA AND SINGAPORE
Source text: ID:nBSE2qf7cR
Further company coverage: TATA.NS
(([email protected];))
June 30 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - ANNOUNCES STRATEGIC SUBSEA CABLE INVESTMENTS BETWEEN INDIA AND SINGAPORE
Source text: ID:nBSE2qf7cR
Further company coverage: TATA.NS
(([email protected];))
Damage from data centre fire among string of Tata headaches
One client says it lost more than two decades of data
On June 5, Tata unit said business continuity plans in place
Some Google Cloud issues linked to incident, source says
Adds Tata Communications statement in paragraph 11
By Aditya Kalra and Munsif Vengattil
NEW DELHI, June 24 (Reuters) - A fire at a New Delhi data centre used by global tech firms has left some customers fearing the loss of decades of data and caused network disruptions for Google Cloud services in India, according to a company letter and sources.
The blaze at the STT Global Data Centres India facility, owned by Singapore's ST Telemedia and India's Tata Communications TATA.NS, caused "extensive damage" to parts of the site, making data recovery difficult, a Tata Communications unit said in a letter to a client seen by Reuters.
The firm, part of the salt-to-aviation Tata conglomerate, told Indian stock exchanges on June 5 it had activated business continuity plans to limit disruption after an early morning fire at the facility.
One client, Matrix Cellular, an Indian company that sells international SIM cards, told Reuters it was struggling to recover more than two decades of data lost in the incident.
Some of Google Cloud's intermittent network disruptions in India are also linked to the fire, a source with direct knowledge of the matter said.
Television footage from inside the facility on the day of the fire showed server racks and electrical infrastructure that appeared to be completely burned, with collapsed ceiling panels and debris strewn across the floor.
The fire was "so severe that it caused extensive damage" and hindered services, Tata Communications unit Novamesh said in the June 15 letter to Matrix Cellular, which has not previously been reported.
"Despite our ongoing best efforts to recover the data, the severity of the damage ... presents significant challenges to the recovery of the affected data and systems," the letter said.
STT Global Data Centres India said in a statement it was supporting affected customers, including by moving them to alternate capacity where possible, and that an "independent technical root cause analysis is underway".
The firm's initial assessment indicated the impact was limited to a single data hall and associated infrastructure, with the rest of the facility continuing to operate, it added.
Tata Communications said in a statement it had restored the services of all customers "who had subscribed for recovery and backup services", adding that further efforts were "being pursued to the extent possible."
GOOGLE, CLIENT WOES
The cause of the fire remains unclear, though Delhi fire authorities said it broke out in lithium battery units.
"Matrix has potentially lost access to over 20 years of accumulated operational and business data stored in the affected Tata data centre," CEO Gaurav Khanna told Reuters.
"It's been 20 days and they have not restored backup. If there is a backup it should have been restored by now."
Google said on its incidents page on June 9 that "a fire at a third-party data center facility required an emergency power shutdown of networking equipment", without naming Tata.
The incident referred to the same STT-Tata site, the source said, requesting anonymity as the matter is sensitive.
In its latest update on June 23, Google said there was still no workaround and warned customers of possible latency issues until the facility is fully restored.
Google did not respond to a request for comment.
Another client, Indian internet service provider R2 Net, faces estimated losses of $2 million and the potential loss of customers due to the disruption, its CEO, Sanjay Singh, said.
The fire affected "vital tracking data stored in servers and used by law enforcement to monitor illegal internet activity," he told Reuters.
In a June 23 email seen by Reuters, STT Global Data Centres India told R2 Net that a detailed assessment and independent technical root cause analysis was under way and expected to take five to seven weeks.
Reuters could not identify other affected companies.
Tata Communications says 300 Fortune 500 companies are among its clients and that it connects businesses to 80% of the world's cloud giants.
'FORCE MAJEURE'
ST Telemedia acquired a 74% stake in Tata Communications' data centre business in 2016. Their joint venture now runs 30 data centres in 10 Indian cities.
The fire adds to challenges for the Tata group. Tata Electronics recently disclosed a cybersecurity incident after a ransomware website published what it said were client documents linked to Apple and Tesla on the dark web.
Matrix said it lost customer data, usage records, support history, and billing and vendor-related data in the fire, adding that sales have fallen sharply due to the outage.
"This is clearly an unfortunate force majeure event ... services under the agreements at the data centre facility have been hindered," Novamesh said in its letter. "The position continues to be assessed."
The data centre had a "state-of-the-art fire protection and suppression system," the joint venture says on its website.
(Reporting by Aditya Kalra and Munsif Vengattil. Editing by Tony Munroe, Clarence Fernandez and Mark Potter)
((Email: [email protected]; X: @adityakalra;))
Damage from data centre fire among string of Tata headaches
One client says it lost more than two decades of data
On June 5, Tata unit said business continuity plans in place
Some Google Cloud issues linked to incident, source says
Adds Tata Communications statement in paragraph 11
By Aditya Kalra and Munsif Vengattil
NEW DELHI, June 24 (Reuters) - A fire at a New Delhi data centre used by global tech firms has left some customers fearing the loss of decades of data and caused network disruptions for Google Cloud services in India, according to a company letter and sources.
The blaze at the STT Global Data Centres India facility, owned by Singapore's ST Telemedia and India's Tata Communications TATA.NS, caused "extensive damage" to parts of the site, making data recovery difficult, a Tata Communications unit said in a letter to a client seen by Reuters.
The firm, part of the salt-to-aviation Tata conglomerate, told Indian stock exchanges on June 5 it had activated business continuity plans to limit disruption after an early morning fire at the facility.
One client, Matrix Cellular, an Indian company that sells international SIM cards, told Reuters it was struggling to recover more than two decades of data lost in the incident.
Some of Google Cloud's intermittent network disruptions in India are also linked to the fire, a source with direct knowledge of the matter said.
Television footage from inside the facility on the day of the fire showed server racks and electrical infrastructure that appeared to be completely burned, with collapsed ceiling panels and debris strewn across the floor.
The fire was "so severe that it caused extensive damage" and hindered services, Tata Communications unit Novamesh said in the June 15 letter to Matrix Cellular, which has not previously been reported.
"Despite our ongoing best efforts to recover the data, the severity of the damage ... presents significant challenges to the recovery of the affected data and systems," the letter said.
STT Global Data Centres India said in a statement it was supporting affected customers, including by moving them to alternate capacity where possible, and that an "independent technical root cause analysis is underway".
The firm's initial assessment indicated the impact was limited to a single data hall and associated infrastructure, with the rest of the facility continuing to operate, it added.
Tata Communications said in a statement it had restored the services of all customers "who had subscribed for recovery and backup services", adding that further efforts were "being pursued to the extent possible."
GOOGLE, CLIENT WOES
The cause of the fire remains unclear, though Delhi fire authorities said it broke out in lithium battery units.
"Matrix has potentially lost access to over 20 years of accumulated operational and business data stored in the affected Tata data centre," CEO Gaurav Khanna told Reuters.
"It's been 20 days and they have not restored backup. If there is a backup it should have been restored by now."
Google said on its incidents page on June 9 that "a fire at a third-party data center facility required an emergency power shutdown of networking equipment", without naming Tata.
The incident referred to the same STT-Tata site, the source said, requesting anonymity as the matter is sensitive.
In its latest update on June 23, Google said there was still no workaround and warned customers of possible latency issues until the facility is fully restored.
Google did not respond to a request for comment.
Another client, Indian internet service provider R2 Net, faces estimated losses of $2 million and the potential loss of customers due to the disruption, its CEO, Sanjay Singh, said.
The fire affected "vital tracking data stored in servers and used by law enforcement to monitor illegal internet activity," he told Reuters.
In a June 23 email seen by Reuters, STT Global Data Centres India told R2 Net that a detailed assessment and independent technical root cause analysis was under way and expected to take five to seven weeks.
Reuters could not identify other affected companies.
Tata Communications says 300 Fortune 500 companies are among its clients and that it connects businesses to 80% of the world's cloud giants.
'FORCE MAJEURE'
ST Telemedia acquired a 74% stake in Tata Communications' data centre business in 2016. Their joint venture now runs 30 data centres in 10 Indian cities.
The fire adds to challenges for the Tata group. Tata Electronics recently disclosed a cybersecurity incident after a ransomware website published what it said were client documents linked to Apple and Tesla on the dark web.
Matrix said it lost customer data, usage records, support history, and billing and vendor-related data in the fire, adding that sales have fallen sharply due to the outage.
"This is clearly an unfortunate force majeure event ... services under the agreements at the data centre facility have been hindered," Novamesh said in its letter. "The position continues to be assessed."
The data centre had a "state-of-the-art fire protection and suppression system," the joint venture says on its website.
(Reporting by Aditya Kalra and Munsif Vengattil. Editing by Tony Munroe, Clarence Fernandez and Mark Potter)
((Email: [email protected]; X: @adityakalra;))
June 5 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - REPORTS FIRE INCIDENT AT LEASED PREMISES IN NEW DELHI
TATA COMMUNICATIONS - FIRE BROUGHT UNDER CONTROL WITH NO LOSS OF LIFE
TATA COMMUNICATIONS - ACTIVATES BUSINESS CONTINUITY PROTOCOLS TO MAINTAIN SERVICE
Source text: ID:nNSE3tWzcK
Further company coverage: TATA.NS
(([email protected];))
June 5 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - REPORTS FIRE INCIDENT AT LEASED PREMISES IN NEW DELHI
TATA COMMUNICATIONS - FIRE BROUGHT UNDER CONTROL WITH NO LOSS OF LIFE
TATA COMMUNICATIONS - ACTIVATES BUSINESS CONTINUITY PROTOCOLS TO MAINTAIN SERVICE
Source text: ID:nNSE3tWzcK
Further company coverage: TATA.NS
(([email protected];))
April 27 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES AND ALLOTS COMMERCIAL PAPER OF 7.50 BILLION RUPEES
Source text: ID:nNSEbxtgyZ
Further company coverage: TATA.NS
(([email protected];;))
April 27 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES AND ALLOTS COMMERCIAL PAPER OF 7.50 BILLION RUPEES
Source text: ID:nNSEbxtgyZ
Further company coverage: TATA.NS
(([email protected];;))
**Shares of Tata Communications TATA.NS rise as much as 2.61% to 1,554.80 rupees; last up 0.5%
**Communication technology firm posts 9.4% rise in fourth-quarter revenue; profit dips to 2.63 billion rupees ($27.94 million) from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary
**CLSA retains "outperform" on TATA, citing robust growth commentary by new CEO and upside from the potential STT GDC India IPO ahead; hikes PT to 2280 rupees from 2165 rupees
**Centrum Broking ("Neutral; PT: 1,525 rupees) says co's performance was driven by strong momentum in data and digital businesses
**Digital segment now accounts for 50%+ of data revenues, reinforcing shift to higher-value platform offerings; broad-based growth improves visibility - brokerage
**Centrum sees revenue growing at a CAGR of 8.9% over FY26-FY28E
($1 = 94.1350 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
**Shares of Tata Communications TATA.NS rise as much as 2.61% to 1,554.80 rupees; last up 0.5%
**Communication technology firm posts 9.4% rise in fourth-quarter revenue; profit dips to 2.63 billion rupees ($27.94 million) from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary
**CLSA retains "outperform" on TATA, citing robust growth commentary by new CEO and upside from the potential STT GDC India IPO ahead; hikes PT to 2280 rupees from 2165 rupees
**Centrum Broking ("Neutral; PT: 1,525 rupees) says co's performance was driven by strong momentum in data and digital businesses
**Digital segment now accounts for 50%+ of data revenues, reinforcing shift to higher-value platform offerings; broad-based growth improves visibility - brokerage
**Centrum sees revenue growing at a CAGR of 8.9% over FY26-FY28E
($1 = 94.1350 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
April 22 (Reuters) - India's Tata Communications TATA.NS reported a 9.4% rise in fourth-quarter revenue on Wednesday, supported by demand for cloud infrastructure and high-bandwidth cable services housed under its data services unit.
Revenue from its mainstay data services business rose 11.5% to 56.84 billion rupees ($606 million), boosting overall revenue to 65.54 billion rupees.
Profit dipped to 2.63 billion rupees for the three-month period ended March 31 from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary.
"This quarter, we had some interesting deal wins around network transformation, multi-cloud connectivity and employee interaction capabilities for enabling global capability centres", CEO-designate Ganesh Lakshminarayanan said.
Peers Reliance Jio RELI.NS and Bharti Airtel BRTI.NS, whose enterprise businesses form a smaller part compared with their core telecom services, will report fourth-quarter results on Friday and next week, respectively.
($1 = 93.7950 Indian rupees)
(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Sherry Jacob-Phillips)
April 22 (Reuters) - India's Tata Communications TATA.NS reported a 9.4% rise in fourth-quarter revenue on Wednesday, supported by demand for cloud infrastructure and high-bandwidth cable services housed under its data services unit.
Revenue from its mainstay data services business rose 11.5% to 56.84 billion rupees ($606 million), boosting overall revenue to 65.54 billion rupees.
Profit dipped to 2.63 billion rupees for the three-month period ended March 31 from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary.
"This quarter, we had some interesting deal wins around network transformation, multi-cloud connectivity and employee interaction capabilities for enabling global capability centres", CEO-designate Ganesh Lakshminarayanan said.
Peers Reliance Jio RELI.NS and Bharti Airtel BRTI.NS, whose enterprise businesses form a smaller part compared with their core telecom services, will report fourth-quarter results on Friday and next week, respectively.
($1 = 93.7950 Indian rupees)
(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Sherry Jacob-Phillips)
April 13 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- A. S. LAKSHMINARAYANAN HAS RETIRED AS THE MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Further company coverage: TATA.NS
(([email protected];))
April 13 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- A. S. LAKSHMINARAYANAN HAS RETIRED AS THE MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Further company coverage: TATA.NS
(([email protected];))
April 9 (Reuters) - Tata Consultancy Services Ltd TCS.NS:
TCS EXEC: SHIFT FROM EXPERIMENTATION TO SCALED AI DEPLOYMENT SHOWED MARKED IMPROVEMENT IN FY26
TCS EXEC: SEE COLLABORATION WITH TATA POWER, TATA COMMUNICATIONS TO SCALE DATA CENTRE BUSINESS
Source text: [ID:]
Further company coverage: TCS.NS
(([email protected];))
April 9 (Reuters) - Tata Consultancy Services Ltd TCS.NS:
TCS EXEC: SHIFT FROM EXPERIMENTATION TO SCALED AI DEPLOYMENT SHOWED MARKED IMPROVEMENT IN FY26
TCS EXEC: SEE COLLABORATION WITH TATA POWER, TATA COMMUNICATIONS TO SCALE DATA CENTRE BUSINESS
Source text: [ID:]
Further company coverage: TCS.NS
(([email protected];))
March 27 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES AND ALLOTS COMMERCIAL PAPER TOTALING 7.50 BILLION RUPEES
Source text: ID:nNSE2RZ0N2
Further company coverage: TATA.NS
(([email protected];))
March 27 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES AND ALLOTS COMMERCIAL PAPER TOTALING 7.50 BILLION RUPEES
Source text: ID:nNSE2RZ0N2
Further company coverage: TATA.NS
(([email protected];))
March 18 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- JOINT VENTURE AGREEMENT EXECUTED BETWEEN TATA COMMUNICATIONS (HONG KONG) AND SHANGHAI RUNSHENGTONG MANAGEMENT CONSULTING CO
Source text: ID:nNSE7fxjKL
Further company coverage: TATA.NS
(([email protected];))
March 18 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- JOINT VENTURE AGREEMENT EXECUTED BETWEEN TATA COMMUNICATIONS (HONG KONG) AND SHANGHAI RUNSHENGTONG MANAGEMENT CONSULTING CO
Source text: ID:nNSE7fxjKL
Further company coverage: TATA.NS
(([email protected];))
Feb 23 (Reuters) - Tata Communications Ltd TATA.NS:
CO AND RAILTEL COLLABORATE ON INDIA'S DIGITAL INFRASTRUCTURE
ASSOCIATION TO MODERNIZE NETWORK INFRASTRUCTURE AND CYBER PROTECTION
Source text: ID:nNSE7MxcFt
Further company coverage: TATA.NS
(([email protected];))
Feb 23 (Reuters) - Tata Communications Ltd TATA.NS:
CO AND RAILTEL COLLABORATE ON INDIA'S DIGITAL INFRASTRUCTURE
ASSOCIATION TO MODERNIZE NETWORK INFRASTRUCTURE AND CYBER PROTECTION
Source text: ID:nNSE7MxcFt
Further company coverage: TATA.NS
(([email protected];))
Adds details of partnership, background on data centre spending
NEW DELHI, Feb 19 (Reuters) - OpenAI will become the first customer of India's Tata Consultancy Services' data centre business, beginning with 100 megawatts of capacity, part of the global AI infrastructure initiative Stargate, the companies said.
Stargate is a $500 billion multi-year initiative to build AI data centres for training and inference, backed by major investors.
The deal is a major boost for TCS, which in a strategic shift last year disclosed plans to invest up to $7 billion in a 1 gigawatt data centre unit in India.
India has seen a surge in big-ticket AI infrastructure spending, with global players like Google GOOGL.O, Amazon AMZN.O, Meta Platforms META.O, and Microsoft MSFT.O, ramping up investments along with domestic companies such as Reliance RELI.NS, and Adani Group ADEL.NS.
Under a separate partnership, TCS parent Tata Group also plans to deploy ChatGPT Enterprise across the company over the next several years, starting with hundreds of thousands of employees. OpenAI is the parent company of ChatGPT.
India now has more than 100 million weekly ChatGPT users, OpenAI said.
(Reporting by Munsif Vengattil in New Delhi; Editing by Raju Gopalakrishnan)
(([email protected];))
Adds details of partnership, background on data centre spending
NEW DELHI, Feb 19 (Reuters) - OpenAI will become the first customer of India's Tata Consultancy Services' data centre business, beginning with 100 megawatts of capacity, part of the global AI infrastructure initiative Stargate, the companies said.
Stargate is a $500 billion multi-year initiative to build AI data centres for training and inference, backed by major investors.
The deal is a major boost for TCS, which in a strategic shift last year disclosed plans to invest up to $7 billion in a 1 gigawatt data centre unit in India.
India has seen a surge in big-ticket AI infrastructure spending, with global players like Google GOOGL.O, Amazon AMZN.O, Meta Platforms META.O, and Microsoft MSFT.O, ramping up investments along with domestic companies such as Reliance RELI.NS, and Adani Group ADEL.NS.
Under a separate partnership, TCS parent Tata Group also plans to deploy ChatGPT Enterprise across the company over the next several years, starting with hundreds of thousands of employees. OpenAI is the parent company of ChatGPT.
India now has more than 100 million weekly ChatGPT users, OpenAI said.
(Reporting by Munsif Vengattil in New Delhi; Editing by Raju Gopalakrishnan)
(([email protected];))
Feb 10 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - APPOINTS SIDDHARTHA MUNDRA AS CFO - DESIGNATE
TATA COMMUNICATIONS LTD - KABIR AHMED SHAKIR TO CEASE AS CFO EFFECTIVE APRIL 30, 2026
Source text: ID:nNSE5bbNR6
Further company coverage: TATA.NS
(([email protected];))
Feb 10 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - APPOINTS SIDDHARTHA MUNDRA AS CFO - DESIGNATE
TATA COMMUNICATIONS LTD - KABIR AHMED SHAKIR TO CEASE AS CFO EFFECTIVE APRIL 30, 2026
Source text: ID:nNSE5bbNR6
Further company coverage: TATA.NS
(([email protected];))
Feb 3 (Reuters) - Tata Communications Ltd TATA.NS:
KABIR AHMED SHAKIR RESIGNS AS CFO
Source text: ID:nNSE9Wt08Q
Further company coverage: TATA.NS
(([email protected];))
Feb 3 (Reuters) - Tata Communications Ltd TATA.NS:
KABIR AHMED SHAKIR RESIGNS AS CFO
Source text: ID:nNSE9Wt08Q
Further company coverage: TATA.NS
(([email protected];))
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What does Tata Communications do?
Tata Communications is a digital ecosystem enabler that powers fast-growing digital economy. Its comprehensive portfolio spans next-generation connectivity, cloud services, customer interaction solutions, IoT, media services and cybersecurity, all underpinned by its robust global network infrastructure. The company’s digital fabric of solutions integrates advanced platforms, tools and technologies to simplify complexities and help enterprises unlock new possibilities in a rapidly evolving digital landscape.
Who are the competitors of Tata Communications?
Tata Communications major competitors are HFCL, Black Box, Tejas Networks, Avantel, NELCO, Valiant Communicatns, D-Link (India). Market Cap of Tata Communications is ₹48,144 Crs. While the median market cap of its peers are ₹3,991 Crs.
Is Tata Communications financially stable compared to its competitors?
Tata Communications seems to be less financially stable compared to its competitors. Altman Z score of Tata Communications is 2.17 and is ranked 7 out of its 8 competitors.
Does Tata Communications pay decent dividends?
The company seems to pay a good stable dividend. Tata Communications latest dividend payout ratio is 49.8% and 3yr average dividend payout ratio is 45.92%
How has Tata Communications allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Tata Communications balance sheet?
Balance sheet of Tata Communications is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Tata Communications improving?
No, profit is decreasing. The profit of Tata Communications is ₹906 Crs for TTM, ₹1,002 Crs for Mar 2026 and ₹1,836 Crs for Mar 2025.
Is the debt of Tata Communications increasing or decreasing?
The net debt of Tata Communications is decreasing. Latest net debt of Tata Communications is ₹9,214 Crs as of Mar-26. This is less than Mar-25 when it was ₹9,705 Crs.
Is Tata Communications stock expensive?
Tata Communications is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Tata Communications is 50.8, while 3 year average PE is 35.56. Also latest EV/EBITDA of Tata Communications is 11.79 while 3yr average is 12.24.
Has the share price of Tata Communications grown faster than its competition?
Tata Communications has given lower returns compared to its competitors. Tata Communications has grown at ~10.65% over the last 9yrs while peers have grown at a median rate of 28.17%
Is the promoter bullish about Tata Communications?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Tata Communications is 58.86% and last quarter promoter holding is 58.86%.
Are mutual funds buying/selling Tata Communications?
The mutual fund holding of Tata Communications is decreasing. The current mutual fund holding in Tata Communications is 16.3% while previous quarter holding is 16.73%.