Tata Communications
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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];))
Adds details paragraph 3 onwards
Aug 18 (Reuters) - India's Tata Sons TATO.NS has adjourned its annual general meeting that was scheduled for August 18, a source with direct knowledge of the matter told Reuters on Tuesday.
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 holding company Tata Sons' controlling shareholder.
Tata Trusts set up a selection committee last week to recommend a new chairman for Tata Sons. The trusts hold a controlling stake in Tata Sons and appoint a third of its directors, who have veto powers over key decisions.
Tata Trusts and Tata Sons did not immediately respond to Reuters' requests for comment.
The succession process is one of the most significant decisions facing the 158-year-old conglomerate, whose listed companies have a combined market value of about $277 billion.
Tata Sons is also facing pressure from minority shareholder Shapoorji Pallonji Group to pursue a public listing, an issue on which Tata Trusts and its chairman, Noel Tata, are expected to have significant influence.
(Reporting by Surbhi Misra, Kashish Tandon and Mridula Kumar in Bengaluru; Editing by Rashmi Aich and Ronojoy Mazumdar)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
Adds details paragraph 3 onwards
Aug 18 (Reuters) - India's Tata Sons TATO.NS has adjourned its annual general meeting that was scheduled for August 18, a source with direct knowledge of the matter told Reuters on Tuesday.
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 holding company Tata Sons' controlling shareholder.
Tata Trusts set up a selection committee last week to recommend a new chairman for Tata Sons. The trusts hold a controlling stake in Tata Sons and appoint a third of its directors, who have veto powers over key decisions.
Tata Trusts and Tata Sons did not immediately respond to Reuters' requests for comment.
The succession process is one of the most significant decisions facing the 158-year-old conglomerate, whose listed companies have a combined market value of about $277 billion.
Tata Sons is also facing pressure from minority shareholder Shapoorji Pallonji Group to pursue a public listing, an issue on which Tata Trusts and its chairman, Noel Tata, are expected to have significant influence.
(Reporting by Surbhi Misra, Kashish Tandon and Mridula Kumar 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];))
** Shares of Tata Communications TATA.NS fall as much as 7.6%
** Stock last down 3.4% at 1,756.7 rupees, lowest since May 20
** Co's Q1 consol net profit falls 29.4% to 1.34 billion Indian rupees, hurt by 10.8% rise in expenses
** Q1 consol income from ops rises 10.5% to 65.83 billion rupees
** Stock rated "Buy" on average by 7 analysts; median PT at 2,050 rupees -- LSEG compiled data
** YTD, stock down 3.7%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
** Shares of Tata Communications TATA.NS fall as much as 7.6%
** Stock last down 3.4% at 1,756.7 rupees, lowest since May 20
** Co's Q1 consol net profit falls 29.4% to 1.34 billion Indian rupees, hurt by 10.8% rise in expenses
** Q1 consol income from ops rises 10.5% to 65.83 billion rupees
** Stock rated "Buy" on average by 7 analysts; median PT at 2,050 rupees -- LSEG compiled data
** YTD, stock down 3.7%
(Reporting by Mridula Kumar in Bengaluru)
(([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:
RUPESH CHOKSHI HAS BEEN APPOINTED AS CHIEF TECHNOLOGY OFFICER
RESIGNATION OF GENIUS WONG AS CHIEF TECHNOLOGY OFFICER
CHIEF TECHNOLOGY OFFICER RESIGNATION EFFECTIVE JULY 31, 2026
APPOINTMENT OF VIVEK SRIVASTAVA AS EXECUTIVE VICE PRESIDENT AND BUSINESS HEAD (CLOUD AND CYBERSECURITY SERVICES)
APPOINTMENT OF VIVEK SRIVASTAVA EFFECTIVE AUGUST 17, 2026
Source text: ID:nNSE40Tr1C
Further company coverage: TATA.NS
(([email protected];))
June 30 (Reuters) - Tata Communications Ltd TATA.NS:
RUPESH CHOKSHI HAS BEEN APPOINTED AS CHIEF TECHNOLOGY OFFICER
RESIGNATION OF GENIUS WONG AS CHIEF TECHNOLOGY OFFICER
CHIEF TECHNOLOGY OFFICER RESIGNATION EFFECTIVE JULY 31, 2026
APPOINTMENT OF VIVEK SRIVASTAVA AS EXECUTIVE VICE PRESIDENT AND BUSINESS HEAD (CLOUD AND CYBERSECURITY SERVICES)
APPOINTMENT OF VIVEK SRIVASTAVA EFFECTIVE AUGUST 17, 2026
Source text: ID:nNSE40Tr1C
Further company coverage: TATA.NS
(([email protected];))
Damage from data centre fire among string of Tata headaches
One client says it lost two decades of data
On June 5, Tata unit said business continuity protocols in place
Some Google Cloud issues linked to incident, source says
By Aditya Kalra and Munsif Vengattil
NEW DELHI, June 24 (Reuters) - A fire at a New Delhi data centre owned by Singapore's ST Telemedia and India's Tata Communications TATA.NS caused "extensive damage" to parts of the facility, making data recovery challenging, a Tata letter seen by Reuters shows.
The firm, part of the salt-to-aviation Tata conglomerate, told Indian stock exchanges on June 5 it had activated business continuity protocols to minimise disruptions after an early morning fire at the STT Global Data Centres India facility.
One data centre client, India's Matrix Cellular, which provides international SIM cards, told Reuters it is struggling to recover two decades of data lost in the blaze.
Some of Google Cloud's intermittent network disruptions in India also relate to the incident, a source with direct knowledge of the matter said.
Television news images from inside the facility on the day of the fire showed server racks and electrical infrastructure that appeared to be completely burnt, with ceiling panels collapsed and debris littering the floor.
The fire was "so severe that it caused extensive damage" to parts of the facility and hindered services, Tata Communications unit Novamesh told a client in the June 15 letter, 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," it said in the letter sent to Matrix Cellular and reviewed by Reuters.
Tata Communications and ST Telemedia did not respond to Reuters queries.
GOOGLE, CLIENT WOES
The cause of the fire is not yet clear, and Delhi fire authorities said it occurred 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."
On June 9 Google said on its incidents page "a fire at a third-party data center facility required an emergency power shutdown of networking equipment", without naming Tata.
Google's updates related to the same STT-Tata site, said the source, who sought anonymity as the matter is sensitive.
In its last update on June 23, Google said there was no workaround yet and warned customers they could face latency issues until the facility was fully restored.
Google did not respond to a request for comment.
Another client, Indian internet service provider R2 Net, faces an estimated loss of $2 million as well as the loss of commercial clients from the disruption, said its CEO, Sanjay Singh.
The fire affected "vital tracking data stored in servers and used by law enforcement to monitor illegal internet activity," he told Reuters
A representative of STT Global Data Centres India told R2 Net in a June 23 email, seen by Reuters, that it was running "detailed assessments and commissioned independent technical root cause analysis" of the incident, expected to be completed in five to seven weeks.
Reuters could not identify other affected companies.
Site owner Tata Communications says "300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world’s cloud giants."
'FORCE MAJEURE'
In 2016, ST Telemedia acquired a stake of 74% in Tata Communications' data centre business. Their joint venture now runs 30 data centres in 10 Indian cities.
The fire adds to troubles faced by the Tata group. Tata Electronics recently suffered a "cybersecurity incident" in which a ransomware website posted what it said were documents of its clients Apple and Tesla on the dark web.
Matrix said it lost customer data, usage records and support history as well as billing and vendor-related data in the fire. Matrix said its sales have fallen sharply from disruptions caused by the data centre outage.
"This is clearly an unfortunate force majeure event ... services under the agreements at the data Centre facility have been hindered," Tata unit 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)
((Email: [email protected]; X: @adityakalra;))
Damage from data centre fire among string of Tata headaches
One client says it lost two decades of data
On June 5, Tata unit said business continuity protocols in place
Some Google Cloud issues linked to incident, source says
By Aditya Kalra and Munsif Vengattil
NEW DELHI, June 24 (Reuters) - A fire at a New Delhi data centre owned by Singapore's ST Telemedia and India's Tata Communications TATA.NS caused "extensive damage" to parts of the facility, making data recovery challenging, a Tata letter seen by Reuters shows.
The firm, part of the salt-to-aviation Tata conglomerate, told Indian stock exchanges on June 5 it had activated business continuity protocols to minimise disruptions after an early morning fire at the STT Global Data Centres India facility.
One data centre client, India's Matrix Cellular, which provides international SIM cards, told Reuters it is struggling to recover two decades of data lost in the blaze.
Some of Google Cloud's intermittent network disruptions in India also relate to the incident, a source with direct knowledge of the matter said.
Television news images from inside the facility on the day of the fire showed server racks and electrical infrastructure that appeared to be completely burnt, with ceiling panels collapsed and debris littering the floor.
The fire was "so severe that it caused extensive damage" to parts of the facility and hindered services, Tata Communications unit Novamesh told a client in the June 15 letter, 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," it said in the letter sent to Matrix Cellular and reviewed by Reuters.
Tata Communications and ST Telemedia did not respond to Reuters queries.
GOOGLE, CLIENT WOES
The cause of the fire is not yet clear, and Delhi fire authorities said it occurred 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."
On June 9 Google said on its incidents page "a fire at a third-party data center facility required an emergency power shutdown of networking equipment", without naming Tata.
Google's updates related to the same STT-Tata site, said the source, who sought anonymity as the matter is sensitive.
In its last update on June 23, Google said there was no workaround yet and warned customers they could face latency issues until the facility was fully restored.
Google did not respond to a request for comment.
Another client, Indian internet service provider R2 Net, faces an estimated loss of $2 million as well as the loss of commercial clients from the disruption, said its CEO, Sanjay Singh.
The fire affected "vital tracking data stored in servers and used by law enforcement to monitor illegal internet activity," he told Reuters
A representative of STT Global Data Centres India told R2 Net in a June 23 email, seen by Reuters, that it was running "detailed assessments and commissioned independent technical root cause analysis" of the incident, expected to be completed in five to seven weeks.
Reuters could not identify other affected companies.
Site owner Tata Communications says "300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world’s cloud giants."
'FORCE MAJEURE'
In 2016, ST Telemedia acquired a stake of 74% in Tata Communications' data centre business. Their joint venture now runs 30 data centres in 10 Indian cities.
The fire adds to troubles faced by the Tata group. Tata Electronics recently suffered a "cybersecurity incident" in which a ransomware website posted what it said were documents of its clients Apple and Tesla on the dark web.
Matrix said it lost customer data, usage records and support history as well as billing and vendor-related data in the fire. Matrix said its sales have fallen sharply from disruptions caused by the data centre outage.
"This is clearly an unfortunate force majeure event ... services under the agreements at the data Centre facility have been hindered," Tata unit 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)
((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];))
Jan 21 (Reuters) - India's Tata Communications TATA.NS reported its first profit rise in three quarters on Wednesday, on strong demand for its cloud services and connectivity solutions.
The company also picked Ganesh Lakshminarayanan as managing director and chief executive officer-designate. He will be appointed once regulatory approvals are in place.
Lakshminarayanan is managing director and group vice president for ServiceNow in India and the South Asian Association for Regional Cooperation (SAARC) region, the firm said in a statement.
The Mumbai-based Tata Communications, which offers data connections and cybersecurity to enterprises, said its profit jumped 54.3% on-year to 3.65 billion rupees ($39.8 million) for the three months ended December 31.
Revenue from its mainstay data services business jumped 9.4% to 53.8 billion rupees, boosting overall revenue 6.7% to 61.89 billion rupees.
Tata Communications aims to grow its data business revenue to 280 billion rupees by fiscal year 2028, driven by digital services that it expects will boost future revenue and margins.
It has been reducing its reliance on legacy network services, which continue to face pricing pressure and operational disruptions, while investing in digital infrastructure businesses such as cloud connectivity, cybersecurity, Internet of Things and communication platforms.
The firm also recorded a provision of 609.8 million rupees in the quarter after India notified new labour codes, the country's biggest overhaul of workers' laws in decades.
The codes require employee wages to be at least 50% of cost-to-company, and benefits like provident funds and gratuity to be determined based on wages.
Implemented in November, the new codes have dragged the profit of Indian big tech firms, including Wipro WIPR.NS, TCS TCS.NS and HCLTech HCLT.NS.
($1 = 91.6910 Indian rupees)
(Reporting by Aleef Jahan and Mridula Kumar in Bengaluru; Editing by Harikrishnan Nair)
Jan 21 (Reuters) - India's Tata Communications TATA.NS reported its first profit rise in three quarters on Wednesday, on strong demand for its cloud services and connectivity solutions.
The company also picked Ganesh Lakshminarayanan as managing director and chief executive officer-designate. He will be appointed once regulatory approvals are in place.
Lakshminarayanan is managing director and group vice president for ServiceNow in India and the South Asian Association for Regional Cooperation (SAARC) region, the firm said in a statement.
The Mumbai-based Tata Communications, which offers data connections and cybersecurity to enterprises, said its profit jumped 54.3% on-year to 3.65 billion rupees ($39.8 million) for the three months ended December 31.
Revenue from its mainstay data services business jumped 9.4% to 53.8 billion rupees, boosting overall revenue 6.7% to 61.89 billion rupees.
Tata Communications aims to grow its data business revenue to 280 billion rupees by fiscal year 2028, driven by digital services that it expects will boost future revenue and margins.
It has been reducing its reliance on legacy network services, which continue to face pricing pressure and operational disruptions, while investing in digital infrastructure businesses such as cloud connectivity, cybersecurity, Internet of Things and communication platforms.
The firm also recorded a provision of 609.8 million rupees in the quarter after India notified new labour codes, the country's biggest overhaul of workers' laws in decades.
The codes require employee wages to be at least 50% of cost-to-company, and benefits like provident funds and gratuity to be determined based on wages.
Implemented in November, the new codes have dragged the profit of Indian big tech firms, including Wipro WIPR.NS, TCS TCS.NS and HCLTech HCLT.NS.
($1 = 91.6910 Indian rupees)
(Reporting by Aleef Jahan and Mridula Kumar in Bengaluru; Editing by Harikrishnan Nair)
Jan 16 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES COMMERCIAL PAPER OF 3 BILLION RUPEES
Source text: ID:nNSE7lXchr
Further company coverage: TATA.NS
(([email protected];))
Jan 16 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES COMMERCIAL PAPER OF 3 BILLION RUPEES
Source text: ID:nNSE7lXchr
Further company coverage: TATA.NS
(([email protected];))
** Shares of Tata Communications TATA.NS jump 10% to 1,865 rupees, their biggest pct gain in five years
** At highest level since October, 2024
** More than 285,000 shares traded in seven block deals in the 1,849.8-1,912.1 rupee price range, a premium compared to previous close of 1696.80 rupees - LSEG data
** TATA rises for a sixth straight session, gaining 16.5% in the period
** More than 13 mln shares traded as of 2:50 p.m. IST, 44x their 30-day avg
** Including session's gains, stock up 11% YTD
(Reporting by Nishit Navin in Bengaluru)
** Shares of Tata Communications TATA.NS jump 10% to 1,865 rupees, their biggest pct gain in five years
** At highest level since October, 2024
** More than 285,000 shares traded in seven block deals in the 1,849.8-1,912.1 rupee price range, a premium compared to previous close of 1696.80 rupees - LSEG data
** TATA rises for a sixth straight session, gaining 16.5% in the period
** More than 13 mln shares traded as of 2:50 p.m. IST, 44x their 30-day avg
** Including session's gains, stock up 11% YTD
(Reporting by Nishit Navin in Bengaluru)
Sept 29 (Reuters) - Tata Communications Ltd TATA.NS:
TO POWER INDIA'S GST ECOSYSTEM WITH DIGITAL SOLUTIONS
AWARDED PROJECT FOR DIGITAL INFRASTRUCTURE
Source text: ID:nBSE8y856B
Further company coverage: TATA.NS
(([email protected];;))
Sept 29 (Reuters) - Tata Communications Ltd TATA.NS:
TO POWER INDIA'S GST ECOSYSTEM WITH DIGITAL SOLUTIONS
AWARDED PROJECT FOR DIGITAL INFRASTRUCTURE
Source text: ID:nBSE8y856B
Further company coverage: TATA.NS
(([email protected];;))
** Shares of Tata Communications TATA.NS rise 2% to 1704.50 rupees apiece
** Macquarie reiterates "Outperform", saying that TATA will be a key beneficiary of the surge in data consumption, enterprise migration to cloud and data localization
"As TATA's digital portfolio achieves further scale, we see a sharp turnaround in profitability and return on invested capital (ROIC) over the next three years," Macquarie analysts Aditya Suresh and Baiju Joshi say
** Macquarie's price target on TATA is 2,210 rupees, Street high, implying an upside of 32.4% over the last close
** The average rating of eight analysts tracking TATA is "Buy"; the median price target is 2000 rupees, data compiled by LSEG shows
** TATA shares are down 2% in 2025 so far, underperforming the 2.6% rise in Nifty midcap 100 index .NIFMDCP100, exchange data shows
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Tata Communications TATA.NS rise 2% to 1704.50 rupees apiece
** Macquarie reiterates "Outperform", saying that TATA will be a key beneficiary of the surge in data consumption, enterprise migration to cloud and data localization
"As TATA's digital portfolio achieves further scale, we see a sharp turnaround in profitability and return on invested capital (ROIC) over the next three years," Macquarie analysts Aditya Suresh and Baiju Joshi say
** Macquarie's price target on TATA is 2,210 rupees, Street high, implying an upside of 32.4% over the last close
** The average rating of eight analysts tracking TATA is "Buy"; the median price target is 2000 rupees, data compiled by LSEG shows
** TATA shares are down 2% in 2025 so far, underperforming the 2.6% rise in Nifty midcap 100 index .NIFMDCP100, exchange data shows
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Aug 25 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES 7 BILLION RUPEES COMMERCIAL PAPER
Source text: ID:nBSE7gHWF9
Further company coverage: TATA.NS
(([email protected];))
Aug 25 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES 7 BILLION RUPEES COMMERCIAL PAPER
Source text: ID:nBSE7gHWF9
Further company coverage: TATA.NS
(([email protected];))
Repeats story first published late Monday afternoon
Foxconn's cloud, networking revenue tops consumer electronics for first time
Foxconn's AI server growth driven by early investments
Taiwan tech sector shifts focus from consumer electronics to AI servers
By Wen-Yee Lee
TAIPEI, Aug 18 (Reuters) - Taiwan's Foxconn 2317.TW, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple AAPL.O as it takes advantage of the AI-boom to diversify its income.
Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia NVDA.O, surpassed smart consumer products such as iPhones for the first time in the second quarter, marking the culmination of a shift that began years ago and has swept through Taiwan’s tech industry.
Foxconn's heavy reliance on the smartphone business has long been viewed by investors as a significant risk, as demand growth for new iPhones has gradually weakened since they were first introduced nearly two decades ago, leaving the top iPhone assembler grappling with slowing sales momentum, analysts said.
Wary of the risk, Foxconn Chairman Young Liu has been championing new businesses such as AI servers, electric vehicles and semiconductors since taking the top job in 2019.
While its expansion into EVs and chips has yet to show a meaningful contribution to its topline, Foxconn's success in AI server manufacturing - the company is Nvidia's biggest server maker - is the result of its early bets before the technology was thrust into the limelight with the advent of ChatGPT in late 2022.
Consumer electronics accounted for 35% of Foxconn's total revenue in the second quarter, while cloud and networking business represented 41%. In 2021, consumer electronics represented 54% of its revenue.
The firm's prudent wagers years back helped it cultivate a now-prized relationship with the U.S. AI chip firm and other major AI players, analysts said.
"The company has been in the business for years, meeting higher quality requirements, diversifying assembly and operations across sites, and pursuing vertical integration,” said Ming-Chi Kuo, an analyst at TF International Securities.
Foxconn began producing reference designs for Nvidia’s graphics cards around 2002 and started making general-purpose servers for cloud service providers’ data centres as early as around 2009. Its AI server business with Nvidia is in many ways the culmination of that history, analysts said.
Foxconn says it is now one of the world’s largest suppliers of both general-purpose and AI servers, with a market share of nearly 40% in each.
The company has also shown a willingness to commit investment to a project at an earlier stage than other companies, Kuo said, citing its past investments for Apple and similar moves for Nvidia. “In long-term partnerships, Foxconn is more willing to take the initiative,” he said.
Foxconn's plan to build factories in Houston, Texas — part of Nvidia’s $500 billion U.S. investment plan — and in Mexico to produce AI servers for the U.S. client underscores this strategy, analysts said.
Foxconn now expects its AI server revenue would grow more than 170% in the third quarter year-on-year.
Foxconn and Nvidia declined to comment. Apple did not respond to request for comment.
BROADER SHIFT
The shift at Foxconn mirrors a broader trend in Taiwan’s technology sector, where companies once centred on consumer electronics — such as Foxconn with iPhones, and Quanta Computer 2382.TW and Wistron Corp 3231.TW with notebooks — are now investing heavily in AI servers.
Nvidia partner Wistron’s revenue for January to July rose 92.7%, while Quanta’s grew 65.6% in the same period.
"The monthly sales jump for Taiwan ODMs in the first half of 2025 is evidence of this trend,” said Robert Cheng, head of Asia technology hardware research at BofA Global Research, referring to original design manufacturers like Foxconn that contract manufacture products for their clients.
Their fast transition into AI servers is also the result of Taiwanese tech supply chain working closely with U.S. tech giants on data centre infrastructure work for a decade now, according to Chris Wei, industry consultant at Taiwan’s Market Intelligence & Consulting Institute.
He estimates Taiwan accounts for about 80% of global server shipments and more than 90% of AI servers.
Cheng agrees.
"We think this shift toward AI servers, whatever form it takes, is good for Taiwan’s tech industry," he said, noting Taiwanese firms' ability to rapidly shift to cater to changing needs from their customers.
AI servers emerges as Foxconn's biggest revenue driver https://tmsnrt.rs/4737tYs
(Reporting by Wen-Yee Lee; Editing by Miyoung Kim and Shri Navaratnam)
Repeats story first published late Monday afternoon
Foxconn's cloud, networking revenue tops consumer electronics for first time
Foxconn's AI server growth driven by early investments
Taiwan tech sector shifts focus from consumer electronics to AI servers
By Wen-Yee Lee
TAIPEI, Aug 18 (Reuters) - Taiwan's Foxconn 2317.TW, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple AAPL.O as it takes advantage of the AI-boom to diversify its income.
Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia NVDA.O, surpassed smart consumer products such as iPhones for the first time in the second quarter, marking the culmination of a shift that began years ago and has swept through Taiwan’s tech industry.
Foxconn's heavy reliance on the smartphone business has long been viewed by investors as a significant risk, as demand growth for new iPhones has gradually weakened since they were first introduced nearly two decades ago, leaving the top iPhone assembler grappling with slowing sales momentum, analysts said.
Wary of the risk, Foxconn Chairman Young Liu has been championing new businesses such as AI servers, electric vehicles and semiconductors since taking the top job in 2019.
While its expansion into EVs and chips has yet to show a meaningful contribution to its topline, Foxconn's success in AI server manufacturing - the company is Nvidia's biggest server maker - is the result of its early bets before the technology was thrust into the limelight with the advent of ChatGPT in late 2022.
Consumer electronics accounted for 35% of Foxconn's total revenue in the second quarter, while cloud and networking business represented 41%. In 2021, consumer electronics represented 54% of its revenue.
The firm's prudent wagers years back helped it cultivate a now-prized relationship with the U.S. AI chip firm and other major AI players, analysts said.
"The company has been in the business for years, meeting higher quality requirements, diversifying assembly and operations across sites, and pursuing vertical integration,” said Ming-Chi Kuo, an analyst at TF International Securities.
Foxconn began producing reference designs for Nvidia’s graphics cards around 2002 and started making general-purpose servers for cloud service providers’ data centres as early as around 2009. Its AI server business with Nvidia is in many ways the culmination of that history, analysts said.
Foxconn says it is now one of the world’s largest suppliers of both general-purpose and AI servers, with a market share of nearly 40% in each.
The company has also shown a willingness to commit investment to a project at an earlier stage than other companies, Kuo said, citing its past investments for Apple and similar moves for Nvidia. “In long-term partnerships, Foxconn is more willing to take the initiative,” he said.
Foxconn's plan to build factories in Houston, Texas — part of Nvidia’s $500 billion U.S. investment plan — and in Mexico to produce AI servers for the U.S. client underscores this strategy, analysts said.
Foxconn now expects its AI server revenue would grow more than 170% in the third quarter year-on-year.
Foxconn and Nvidia declined to comment. Apple did not respond to request for comment.
BROADER SHIFT
The shift at Foxconn mirrors a broader trend in Taiwan’s technology sector, where companies once centred on consumer electronics — such as Foxconn with iPhones, and Quanta Computer 2382.TW and Wistron Corp 3231.TW with notebooks — are now investing heavily in AI servers.
Nvidia partner Wistron’s revenue for January to July rose 92.7%, while Quanta’s grew 65.6% in the same period.
"The monthly sales jump for Taiwan ODMs in the first half of 2025 is evidence of this trend,” said Robert Cheng, head of Asia technology hardware research at BofA Global Research, referring to original design manufacturers like Foxconn that contract manufacture products for their clients.
Their fast transition into AI servers is also the result of Taiwanese tech supply chain working closely with U.S. tech giants on data centre infrastructure work for a decade now, according to Chris Wei, industry consultant at Taiwan’s Market Intelligence & Consulting Institute.
He estimates Taiwan accounts for about 80% of global server shipments and more than 90% of AI servers.
Cheng agrees.
"We think this shift toward AI servers, whatever form it takes, is good for Taiwan’s tech industry," he said, noting Taiwanese firms' ability to rapidly shift to cater to changing needs from their customers.
AI servers emerges as Foxconn's biggest revenue driver https://tmsnrt.rs/4737tYs
(Reporting by Wen-Yee Lee; Editing by Miyoung Kim and Shri Navaratnam)
MUMBAI, Aug 6 (Reuters) - India's Tata Communications TATA.NS accepted bids worth 10 billion rupees ($114.02 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.77% on this issue, and had invited commitment bids for the issue earlier in the day, they said.
On July 24, Reuters reported that the company is looking to make a comeback after a gap of two years with a three-year bond issue.
The company did not respond to a Reuters request for comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.7020 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, Aug 6 (Reuters) - India's Tata Communications TATA.NS accepted bids worth 10 billion rupees ($114.02 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.77% on this issue, and had invited commitment bids for the issue earlier in the day, they said.
On July 24, Reuters reported that the company is looking to make a comeback after a gap of two years with a three-year bond issue.
The company did not respond to a Reuters request for comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.7020 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
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Popular questions
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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, Indus Towers, NELCO, D-Link (India). Market Cap of Tata Communications is ₹50,591 Crs. While the median market cap of its peers are ₹10,254 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 2.23 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?
Yes, Tata Communications is expensive. Latest PE of Tata Communications is 53.17, while 3 year average PE is 35.2. Also latest EV/EBITDA of Tata Communications is 12.24 while 3yr average is 12.21.
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 ~11.26% over the last 9yrs while peers have grown at a median rate of 26.66%
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%.