STLTECH

** Shares of Sterlite Technologies STTE.NS fall 3.8% to 82.5 rupees

** Network solutions provider's CFO Tushar Shroff resigns

** Co is in process of appointing new CFO

** More than 2 mln shares traded, 1.5x the 30-day avg

** Stock trading below 50-, 100-, 200- day moving avgs

** Stock has shed 25% this year, on top of a ~20% decline in 2024

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

March 7 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• TUSHAR SHROFF RESIGNS AS CFO OF STERLITE TECHNOLOGIES

Source text: ID:nBSE8dcKvJ

Further company coverage: STTE.NS

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Feb 19 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• STERLITE TECHNOLOGIES - NCLT APPROVES DEMERGER OF STERLITE TECHNOLOGIES, STL NETWORKS

Source text: ID:nBSE4C20c6

Further company coverage: STTE.NS

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Jan 17 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• STERLITE TECHNOLOGIES DEC-QUARTER CONSOL NET LOSS 240 MILLION RUPEES

• STERLITE TECHNOLOGIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.61 BILLION RUPEES

Source text: ID:nBSE1TrZCP

Further company coverage: STTE.NS

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Nov 29 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• STERLITE TECHNOLOGIES - ARBITRATOR AWARDED 159 MILLION RUPEES IN FAVOR OF CO

Further company coverage: STTE.NS

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** Shares of Sterlite Technologies Ltd STTE.NS rise as much as 6.2% to 129.70 rupees

** Network solutions provider says it emerged as L1 bidder - co offering the lowest price in a bidding - for a contract from BSNL worth 16.25 bln rupees ($192.6 mln)

** Stock on track to gain for 2nd straight week, if gains hold; up 8% so far this week

** More than 3.9 mln shares traded as of 10:21 a.m. IST, vs their 30-day moving avg of over 2.1 mln shares

** STTE last up 5.7%; cuts YTD losses to 9.6%

($1 = 84.3675 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Oct 30 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• SEPT-QUARTER CONSOL NET LOSS 140 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 14.13 BILLION RUPEES

Source text: ID:nNSEx9H9X

Further company coverage: STTE.NS

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Oct 17 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• EMBEDS NVIDIA EDGE AI INTO ITS FIBRE OPTICS SENSING SOLUTION

Source text for Eikon: ID:nBSENR8dY

Further company coverage: STTE.NS

(([email protected];))

Oct 16 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• FORAYS INTO AI-LED DATA CENTRES SEGMENT WITH INTEGRATED OPTICAL PORTFOLIO

Source text for Eikon: ID:nBSE34HGdd

Further company coverage: STTE.NS

(([email protected];))

Oct 15 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• INVESTMENT OF 500 MILLION RUPEES TO ESTABLISH FIBRE SKILLING TRAINING CENTRE

Source text for Eikon: ID:nBSE2sVvTs

Further company coverage: STTE.NS

(([email protected];;))

** Shares of Sterlite Technologies STTE.NS rise as much as 3.4% to 132.90 rupees

** Optical and digital solutions firm says it has launched microcable with 180-micron fibre

** Adds, this cable can be deployed in 8mm microducts using air-blowing techniques, reducing installation time and cost

** Avg rating of three analysts equivalent of "hold", median PT is 164 rupees - LSEG data

** Stock down 9.5% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

The following factors could affect Italian markets on Tuesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on IT/DIA.

POLITICS

Italy's Foreign Minister Antonio Tajani said in a joint statement with the Swiss foreign ministry on Monday that the two countries shared deep concern over Russia's aggression in Ukraine, but that Moscow should be present at the next peace summit.

COMPANIES

(*) TELECOM ITALIA TLIT.MI, INWIT INWT.MI

Telecom Italia (TIM) TLIT.MI said it signed off the sale of its residual indirect stake in Italy's top telecoms tower company INWIT INWT.MI to a consortium led by French infrastructure fund Ardian for 250 million euros.

PRYSMIAN PRY.MI

The cablemaker on Monday was awarded about $96 million by a U.S. court in its trade secrets case against India's Sterlite Technologies STTE.NS, which allegedly possessed information regarding clients, products, and Prysmian's manufacturing facilities expansion.

Funds advised by U.S. financial services company Fidelity held a 4.78% stake in the world's largest cable maker as of Aug. 6, a regulatory filing by Italy's market watchdog Consob showed on Monday.

MONTE DEI PASCHI BMPS.MI

The European Central Bank on July 26 issued the final report to participants in its 2024 cyber resiliency stress tests, the Tuscan bank said in its semi-annual report on Monday.

After being selected to take part in the assessment of banks' operational resiliency in the event of a major cyber attack, Monte dei Paschi said it took action in the first half to strengthen its resilience and comply with new DORA regulation by the end of the year.

LOTTOMATICA LTMC.MI

Berenberg said on Tuesday it started coverage of the gambling group with a "Buy" rating and a target price of 16.20 euros ($17.72).

AMPLIFON AMPF.MI

The hearing aid maker is studying new acquisitions and aims to extend its network to 10,000 stores worldwide from its current 9,900, la Repubblica reported on Tuesday. One of the initiatives to reach its goal is to convert stores of its Bay Audio brand in Australian shopping centres, initially in Sidney, the report added.

Milan Stock Exchange After Hours market closed.

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For Italian market data and news, click on codes in
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20 biggest gainers (in percentage).............PG.MI

20 biggest losers (in percentage)..............PL.MI

FTSE IT allshare index .FTITLMS

FTSE Mib index........ .FTMIB

FTSE Allstars index... .FTSTAR

FTSE Mid Cap index.... .FTITMC

Block trades.......... .BLK.MI

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in
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European Equities speed guide...................EUR/EQUITY

FTSEurofirst 300 index...............................FTEU3

DJ STOXX index.......................................STOXX

Top 10 STOXX sectors............................PGL.STOXXS

Top 10 EUROSTOXX sectors.......................PGL.STOXXES

Top 10 Eurofirst 300 sectors....................PGL.FTEU3S

Top 25 European pct gainers........................PG.PEUR

Top 25 European pct losers.........................PL.PEUR

Main stock markets:

Dow Jones................DJI Wall Street report ......N

Nikkei 225..............N225 Tokyo report.............T

FTSE 100................FTSE London report............L

Xetra DAX..............GDAXI Frankfurt market stories.F

CAC-40..................FCHI Paris market stories....PA

World Indices.....................................0#.INDEX

Reuters survey of world bourse outlook.........EQUITYPOLL1

Western European IPO diary..........................WEUIPO

European Asset Allocation........................EUR/ASSET

Reuters News at a Glance: Equities...............TOP/EQE

Main currency report:...............................FRX/

($1 = 0.9141 euros)

** Shares of Sterlite Technologies STTE.NS fall 2.4% to 136.11 rupees

** Co said over weekend, a U.S. District Court awarded $96.5 mln against co's unit in a case related to violation of some confidentiality agreements

** Unit will file appeal

** Stk down 3.9% YTD

(Reporting by Vijay Malkar)

(([email protected];))

July 30 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• JUNE-QUARTER CONSOL NET LOSS 480 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.18 BILLION RUPEES

Further company coverage: STTE.NS

(([email protected];;))

July 24 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• EXTENDED PARTNERSHIP WITH NETOMNIA

Source text for Eikon: ID:nBSE3tz9wZ

Further company coverage: STTE.NS

(([email protected];))

July 12 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• STERLITE TECHNOLOGIES - CROSSES MILESTONE TOWARDS ITS GLOBAL SERVICES BUSINESS DEMERGER

• STERLITE TECHNOLOGIES - APPROVAL PAVES WAY FOR SHARES OF NEW BUSINESS TO BE LISTED SEPARATELY

• STERLITE TECHNOLOGIES - APPROVAL FROM SHAREHOLDERS, SECURED, UNSECURED CREDITORS FOR DEMERGER

Source text for Eikon: ID:nBSE4qqg2x

Further company coverage: STTE.NS

(([email protected];))

June 13 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• UNDER AGREEMENT FOR SUPPLY OF A TURNKEY SOLUTION TO DATA MANAGEMENT CENTRE, PRODUCT COMPONENT WAS SUPPLIED BY CO

• DMC IS CLAIMING $2.7 MILLION AS DAMAGES FOR LOSSES INCURRED DUE TO DELAYS AND FAILURE TO PERFORM OBLIGATIONS UNDER AGREEMENT

• CO WILL DEFEND THIS CLAIM AND WILL ALSO RAISE COUNTERCLAIMS FOR OUTSTANDING AND OVERDUE PAYMENTS

  
  

  
  

  Further company coverage: STTE.NS

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May 14 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• STERLITE TECHNOLOGIES LTD - ANNOUNCES STRATEGIC PARTNERSHIP WITH DU, FROM EMIRATES INTEGRATED TELECOMMUNICATIONS COMPANY

Source text for Eikon: ID:nBSENPvfN

Further company coverage: STTE.NS

(([email protected];))

** Shares of Sterlite Technologies STTE.NS down as much as 4.8% at 125.25 rupees, last down 4.2%

** Network solutions firm reported a consolidated net loss of 820 mln rupees ($9.8 mln) for the March-qtr, compared to a profit of 650 mln rupees a year earlier

** Revenue from ops fell 39% to 11.40 bln rupees

** More than 5.6 mln shares change hands as of 2:18 p.m. IST, 0.8x 30-day average

** STTE on track for a fourth consecutive session of losses, if trend holds

** Including session's move, stock is down 11.8% YTD

($1 = 83.5009 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of Sterlite Technologies STTE.NS rise as much as 6.3% to 139.2 rupees; last up 3.4%

** Data network tech co unveils U.S.-made fiber optic solutions

** STTE set to rise for a fourth straight session if gains hold

** Stock also on track to snap two straight months of losses

** Trading volume slightly over 30-day daily avg

** Stock down ~5% so far in 2024, after losing 18.7% in 2023

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected] ;))

April 16 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• RAISED 10 BILLION RUPEES THROUGH A QUALIFIED INSTITUTIONAL PLACEMENT ROUTE

• MONEY RAISED THROUGH QIP WILL BE UTILISED TOWARDS STRENGTHENING BALANCE SHEET

Further company coverage: STTE.NS

(([email protected];))

** Shares of data network solutions provider Sterlite Technologies STTE.NS rise 10% to 141.15 rupees, highest level since March 4

** STTE approved opening a qualified institutions placement (QIP) on Monday, sets floor price of 119 rupees per share

** Over 3.5 mln shares change hands by 9:43 a.m. IST, ~1.7X THE 30-DAY AVG

** Stock up 27.4% so far in April; was down in the previous two months

(Reporting by Anisha Ajith in Bengaluru)

(([email protected]))

** Shares of Sterlite Technologies STTE.NS rise 4.5% to 128.75 rupees

** Data network tech co gets orders worth about 9 billion rupees (nearly $108 million) in FY 24 for providing optical solutions

** STTE on track for second straight session of gains; had lost 19% in March, worst month since Jan 2022

** About 4.8 mln shares change hands, nearly twice the 30-day avg

** Stock down 9.8% YTD, had lost 18.8% in 2023 for second straight year of losses

($1 = 83.3550 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

April 1 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• PARTNERS WITH VOCUS GROUP, A SPECIALIST FIBRE AND NETWORK SOLUTIONS PROVIDER IN AUSTRALIA

Source text for Eikon: ID:nBSE43rBW9

Further company coverage: STTE.NS

(([email protected];;))

** Shares of Sterlite Technologies STTE.NS up 8.3% at 145.65 rupees

** Stock posts biggest intraday pct gain Nov. 16

** Co says has partnered with fiber optic internet provider Lumos

** STTE will provide advanced, purpose-engineered optical fiber cable designs to meet Lumos' specific network needs

** STTE eyes second straight session of gains

** More than 7.8 mln shares change hands as of 12:38 p.m. IST, 4.8x the 30-day moving average

** Including session's moves, stock up 1.7% so far this year, after falling 18.8% in 2023

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of Sterlite Technologies STTE.NS down 5.1% at 135.65 rupees, lowest since early Nov. 2023

** Stock logs largest intraday pct decline since late Nov. 2023

** Data network tech co reported Dec qtr loss vs profit year ago

** Roughly 2.4 mln shares change hands so far, 1.5X the 30-day moving average

** Rival Tejas Networks' TEJS.NS wider loss tanked shares earlier this week

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

Dec 7 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• CO CLAIMS OUTSTANDING OVERDUE AMOUNT OF 2.54 BILLION RUPEES, COST OVERRUN, INTEREST FOR VALUE OF GOODS DELIVERED TO AKSENTT

Source text for Eikon: ID:nNSE2GPtgT

Further company coverage: STTE.NS

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Nov 29 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• UNIT AGREED TO SELL 40% OF OUTSTANDING SHARES HELD IN METALLURGICA BRESCIANA MAANSHAN SPECIAL CABLE, CHINA

• CONSIDERATION RECEIVED FROM SALE AT EURO 5.95 MILLION

Source text for Eikon: ID:nBSEbHwScG

Further company coverage: STTE.NS

(([email protected];))

Nov 24 (Reuters) - Sterlite Technologies Ltd STTE.NS:

• SUPREME COURT DISMISSED SPECIAL LEAVE PETITION FILED BY CO IN MATTER OF SHINETSU CHEMICAL CO

Source text for Eikon: ID:nBSE7wJR8P

Further company coverage: STTE.NS

(([email protected];))

** Shares of optical and digital solutions provider Sterlite Technologies STTE.NS rise as much as 3.8% to 163.5 rupees, biggest intraday percentage gain since Sept. 18

** STTE on track to rise for third straight session - its longest winning streak since Aug. 24 - if gains hold

** Co says it collaborated with homegrown green hydrogen solutions provider Hygenco for supply of green hydrogen to its manufacturing plants

** STTE says Hygenco will build-own-operate the green hydrogen facility for co for 20 years

** More than 1.4 mln shares traded by 12:20 p.m. IST, 0.6 times their 30-day moving avg

** Stock currently up 3.2%, trimming YTD losses to 7.7%

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))