TATACOMM

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

• TATA COMMUNICATIONS - LAUNCHES TATA COMMUNICATIONS VAYU

Source text: ID:nBSE5Km5ZL

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

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

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

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

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

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

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

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

(Reporting by Vivek Kumar M)

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

• APPOINTED N. GANAPATHY SUBRAMANIAM AS CHAIRMAN OF BOARD

Source text: ID:nBSE4zfK4s

Further company coverage: TATA.NS

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

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

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

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

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

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

(Reporting by Aleef Jahan in Bengaluru)

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

** Stock hit highest level since Jan. 21

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

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

(Reporting by Sherin Sunny in Bengaluru)

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** Shares of Tata Communications Ltd TATA.NS drop 4.3% to 1,625 rupees

** TATA's Q3 rev. of 57.98 billion rupees and profit of 2.36 billion rupees missed analyst expectations, per data compiled by LSEG

** Analysts had expected rev. of 59.11 billion rupees and profit of 2.36 billion rupees - mean of 3 analysts' expectations per LSEG

** Stock was down 2.8% before reporting results

** About 540,000 shares traded, 1.8x the 30-day avg. volume

** Six analysts tracking stock rate it "hold" on avg - LSEG data

** Stock down 4.4% so far this year

(Reporting by Nandan Mandayam in Bengaluru)

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

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

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

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

** TATA fell 3.8% in 2024

(Reporting by Meenakshi Maidas in Bengaluru)

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

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

Source text: ID:nBSEpfpJh

Further company coverage: TATA.NS

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Recasts with branches of cable, comment from NEC

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

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

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

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

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

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

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

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

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

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

Source text: ID:nNSE8JFw9Q

Further company coverage: TATA.NS

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

• TATA COMMUNICATIONS LTD - ANNOUNCES KALEYRA AI

Source text: ID:nBSE23gHjg

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

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

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

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

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

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

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

($1 = 1.5509 Australian dollars)

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

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

• ENTERED INTO AGREEMENT WITH TRANSACTION SOLUTIONS INTERNATIONAL (INDIA)

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

• DEAL FOR 3.3 BILLION RUPEES

Source text: ID:nBSE3XSSpw

Further company coverage: TATA.NS

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

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

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

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

Further company coverage: TATA.NS

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

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

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

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

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

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

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

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

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

($1 = 84.0575 Indian rupees)

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

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Oct 11 (Reuters) -

• NOEL TATA APPOINTED CHAIRMAN OF TATA TRUSTS - CNBC TV18

Source text for Eikon: [ID:]

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By Tanvi Mehta

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

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

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

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

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

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

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

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

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

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

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

(Reporting by Tanvi Mehta; Editing by Michael Perry)

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Adds source information, background throughout

By Aditya Kalra

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

Tata, 86, who ran Tata Sons for more than 20 years and is credited with expanding and diversifying the company, said on Monday he was undergoing routine medical investigations due to his age and related medical conditions.

A representative for Tata, one of the world's biggest conglomerates with a revenue of $165 billion in 2023-24, did not immediately respond to a request for an update on his condition on Wednesday.

The sources, one of them close to the Tata family, and both with direct knowledge of his medical condition, did not give further details on the nature of his illness.

Tata has been admitted to Mumbai's Breach Candy hospital, they said.

In a statement published on his social media profiles on Monday, Tata said he remained in good spirits and that there was no cause for concern.

Tata is not as active in the day-to-day running of the group as he used to be, but is consulted on big decisions by the Tata Sons leadership, a senior company executive told Reuters.

He is, however, involved in the running of Tata Trusts, a philanthropic organisation run by the group, of which he is chairman.

Tata also serves on the international advisory boards of Mitsubishi Corporation and JP Morgan Chase, according to his profile on the Tata Sons website.

Tata became chairman of the autos to steel conglomerate in 1991 and ran the group founded by his great-grandfather more than a hundred years ago until 2012.

He founded telecommunications company Tata Teleservices TTML.NS in 1996 and took IT company Tata Consultancy Services TCS.NS public in 2004.

(Reporting by Aditya Kalra
Editing by YP Rajesh, David Goodman and Mark Potter)

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Tata Motors Ltd TAMO.NS:

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

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Further company coverage: TAMO.NS

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

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

Source text for Eikon: ID:nBSE1JJYH3

Further company coverage: TATA.NS

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

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

Source text for Eikon: ID:nnAZN28IW0U

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

• TATA COMMUNICATIONS - ISSUED COMMERCIAL PAPER WORTH 3.5 BILLION RUPEES

Further company coverage: TATA.NS

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

• Q1 CONSOL NET PROFIT 3.33 BILLION RUPEES

• Q1 CONSOL INCOME FROM OPERATIONS 56.33 BILLION RUPEES

Further company coverage: TATA.NS

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

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

Source text for Eikon: ID:nBSE6tQlY2

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

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

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

Source text for Eikon: ID:nBSEb5hyZj

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

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

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

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

Source text for Eikon: ID:nBSE7cCFVc

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

• ISSUED, ALLOTTED COMMERCIAL PAPER AGGREGATING TO 2.5 BILLION RUPEES

Further company coverage: TATA.NS

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

• TATA COMMUNICATIONS - ANNOUNCE FIVE-YEAR HOST BROADCASTING SERVICES DEAL WITH WORLD ATHLETICS

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May 7 (Reuters) - Tata Communications Ltd TATA.NS:

• TATA COMMUNICATIONS CLOUDLYTE OPENS NEW VISTAS

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April 25 (Reuters) - Britain's car production fell 27.1% year-on-year in March as manufacturers wound down existing models and more plants transitioned to electric vehicle production, data from the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday.

SMMT said the latest production outlook report by AutoAnalysis expects UK car and light van production to tumble 6.2% to about 940,000 units this year, primarily due to the model changeovers.

WHY IT'S IMPORTANT

This is the first time car output has dropped in six months and comes at a time when electric vehicle production has successively grown as giants like Nissan 4021.T and Tata TAMO.NS pour in billions in the country to ramp up EV plans in a bid to become net zero.

CONTEXT

SMMT has previously said manufacturers are offering "generous incentives" in a push to switch to zero-emission vehicles and called for further incentives from the government for private retail buyers.

The industry body also citied fewer trading days in March due to Easter for the fall in production.

BY THE NUMBERS

Around 59,467 cars rolled out of factory lines in March, compared with 81,605 units in the same month last year.

EV volumes made up more than a third of all production but dwindled around 30% year-on-year, mainly due to model changeovers, it said.

The production of battery-electric (BEV), plug-in hybrid (PHEV), and hybrid (HEV) vehicles in the UK surged 48% in 2023.

KEY QUOTES

"This fall is not unexpected given the wholesale changes taking place within UK car factories as existing models are run out and more plants transition to electric vehicle production," said SMMT Chief Executive Mike Hawes.

"We can expect further volatility throughout 2024 as manufacturers lay the foundations for a successful zero-emission future," Hawes added.

(Reporting by Anchal Rana in Bengaluru; Editing by Tasim Zahid)

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