FINWIRES · TerminalLIVE
FINWIRES

NSE:TATACOMM

6 stories mentioning NSE:TATACOMMUpdated 28d ago

Every FINWIRES story that references NSE:TATACOMM, newest first.

Asia

Lightstorm, Singtel, Microsoft to Launch India-Southeast Asia Submarine Cable

Lightstorm signed consortium agreements with Singtel (SGX:Z74) Microsoft and Tata Communications (NSE:TATACOMM, BOM:500483) to build a submarine cable system that will link India's east coast to Singapore and Malaysia.The 3,600-kilometer I-2SEA is expected to be service-ready by the fourth quarter of 2029 and is designed for AI workloads, according to a Thursday statement from the city-state's AI connectivity platform operator.Under the agreement, NEC Corp. (TYO: 6701) was named system supplier while ASEAN Cableship was the marine installation partner.

BOM:500483NSE:TATACOMMSGX:Z74TYO:6701
Asia

Tata Communications Says Delhi Data Center Fire Has No Material Impact on Business

Tata Communications (NSE:TATACOMM, BOM:500483) said its operations continue unaffected following the fire incident at its leased data center facility in New Delhi, India, adding that the overall business impact has not been material.Data of most affected customers has been recovered, with only a limited number of cases requiring further validation or rebuilding, according to a stock exchange filing on Thursday.The company said it maintains adequate insurance coverage to address any potential financial impact arising from the incident.Shares of the company fell nearly 2% in morning trade on Friday.

BOM:500483NSE:TATACOMM
Asia

Market Chatter: Tata Communications' Delhi Data Center Fire May Have Destroyed Decades of Data, Hit Google Connectivity

The fire in May at a data center owned by Singapore's ST Telemedia and Tata Communications (NSE:TATACOMM, BOM:500483) is said to have gutted clients' data collected over decades and caused network disruptions for Google Cloud services in India, according to a Reuters report on Wednesday, quoting a letter and sources.As per the report, in a letter to international SIM card provider Matrix, the company said that despite its efforts to recover the data, the severity of the damage poses significant challenges to recovering the affected data and systems.Gaurav Khanna, the CEO of Matrix, told Reuters that the company has likely lost access to over 20 years of accumulated operational and business data stored at the STT Global Data Centres India facility.A source cited in the report said Google Cloud's ​intermittent network disruptions in India are also linked to the Delhi data center fire.Tata Communications, Matrix, and Google did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500483NSE:TATACOMM
Asia

Indian Equities Edge Higher on Wednesday Amid Oil, Currency Concerns

Indian benchmark indices closed modestly higher on Wednesday, although markets remained range-bound for a fourth consecutive session as elevated crude oil prices and currency weakness continued to limit investor appetite.The BSE Sensex gained 117.54 points, or 0.2%, to close at 75,318.39, while the NSE Nifty 50 rose 41.00 points, or also 0.2%, to settle at 23,659.00.Investor sentiment stayed cautious amid a lack of progress in U.S.-Iran negotiations, which kept concerns over global oil supply and energy prices in focus. The continued weakness in the Indian rupee also added to market uncertainty.In corporate developments, Tata Communications (NSE:TATACOMM, BOM:500483) surged 8% after appointing Ganesh Lakshminarayanan as managing director and chief executive officer, effective Wednesday.JSW Energy (NSE:JSWENERGY, BOM:533148) rose nearly 1% after reporting increase in fiscal fourth-quarter consolidated profit to 22.4 billion rupees from 19.5 billion rupees a year earlier. Revenue from operations increased to 189.0 billion rupees from 117.5 billion rupees.

^BSENifty 50BOM:500483BOM:533148NSE:JSWENERGYNSE:TATACOMM
Asia

Tata Communications Appoints CEO; Shares Up 5%

Tata Communications (NSE:TATACOMM, BOM:500483) has appointed Ganesh Lakshminarayanan (listed in filings as Ganapathi S. Lakshminarayanan) as the managing director and chief executive officer of the company, with effect from Wednesday, according to a same-day filing to the Indian stock exchanges.Lakshminarayanan was appointed as the managing director and CEO-designate by the Tata Communications board on Jan. 21.The company's shares were up nearly 5% in recent trade.

BOM:500483NSE:TATACOMM
Asia

Tata Communications' Consolidated Profit Declines Sharply in Fiscal Q4

Tata Communications' (NSE:TATACOMM, BOM:500483) consolidated attributable profit plunged to 2.63 billion Indian rupees in the fiscal fourth quarter ended March 31, from 10.4 billion rupees a year ago.The communications technology company's earnings per share contracted to 9.22 rupees from 36.45 rupees a year earlier, according to a Wednesday filing to the Indian stock exchanges. The EPS was much lower than the 26.43 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, rose to 65.5 billion rupees from 59.9 billion rupees a year ago. This was higher than Visible Alpha's estimate of 59.9 billion rupees.The company's board recommended a final dividend of 17.50 rupees per share of face value of 10 rupees for the financial year ended March 31.

BOM:500483NSE:TATACOMM

Track with the FINWIRES app suite

FolioX
FolioX
Track NSE:TATACOMM in your portfolio
WheelAI
WheelAI
Analyze NSE:TATACOMM options with the wheel strategy
StockInsider
StockInsider
See market sentiment on NSE:TATACOMM