Page 4 - Tata Communications

TPREL, Tata Comm sign Rs 105 cr deal to set up captive solar project

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units (MUs) of power while offsetting more than 30,000 tonne of CO2 emissions annually, Tata Power said in a statement. TPREL has signed a power delivery agreement with Tata Communications for a 18.75 MW group captive solar power plant, it said. "We partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as group captive solar will not only reduce operating costs but also increase energy efficiency," TPREL CEO and MD Deepesh Nanda said. TPREL, an arm of Tata Power, has achieved a milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group capti

Near-term margin pressures to persist for Tata Communications stock

The consolidated operating profit grew 12 per cent Q-o-Q to Rs 1,130 crore led by Kaleyra, which turned the operating profit positive

Tata Communications subsidiary issues termination notice to Vodafone Idea

In a notice to the stock exchange, the company said the carrying amount of trade receivables (including unbilled revenue) from the customer was Rs 221.19 crores as on December 2023

Tata Communications posts fastest quarterly revenue growth in 9 years

Revenue rose 24.4% to Rs 5,633 crore for the quarter ended Dec. 31, according to an exchange filing

Go Long on Nifty around 20,700 as trend remains bullish, says HDFC Sec

The Nifty closed near its 5-day EMA support placed at 20,878 on Tuesday

Tata Communications to deploy 'digital fabric' technology at all JLR sites

Tata Communications has already commenced implementation of the network transformation program and will complete the deployment by 2025

Tata Communications Q2 results: Net profit plunges 58% to Rs 221 crore

Tata Communications on Thursday reported a 58 per cent decline in its consolidated profit after tax to Rs 221.26 crore for the second quarter ended September 30. The company had posted a profit after tax of Rs 534.26 crore a year ago. Its consolidated income from operations grew by about 10 per cent to Rs 4872.5 crore during the reported quarter from Rs 4,430.74 crore in the September 2022 quarter. The company's data business revenue grew 14.4 per cent on a year-on-year basis to Rs 3,995 crore. "We are pleased to announce a robust 14 per cent year-on-year revenue growth this quarter. Overall, we remain confident of the long-term opportunities and will continue to invest in the product portfolio to strengthen our value proposition to enterprises," Tata Communications MD and CEO AS Lakshminarayanan said. The company during the quarter announced to accelerate the closure of the Kaleyra Inc transaction, which will enable it to create a new digital platform category - Customer Interact

Tata Communications to expand media & entertainment services: Details here

Amur Lakshminarayanan, managing director and chief executive of Tata Communications, stated that the company will continue investing in building its portfolio to keep the growth momentum

Tata Comm moves ITAT against Rs 228.49 cr TDS order by Income Tax Dept

Tata Communications has moved the Income Tax Appellate Tribunal against an income tax commissioner court order rejecting the company's appeal against a tax demand of Rs 228.49 crore, according to an exchange filing. The company in a late-night filing on Friday stated that the company had filed appeals before the Commissioner of Income-tax (Appeals), Mumbai, in respect of TDS orders alleging short deduction of tax at source for assessment years 2013-14 to 2018-19. The potential financial implications are Rs 228.49 crore on the company, it said. The Commissioner of Income-tax (Appeals), Mumbai, passed orders received by the company on September 07, 2023 deciding the appeals against the company. "The company has on September 08, 2023, filed an appeal against these orders before the Income Tax Appellate Tribunal," Tata Communications said.

Tata Communications launches cloud-based roaming lab for 5G trials

The cloud-based 5G roaming lab trials the international mobile roaming experience by closely monitoring traffic movement and network usage

Buy Tata Communications, India Glycols, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says the Nifty may find a directional move on breakout from the 19,270-19,500 trading band.

Tata Communications challenges DoT's Rs 991.5 cr fee demand in TDSAT

Tata Communications has challenged Telecom Department's Rs 991.5 crore licence fee demand pertaining to past years, in TDSAT, which has directed the DoT not to take any coercive action till the next hearing, the company said in a filing on Friday. The Department of Telecom (DoT) in its demand letter dated August 8, 2023, has raised certain license-fee demands of Rs 991.54 crore pertaining to FY 2006-07 (international long-distance and internet service provider) and FY 2007-08 (NLD, ILD and ISP). "These demands have been challenged by the company before...TDSAT (Telecom Disputes Settlement and Appellate Tribunal), wherein after hearing both the parties, ...TDSAT, vide its order dated 14 August 2023 received by the company on 17 August 2023, has directed DoT not to take any coercive action till the next hearing," Tata Communications said in a BSE filing. The company further said it has already included the amount in dispute as part of the notes to accounts in the quarterly financial .

Nifty50: Uptrend likely once it breaches 19,700; support seen at 19,300

A level below 19,300 would be considered bearish sign in Nifty for the short term, says Vinay Rajani, senior technical and derivative research analyst at HDFC Securities

Tata Communications net profit falls by 30% to Rs 382 crore in June quarter

Tata Communications on Wednesday posted a 29.8 per cent fall in consolidated net profit at Rs 382 crore in the June quarter, hit by higher interest costs and lower forex gains. The consolidated revenue rose 10.7 per cent year-on-year to Rs 4,711 crore. The data business revenue stood at Rs 3,912 crore, an increase of 17.1 per cent over the same period previous year. In the first quarter of the current fiscal, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) from data business stood at Rs 929 crore, down 4.2 per cent year on year largely "due to inorganic costs coming in this quarter", the company said in a statement. "We have had a pivotal first quarter in FY24 delivering a very strong revenue growth in our data business and the digital portfolio, closing The Switch deal and announcing the Kaleyra acquisition," Tata Communications MD and CEO A S Lakshminarayanan said. He also said the company is on track with the execution of its strategy and the strengthe

PFC, Sanghvi Movers, Bajaj twins: Trading strategies for buzzing stocks

These 5 buzzing stocks may rise up to 15% in the coming sessions

Stocks to Watch today, July 11: Vedanta, LIC, Vadilal, PCBL, Tata Comm, PFC

Stocks to watch on July 11, 2023: Shares of Nazara Tech and Satin Creditcare may see some action as the boards approved fund raising proposals.

Tata Comm to acquire remaining 41.9% stake in OSSE France for Rs 99.3 cr

Tata Communications will acquire the remaining 41.9 per cent stake in eSIM company OSSE France for Rs 99.3 crore, the company said on Monday. Following the transaction, which the company expects to close in about a month, Tata Communications' Singapore-based subsidiary Tata Communications International Pte (TCIPL) would acquire 100 per cent equity shareholding in Oasis Smart SIM Europe. "TCIPL will acquire full equity ownership in OSSE France, increasing its shareholding from the current stake of 58.1 per cent to 100 per cent by buying out the remaining stake of 41.9 per cent," Tata Communications said in a regulatory filing. In 2020, TCIPL acquired a majority equity stake of 58.1 pc in Oasis Smart Sim Europe SAS (OSSE France) and Oasis Smart E-Sim Pte Ltd (OSEPL) Oasis, making OSSE France and OSEPL its subsidiaries. OSEPL is a wholly-owned subsidiary of OSSE France. "The acquisition of Oasis will help Tata Communications complete the alignment of Oasis eSIM R&D road map with Tata

Tata Comm: Upsides in stock limited given execution challenges, valuations

Sharp rally and integration/execution challenges may cap upsides for the stock

Tata Communication slips 4% on acquisition plan of US-based Kaleyra

Kaleyra is a global omnichannel integrated communication services provider with a set of proprietary platforms, which offers targeted personalisation through messaging, video, push notifications

Tata Comm to acquire NYSE-listed Kaleyra for $100 mn in all-cash deal

The firm reported revenue of $339.17 million in 2022, up from $267.74 million in CY21