Blackrock Global Funds-India Fund bought 44.62 lakh equity shares in Tata Communications and over 17.49 lakh shares in Polycab. Further, BNP Paribas Arbitrage net sold 59.87 lakh shares in the telecommunications company at an average price of Rs 1,704.1 per share, which amounted to Rs 1,020.36 crore.

Blackrock Global Funds-India Fund also bought 17.49 lakh shares, equivalent to 1.16 percent of paid-up equity in Polycab India.

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Tata Communications has been working with Singapore Airlines for the past five years. Tata Communications enables the airline with intelligent customer call routing to their global customer service centres, ensuring a seamless customer experience, the announcement said.

The latest initiative, delivered on Tata Communications GlobalRapide platform, will enable SIA users to remain connected globally, it has been learnt from the statement.

Emkay Global Financial recommended hold rating on Tata Communications with a target price of Rs 1840 in its research report dated October 25, 2023.

ICICI Direct recommended hold rating on Tata Communication with a target price of Rs 1740 in its research report dated October 21, 2023.

Motilal Oswal recommended Neutral rating on Tata Communications with a target price of Rs 1630 in its research report dated October 22, 2023.

Tata Communications, the enterprise digital services provider, does not anticipate any direct impact from geopolitical conflicts but expects deal conversion to slow down due to the Israel-Hamas conflict. The company expects operational improvements and increased EBITDA performance as the digital business scales up. The integration of The Switch, which was acquired by Tata Communications, is expected to make the media and entertainment business EBITDA positive by mid-FY25.

At 12:52 am, the Nifty Midcap 100 was trading at Rs 39,198.95, falling around 600 basis points.

​And Kaleyra, we have had an accelerated closure and we will be integrating that. So we will put our heads down, make sure now the execution is sharp.

Tata Communications fall in net profit comes even as revenue from operations saw a 10% jump on-year to Rs 4872.5 crore in the September quarter as compared to Rs 4430.74 crore in the corresponding quarter of last year

The company's net profit fell by 58% YoY to Rs221.3 crore, with expenses increasing by 16% to Rs4,600 crore, mainly due to network and transmission costs

Explore the significance of the Relative Strength Index (RSI) as ETMarkets selects 10 stocks trading in the overbought zone. Discover why RSI is a crucial tool for assessing stock movement and making informed investment decisions.

The global investment bank believes that AB Capital is poised to post double profits in the next 3 years. The NBFC firm can gain from MSME lending opportunities

Speaking on the company's media and entertainment services (MES) business unit, which has grown by 20-25% over the past couple of years, Lakshminarayanan said the Tata Group company will continue investing in building its portfolio to keep the growth momentum.

Speaking on the companys media and entertainment services (MES) business unit, which has grown by 20-25% over the past couple of years, Lakshminarayanan said the Tata Group company will continue investing in building its portfolio to keep the growth momentum.

“The largest two holdings in our portfolio are Tata Communications and Raymond. Raymond has moved from Rs 3000 crore to now around Rs 14,000 crore market cap. Similarly, in Tata Communications, we continue to hold all our stocks and we have been buying till very recently. However, we are ready for 10-15% correction in both the stocks.”

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.

The Nifty Midcap stocks that scaled new heights on September 5, 2023, highlight their capacity to thrive in the stock market.

Emkay Global Financial recommended hold rating on Tata Communications with a target price of Rs 1710 in its research report dated September 03, 2023.

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The stock market marked an exceptional day on September 1, 2023, as several large and midcap companies achieved significant milestones by reaching new all-time highs.

The Telecom Disputes Settlement & Appellate Tribunal (TDSAT) has instructed the Department of Telecommunications (DoT) not to take any coercive action against Tata Communications regarding a demand for a licence fee of Rs 6,159 crore ($830 million) for past years. The demands have been challenged by Tata Communications and the TDSAT has directed the DoT to refrain from action until the next hearing.

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Promoter Baring PE, through its affiliate Hulst BV, will likely sell its entire stake in IT services company Coforge through block deals on Thursday, according to reports.

Tata Communications in a regulatory filing said the issuance will be done on a private placement basis to eligible investors. The company will issue a total of 175,000 NCDs of face value ₹1,00,000 each aggregating to ₹ 1,750 crore, the filing said.

Tata Communications in a regulatory filing said the isuance will be done on a private placement basis to eligible investors. The company will issue a total of 1,75,000 NCDs of face value Rs 1,00,000 each aggregating to ₹1,750 crore, the filing said.

Tata Communications, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 51314.25 Crore) operating in Telecommunications sector.

Tata Communications climbed 4.6 percent to Rs 1,782 and formed strong bullish candlestick pattern on the daily timeframe with above average volumes. The stock sustained above all short-to-long term averages.

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.

On August 1, StockEdge reported 25 stocks trading in the overbought zone but with declining RSI, indicating a bearish move. From this list, ETMarkets has handpicked 10 such stocks to explore further

The stock rose from Rs 1,244 recorded on 26th April 2023 to Rs 1,667 as on 26th July 2023 which translates into an upside of 34%. The stock also gave a breakout from a 6-week consolidation of a Flag pattern on the weekly charts which has opened room for the stock to head towards Rs 1,900 levels.

Eight BSE MidCap stocks achieved new 52-week highs on the latest trading day. Godrej Properties and Oberoi Realty take the lead, accompanied by other prominent companies like Lupin and Tata Communications, reflecting positive market momentum and growth potential.

Notable gainers included MRF, Torrent Pharmaceuticals, Jindal Steel, Glenmark Pharma, TVS Motor Company, and more, solidifying their positions in the market

Motilal Oswal is bullish recommended Neutral rating on Tata Communications with a target price of Rs 1450 in its research report dated July 20, 2023.

“We want to get our digital products to 50% and that is what we are on our way to. With this quarter, we would have reached 36% in digital revenues and as we scale all of these, each of these digital products have their glide path to improve their margins and therefore we are confident of hitting our aspiration of 23% to 25% in the mid to long term.”

The pressure on profits was led by a higher mix of digital portfolio of services instead of core connectivity solutions, AS Lakshminarayanan, managing director at Tata Communications, told ET.

​So it is just away few points above its all-time high now and Bank Nifty which was struggling since a couple of days. Bank Nifty, in fact, was I would say laggard or underperforming the Nifty. Now Bank Nifty also is trading comfortably above 45000.

At 9.22 am Tata Communications was quoting at Rs 1,551.25, up Rs 18.95, or 1.24 percent on the BSE. The share price rose 60 percent in last one-year.

Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. It has delivered over 350 million operating systems worldwide, worked with more than 100 mobile network operators (MNOs) and has been helping OEMs and IoT service providers to deliver eSIMs potential to global enterprises

Rekha Jhunjhunwala, an ace investor, has increased her holdings in Tata Communications during the June quarter, taking the total holding to 1.84%. The company is a part of the Tata Group and facilitates the digital transformation of businesses globally by providing connectivity, cloud hosting, security solutions, and media services.

Hinduja Realty Ventures has signed a long-term lease of over five years on three floors of a commercial tower in Mumbai's business district, Bandra-Kurla Complex. The real estate acquisition will be used by a number of companies within Hinduja Group, which is seeking to aggregate its Indian property portfolio under the group's flag and unlock value through integrated developments to maximise returns. The lease comprises 50,000 sq ft on the first, second and third floor of the tower, plus 27 car parking spaces and a monthly rental of Rs 115m ($1.6m).

Emkay Global Financial recommended hold rating on Tata Communications with a target price of Rs 1590 in its research report dated June 29, 2023.

ICICI Securities is bullish on Tata Communications recommended buy rating on the stock with a target price of Rs 1810 in its research report dated June 29, 2023.

Tata Communications, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 45108.38 Crore) operating in Telecommunications sector.

This transaction has been unanimously approved by the boards of directors of both Tata Communications and Kaleyra.

Kaleyra is a global omnichannel integrated communication services provider with a set of proprietary platforms, offering targeted personalisation through messaging, video, push notifications, e-mail and voice-based services, and chatbots.

"Tata Communications has agreed to acquire Kaleyra, Inc in a cash-only transaction, at a price per share of USD 7.25 for a total consideration to Kaleyra shareholders of approximately USD 100 million and the assumption of all outstanding debt," Tata Communications said in a statement.

Tata Communications will also acquire NYSE-listed Kaleyras gross debt of $224.9 million and net debt of $149.9 million as on March 31, 2023.

For the year ending March 2023, the company has declared an equity dividend of 210 percent amounting to Rs 21 per share.