Blackrock buys 1.56% stake in Tata Communications, 1.17% in Polycab
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.
The Economic Times
• Blackrock Global Funds-India Fund has purchased shares in Tata Communications and Polycab India, while BNP Paribas Arbitrage has sold shares in Tata Communications.
• US-based private equity firm Blackrock has purchased a 1.56% stake in Tata Communicatio......read more
Singapore Airlines partners with Tata Communications to enhance customer experience
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 Economic Times
• Tata Communications and Singapore Airlines have announced a multi-year agreement to enhance employee productivity and customer experience.
• Tata Communications has been working with Singapore Airlines for the past five years, providing intelligent custo......read more
Israel-Hamas conflict may slow down deal conversion, says Tata Comm MD
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.
Tata Communications shares fall 3% after Q2 profit plunges 58% YoY
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
NTPC, Vinati Organics among 10 stocks with RSI trending down
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.
'Tata Comm to expand media & entertainment services'
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.
Tata Communications to scale up media & entertainment services, include live news, events coverage
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.
Over the next 3-5 years, what could be good compounders in making? Porinju Veliyath answers
“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.”
Tata Communications moves ITAT against Rs 228.49 crore TDS order by I-T Dept
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.
TDSAT asks DoT not to take coercive action against Tata Comms over past LF dues
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.
Tata Communications plans to raise Rs 1,750cr via NCD issuance
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 to raise Rs 1,750 crore through NCDs
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.
Trade Spotlight | How to deal in BHEL, Engineers India, Tata Communications today
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 challenges DoT's Rs 991.5 cr demand in TDSAT; tribunal says no coercive action till next hearing
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.
Chart Check: After 30% rally in 3 months, this stock gives breakout from 6-wk consolidation of flag pattern; time to buy?
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.
Tata Communications, Godrej Properties, 6 other midcap stocks cross new 52-week high
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.
Tata Communications CEO on falling margins, acquisitions & more
“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.”
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.
Tata Communications to buy balance stake in Singapore's Oasis Smart Sim for Rs99.3 crore
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 raises stake in this Tata group stock in June quarter
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 leases 3 floors in Tata Communications’ office tower in Mumbai’s BKC
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).
Tata Communications to buy US' Kaleyra for $100 million, take over debt
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 to acquire Kaleyra for about $100 mn in an all-cash deal
"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.