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Tata Communications Limited (TATACOMM.NS)
| Previous close | 1,909.20 |
| Open | 1,899.20 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 1,870.00 - 1,915.00 |
| 52-week range | 1,172.00 - 2,084.65 |
| Volume | |
| Avg. volume | 849,804 |
| Market cap | 536.869B |
| Beta (5Y monthly) | 1.27 |
| PE ratio (TTM) | 55.13 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 21.00 (1.10%) |
| Ex-dividend date | 26 Jun 2023 |
| 1y target est | N/A |
- Reuters SG
UPDATE 3-Air India-Vistara merger gets Singapore's conditional approval
Singapore's competition watchdog said on Tuesday it has approved the merger between Tata Group-owned Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions. Singapore's flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets. While India's antitrust body approved the deal in September last year, the Competition and Consumer Commission of Singapore (CCCS) had identified certain competition concerns regarding the merger.
- Associated Press Finance
3 Red Sea data cables cut as Houthis launch more attacks in the vital waterway
Three cables under the Red Sea that provide global internet and telecommunications have been cut as the waterway remains a target of Yemen’s Houthi rebels, officials said Monday. Meanwhile, a Houthi missile attack set a ship ablaze in the Gulf of Aden, but caused no injuries. There has been concern about the cables being targeted in the Houthi campaign, which the rebels describe as an effort to pressure Israel to end its war on Hamas in the Gaza Strip.
- Reuters
India's Tata Communications posts 59% profit slump on higher costs
Consolidated net profit for the company, a subsidiary of the Tata Group, fell to 2.21 billion rupees ($26.56 million) for the quarter ended Sept. 30, from 5.32 billion rupees a year ago, marking its fourth straight decline in quarterly profit. Expenses rose 16% to 46 billion rupees, led by a 15% jump in network and transmission costs. Meanwhile, the company's mainstay data services segment, which contributes over 80% to its total income from operations, saw its revenue jump 14% on robust demand in its core connectivity and digital portfolio segments.
