The Board of Tata Communications at its meeting held on 13 May 2024 has approved the appointment of Aman Gupta as the Chief Human Resources Officer of the company effective 01 July 2024 in place of Aadesh Goyal who retires as the Chief Human Resources Officer of the company on 30 June 2024. Powered by Capital Market - Live News

Tata Communications unveiled Tata Communications CloudLyte, a fully-automated edge computing platform, designed to empower future-ready enterprises to thrive in a data-driven world. As businesses become hyperconnected and emerging technologies like 5G and IoT gain ever greater traction, the need for real-time data processing, low latency applications and intelligent decision-making is vital. Tata Communications CloudLyte is at the forefront of edge computing and adeptly caters to the needs of global enterprises through its multi access, cloud, and infrastructure agnostic architecture.Through its unique �solution in a box` approach, Tata Communications CloudLyte provides enterprises with the platform, infrastructure, network, managed services, and the use case � as a comprehensive unified offering. �Solution in a box` enables enterprises with swift deployment (within minutes), and effortless scaling as required, thus futureproofing investments.With real time inferencing and auto scaling, the platform seamlessly extends cloud capabilities to the edge, bringing in the agility and flexibility of the cloud. Tata Communications CloudLyte also manages edge resources centrally for a seamless experience and has built-in security with features like zero-trust architecture and layered defences � simplifying enterprise operations, maximizing efficiency, and driving business growth.Powered by Capital Market - Live News

Tata Communications announced the adoption of a sustainability-linked loan (SLL) framework to align all future long-term debt financing with its environmental commitments. The initiative, a first of its kind in the sector in India, underscores the company`s unwavering dedication to responsible business practices and sustainability leadership. Unlike traditional loans, loans aligned to the SLL framework have margins tied to specific carbon emission reduction targets (or non-financial covenants), incentivising continuous improvement in sustainability performance. By linking its loan margins directly to environmental impact, Tata Communications aims to drive meaningful change while fostering a deeper integration of the Tata Group`s overarching sustainability aspirations with its own capital structure. The transparent and accountable approach also aims to attract sustainability-conscious capital from investors who share the company`s commitment to environmental responsibility. By linking loan margins to measurable targets, it demonstrates a commitment to quantifiable results, allowing stakeholders to track progress and recognise milestones.Powered by Capital Market - Live News

Net profit of Tata Communications declined 1.49% to Rs 321.18 crore in the quarter ended March 2024 as against Rs 326.03 crore during the previous quarter ended March 2023. Sales rose 24.58% to Rs 5691.70 crore in the quarter ended March 2024 as against Rs 4568.66 crore during the previous quarter ended March 2023.For the full year,net profit declined 46.08% to Rs 968.34 crore in the year ended March 2024 as against Rs 1795.96 crore during the previous year ended March 2023. Sales rose 17.55% to Rs 20968.82 crore in the year ended March 2024 as against Rs 17838.26 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales5691.704568.66 25 20968.8217838.26 18 OPM %18.5622.64 -20.1724.21 - PBDT925.15963.90 -4 3868.424248.92 -9 PBT259.31345.40 -25 1398.751987.11 -30 NP321.18326.03 -1 968.341795.96 -46 Powered by Capital Market - Live News

Tata Communications announced that the Board of Directors of the Company at its meeting held on 17 April 2024, has recommended a Final dividend of Rs.16.70 per share (i.e.167%), subject to the approval of the shareholders.Powered by Capital Market - Live News