Tata Communications announced the cessation of Renuka Ramnath (DIN: 00147182) as an Independent Director of the Company with effect from 08 December 2024. Powered by Capital Market - Live News

Tata Communications today announced a transformative upgrade to its AI cloud infrastructure in India, powered by NVIDIA Hopper GPUs. The strategic collaboration marks a significant milestone in the country`s AI journey, positioning Tata Communications as a key player in enabling AI applications across a wide spectrum of industries � including manufacturing, healthcare, retail, and banking and financial services � and equipping them with the computing power needed to handle complex AI workloads. As part of the initiative, Tata Communications will integrate cutting-edge NVIDIA software solutions such as NVIDIA NIM microservices, and the NVIDIA Omniverse and NVIDIA Isaac platforms, into its AI Cloud offerings. These technologies will provide businesses with an extensive suite of tools and services designed for AI-driven simulation, automation and more. At the end of this year, Tata Communications will begin the first phase of its large-scale deployment of Hopper GPUs, establishing itself as one of the largest NVIDIA Hopper GPU cloud-based supercomputers in India. The second phase, planned for 2025, will further expand the infrastructure with Blackwell GPUs. Tata Communications is poised to disrupt the AI landscape with an AI studio, a groundbreaking, all-in-one platform designed to transform how businesses use AI, by offering tools like AI Workbench, Model Garden, Responsible AI and serverless functions.Further, its advanced tools will simplify distributed data management, allowing businesses to efficiently collect and curate data across various enterprise systems and move it to the AI Cloud using Tata Communications` IZO� Multi Cloud Connect platform. This approach will ensure cost-effectiveness and scalability for enterprises, while maintaining their existing data structures.Complementing this is Tata Communications` CloudLyte Edge Computing platform, which enables low-latency inferencing, allowing businesses to deploy models at the edge for real-time responses. Together, these innovations empower enterprises to fully harness the power of AI.Tata Communications customers will also gain access to the NVIDIA AI Enterprise software platform on its accelerated infrastructure, which is designed to let users build, customize and run generative and agentic AI applications in production. This includes NVIDIA NIM Agent Blueprints, which provide customisable reference architectures for use cases like digital human technologies or AI virtual assistants for customer service, multimodal PDF extraction workflows for enterprise data retrieval and container security workflows for cybersecurity.Enterprises can also create their own AI models using the NVIDIA NeMo end-to-end platform for developing custom generative AI, and run efficient AI inference through NVIDIA`s NIM microservices �both part of the NVIDIA AI Enterprise � offering unparalleled flexibility and performance for AI workloads.By integrating NVIDIA technologies, Tata Communications will continue to demonstrate its commitment to building next-generation AI infrastructure and services, positioning the company to lead India`s AI transformation and make AI more accessible across industries. Powered by Capital Market - Live News

Net profit of Tata Communications rose 2.98% to Rs 227.23 crore in the quarter ended September 2024 as against Rs 220.66 crore during the previous quarter ended September 2023. Sales rose 18.37% to Rs 5767.35 crore in the quarter ended September 2024 as against Rs 4872.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5767.354872.50 18 OPM %19.3720.84 - PBDT938.58903.39 4 PBT278.00298.27 -7 NP227.23220.66 3 Powered by Capital Market - Live News

Tata Communications will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live News

Tata Communications  is in the process of simplifying the existing layered structure and moving Tata Communications (UK) (TC UK), step down wholly-owned subsidiary, directly under the ownership of the company. With the shares held by Tata Communications (Netherlands) B.V. being cancelled, the company will remain the sole shareholder of TC UK. In this regard, the Board of Directors of TC UK at their meeting held yesterday i.e., 25 September  2024, considered and approved a proposal for reduction of TC UK`s issued share capital from USD 12,216,567.42 divided into 7,541,091 fully paid-up shares of USD 1.62 each to USD 1,686,562.56 divided into 1,041,088 fully paid-up shares of USD 1.62 each by cancelling 6,500,003 shares of USD 1.62 each, registered in the name of or otherwise held by Tata Communications (Netherlands) B.V., an indirect wholly-owned subsidiary of Tata Communications (Share Cancellation). Approval for the said capital reduction has also been received from UK Secretary of State in accordance with the UK National Security and Investment Act 2021. Upon consummation of the aforesaid Share Cancellation and completion of subsequent regulatory compliance(s), if any, TC UK would become a direct wholly-owned subsidiary of Tata Communications. Powered by Capital Market - Live News