Tata Communications losing out in the market due to quarterly losses
Advertisement
Advertisement
Advertisement
Shares of Tata Communications said its first quarter losses rose to 33.9 crore rupees compared with 21.4 crore rupees in the same quarter a year ago. Sales during April-June gained marginally to 5,207 crore rupees from 5,111 crore rupees in the year ago period.
Tata Comm fell 7 percent, or 33 rupees, to 442 rupees, its lowest level since July 9th, on the
Tata Communications' market capitalisation has fallen 20 percent in the past one year to 13,450 crore rupees as investors stayed away from commoditised businesses facing heavy global competition.
(Image credits: Indiatimes)
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member