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Tata Communications signed a five-year contract with global sports organization World Athletics, expanding its media business by adding over 20 international events. Dhaval Ponda, Global Head of Media and Entertainment Services at Tata Communications, highlighted the significant viewership of World Athletics events.

Tata Communications is ramping up AI compute spending and advancing its deal with Nvidia to build an AI supercomputer. The companys CEO discusses investments, AI services for startups, and the profitability outlook.

Tata Communications is ramping up AI compute spending and advancing its deal with Nvidia to build an AI supercomputer. The companys CEO discusses investments, AI services for startups, and the profitability outlook.

Tata Communications MD and CEO A S Lakshminarayanan is expecting to launch its AI Cloud with Nvidia sometime later this year.

“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.”

The pressure on profits was led by a higher mix of digital portfolio of services instead of core connectivity solutions, AS Lakshminarayanan, managing director at Tata Communications, told ET.

BENGALURU (Reuters) -

The pressure on profits was led by a higher mix of digital portfolio of services instead of core connectivity solutions, AS Lakshminarayanan, managing director at Tata Communications, told ET.

India Business News: Tata Communications reported a 30% slump in first-quarter profit on Wednesday, hit by higher interest costs and lower foreign exchange gains.Consolida

Consolidated net profit for the quarter ended 30 June was Rs 382 crore, compared with Rs 544 crore a year ago, , tata communications