Tata Communications incurs loss of ₹250 cr in Sept quarter
Tata Communications on Wednesday reported a loss of ₹250 crore in the September quarter, mainly because of its investment in Tata Teleservices. The company had posted a profit of ₹40 crore in the same period a year ago. The company's revenue declined 6.5% to ₹4,218 crore in this quarter, from ₹4,509 crore in the previous fiscal.