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Tata Comm. net falls 46.86% for Sep`08 Qtr

Tata Communications, a leading global provider of a new world of communications, disclosed a phenomenon drop in its standalone net profit for the quarter ended September 2008, failing to meet the analysts expectations. During the quarter, the profit of the company declined 46.86% to Rs 326.40 million from Rs 614.20 million in the same quarter, previous year. The analysts at Bloomberg had expected the earnings to be at Rs 1,017 million for quarter ended September 2008.

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