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TCS is expected to post a second consecutive weak quarter with a 0.7% drop in dollar revenue for Q4 FY25, amid delayed client spending, cross-currency headwinds, and BSNL project rampdown. Despite subdued growth, a weaker rupee and improved efficiency may support margins, while investors await the company's outlook on recent US tariff moves.
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News and Media
The 90-day breather would apply to reciprocal and 10% tariffs, Trump said. His sudden backtracking came less than 24 hours after sharp new tariffs kicked in on imports from multiple trade partners.
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Trump's tariffs include 104 per cent on products from China, 20 per cent on the European Union, 24 per cent on Japan and 25 per cent on South Korea. Administration officials have tried to reassure voters, Republican lawmakers and CEOs that the rates are negotiable, but by their own admission that process could take months.
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Beijing added 12 U.S. companies to a control list that prohibits exports of dual-use items and another six to its "unreliable entities" list, which allows Beijing to take punitive actions against foreign entities, according to commerce ministry statements.
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News and Media
The EU on April 9 adopted its first measures hitting back at President Donald Trump's tariff onslaught, targeting more than 20 billion euros of US products including soybeans, motorcycles and beauty products, the European Commission said. The levies are retaliation for previous US duties on steel and aluminium -- with Europe's response to Trump's latest tariffs salvo yet to be announced. bur-raz/ec/js
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News and Media
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