New Delhi: External Affairs Minister S. Jaishankar on Sunday said that India and the United States are actively working to resolve the ongoing tariff issues through dialogue, expressing confidence that these challenges will not affect the broader trade relationship between the two nations.  

Speaking at the Kautilya Economic Conclave (KEC 2025), he said a large part of India’s trade with the US remains “business as usual” despite the current differences.

Jaishankar explained that the ongoing trade tensions largely stem from the inability of both sides to reach a common ground on several issues.

“We have issues with the US and a big part of it is because we have not arrived at a landing ground. The inability to reach there has led to tariffs being levied,” he said.

The minister revealed that negotiations are ongoing regarding the 50 per cent tariffs imposed on Indian exports.

He stressed that India’s “red lines have to be respected” while finding a solution. “There has to be an understanding with the US because it is the number one market and because a lot of the world has reached that understanding,” Jaishankar said.

Despite the tariffs, the minister underlined that trade between the two countries is largely continuing smoothly.

“I don’t think this will percolate to every dynamic of trade. Some issues will need to be negotiated, but I would hesitate to read very much more into it than the issues themselves,” he said.

Jaishankar also highlighted the challenges that tariffs pose for policymakers in today’s global trade environment.

“When you have a world where the central consideration of trade has become tariffs, please explain to me where comparative advantages and competitive advantages go,” he remarked.

He noted that additional tariffs have been imposed on India’s energy trade, but assured that both nations are engaged in active negotiations to resolve these matters.

The minister pointed out that India has successfully signed trade agreements with several Asian countries, though some of these economies are highly competitive.

“And in many cases, because of the supply chain nature, they have also provided a pathway for China. Our focus should be on FTAs with economies that are not competitive,” he said.

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their oil production quotas by 137,000 barrels per day (bpd) for November, continuing efforts to reclaim market share amid cautious demand projections, AFP reported.“In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, the eight participating countries decided to implement a production adjustment of 137 thousand barrels per day from October’s levels,” Opec+ said in a statement after an online meeting.The increase was lower than many analysts had anticipated, with the group seeking to avoid exerting downward pressure on prices amid weak global demand. “Opec+8 stepped carefully after witnessing how nervous the market had become in light of rumours that production could be hiked by 500,000 barrels a day,” said Jorge Leon, analyst at Rystad Energy. “The group is walking a tightrope between maintaining stability and clawing back market share in a surplus environment.”Since April, the eight members — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Oman, and Algeria — have already raised their quotas by more than 2.5 million bpd. The initial focus of Opec+ this year was to support high prices by limiting supply, but the strategy shifted in April to prioritise regaining market share from competitors including the US, Brazil, Canada, Guyana and Argentina.Global oil demand projections are modest. The International Energy Agency expects consumption to rise by only 700,000 bpd between 2025 and 2026, while Opec forecasts higher growth of 1.3 million bpd in 2025 and 1.4 million bpd in 2026.Brent crude, the global benchmark, traded below $65 per barrel on Friday, down about 8% in a week amid concerns over a potential surge in Opec+ production.Russia, the cartel’s second-largest producer after Saudi Arabia, relies on high oil prices to fund its war effort in Ukraine but has limited capacity to increase output due to US and European sanctions. “The increase decided Sunday is manageable for Russia,” said Leon. The country currently produces around 9.25 million bpd, close to its maximum capacity of 9.45 million bpd, down from roughly 10 million before the conflict, analysts said.Ukrainian strikes on Russian refineries since August have intensified exports, as domestic utilisation of crude has declined, making Russia even more dependent on foreign markets, said Arne Lohmann Rasmussen, analyst at Global Risk Management

Last Updated:October 05, 2025, 14:57 IST

Tata Consultancy Services will announce Q2 results and consider a 2nd interim dividend on October 9, 2025.

TCS to declare 2nd interim dividend on October 09.

TCS Dividend 2025 Record Date: IT major Tata Consultancy Services (TCS) is all set to kick off Q2 earnings season with the declaration of its quarterly results for the July-September period, 2025, on Thursday, October 09. The board will also consider the 2nd interim dividend for the financial year 2025-26.

In a stock exchange filing, TCS said, “A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Thursday, October 9, 2025, to approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter and six-month period ending September 30, 2025.”

TCS Dividend 2025 Record Date

TCS has also fixed the record date for the proposed 2nd interim dividend for FY2025-26. TCS added, “The second interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, October 15, 2025, which is the Record Date fixed for the purpose.”

For Q1FY26, the board had declared an interim dividend of Rs 11 per share.

TCS Q1 FY26 Results

TCS had reported a 5.98 per cent rise year-on-year (YoY) in its net profit to Rs 12,760 crore for the first quarter ended June 30, 2025 (Q1 FY26). On a quarter-on-quarter (QoQ) basis, the net profit grew 4.38%.

It had reported a net profit of Rs 12,040 crore a year ago and Rs 12,224 crore in the previous quarter.

The Q1 FY26 earnings are better than expectations. A Bloomberg consensus poll of analysts had pegged TCS’ Q1 FY26 net profit growth at a muted 1.9% to Rs 12,263 crore.

The company’s revenue from operations during April-June 2025 stood at Rs 63,437 crore, which is 1.13 per cent higher as compared with the Rs 62,613 crore reported last year. On a sequential basis, the revenue fell 1.61%.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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