Economic TimesLean R·
TCS hit with fresh $70 mln charge
Tata Consultancy Services (TCS) will take a one-time exceptional charge of $70 million in the first quarter of FY27 after the US Supreme Court declined to hear its appeal in a long-running trade secrets dispute, taking the Indian IT giant's total exposure in the case to $220 million.The US Supreme Court on June 15 allowed a lower court ruling awarding damages to DXC Technology to stand, effectively bringing an end to TCS's legal challenge in the matter.TCS said it had already provided $150 mill…
Read at Economic Times →
